Lora Lee Eaker Case Summary

Decent Essays
Partial distribution for the estate of the Lora Lee Eaker Trust dated / /2016 by appointed estate trustee George W, Eaker Jr.
On this date / /2016 George W, Eaker distributed the principal and interest received from three Certificate of Deposit and one savings account held in the Montgomery Bank of Cape Girardeau, MO that belongs to the Lora Lee Eaker Trust in the amount of $206,220.78.
Two certificates (1) $55,556.27 (2) $63,071.27 were being held in the First Missouri Bank of Cape Girardeau, MO and one certificate (1) $74,301.79 was being held in Wood and Houston Bank of Cape Girardeau, MO. Total of all three certificates is $192,929.33.
A savings account in the amount of $13,291.45 is deposited at Montgomery Bank of Cape
…show more content…
will place all involved funds from Certificates of Deposits and the Savings account into a savings account or he will reinvest these funds in a certificate of deposit until resolution of any disagreements is made.
The only outstanding items to be distributed related to the Lora Lee Eaker Trust are; funds from household items yet to be sold at a future yard sale and one (1) checking account that is valued at $10, 626.41 on May 11, 2016.
Page 1 of 2

The checking account is to remain open at Montgomery Bank until one year after the death of Lora Lee Eaker to pay any and all expenses or outstanding debts related to the estate.
This agreement relates only to the distribution of funds from the three remaining Certificate of Deposits and the one savings account.
Funds are being held in the Montgomery Bank of Cape Girardeau, MO in an account titled the Lora Lee Eaker Trust.
I have read the above letter concerning the distribution of funds from Certificates of Deposits and the savings account and agree and accept the terms as outlined in this agreement.

George W. Eaker Jr.___________________________ Date___________________________

Verna M. Eaker _____________________________ Date___________________________

Carol A. (Eaker) Kranawetter _____________________

Related Documents

  • Superior Essays

    With enough research and the aid of professionals who specialize in trust planning, one is able to find a trust that best fits individual and benefactor’s needs. The main points to remember between all of the listed types of trusts are the way the trusts are taxed, who the trusts are taxed to, when they are taxed and in whether they are able to be revised. Although these are not the only conditions to consider, it is a good starting point in order to have an effective and efficient plan to preserves assets and create a…

    • 1308 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Pa Walker Interview

    • 541 Words
    • 3 Pages

    She stated that her brother, Jasper Walker has the power of attorney now and has been taken care of her mother's finances. She stated that she did withdraw money from her mother's bank account in the past, but only in her mother's presence. She stated if now she has to withdraw money from her mother's account, she would only do it by her mother's request and only to pay her mother's bills. She stated that her mother receives social security and disability checks, which are getting deposited straight to her…

    • 541 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    She also stated that the number to the P.O. box would be 384, which she remembered easily as it was her locker number in school. Please see the attached correspondence in Exhibit C. A subpoena was requested and granted for access to the bank account records from SunTrust. The results are seen in Exhibit D. The sum of the deposits on each date are $148.23.…

    • 1242 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    He acted as the seller’s attorney on a property sale closing when he received the aforementioned amount of money. Similarly did Adoff, who used $73,000 from an attorney trust fund for a personal use. He referred to the payments as ‘commissions’ on checks in order to conceal the true nature of the…

    • 940 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    In the case of Al Minor & Associates, Inc v. Martin, Slip Opinion, Robert Martin was put on trial with claims that he had misappropriated trade secrets. What made this case interesting and distinguishable was that Martin did not tangibly misappropriate trade secrets, he just committed the information from the former company to his memory. Robert Martin was a former employee of Al Minor & Associates (AMA), which is a company that deals with designing retirement plans for clients. Martin’s position as a pension analyst allowed him access to these client lists while he was employed there and while he was still employed at AMA, he created his own company with similar services as AMA. When he left, he didn’t take any actual files or tangible information,…

    • 351 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Amy Rowley Case Summary

