# David Rasmussen Hansen

> Federal judicial disclosures.

URL: https://www.frixlaw.com/law-library/disclosures/28105

## Record

- **Judge:** David Rasmussen Hansen
- **Year:** 2010
- **Pages:** 8

## Text

Shares-Templeton Growth Fund, Inc — Int/Div — Bght
Units Consolidated Capital Limited Partnership — Part VIII
One-halfinterest” farm Hardin County, lowa — Rent
Rental Duplex-lowa Falls IA Sold 2005- reported 2005 report
Principal Life Insurance Policies Cash Surrender Values — None
Certificate of Deposit, Mt. Vemon Bank, Mt. Vemon, lowa — Interest
Savings Account Mt. Vemon Bank, Mt Vemon. lowa — Interest
Savings Account Mt. Vemon Bank, Mt Vemon, lowa — Interest
PrninFinGrpStock issued on demutualization — Int/Div
Lutheran Brhd Life Insur policies cash surr value — None
Amerus Life Insur Policy cash surrender value — None
Real Estate Contract (Sale of Rental Duplex #4 above) — Interest — Part VIII
Partner in Farm Rental-Partnership-See attached letter of explanation, lowa Falls, IA
Agreement — 1.3/1/71 — Hansen and Lindsay 50-50 Farm Partnership
Honorable John H. Pratt

Chairman,

Judicial Ethics Committee

Judiciary Conference of the United States

811 Vermont Ave., N.W.

Washington,

D.C.

20544

Re:

WIN-GIN Farms

Dear Judge Pratt:

Your letter of April 6

1990 is received.

In 1971, while a practicing lawyer in Iowa Falls,

Iowa, I purchased as an investment an undivided one-

half interest in a 120 acre Iowa farm

The other

undivided half interest is owned by

In ord

to jointly manage our: un

vided

interests;

and I formed a 50-50 partnershi

we call WIN-GIN Farms which is a passive conduit which

receives the cdsh rent from the farm, pays the

insurance,

taxes, and repairs, and passes through the

nat rental income to each of us equally.

The

partnership does not own tha real estate.

we do not

arm the grourid but have always rented it for cash rent

to long time farmer tenants.

WIN-GIN Farms" produces no

It

crops,

raises no livestock, and sells no:products.

is the management device by which

and I

hava chosen to afficiently manage our équal

- but

undivided interests in the real estate.

We both do the

occasional weekend small repairs such as fixing fence

and painting which are required. to maintain the

property and I prepare the annual Federal and Iowa

state income tax returns for the .partnership and see to

their filing.

The total gross income from the rents

last year was $8,100 and after expenses wa netted about

$6,000 that was split equally between us.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/disclosures/28105. Public record. Not legal advice.