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signed a quitclaim deed by which they transferred to Highlander
Property Enterprises units 3 and 7 of the Three Crowns Hotel,
which had not been the subject of the Florida Circuit Court
action.
At a time not disclosed by the record, Mr. Monsour and other
stockholders of Azure Tides, Inc., were forced to sell that
corporation to a hotel chain.
On March 2, 1988, petitioner and Mr. Monsour signed a
continuing guaranty with respect to Georgetown Square, Ltd.,
which provided that they jointly and severally guaranteed the
payment of any and all obligations and indebtedness of Georgetown
Square, Ltd., pertaining to a $500,000 mortgage.
At a time not disclosed by the record, the mortgage on the
Three Crowns Hotel Back Court was foreclosed.
Starting around 1989, pursuant to the prenuptial agreement,
petitioner asked Mr. Monsour to make her the joint owner of at
least certain of Mr. Monsour’s assets, and Mr. Monsour agreed to
do so. As discussed below, pursuant to petitioner’s request, Mr.
Monsour made certain transfers of Mr. Monsour’s assets to peti-
tioner (Mr. Monsour’s transfers).3
In 1989, Mr. Monsour transferred to petitioner one-half of
3The record establishes that Mr. Monsour made certain other
transfers to petitioner but does not establish which of Mr.
Monsour’s assets were included in those transfers. The record
does not establish whether Mr. Monsour made any additional
transfers of Mr. Monsour’s assets to petitioner.
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Last modified: May 25, 2011