MJ Estate Fourth Accounting - Document & Summary
Thanks to our friends at LA, I was able to get the MJ Estate Fourth Accounting.
You can find my summary of the fourth accounting below. Document is linked below (I omitted the first few pages as they are pretty much the same as the previous accounting documents summarizing MJ Estate. )
MJ Estate Fourth Accounting document : https://www.scribd.com/doc/270231894/Mj-Estate-4th-Accounting
Summary of MJ Estate Fourth Accounting
Fourth accounting period covers January 1, 2013 to December 31, 2013. (First accounting covered June 2009 to October 2010, second accounting covered November 2010 to December 2011 and third accounting covered January to December 2012).
From third accounting we know that MIJAC debt is fully paid. No property was sold during the fourth accounting period.
Estate is not in a position to be closed yet. Executors are asking for administration of the Estate to be extended for one more year.
Inventory, assets and business activities are same as the previous accounting documents. There are still several probate claims against Estate that are ongoing. Estate tax dispute with IRS is another legal matter Estate needs to resolve as well.
Schedule D shows net income from trade or business during third accounting period (Jan 2013- Dec 2013) at $40,333,827. (Gross income is $67,407,156).
Payments to Katherine and MJ’s kids are as follows (Jan 2013 - Dec 2013)