Posted by Cathy Gowdy on Saturday, September 13, 2014 at 06:47:20 :
May 4, 1973
Millions Tagged For Charity Use
Most of the $5.5 million estate of the late owner of the Casa Madrona Hotel and the Village Fair in Sausalito will go eventually to the Marin Humane Society, Elks Lodge 1108 of San Rafael and the University of California at Berkeley, according to a will filed for safekeeping yesterday in Marin Superior Court.
However, the three groups are second in line for the fortune of Floyd Dwaine Allensby of San Rafael, who died Sunday at the age of 78 after a long illness.
Allensby ordered three trust funds created. The income from one half the estate will go to Helen C. Reed of San Rafael, previously erroneously identified as Helen Allensby in the Independent-Journal.
Upon her death, what remains in the fund will go to the university as “the Floyd Allensby Fund” for arthritis research.
A similar arrangement leaves one quarter of the estate to the Elks Lodge upon the death of Allensby’s cousin, Katherine C. Meyers of San Mateo and one quarter to the animal shelter in Novato when another cousin, Amber Kirsh of Berkeley, dies.
However, Allensby exempted portions of his estate from the three bequests. Mrs. Reed is to receive Allensby’s home at 38 Mooring Road, and a neighbor, real estate broker Charles Parmelee, is to receive land at 36 Mooring Road.
E. K. Payntar of San Rafael was left the Ladd Ranch at Cache Slough in Solano County, the E Street apartments in San Rafael and Allensby’s gun collection.
Maude Driscoll of San Francisco is to receive $5,000.
Documents filed yesterday asking an early appointment of the administrator for the estate indicated Allensby’s estate, including $2.5 million in real estate, has an expected annual income of $150,000 a year.
In addition to the two Sausalito properties, he owned apartment buildings in San Rafael and San Francisco and buildings occupied by post offices in four cities.
Allensby was born in Lincoln, Neb., but came to California in 1914 and graduated from the University of California at Berkeley before launching a career as a real estate broker and investor.
He had lived 35 years in San Rafael and was a member of the Elks Club.
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