    • 436 Words
    • 2 Pages

    Historical Setting In a 1966 amendment to the Elementary and Secondary Education Act, the federal government began providing financial aid to states that provided education for children with disabilities. The program evolved into the Education of the Handicapped Act (EHA) of 1970. After a couple of lawsuits and an updated Act, the government determined that students with disabilities had the right to public education, and parents had the right to participate in the process (Wright, 2010). Amy Rowley, a first-grader with an auditory impairment, and her family filed suit against her school district in the Federal District Court after the New York Commissioner of Education affirmed the school district’s decision to refuse a sign-language interpreter.…

    • 436 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Edward Trump Downfall

    • 176 Words
    • 1 Pages

    During the Atlantic City casino boom in the 1980s, Philadelphia cabinet-builder Edward Friel Jr. landed a $400,000 contract to build the bases for slot machines, registration desks, bars and other cabinets at Harrah's at Trump Plaza. The family cabinetry business, founded in the 1940s by Edward’s father, finished its work in 1984 and submitted its final bill to the general contractor for the Trump Organization, the resort’s builder. Edward’s son, Paul, who was the firm’s accountant, still remembers the amount of that bill more than 30 years later: $83,600. The reason: the money never came.…

    • 176 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    It depends on a particular circumstances. If Phil does not will back the property to March, then the basis of the assets will be stepped-up to their value as of Phil’s date of death. In the event the property is willed back to Marcy, a step-up in basis still occurs if the date of the gift precedes the donee-spouse’s date of death by more than one…

    • 67 Words
    • 1 Pages
    Decent Essays
  • Great Essays

    Ms. Meshen signed deeds of gifts transferring her shareholders loans to the Joan Meshen Trust and the remaining real estate to the children…

    • 2206 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    Thank you for allowing Verizon Wireless the opportunity to respond to Ms. Jackson’s complaint. In her complaint, Ms. Jackson states had set up a payment arrangement for September 15, 2017, and requested her automatic payment set for September 13, 2017, be cancelled since it was set to a closed account. The payment was returned and she had to set a new payment date. I was assured my services would be secure until then. Then today my arrangement was removed and my account suspended.…

    • 510 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Ms. Cheryl Marland Northern Trust 2201 SE Kingwood Terrace Stuart, FL 34996 Dear Ms. Marland Enclosed is the Corporate Authorization Resolution document with signatures for the updated authorized AGENTS. Please remove Robert J. Lowe, past Governing Board Chairman and Putnam Moreman former Financial Director from the list of authorized list of AGENTS.…

    • 57 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    With more than 30 years of investment experience, Norman, is the founder and sole shareholder of La Jolla Cove Investors, Inc. (Fund I) After graduating at the top of his class from Wharton and Berkeley (MBA in finance), Norman, went on to hold numerous positions on Wall Street as an analyst for Value Line, Wertheim, and Lehman Brothers. He also was a Portfolio Manager for the #1 ranked Oppenheimer Fund. Norman has been the President of a commercial real estate brokerage firm and the Senior Partner of a private investment partnership.…

    • 91 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    20 years before Carlo Ponzi’s Postal Coupon scheme, Sarah Howe, a former fortune teller, was arrested in 1880 for opening up a “Ladies’ Deposit. Miss Howe was able to raise $500K from more than 1200 women, using some of the funds to pay off some investors and keeping the remainder for herself. Miss Howe promised deposits would earn 8% in interest a month. This would double the initial deposit in 9 months.…

    • 293 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Repayment Discussion – Cash Flow Repayment Discussion – Cash Flow: Collection of lease payments and earnings from the sale of equipment are the primary source of repayment. Management Case Discussion: Management does not and is not required to prepare projections. However, profits are expected to remain stable or increase since the Investment in Direct Financing Leases asset on the balance sheet continues to increase. This asset is a proxy for future performance since it is the PV of all future minimum Direct Finance lease payments. Many of these Direct Finance leases also convert to lucrative operating leases at the end of the initial term.…

    • 1893 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    So it’s evident that there is a fixed trust for Graham and a discretionary trust for Chloe where she has the discretion to share the collection amongst Freddie’s nieces. The certainty of intention to create a trust must be looked at. The…

    • 881 Words
    • 4 Pages
    Improved Essays