[WSBAPT] Transferring LLC into Trust

[Tom Westbrook]

Hi Dewey,

 

I have done that successfully in the past by transferring the ownership of the LLC from the Grantor of the trust to the Trust; even if there is real estate involved the excise tax exemption of mere change in identity has worked in the past. Ownership change can be made with SOS at any time, but not necessary until time for annual report.

 

Sincerely,

 

Tom

 

Thomas J. Westbrook

Attorney at Law

 

cid:image001.jpg at 01CFC835.0D3988D0

 

Rodgers, Kee & Card, P.S.

324 West Bay Drive NW, Suite 201

Olympia, Washington  98502

 

Phone: 360-352-8311

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Email:  <mailto:tjw at buddbaylaw.com> tjw at buddbaylaw.com

Skype: thomas.westbrook

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Dewey Weddle
Sent: Tuesday, October 3, 2017 11:43 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Transferring LLC into Trust

 

Esteemed colleagues,

 

I have been asked by a client to transfer an LLC into his Revocable Living Trust.  Although I have transferred real property into (and out of ) a Trust I have never transferred a business or corporation into a Trust.  Does anyone have any suggestions as to how to proceed, things to watch out for, if a government entity requires notice, and so on.  Any help is appreciated. 

 

Best regards, 

 

Dewey

 

Law Office of Dewey W. Weddle, PLLC
909 Seventh Street
Anacortes, WA  98221

 

Telephone:  360-293-3600

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