- 51 -
As to the other transactions, none of these transactions
evidence a repayment contingency. Thus, we conclude that they
meet the first part of our analysis and turn to the second part.
We divide the remaining transactions as follows: (1) Remaining
transactions with or concerning Ms. Wong, (2) transaction with
Mr. Skauronski, and (3) transaction with Mr. Pasko.
Ms. Wong's remaining transactions do not meet the second
part of our analysis. We find no note or evidence of
indebtedness for the transactions. We do not find that she was
required to pay interest on the "loaned" amounts. We do not find
a fixed schedule of repayment, security, or collateral. We do
not find that the decedent or his estate demanded that she repay
any part of the "loaned" amounts, or that she actually repaid any
amount. We do not find that either she or the decedent
considered either transaction a loan. We conclude that Ms.
Wong's remaining transactions were not bona fide loans.11
As for the $25,000 transfer to Mr. Skauronski, we find
similarly. Although the estate presented evidence of a note
issued to the decedent for the transaction, we do not find this
"note" dispositive. We know nothing about Mr. Skauronski, but
his name. Although the estate contends that the estate made a
demand for repayment of the "loaned proceeds", the record does
11 Nor do we find that the subject amounts were paid to
Vivian Ballard Wong as compensation for services rendered.
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