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32-CV-19-182
Filed in District Court
State of Minnesota
8/17/2022 1:10 PM
STATE 0F MINNESOTA DISTRICT COURT
COUNTY OF JACKSON FIFTH JUDICIAL DISTRICT
Court File No.: 32-CV-l9-182
In the Matter of the Trust Created under
Agreement By and Between William A.
Post and Ardene V. Post, Settlors, and
Catherine Hohenstein and Douglas
AMENDED FINAL ACCOUNT
Anderson, Trustees, dated September 30,
2011, named the William and Ardene Post
Minnesota Real Estate Trust.
We, Catherine Hohenstein and Douglas Anderson, state:
The Trustee's Amended Final Account covering the continuous administration of the
Trust from September 27, 2019, through July 15, 2022, is hereby filed with this Court and was
served by mail to Qualified Beneficiaries. The Final Account contains the following:
a. A statement of the total inventory and the total fair market value of the assets of the
Trust principal as of the beginning of the accounting period.
b. A complete itemized inventory of the assets of the Trust principal as of the end of the
accounting period.
c. An itemized statement of all income transactions during the period of such account.
d. A summary statement of all income transactions during the period of such account,
including the totals of all administrative fees from the Illinois/Wisconsin Trust administration,
taxes, Trustees’ fees, and attomeys' fees charged to income.
e. An itemized statement of all principal transactions during the period of such account.
f. A reconciliation of all principal transactions during the period of such account,
including the totals of liquidations and reinvestments of principal cash.
The accounting is set forth in Exhibits A through H, attached hereto, and made a part
hereof by reference.
Under penalties for perjury, wc declare or affirm that we have read this document and
know or believe its representations are true and complete.
32-CV-19-182
Filed in District Court
State of Minnesota
8/17/2022 1:10 PM
Dated: 12, 2022
W$W
August
Catherine Hohenstein, Petitioner and (Jo-Trustee
defied/R
Douglas finderson, Petitioner and Co-Trustee
Attorney for Petitioner
Patrick K. Costello
Costello, Carlson & Butzon, LLP
310 Main Street, PO. Box 929
Lakefield, Minnesota 56150
Telephone:507-662-6621
Fax 507-662-6623
Attorney License No.:0019124
L.)
32-CV-19-182
Filed in District Court
State of Minnesota
Shared Allocated Shared Allowted
' r r ‘ : -r 8/17/2022 1:10 PM
Dale Description , 5 .
1/16/2020 Real (or 2019 S 93,887.50 $ 93,387.50
Appraisal 5 5,608.00 5 88,279.50
1/13/2020 Interest 5 76.45 5 33,355,515
2/19/2020 Abstractzng 5 1,822.00 5 86,533.95
2/20/2020 RE 7.1105 5 10,767.00 5 75,766.95
Legal 5 12,500.00 5 63,266.95
3/11/2020 Surety Band 5 400.00 5 51355335
3/13/2020 Interest 5 82.00 5 62,948.95 /: n {A
'I .‘ //
7.16
4/13/2020 mares: 5 47.05 5 62,996.01
5113/2020 Interest 5 41.31 S 63,037.32
EXflIBIT
5/13/2020 RE hires S 10,306.00 5 52,731.32
5/10/2020 1911:“ 5 69,731.32
3,000.00'
Ttee ~11r1nenstcin S 5 4533132
nee - Anqerson 5 3,000,09'
