-13- of July 31, 1996, the date that the LRFLP was established, decedent was suffering from “full-blown Alzheimer’s”, and decedent’s daughter knew as much. Also as of that date, Feldman had never spoken to decedent’s daughter or decedent’s son-in-law about decedent’s health or about her potential for tort or other personal liability. On July 31, 1996, decedent’s children signed a partnership agreement for the LRFLP (LRFLP agreement). Decedent’s daughter signed the LRFLP agreement in Illinois in the presence of Feldman, who notarized her signature. She signed once as a general partner of the LRFLP in her capacity as trustee of the Ilene Field Trust and a second time as the limited partner of the LRFLP in her capacity as cotrustee of the Lillie Investment Trust. Decedent’s son signed the LRFLP agreement in Florida, outside Feldman’s presence. Decedent’s son signed the LRFLP agreement individually as a general partner of the LRFLP and a second time as the limited partner of the LRFLP in his capacity as cotrustee of the Lillie Investment Trust. When decedent’s son signed the LRFLP agreement, he had never met or spoken with Feldman. Upon signing the LRFLP agreement, decedent’s children (and Feldman) were unaware of the dollar amount of any partner’s contribution to the capital of the LRFLP. On either October 11 or 14, 1996, Feldman calculated all of those amounts and attached that calculation to the LRFLP agreement as “Exhibit A”. On thePage: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Next
Last modified: May 25, 2011