[WSBAPT] PLLC in a Revocable Trust?

[Kira Rubel]

I actually asked this very question of the list about three years ago and I
think the collective answer was "no not really".  But this RCW seems pretty
clear - assuming there is more than one professional. I presume you'd just
do a simple assignment of the member's PLLC interest to their RLT?

This was an awesome thread to stumble across. Thank you!

*Kira M. Rubel*

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On Thu, Nov 19, 2020 at 5:19 PM John J. Sullivan <sullaw at comcast.net> wrote:

> I believe member units in a PLLC can be held by the professional’s RLT
> while it remains revocable. Once he or she dies there’s a 12 month window
> to transfer the units to another professional.
>
> The PLLC statute incorporates some provisions of RCW 18.100.
>
> https://app.leg.wa.gov/RCW/default.aspx?cite=18.100.116
>
> John J. Sullivan
>
> Sent from my iPhone
>
> On Nov 19, 2020, at 5:07 PM, Gerald Sprute <sprutelaw at msn.com> wrote:
>
> 
>
> Hi All,
>
>
>
> Does anyone know offhand if a revocable trust can hold Grantor’s interest
> in a PLLC?  Single person is the grantor of the revocable trust, but 1/3
> owner in the PLLC.
>
>
>
> Jerry Sprute
>
>
>
>
> Law Office of Gerald A. Sprute
> P.O. Box 1657
> Duvall, WA 98019
> Tel: (425) 892-4079
> Fax: (425) 844-9151
> www.sprutelaw.com
>
>
>
>
>
>
>
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