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attorney. Mr. Gulig also developed a close personal relationship
with decedent after the death of Mrs. Strangi. Every morning,
Mr. Gulig would visit decedent to have coffee and read the
newspaper.
SFLP and Stranco
On August 11, 1994, Mr. Gulig attended a seminar provided by
Fortress Financial Group, Inc. (Fortress), on the use of family
limited partnerships as a tool for (1) asset preservation,
(2) estate planning, (3) income tax planning, and (4) charitable
giving. The following day, on August 12, 1994, Mr. Gulig, as
decedent’s attorney in fact, formed SFLP, a Texas limited
partnership, and its corporate general partner, Stranco, a Texas
corporation, and filed with the State of Texas the respective
certificate of limited partnership and articles of incorporation.
In August 1994 Mr. Gulig believed decedent had about 12 to 18
months to live. Mrs. Gulig expected decedent to survive about
2 years.
An Agreement of Limited Partnership of Strangi Family
Limited Partnership (SFLP agreement) was prepared by Mr. Gulig
using documents licensed from Fortress and sets forth the
governing provisions for the entity. Stranco is designated
therein as the managing general partner, the authority of which
is broadly described as follows:
Except as otherwise provided in this Agreement, the
Managing General Partner of the Partnership, shall have
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