3,000.00 5 43,731.32
6/12/2020 Inrercst
. 5 26.02 S 43,757.34
7/13/1010! Interest 5 13.29 s 43,775.63
8/13/2020 Interest 5 15.67 S 43.791.30
9/11/2020 Interest 5 14.84 5 £3,806.14
10/7/2020 Bank/«.1000! g 5 1,536.38
12.64
1 45,342.52
45,355.16
10/13/2020 lnlereit $ 1
10/20/2020 Surveying-Knips 5 . 1,435.00
1 43,920.16
10/22/2020 legal 5 5,000.00 1 38,920.16
11/11/2020 REYanes 5 13,419.00 1 25,501.16
11/13/20 111191851 5 10.73 1 25,511.89
12/14/20 Rent 5 18,000.00 5 43,511.89
11/11/20 Inrerest S 5.75 s «13,517.54
llee-uahenstein
1/19/21 5 2,500.00 5 41,017.64
flee - Anéerscn 5 2,500.00 5 3851 7.64
113113! 5 10,000.00 5 28,517.64
Rent 5 18,700.00 1 47,217.64
Rent 5 27,000.00 1 74,217.64
Rent 13,500.00 1 87,717.64
Rent 5 10,687.50 1 93,405.14
Item 5 6,000.00 5 104,405.14
1/13/2021 Interest 5 7.08 5 104,412.22
Surety Bond
2/15/2021 5 620.00 S 103,792.22
Interest
2/12/2021 12.53 S 103,804.65
Interest
3/11/2021 11.95 1 103,816.60
' 39.06660
Ied Taxl2020)
4/15/2021 S 42,790.00 S
21,560.00
11
1/15/2021
51012 1111120201 5 16.731.00' 5 22,335.60
“07811511420211
4/15/2011 S 40,000.00I S (17,666.40)
Stale Ya: Est/2021)
2/15/2021 5 14,100.00 5 {31,764.40}
trans/ram Knins
4/15/2021 5 50,000.00 18,235.60
lnteresl
4/13/2021 5 13.23 18,248.83
SIG/2021 legal 5 15,000.00 3,248.83
516/2021 Yransftcm Knins S 200,000.00 203,248.83
051.1105
5/6/2021 5 4,512.00 198,736.83
576/2021 Mcauntanz 5 868.00 197,868.83
Fan/151112021)
5/6/2021 S 40,000.00' 157,868.83
State Tax 81.12021)
SIS/2021 5 14,100.00 143,768.33
Interest
5/13/2021 5 13.81 143,782.64
lnteresx
5711/2021 1 18.81 141801.45
Trans 1mm Knias
7/16/2021 1 250,000.00 5 393,801.45
rnterest
7/13/2021 17.73 5 393.819”
Fed‘l'axtZOZO]
7/16/2021 5 394.29 S 393.424.89
Thrivent Ttust S 187,399.76 5 206,025.13
8/13/2021 Interest 25.20 1 206,050.33
9/13/2021 Inlerest 8.75 ‘1 206,059.08
10/13/2021 Inlercs: 8.47 . 206,067.55
RE Taxes
11/12/1021 5 4,512.00 1 201,555.55
Interest S 8.75
‘ 201,564.30
11/12/2021
Rent -KelIv Farm
12/9/2021 5 12,267.90 1 213,832.20
12/20/2021 fed 1'01 81.120211 5 21,772.00
53,228.00”: 1 133,832.10
12/20/2021 San: tax Est/2021} S 23,882.00] 5
4,318.00 105.632.20
12/13/2021 lute/6&1 S 8.37 105,640.57
Ran: - Web/:1 farm
12/22/2021 5 15,500.00 121,150.57
Ihrivent Trust
1/13/2022 5 29,840.00 1 91,300.57
CNASurety Bond
1/18/2022 S 620.00 1 90,680.57
1/13/2022 Interest 51 1 90,687.54
2/11/2022 Interest 355114} 5 90,602.68
3/11/2022 Interest 5 90,696.24
4/18/2022 Oreaun KviInauge accounting 5 550.00 5 90,146.24
4/13/2022 Inrcresz 50.1.:111851 S 90,150.09
0/25/2022 Fed T311202“ 5 80,448.35 5 170,598.44
5/11/2022 RE Tales 5 4,758.00 5 165,840.44
sm/zon rnleres: s::‘::z-:smé l s 165,846.15
flee-Anderson
6/9/2022 17.000.00l s 143,846.15
Tit-e . Hohenslcin
6/9/2022 17,000.00I 5 131,846.15
6/9/2022
leg-1| 43,000.00] 88,846.15
Accounting-JP
1/12/1022 500.00] 33,246.15
Fed 11112021} , 32,063.06 56,183.09
6/16/2022 '1
Interest S" 55119012
6/13/2022
1“ ~ I.; ; 5 46,190.12 5 10,000.00
7/12/2022 dist/ibutr’cr-
5 5
$20,297.33 277,767.90
5 S
