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Date: Thu, 20 Jun 2024 19:45:11 -0700
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From: Curtis Andrews <andrewscc@aol.com>
Subject: TEDRA
To: DAP AERO <craig@dapaero.com>
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Craig, please review before sending to Andrea


Dear Andrea

We have had discussions with our accountant, several scholarship 
endowment funds, some museums and Mike Prior.   We are in agreement that 
it is best to reduce the total estate to four million, and for Bonnie to:


  * Immediately change her Will to remove all Priors and remove the one
    half of her estate going to legacy fund.
  * Next month: give the house in Moses Lake to Mike Prior.
  * August:  finish valuing the estate and meet with tax adviser  to
    make final decisions on what goes in Clyde's trust.
  * September: Decide if prudent to give $400k each to both Prior boys
    and the terms of the trust.

We would like to give Mike a draft TEDRA  for his review.  Please change 
the following:   A- Remove the yellow highlights.  B-  If Curt or Craig 
die without descendants, their share is put in the scholarship endowment 
fund. C-  TERM #5,  We understand this agreement technically deals with 
Clyde's trust, but please clarify that it is Bonnie giving the house to 
Mike as his rightful share of the total estate.  This agreement DOES 
constitute an acknowledgement of an advance inheritance from Bonnie.   
Mike recognizes that he is not named in her estate plan , not for lack 
of....

We fully expect that Bonnie will give the two Prior Boys their 
inheritance in advance.  Removing them from the Will now makes this 
process cleaner.  We will use the same TEDRA agreement, except the funds 
will put in a trust.  We will put the Oregon house on the market to sell 
it for cash to give to boys.

Bonnie's estate is divided equally between Curt and Craig. Add some 
language that states the Clyde and Bonnie Andrews request that a quarter 
of their total estate be given away as funds are available.

We have not been impressed with our discussions with the endowment 
funds, and we don't want to be forced to sell real estate to get cash to 
fund the legacy funds, so with Priors out of the estate process, Curt 
and Craig can give to scholarships or other non profit gifts annually as 
desired by their parents.

  We are going to place in Clyde's trust, real estate that will probably 
not be sold, that includes: Battleground townhouses #106  $420k, #110 
$415, #112 $428, 30 acre farm, and stock to make it total $2.18m   We 
expect to have final farm value end of July.

  Please provide a draft of Bonnie's new Will for our tax advisor to 
review ASAP. We would like to meet with you at 9AM on July 8th to 
finalize these next steps.


-- 
Thank You

Curtis Andrews
1336 E Oak St.
Othello WA 99344
andrewscc@aol.com
509 346 8108

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    <p><font face="Times New Roman, Times, serif">Craig, please review
        before sending to Andrea <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Dear Andrea<br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">We have had
        discussions with our accountant, several scholarship endowment
        funds, some museums and Mike Prior.   We are in agreement that
        it is best to reduce the total estate to four million, and for
        Bonnie to:  <br>
      </font></p>
    <p><br>
    </p>
    <ul>
      <li><font face="Times New Roman, Times, serif">Immediately   </font><font
          face="Times New Roman, Times, serif">change her Will to remove
          all Priors and </font><font
          face="Times New Roman, Times, serif">remove the one half of
          her estate going to legacy fund. </font></li>
      <li><font face="Times New Roman, Times, serif">Next month: </font><font
          face="Times New Roman, Times, serif">give the house in Moses
          Lake to Mike Prior. <br>
        </font></li>
      <li><font face="Times New Roman, Times, serif">August:  finish
          valuing the estate and meet with tax adviser  to make final
          decisions on what goes in Clyde's trust.  <br>
        </font></li>
      <li><font face="Times New Roman, Times, serif">September: Decide
          if prudent to give $400k each to both Prior boys and the terms
          of the trust.</font></li>
    </ul>
    <p><font face="Times New Roman, Times, serif">We would like to give
        Mike a draft TEDRA  for his review.  Please change the
        following:   A- Remove the yellow highlights.  B-  If Curt or
        Craig die without descendants, their share is put in the
        scholarship endowment fund. C-  TERM #5,  We understand this
        agreement technically deals with Clyde's trust, but please
        clarify that it is Bonnie giving the house to Mike as his
        rightful share of the total estate.  This agreement DOES
        constitute an acknowledgement of an advance inheritance from
        Bonnie.   Mike recognizes that he is not named in her estate
        plan , not for lack of....    <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">We fully expect that
        Bonnie will give the two Prior Boys their inheritance in
        advance.  Removing them from the Will now makes this process
        cleaner.  We will use the same TEDRA agreement, except the funds
        will put in a trust.  We will put the Oregon house on the market
        to sell it for cash to give to boys.  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Bonnie's estate is
        divided equally between Curt and Craig.  </font><font
        face="Times New Roman, Times, serif">Add some language that
        states the Clyde and Bonnie Andrews request that a quarter of
        their total estate be given away as funds are available.    </font></p>
    <p><font face="Times New Roman, Times, serif">We have not been
        impressed with our discussions with the endowment funds, and we
        don't want to be forced to sell real estate to get cash to fund
        the legacy funds, so with Priors out of the estate process, Curt
        and Craig can give to scholarships or other non profit gifts </font><font
        face="Times New Roman, Times, serif">annually </font><font
        face="Times New Roman, Times, serif">as desired by their
        parents. <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"> We are going to place
        in Clyde's trust, real estate that will probably not be sold,
        that includes: </font><font
        face="Times New Roman, Times, serif">Battleground townhouses
        #106  $420k, #110 $415, #112 $428</font><font
        face="Times New Roman, Times, serif">, 30 acre farm, and stock
        to make it total $2.18m   We expect to have final farm value end
        of July.  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"> Please provide a
        draft of Bonnie's new Will for our tax advisor to review ASAP.  
        We would like to meet with you at 9AM on July 8th to finalize
        these next steps.   <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"> <br>
      </font></p>
    <pre class="moz-signature" cols="72">-- 
Thank You

Curtis Andrews
1336 E Oak St. 
Othello WA 99344
<a class="moz-txt-link-abbreviated" href="mailto:andrewscc@aol.com">andrewscc@aol.com</a>
509 346 8108</pre>
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