Example

1,475.97 - 816.00 = 659.97

The accounting entanglement 1,475.97 - 816.00 = 659.97 is only one of many. It is used as an example because it is so obvious. All the notes except note 3 describe what are actually accounting entanglements. Please look at Jean Nader's correspondence to see all the entanglements the accountants had her carry out. Accounting entanglements by themselves make the accounting trails behind B467p191 impossible to expose.

[Bk0467  0193 follows]
DISBURSEMENTS  
 
Item Ckno
 
1  Colonial Emerg Phys (med bill)                             
1
10.40
 
      VOID 
 
Fairfax Circ Ct. letters 
3  
14.00
 
3  Jean M. Nader probate tax reimb   
4
   1,269.00
 
4 NationsBank Car loan payoff
5
    1,364.97
 
5  Checks   
15.89
 
6 Jean Nader int on Hallmark acct while dep in estate acct  
7
270.82
1
7 Commissioner of accounts Inventory  
8
  61.00
 
8  IRS 19911040 return
9
15,332.00
 
9 Va. Dept Tax 1991 return
10
2,856.00
 
10 Jean M. Nader, disb 
11
75,000.00
 
11 Jean M. Nader, bills pd SHE IS OWED 30 cents(?)
12
8,559.00
 
12  Sheila Ann O'Connell-Shevenell, disb 
13
75,000.00
 
13 Sheila Ann O'Connell-Shevenell, cem bill 
14
475.00
 
14  Anthony M, O'Connell, disb 
15
75,000.00
 
15 Anthony M. O'Connell int/disb 4/22-5/20 16
230.14
2
16 A. G. Edwards legal charge (debit fm div)   
40.00
 
17 IRS estimated Estate Tax 17
119,000.00
3
18  Virginia estimated Estate Tax  18
31,000.00
3
19 IRS 1991 income tax  19
28,334.00
 
20  Va Dept Tax 1991 amended return  21
5,712.00
 
21 National Fire Ins Co of Hartford Nuveen bond 22
169.26
4
22 U. S. Trust processing fee 23
20.00
4
23  Harold O'Connell Trust, appraisal  24
2,000.00
5
24  Jean M. Nader, disbursement 101
  33,000.00
 
25 Anthony M. O'Connell, disbursement 102
33,000.00
 
26 Sheila Ann OVConnell-Shevenell, dis  103
33,000.00
 
27 IRS est share of int due 91 amd tax 104¹
241.81
6
28 1988 Plymouth Van to Anthony O’Connell  
8,000.00
7
     
 
TOTAL DISBURSED  
  548,975.29
 
Vouchers in support of these disbursements are submitted herewith.
NOTES:
1.  Decedent: had a POD account in Hallmark Bank with Jean Nader. The bank erroneously paid the amount to the estate. This figure is the interest earned on that sum while in the estate account. (Accounting entanglement $270.82)

2.  This represents interest earned in the estate account on the amount of the disbursement while the disbursal was delayed. This is to equalize the disbursements among the legatees. (Accounting entanglement $230.14)

3.   Estimated tax was paid with an extension request. ($175,000.00 version and $119,000.00 version)

4.   Expenses incurred due to lost Nuveen certificate of ownership. (Accounting entanglements $169.26 and $20.00)
[Bk0467  0194 follows]

5.  Decedent owned a partial interest in 15 acres of land in Accotink.  The Harold O’Connell Trust owned the other share. The estate agreed to pay for the appraisal which hopefully will reduce the value of the tract by 50%. The beneficiaries of the Trust are the same persons as the devisees under the will and in the same shares. (Accounting entanglement imaginary $2,000.00. The estate did not pay for the appraisal)

6.  When the 1991 income tax was prepared by Edward J. White, Co- Executor, a large capital gain was omitted necessitating the filing of an amended return. $526.55 was assessed in interest by the IRS. The figure is the amount of interest earned by the estate while the amount due the IRS was in the estate bank account. The balance of the interest assessment was paid by Edward J. White. (Accounting entanglement $241.81)

7. Jean M. Nader and Sheila O’Connell-Shevenell agreed that the vehicle should be disbursed to Anthony M. O’Connell in addition to his 1/3 share of the remainder of the estate. (Accounting entanglement $8000.00 gift-estate tax interplay)