[WSBAPT] Transferring LLC Units

[Philip N. Jones]

This is often done, and often debated as to effectiveness.  I seem to recall seeing it debated on either the Washington listserv or the Oregon listserv.  I do not recall the outcome of the debate.
Phil Jones

Philip N. Jones
Duffy Kekel LLP
900 S.W. Fifth Ave. Suite 2500
Portland, OR 97204
pjones at duffykekel.com<mailto:pjones at duffykekel.com>
(503) 226-1371 - office
(503) 853-1482 - cell
(503) 226-3574 - fax

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Jeff at bellanddavispllc.com
Sent: Thursday, July 7, 2022 2:33 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Transferring LLC Units

Listmates:

Two member LLC.  They are not related and each is married (to different people).  They want a deceased member's Units to go to the surviving member.  I know it can be done with a Will.  But can members enter into an agreement, or better yet, amend the operating agreement to say that a deceased member's units go to the surviving member.  If you do it that way, must the agreement be signed like a Will?

Your thoughts.

Jeff Davis

W. Jeff Davis
BELL & DAVIS PLLC
P.O. Box 510
720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129
Fax: (360) 683.1258
email: jeff at bellanddavispllc.com<mailto:jeff at bellanddavispllc.com>
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