[WSBAPT] Payments to LLC under REK

[Eric Nelsen]

It's likely to be dictated by the operating agreement.

Eric Nelsen
Sayre Law Offices PLLC
206-625-0092

On Sep 7, 2021 6:01 PM, Inge Fordham <inge at fordhamlegal.com> wrote:
Colleagues,

I am handling probate proceedings for a decedent who was the member of an LLC comprised of various extended family members.  The beneficiaries of the estate are the decedent’s three children (none are members of the LLC).  The LLC’s sole asset is a real estate contract upon which payments will be made up to 2025.  I have not seen the operating agreement for the LLC (though I requested it).  It seems tedious to continue receiving payments, filing estate income taxes, and making distributions every year until 2025.  What are the options if the other members will not agree to buy the estate out of the contract?

Thanks in advance,


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Inge A. Fordham | Attorney
Fordham Law, PLLC
3218 Sixth Avenue | Tacoma, WA 98406
Office: (253) 348-2657 | Mobile: (206) 778-3131
www.fordhamlegal.com<http://www.fordhamlegal.com>


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