Letter from Rebecca with the amendment

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14 Pinckney Mews, Suite 300
Madison, WI 53703

Stannard & Hoyt, S.C. (608) 555-0115
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October 13, 2023

Mr. and Mrs. Raymond Ostrander, 1846 Hawkstone Drive, Madison, WI 53711

Dear Peg and Ray,

Enclosed is your copy of the First Amendment to your trust, which you signed here on October
10. The original is in our vault with the trust agreement, your wills and your powers of
attorney.

The amendment does three things. It gives $15,000 to every grandchild, so that June is treated
like the other five. It keeps the cabin in the family instead of selling it: the three children
receive it together, it cannot be sold for five years unless all three agree, and $60,000 is set
aside for its taxes, insurance and upkeep. And it sends the dog to Kate with $5,000.

Three things for you to do:

1. Retirement accounts. You told me that each of your IRAs names the other of you first
and the three children equally second. The trust should not be the beneficiary of either IRA.
Please ask Tom Kittleson to send you the beneficiary forms on file at Pemberwick and check
that they say so.
2. The boats. Both boats are titled in Ray's name alone and are not in the trust. That is
acceptable for now, but it means they would pass under Ray's will. If you would like them to
follow the cabin, call me.
3. Review. Look at the plan again after any birth, death, marriage or divorce in the family,
and in any case within five years, by October 2028.

Our invoice for $650.00 is enclosed.

With best wishes,

Rebecca L. Stannard

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Letter from Rebecca with the amendment Document · saved Oct 16, 2023

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only_in_file Facts that are in no record field but overlap across files, in different words. The appraised values of the Omega ($4,150) and the pearls ($1,900) are in the 2024 appraisal and on the valuables schedule; the 2016 appraisal has older figures. The successor trustees and the specific gifts are in the trust. What happens to the cabin is in the trust (sold), in the amendment that replaced that paragraph (kept by the three children; the saved amendment is a scan with no text) and in the lawyer's letter that explains the amendment. Ray's 2026 required withdrawal ($28,012.02) is on the IRA statement and in the advisor's letter, and the 2025 tax summary gives it as "about $28,000". The porch change order is in the contract; the receipt says only that the porch came in $800 over.

mismatch Paragraph 7.2 of the 2019 trust says the cabin is to be sold. The 2023 amendment replaced that paragraph: the cabin goes to the three children, cannot be sold for five years unless all agree, and $60,000 is set aside for it. The amendment is right. The trust also names five grandchildren for the $15,000 gifts; the amendment makes it every grandchild, so June is included.

attachments.yaml

record: doc-stannard-letter-2023
template: document
org:
name: Stannard & Hoyt, S.C.
lines:
- 14 Pinckney Mews, Suite 300
- Madison, WI 53703
phone: '6085550115'
web: stannardhoyt.example
color: '#2f3e55'
body: "October 13, 2023\n\nMr. and Mrs. Raymond Ostrander, 1846 Hawkstone Drive, Madison, WI 53711\n\n\
Dear Peg and Ray,\n\nEnclosed is your copy of the First Amendment to your trust, which you signed here\
\ on October 10. The original\nis in our vault with the trust agreement, your wills and your powers\
\ of attorney.\n\nThe amendment does three things. It gives $15,000 to every grandchild, so that June\
\ is treated like the other\nfive. It keeps the cabin in the family instead of selling it: the three\
\ children receive it together, it cannot\nbe sold for five years unless all three agree, and $60,000\
\ is set aside for its taxes, insurance and upkeep. And\nit sends the dog to Kate with $5,000.\n\nThree\
\ things for you to do:\n\n1. **Retirement accounts.** You told me that each of your IRAs names the\
\ other of you first and the three\n children equally second. The trust should not be the beneficiary\
\ of either IRA. Please ask Tom Kittleson\n to send you the beneficiary forms on file at Pemberwick\
\ and check that they say so.\n2. **The boats.** Both boats are titled in Ray's name alone and are not\
\ in the trust. That is acceptable for\n now, but it means they would pass under Ray's will. If you\
\ would like them to follow the cabin, call me.\n3. **Review.** Look at the plan again after any birth,\
\ death, marriage or divorce in the family, and in any\n case within five years, by October 2028.\n\
\nOur invoice for $650.00 is enclosed.\n\nWith best wishes,\n\nRebecca L. Stannard\n"