Occidental Life Insurance Company (OF HOME CALIFORNIA OFFICE: 756 LOS SOUTH ) SPRING STREET ANGELES 510 Galer Place Glendale, Me Je & Me First California February 26, 1937. giving the tentative Se Browning Coe, Security Bank Bldg., Ogden, Utahe Attention: Gentlemen: Mr. Steckel 19, of February income. Thanks for your letter figures on Mrs. Olsen's 1956 1957, Have given this matter a hurried going over to determine the exact saving that will come: as a result of the transfer of the 244 shares to the Browning-Olsen Trustees Ltd., and making out reports accordingly. By taking the total income as reported by you from the Company and the J. M. Browning Pool and making an individual report for Mrse Olsen on this here total tax to pay to the Federal and California state depart- for head of family and three dependents. full exemption of $3700.00, On of the company stock, having by hand, other plus her crediting her with the afterimg $1699.91, be approximately ments would her other report income, the income from end then filing return trust on the 244 shares we effect a saving of about $600.00 taxes, besides having the advantages in the event of estate ance taxes accruing. By filing separate 291 only returns and shares for the in this year's and inherit- disbursing trusts, In view of the fact that affidavits were filed a year ago to the effect that 244 shares of the Je Me & Me Se Browning stock was being transferred to the Browning-Olsen Trustees Ltd., by gift and that gift tax reports have also been returned on this you should report your dividend disbursements accordingly and the separate income tax returns | should be filed on this basis. Your attention to the foregoing in the manner as outlined will appreciated. Sincerely oseph yours, E. Olsen is $600 saved } } Se be very much