Centennial Bank v. Powell

Filing 90

ORDER: Joint report 89 noted. The Court appreciates counsel's continued collaboration. The Court authorizes Centennial Bank to sell Mrs. Stiny's vehicle. It must report to the Court about the sale, expenses, and proceeds by 6/29/2018. Wh en the parties meet and confer about the house and caregiver issues, they must also address the tax returns. Please figure out the best way to promptly amend any returns that need amending. The Court directs the Bank to keep Mrs. Stiny's personal property and effects securely stored. Distributing it among heirs, or selling it, has the potential to create more problems than it would solve. Signed by Judge D. P. Marshall Jr. on 4/20/2018. (jak)

IN THE UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF ARKANSAS
JONESBORO DIVISION
CENTENNIAL BANK,
Guardian of the Estate of
Mary Moore Stiny

v.

PLAINTIFF

No. 3:17-cv-226-DPM

RENA WOOD

DEFENDANT
ORDER

1.

Joint report, Ng 89, noted. The Court appreciates counsel's

continued collaboration.
2.

Mrs. Stiny doesn't need a car. It's in the best interest of all

concerned for the car to be sold. The Court authorizes Centennial Bank
to do so, by public or private sale, in whatever manner is best suited to
maximize the proceeds. The Bank must keep Wood informed. And it
must report to the Court about the sale, expenses, and proceeds by
29 June 2018.
3.

When the parties meet and confer about the house and

caregiver issues, they must also address the tax returns. Please figure
out the best way to promptly amend any returns that need amending.
The Court understands the Bank's position on the allegedly improper
payments to Wood. The tax treatment of those payments can't be

resolved, however, short of the decision on the merits.

So any

amendments on that basis must hang fire . The other tax-related issues
seem amenable to correction now. We'll see.
4.

The Court directs the Bank to keep Mrs. Stiny' s personal

property and effects securely stored. Distributing it among heirs, or
selling it, has the potential to create more problems than it would solve.
So Ordered.
v

D .P. Marshall Jr.
United States District Judge

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