- 10 - Emerson Winkler 25% Elizabeth Winkler 25% Thomas Winkler 10% Charlotte Sutter 10% Sharon Swartzendruber 10% Susan Litwiller 10% Darrell Winkler 10% 4. Death of a Partner. In the event that a partner should die, the partner's share of partnership distributions shall be paid to his or her estate. 5. Binding Affect [sic]. This agreement shall inure to the benefit of, and be binding upon the parties hereto and their respective heirs, legatees, administrators, executors, legal representatives, successors and permitted assigns. 6. Amendments. Amendments to this agree- ment shall become effective only if in writing, signed by all the partners. Although the partnership agreement is dated March 4, 1989, the agreement was not executed until March 8, 1989. On March 10, 1989, the E & E Family Partnership claimed the proceeds of the Lotto drawing. On or about March 16, 1989, the Illinois Department of the Lottery approved the E & E Family Partnership agreement and authorized payment of the proceeds to the partnership. The Winklers were the sole winners of the weekly grand prize of $6,463,166, which was to be paid in 20 annual installments. On February 12, 1990, Mr. and Mrs. Winkler each filed a United States Gift (and Generation-Skipping Transfer) TaxPage: 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