1997-2011 Johnston Investment Counsel, Ltd.

Case Study: Investment Analysis)

Darin and Marilyn Kimbell are in their 50s. Darin is president and a signicant shareholder of a real estate rm. Darins
company was to be purchased by a larger rm. Darin would receive a premium for his shares, although sale of the new
stock would be restricted for some time. The Kimbells wanted to take advantage of estate planning opportunities since
their estate now exceed $20 million
Main Concern: Minimize the risk associated with the restricted stock
Client Objectives JIC Solutions
First Issue: Solution dsakljfalsj;sa lsafjlsafa lsafjlsafjals lsafjaslfjals salfjasl;fjasl;
asdfjl; asdj;asfj saldfjasl;fdj sadjfal;sfja dsajl; ajsfdl;ja l;asjfdl;asf ajfsl;daj
sadlfjl;sajfd
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
Second Issue: Solution dsakljfalsj;sa lsafjlsafa lsafjlsafjals lsafjaslfjals salfjasl;fjasl;
asdfjl; asdj;asfj saldfjasl;fdj sadjfal;sfja dsajl; ajsfdl;ja l;asjfdl;asf ajfsl;daj
sadlfjl;sajfd
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
Third Issue: Solution dsakljfalsj;sa lsafjlsafa lsafjlsafjals lsafjaslfjals salfjasl;fjasl;
asdfjl; asdj;asfj saldfjasl;fdj sadjfal;sfja dsajl; ajsfdl;ja l;asjfdl;asf ajfsl;daj
sadlfjl;sajfd
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
Fourth Issue: Solution dsakljfalsj;sa lsafjlsafa lsafjlsafjals lsafjaslfjals salfjasl;fjasl;
asdfjl; asdj;asfj saldfjasl;fdj sadjfal;sfja dsajl; ajsfdl;ja l;asjfdl;asf ajfsl;daj
sadlfjl;sajfd
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
1997-2011 Johnston Investment Counsel, Ltd.
1997-2011 Johnston Investment Counsel, Ltd.

Client Objectives JIC Solutions
Fifth Issue: Solution dsakljfalsj;sa lsafjlsafa lsafjlsafjals lsafjaslfjals salfjasl;fjasl;
asdfjl; asdj;asfj saldfjasl;fdj sadjfal;sfja dsajl; ajsfdl;ja l;asjfdl;asf ajfsl;daj
sadlfjl;sajfd
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf
ldsafjk; ldsaj;sa aslkjfdl;a alsfdjasl;fs jal;fjsaf jl;aj;safd lsadfjl;safd
al;sj;safd lsaj;sadf jasl;fjl;safd lsafjal;sfdja l;saj;sajf lsa;j;sajfd saj;saj
asdj;saf