Frank DeArmon Whitney
2018Annual
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Pull out the substance of this filing.
What was filed
64
investments
11
positions
0
gifts
0
agreements
2
debts
3
reimbursements
1
income
1
spouse income
Named parties
- Person # 1
- Trust # (Trust of Decedant from Estate #1)
- Whitney Properties LLC
- Whitney Assets LLC
- Festival in the Park, Inc, (IRC section SOc) 3) organization)
- North Carolina State Bar LAMP Committee
- North Carolina Bar Association (Government & Public Sector Secon)
- May 20th Society (IRC section S01(cK3) organization)
- Charlotte Country Day School (IRC section SO1{c) 3) organization)
- Charlotte Bridge Home (IRC section SO1{c) 3) organization)
- University of North Caroling School of Law « Law Alumni Association
- Caliber Home Loans
- US Department of Education - Student ) Loan Program (daughters’ student loans)
- Association
- Shoo of Law
- National Center for State Courts
- UNC School of Law (Chapel Hill, NC)
- South End Kitchen Design Studio, LLC - salary
As filed
Rental Property £1, Davidson, NC — Rent
Whitney Properties, LLC
Rental Property £1, Sunset Beach, N( — Rent
Bank of America business accounts (Whitney Properties LLC) — Interest
Whitney Assets LLC — None
Rental Property #2, Sunset Beach, NC — Rent — Sold
Carolina Panthers Permanent Seat License — None
Co-author book, Lexis Law Publishing (no income since 2002), — None
Bank of America savings and checking accounts including spouse — Interest
USAA Bank checking & savings accounts including spouse & daughters — Interest
Bank of America Common — Int/Div
BB&T Federated Prime Fund accounts — Interest
Paragpn Bank checking account — Interest
Rydex Guggenheim S&P 500 Equal Weighted Index — Int/Div — Sold (part)
Estate #1, Charlotte, NC
X) Decedent's residence, Estate #1 Charlotte, NC
X) Bank of America Estate #1 Checking Account — Interest
X) Decedent's IRA: Merrill Lynch CMA account — Interest
X) Decedent's annuity: Genworth Financial Annuity account — Interest
X) Decdent’s Annuity: Transamerica Life Ins annuity account — Interest
Trust #1, Charlotte, NC
X) Abbvie Inc Shs — Int/Div
X) Altria Group Inc — Int/Div
X)Centurylink Inc Shs — Int/Div
X) Crown Castle Reit Inc Shs — Int/Div
X) Cisco Systems Inc Com — Int/Div
X) Coca Cola Com — Int/Div
X) Dow Inc Reg Shs — Int/Div
X) Dowdupont Inc Com — Int/Div
X) Domtar Corp Shs — Int/Div
X) Dover Corp — Int/Div
X) Enbridge Inc Com — Int/Div
X) Eaton Corp PLC — Int/Div
X) Emerson Elec Co — Int/Div
X) Fortive Corp Shs — Int/Div
X) Garrett Motion Inc — Int/Div
X) Honeywell Intl Inc Del — Int/Div
X) Intel Corp — Int/Div
X)JP Morgan Chase & Co — Int/Div
X)Konink! Phil NV Sh New — Int/Div
X) Eli Lilly & Co — Int/Div
X) Merck and Co Inc Shs — Int/Div
X) McDonalds Corp Com — Int/Div
X) Nucor Corporation — Int/Div
X) Procter & Gamble Co — Int/Div
X) Resideo Technologies Inc Reg Shs — Int/Div
X) Regions Finl corp — Int/Div
X) Sealed Air Corp (New) — Int/Div
X) Seapan Corp — Int/Div
X) Sonoco Products Co — Int/Div
X) Texas Instruments — Int/Div
X) United Techs Corp Com — Int/Div
X) Venizon Communications Com — Int/Div
X) Wevhaeuser Co — Int/Div
X) Waste Management Inc New — Int/Div
X) Merrill Lynch CMA Cash Account — Interest
X) American Beacon — Int/Div
X) Invesco S&P S00 Quality — Int/Div
X) Ishares Select — Int/Div
X) Ishares Russell Top 200 — Int/Div
X)SPDR S&P Dividend ETF — Int/Div
X) Vanguard Dividend — Int/Div
X)Vanguard FTSE Developed — Int/Div
X) Wisdomtree US Quality — Int/Div
Power of Attorney, Person # 1
Trustee, Trust # (Trust of Decedant from Estate #1)
Member, Whitney Properties LLC
Member, Whitney Assets LLC
Board of Directors, Festival in the Park, Inc, (IRC section SOc) 3) organization)
