[WSBAPT] Putting LLC in revocable living trust?

[Ralph Maimon]

One point, watch for restrictions on doing that  in the operating
agreement.
 

Ralph Maimon 
Law Office of Ralph Maimon, P.S. 

2811 E. Madison Street

Suite 202

Seattle, WA  98112

Tel: (206) 323-0911
Fax: (206) 462-1505  

rmaimon at maimonlaw.com <mailto:rmaimon at maimonlaw.com> 

 


 


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________________________________

From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Heather Kolbly
Sent: Tuesday, November 18, 2014 2:42 PM
To: 'WSBA Probate & Trust Listserv'
Subject: [WSBAPT] Putting LLC in revocable living trust?



Hi All,

 

I have husband and wife clients for whom I am drafting a revocable
living trust.  Husband also is a member of 2 different LLCs with his
brothers, who live in other states.  He asked about possibly putting his
interest in the LLCs into the trust.  I know this has been talked about
before on the listserve, but I don't recall what was said and I don't
have time to look it up.  Has anyone done this?  Is it advisable to
place an LLC member's ownership interest in the LLC his RLT?  I am
thinking it is probably complicated and potentially beyond my scope of
experience and skills.  Any guidance you can give on this would be
appreciated.  At this point, the clients are just looking for
information on the topic.

 

Thanks,

 

Heather Kolbly

 

 

Heather Tobin Kolbly

Mobile Attorney 

KOLBLY LAW FIRM, P.C.

Mail:  704 228th Ave. NE #122, Sammamish, WA  98074

Office:  (425) 522-4234 s Cell:  (425) 444-1888 

Heather at KolblyLaw.com <mailto:Heather at KolblyLaw.com> 

www.KolblyLaw.com
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