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Decedent leased office space at 2243-45 Sepulveda Boulevard
to commercial tenants until 1994 when the property was sold.
There was no landscaping on the 2243-45 Sepulveda property.
Decedent executed a deed granting a joint tenancy in the
property at 2243-45 Sepulveda Boulevard to Ann Van Tine on May
28, 1982. It was recorded on February 1, 1989. Thereafter, he
continued to receive all the rent on the 2243-45 Sepulveda
Boulevard property.
4. The Joint Tenancy Deeds
H. Louise Van Valkenberg (Van Valkenberg), Ebaugh's and
decedent's accountant, usually went to Ebaugh's office each month
to pick up and deliver paperwork. In 1982, Van Valkenberg
brought the joint tenancy deeds to Ebaugh and asked her to put
them in Ebaugh's safe deposit box and not record them. Van
Valkenberg told Ebaugh to write a note on each deed stating that
the transfer was for no consideration. Ebaugh did so. In
addition, Ebaugh wrote on the 7 Diamonte Lane property deed that
the transfer was a gift and the grantor received nothing in
return.
Van Valkenberg died in 1987.
In 1988, decedent sought estate planning advice from
Patricia Stoddard (Stoddard), an estate planning attorney,
because he was beginning to have early symptoms of Alzheimer's
disease. He wanted to arrange his estate while he had capacity.
Stoddard told decedent that he could make nontaxable gifts each
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Last modified: May 25, 2011