Advisory Member, North Carolina State Bar LAMP Committee
Council Member, North Carolina Bar Association (Government & Public Sector Secon)
Board of Directors, May 20th Society (IRC section S01(cK3) organization)
Board of Visitors, Charlotte Country Day School (IRC section SO1{c) 3) organization)
Board of Visitors, Charlotte Bridge Home (IRC section SO1{c) 3) organization)
Board of Directors, University of North Caroling School of Law « Law Alumni Association
Liability — Caliber Home Loans — Loan on Rental Property #1, Davidson, NC (Part VIL, Line )
Liability — US Department of Education - Student ) Loan Program (daughters’ student loans) — Student loans
Reimbursement — Association — 4/13/2018; 62112018 (© 6/24/2018 — Es YI II MEE ATE NCBA Annual Meeting
Reimbursement — Shoo of Law — dames: — AE BS TIS DL. ara TR ARS Law Alumni Association and as adjunct professor
Reimbursement — National Center for State Courts — 712112018 to 7126/2018 — Port of Spain, Trindad and Tobago — AS lecturer on anti-money laundering procedures — Travel, Lodging and Meals
Income — 2018 — UNC School of Law (Chapel Hill, NC) — SI15.999 84
Spouse's income — 2018 — South End Kitchen Design Studio, LLC - salary
Reimbursements for lodging from UNC School of Law for Law Alumni Association board and as adjunct professor of law: 1/11 to 2/12/2018: 1/18 to 1/19/2018;
1/25 10 1226/2018; 2/1 10 2/2/2018: 2/8 10 2/9/2018; 2/15 to 2/16/2018; 222 to 2/23/2018: 3/1/10 3/2/2018; 3/8 to 3/9/2018; 3/8 10 3/9/2018; 3/15 10 3/16/2018;
3/22 10 3/23/2018; 3/29 to 3/30/2018; 4/5 to 4/6/2018; 4/12 to 4/13/2018; 8/30 to 8/31/2018; 9/6 to 9/10/2018; 9/13 to 9/14/2018; 9/27 to 9/28/2018; IV] to
10/12/2018; 10/25 to 10/26/2018; 10/25 to 1026/2018; 11/2 to 11/4/2018; 11/15 to 11/16/2018; 11/29 to 11/30.
Whitney Propertiess LLC (Line 2 of Part VII) is a small holding company for vacation beach real estate, jointly owned by me and my two [Jil] 1» 2017.
in anticipation of selling Rental Property #2, Sunset Beach, NC (Line 6 of Part VII), my JI avd | transferred without any consideration or bargained for
exchange our ownership of Rental Property #2 out of Whitney Properties LLC into three separate LLCs, one LLC for each of the three [Jl] My LLC is
Whitey Assets LLC (Line § of Part VIT). Because this transfer was for tax planning purposes only and did not affect the real beneficial ownership of the Rental
Property #2, | mistakenly forgot to list that transfer in my Financial Disclosure Report for 2017. As anticipated, my]
and 1 did sell Rental Property #2 in
2018. | have reported that sale in Line 6 Part VII, with the seller of the property being Whitney Assets LLC, although | mistakenly failed to list the earlier transfer
of my mterest in Rental Property #2 from Whitney Properties LLC to Whitney Assets LLC in 2017. 1 note that Rental Property #1 remains under the ownership
of Whitney Properties LLC.
The assets in Lines 15 to 20 of Part VII are held by Estate #1. The Decendent from Estate #1 passed away on 12/12/18. 1am the Executor of Estate #1. Because
these assets are in Estate #1, there is no description of the type of transfer in Column D1 for these assets.
The assets in Lines 21 to 64 of Part VII are held by Trust #1, The Decedent from Estate #1 was the Trustee of Trust #1 until the Decendent's death on 12/12/18,
All the assets in Trust #1 were sequired over many years by the Decedent from Estate #1 before the Decendent's death on 12/12/2018, Upon Decendent's death,
the undersigned became both the new Trustee for Trust #1 and the Executor for Estate #1. Because these assets are in Trust #1, there is no description of the type
of trunsfer in Column D1 for these assets.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.