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  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
  • In re the Trust of Willliam A. and Ardene V. Post Trust document preview
						
                                

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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 L. an I. Nae»: Pullttwnim‘ Filed in District Court State of Minnesota I Y ' iw-(luv I V . —‘ 8/17/2022 1:10 PM m I I mun 1 J I I I ; w“ wnl' m [ g I I a.“ u." Ml“! ” é "an!!! Y . m..- ; luv-mum}Ya. mun: In Mm “. tum-o ‘ +"I-.*‘ “ V ‘ I hau— mum-I... Mu‘dv 'ot‘m’lnh-m I I.» II... .M l. . fi'fii I 1 "h" ' ""' - " V 1 ‘ . «mm-mm mm): II\I\ ‘1 Lynx-:5.” Iw-mi-nvnu s nun: s nu s “‘9‘“ s “mum "5039“ 3 s I exam mun-m; III-I931; "mu-I Iqnuun I wine" 5 t 5man) —I ‘ ‘ m.— - .’“‘“°“ I "’5‘ "W” i AIs mm «In! ' n I um- amw mum-z 1 S I I"In-MllSvufllud [”5”]. I.” ....-.. v Innsserum t umu I I II": um»! 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I uunu luau-In- 1 «Ann rw-am Jud-H mum! wwnu ~u-unzl 1‘.“ la 1‘13}:SIII‘N'1‘” WI! 1211']! \fix‘ll :. L‘IIW . 9 nuaw l 1mm Ian I um: 5 mm 9 “no 5 Imu- .llflb—w I mac me an 1 AM I a: I un m I: s .A' ll W I ND 7“ 3 S ':c~r I». xI-m K In» Ian? 5 I“ I I 1' l I I HI)‘m I 5 I no I I I...HZ.»I _ I: 5 amino x I um»s “um I III-no 5 nmw ‘ (53'! lIliSW . Inna s nus: 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