- 5 -
original trust, and Hillgren was named as the beneficiary. The
“Schedule I” attached to the original trust specified the
property that was transferred to the trust and included shares of
stock in Sea Shell Properties, Limited (Sea Shell Limited), and
unspecified real estate partnership interests. On November 24,
1986, decedent executed a durable power of attorney, appointing
Hillgren as her agent.
Business Entities
Prior to 1988, decedent, as trustee of the original trust,
owned a California corporation, Sea Shell Limited. In December
1988, Sea Shell Limited dissolved, and all of its assets were
distributed to decedent as trustee of the original trust.
Decedent then conducted business as a sole proprietor under the
name Sea Shell Properties. (“Sea Shell” will be used to refer to
Sea Shell Properties and its predecessor and related entities
that were essentially controlled by decedent and bore names used
interchangeably in referring to decedent’s business activities.)
On December 12, 1997, after decedent’s death, Hillgren filed a
fictitious business name statement in California for Sea Shell
Limited, naming decedent as the registrant.
As of the date of decedent’s death, Hillgren had worked in
the real estate industry for 27 years. Prior to December 1986,
Hillgren established, merged, and dissolved various entities,
some with similar names, to conduct his real estate activities.
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