Substitute teacher becomes heir to $7.4m Carson City gold fortune

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Updated: 12/14/2012 8:38 pm

CARSON CITY, Nev. (AP) — Carson City officials say a substitute teacher from California is the only heir to a fortune of gold coins found in the home of reclusive cousin who died in June.

Genealogical researchers hired to find Walter Samaszko Jr.'s relatives determined Arlene Magdanz is the only living heir to what appraisers say is an estate worth more than $7.4 million.

The Nevada Appeal reports a court hearing is scheduled Tuesday in Carson City, when a judge is expected to certify Magdanz as the lone heir.

The 69-year-old Samaszko lived in Nevada's capital city since the late 1960s.

His body was found at his home in late June, and a cleaning crew found gold coins and bullion in the garage. There was enough gold to fill two wheel barrows.

 

©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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sosumenow - 12/17/2012 9:08 PM
0 Votes
As it stands estate tax affects only estates of considerable size (in 2011, over $5 million USD, and $10 million USD for couples) If the law is changed in this deal the federal estate tax exemption is set to drop to $1 million and taxed at %55 after that, stating next year. If she gets to claim it before the end of the year, which she might, she would be paying on the upper 2 million. Other wise it's one million plus %55 of the remaining 6.4 so it's really more like 4.52 million.

sosumenow - 12/17/2012 8:34 PM
0 Votes
The government made a huge effort to find and locate an heir that other wise would have never known a thing about it. She did not even really know the guy. Not bad, even if she pays taxes on it.

Speed - 12/15/2012 12:42 PM
0 Votes
What an awesome Christmas she'll have! I have to wonder what she'll have left after the Estate Double-Tax,the most unfair tax ever created. I'm thinking maybe 2.8 Million,still not bad.
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