- 8 - that the fair market value of Dolores as of the date of decedent's death was $435,000. As of June 15, 1992, there was a mortgage loan balance from American Savings on the Dolores property of $79,387.24. On March 27, 1985, decedent and Ms. Friedeberg acquired property located at 84 Onondaga Street, San Francisco, California, as joint tenants for $245,000. A downpayment of $47,817.16 was made as part of the Onondaga purchase transaction. Part of the downpayment consisted of a $100 check signed by Ms. Friedeberg dated February 15, 1985, drawn from an account held at Bank of America.3 The remainder of the downpayment was paid with two checks drawn upon a joint account in the names of decedent and Ms. Friedeberg with Continental Savings and Loan dated February 27 and April 25, 1985. As part of the purchase transaction, decedent and Ms. Friedeberg signed a promissory note for $196,000 payable to the World Savings and Loan Association as lender. The parties agree that the fair market value of Onondaga as of the date of decedent's death was $340,000. In addition to land and buildings, decedent and Ms. Friedeberg maintained joint bank accounts and purchased a number of certificates of deposit with funds drawn from those accounts. On April 6, 1979, Ms. Friedeberg closed her personal savings 3It is not clear whether the account from which the $100 was drawn was a joint account; decedent's name appears at the top of the check, and Ms. Friedeberg signed the check.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011