38,580.23 49,435.00
s 130,443.35)
5 658.8138
5 (611,941.76)
s 46,190.12
32-CV-19-182
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State of Minnesota
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32-CV-19-182
Filed in District Court
State of Minnesota
8/17/2022 1:10 PM
Amended
EXHIBIT C
Distribution from
William A. and Ardene V. Post
Minnesota Real Estate Trust
Property Description: "Voehl Farm” 160 acres - SWM Sect-24 Twp-102 Range O37
Principal
Net Proceeds from sale of property to Goody’s Farms, LLC 1,556,878.32
Increases to Assets:
$$$$
*
Interest 159.54
*
Rent 55,726.40
*
Account balance transfers 14, 163.90
Total Increases 70,049.84
Decreases to Assets:
*
Administrative Expenses (3,290.61)
Lega|* (26,264.34)
*
Trustee’s Fees (13,354.75)
Real Estate Taxes (8,490.00)
*
Federal Taxes (39,478.72)
*
State Taxes (20,421.79)
Thrivent Expenses * (64,470.72)
*
Accounts Payable Reimbursement (148,386.10)
Federal & State Taxes - Capital Gains portion (26,090.00)
Total Decreases (350,247.02)
Net Assets on Hand 7/15/2022 $ 1,276,681.14
*
Pro-rated based on appraised farm values
32-CV-19-182
Filed in District Court
State of Minnesota
8/17/2022 1:10 PM
Amended
EXHIBIT D
Distribution from
William A. and Ardene V. Post
Minnesota Real Estate Trust
Property Description: “Voehl Farm" 110 acres - NW ’/.Sect 25 Twp-102 Range-037 EXCEPT
West 50 acres
Principal
Net Proceeds from sale of property to Dale & Jan Knips 834,450.06
Increases to Assets:
$$$$
Interest * 104.46
*
Rent 36,487.37
*
Account balance transfers 9,273.94
Total Increases 45,865.77
Decreases to Assets:
*
Administrative Expenses (2,154.56)
Lega|* (17,195.81)
*
Trustee’s Fees (8,744.14)
Real Estate Taxes (5,317.00)
*
Federal Taxes (25,849.04)
*
State Taxes (13,371.35)
*
Thrivent Expenses (42,212.79)
*
Accounts Payable Reimbursement (97,157.14)
Federal Taxes - Capital Gains portion (21,960.00)
Abstracting (1,435.00)
Total Decreases (235,397.83)
Net Assets on Hand 7/15/2022 $ 644,918.00
*
Pro-rated based on appraised farm values
32-CV-19-182
Filed in District Court
State of Minnesota
8/17/2022 1:10 PM
Amended
EXHIBIT E
Distribution from
William A. and Ardene V. Post
Minnesota Real Estate Trust
Property Description: "Rademacher Farm" 74.01 acres - half of W 1/2 SW Z EXCEPT 11.98 acres
and NE% SW% and SW% NW‘/a
"Albert Post Farms" 76.83 acres - NE % NW‘/4 Sect -25 Twp-102 Range-
038 (4O acres) and SE‘A SW% EXCEPT 3.17 acres, Sect-24 Twp-102 Range-O38 {36.83 acres)
Principal
Net Proceeds from sale of property to John Post 907,640.91
Increases to Assets:
lnterest* 152.87
Rent* 53,395.09
*
Account balance transfers 13,571.35
Total Increases 67,1 19.31
Decreases to Assets:
Administrative Expenses* (3,152.95)
Legal* (25,165.57)
*
Trustee's Fees (12,796.05)
Real Estate Taxes (6,964.00)
*
FederalTaxes (37,827.12)
*
State Taxes (19,567.44)
*
Thrivent Expenses (61,773.59)
*
Accounts Payable Reimbursement (142,178.36)
Total Decreases (309,425.08)
Net Assets on Hand 7/15/2022 $ 665,335.14
*
Pro-rated based on appraised farm values
32-CV-19-182