[m-w] Re: Thanks!

  • From: Kathi Pieper <kathi.pieper@xxxxxxxxx>
  • To: m-w@xxxxxxxxxxxxx
  • Date: Wed, 6 May 2009 05:10:58 -0600

Thanks much Mike!  I appreciate the explanation and am sorry you couldn't
get the distribution split amongst all of us rather than have it hit your
income.  Sounds like your attorney has had some bad luck - glad to hear he
is doing better.

Take care and we'll talk soon.


On Tue, May 5, 2009 at 8:25 PM, Michael R. Martin <drsewnsew@xxxxxxxxxxx>wrote:

>  I realize there is some confusion over the resent checks. I'll try to
> splain it as best I can.
> The annuity was started in December of 2007, and went into effect in
> January of 2008. As best I can determine all "Fees and final costs" were
> waived and a check was made to me for the entire amount of $36,395.26 less
> 30% withholding for a final amount of $25,476.68 divided by 6 = $4,246.11 to
> each. I am responsible for all the taxes on the entire amount as reported to
> the IRS, and will receive that on a 1099-R form next year,  This is why I
> had them withhold the rest for taxes. I realize my CPA isn't the best, but
> she works cheap and knows enough people in that line to help us when needed.
> There may be another small amount later, when Mom's final tax return is
> filed and mine as well. More on that later.
> That brings up the will. I turned it over to a qualified lawyer who has had
> some personal health issues, what with emergency bypass surgery two days
> after I met with him for lunch. He's back on a limited basis this week and
> we should hear something soon. There may be another policy from
> I.O.Foresters, but I can't find out till the will is probated. That may be
> where the rest of what we talked about, and why the numbers don't seam to
> match up to expectations.
> The house. I've collected a market analyses and appraisal and we're looking
> at $160,000.00 as a basis for any future transactions. We've all had time to
> think about it and we need to get on with it. As I stated before, the timing
> isn't right to sell it. The lawyer is looking into what the proper method to
> get the most bang for each of us might be. I also have several Real Estate
> and Finance people checking into what the best way to go might be best. It
> all takes time and patience to sort it all out. I think we all agreed to
> wait till June to make the final call, and I still believe we should wait
> till then.
> I hope this helps with the confusion.
> Michael R. Martin
> ------------------------------
> Date: Mon, 4 May 2009 14:05:32 -0600
> Subject: [m-w] Thanks!
> From: kathi.pieper@xxxxxxxxx
> To: m-w@xxxxxxxxxxxxx
> Hello All!
> I just wanted to let you know that I received my check today for $4246.11.
> Thanks much!
> I have to say, I am a little curious how the dollar amount was determined -
> can you provide some detail?  I thought Mom had approx $50,000 in the CD -
> don't see how this netted to $4246.11 each when that equals $25,476.66.
> I also would like to know what is going on with the house.  I asked once
> before and only received a reply from Dan.  Mike - could you please let us
> know what is going on with the house?
> Thanks again - I know this has been a headache.
> Kathi
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