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Stutz for $13,800, for Nancy's use. Nancy bought the Jeep new in
1977 for $11,495; Sheldon gave her the money to pay for it.
Sheldon bought furs and jewelry for Nancy. Sheldon and
Nancy took vacations, including the following: (1) Five days,
Aruba, Jan. 1978; (2) 7 days, France and Monte Carlo, July 1979;
and (3) 5 days, Antigua, Aug. 1981.
Nancy and Sheldon jointly owned a house in Cincinnati, Ohio.
Nancy's sister had been unable to qualify for a mortgage loan on
this house, so Nancy and Sheldon took out the mortgage loan.
Nancy's sister sent checks to Nancy, to reimburse Nancy for the
mortgage payments. When Sheldon died, the Cincinnati house was
worth $40,000 and was encumbered with a $22,000 mortgage.
Sheldon had open heart surgery in 1977 at age 34; he died on
August 9, 1986.
Business Activities
Both before and during his marriage to Nancy, Sheldon
conducted his business activities from his office at Dawn Joy.
Nancy was not involved in Sheldon's business activities.
Occasionally Nancy visited Dawn Joy socially. Nancy usually
stayed in the showroom portion of the facilities. She did not
know specifically where Sheldon's business records were kept, and
she did not look at these records.
Sheldon, Sheldon's father, and Martin Stein (hereinafter
sometimes referred to as Stein) began Dawn Joy in 1969. In June
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Last modified: May 25, 2011