From: Liz <email@example.com>
To: Wayne King
Cc: Barbara Lochner
Sent: Wednesday, November 1, 2006 1:34:56 PM
Subject: Re: topic of the day
I know they gave me 4K in 1982 in the fall. I assume they also gave you two money because that's what they always did.
Wayne King > wrote:
Before you two work yourself into a heart attack, think about the following and decide how much you think is "missing".We have a 22K, interest payment loan for partial purchase on one of the condos. I seem to remember Adam receiving 4K for college, and me receiving, I believe a total of 20K in 2 installments, 10K of it being used for this lot and another 10K as a gift. That's 46K.I assume both of you have received like gifts or existing loans.All their major purchases have been made with cash. That is house, car, motor home (18K), small motor home (15K), little house, etc.While Daddy's memory is suspect, Mother's is pretty good, missing the part that formulates words, which is not the same. Having a few hundred dollars laying around in travelers checks is not a big deal. That is the way they paid for their trips.I will stop at the CPA's today and see what information they have. Their tax return will list any interest income from anything other than Lee Bank and FNB. Gail, passive income is what the name indicates, in that they have no active involvement to create the income, which is different that interest or dividends income which must be reported. They have primarily live in two places for 60 yrs, so it's pretty unlikely that interest statements haven't made it here.I will let both of you know after I look at the tax return. With the exception of digging up the farm with a shovel, let me know if you have a new idea and I will either get the information or find a name and number for you to talk to.My initial cut is what you see is what you get. They elected to share there savings with us during those years they felt we needed it. It can't be had both ways.