- 7 - In the fall of 1996, documents were filed with the Superior Court of the State of California, County of Los Angeles, regarding the disposition of decedent’s property located in that State. Decedent’s wife filed a SPOUSAL PROPERTY PETITION, and later a SUPPLEMENT to such petition, requesting a “determination of property passing to the surviving spouse without administration” and a “confirmation of property belonging to the surviving spouse”. In connection with this action, an AGREEMENT ABOUT DISTRIBUTION OF DECEDENT’S ESTATE was filed with the Superior Court. The agreement was executed by each of decedent’s five sons in August of 1996 and recited that the residuary beneficiaries agree to allocate to Decedent’s spouse, FUNG WONG TUEN WAN, also known as NORAH FUNG, as her 3/8ths share of the Residue, all of Decedent’s right, title and interest in the Real Property [defined as the Monte Vista and Calle Victoria properties], and to allocate to each of Decedent’s children as his 1/8th of the Residue, 1/5th of that portion of the Residue located in Hong Kong. After an uncontested hearing, the Superior Court on December 3, 1996, issued an ORDER APPROVING SPOUSAL PROPERTY PETITION. The order confirmed the passing of the Monte Vista and Calle Victoria parcels to decedent’s surviving spouse and her ownership thereof. On the following day, December 4, 1996, decedent’s wife transferred the interest formerly owned by decedent that she received in these properties, as well as the Vernon parcel, to the Norah Fung Qualified Domestic Trust. The parties havePage: 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