<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Other than the restrictions in the operating agreement it's straightforward. Consent minutes of members authorizing transfer, sign assignment of interest, trustees accept terms of operating agreement, securities representation. Make sure you know which state law governs. If there's WA real property consider REET (other states like NY have similar).</div><div><br></div><div>If the LLC is for some reason also an S corporation there may be additional considerations and representations. </div><div><br></div><div>John Sullivan<br><br>Sent from my iPhone</div><div><br>On Nov 18, 2014, at 2:42 PM, Heather Kolbly <<a href="mailto:heather@kolblylaw.com">heather@kolblylaw.com</a>> wrote:<br><br></div><blockquote type="cite"><div><meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="Generator" content="Microsoft Word 14 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--><div class="WordSection1"><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Hi All,<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">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.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Thanks,<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Heather Kolbly<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal" align="center" style="text-align:center"><b><i><u><span style="font-family:"Castellar","serif";color:#1F497D"><o:p><span style="text-decoration:none"> </span></o:p></span></u></i></b></p><p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Goudy Old Style","serif";color:#1F497D">Heather Tobin Kolbly<o:p></o:p></span></b></p><p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Goudy Old Style","serif";color:#1F497D">Mobile Attorney <o:p></o:p></span></b></p><p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Goudy Old Style","serif";color:#1F497D">KOLBLY LAW FIRM, P.C.<o:p></o:p></span></b></p><p class="MsoNormal"><b><span style="font-family:"Goudy Old Style","serif";color:#1F497D">Mail:</span></b><span style="font-family:"Goudy Old Style","serif";color:#1F497D"> 704 228<sup>th</sup> Ave. NE #122, Sammamish, WA 98074<o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-family:"Goudy Old Style","serif";color:#1F497D">Office:</span></b><span style="font-family:"Goudy Old Style","serif";color:#1F497D"> (425) 522-4234 </span><span style="font-family:Wingdings;color:#1F497D">s</span><span style="font-family:"Goudy Old Style","serif";color:#1F497D"> <b>Cell:</b> (425) 444-1888 <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><a href="mailto:Heather@KolblyLaw.com"><span style="font-size:12.0pt;font-family:"Goudy Old Style","serif";color:#1F497D;text-decoration:none">Heather@KolblyLaw.com</span></a></span><span style="font-family:"Goudy Old Style","serif";color:#1F497D"><o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><a href="http://www.kolblylaw.com/"><span style="font-size:12.0pt;font-family:"Goudy Old Style","serif";color:#1F497D;text-decoration:none">www.KolblyLaw.com</span></a></span><span style="font-family:"Goudy Old Style","serif";color:#1F497D"><o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:#1F497D"> </span><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span></b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:#1F497D"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:#CC0000">CONFIDENTIALITY: </span></b><b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:#1F497D">This e-mail and its attachments are confidential and may be protected by attorney/client privilege, work product doctrine, or other nondisclosure protection. If you are not the intended recipient of this e-mail, please contact the sender immediately; you may not read, disclose, print, copy, store or disseminate the e-mail or any attachments or any information contained therein.<o:p></o:p></span></b></p><p class="MsoNormal" style="text-align:justify"><b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:#C00000">IRS CIRCULAR 230 DISCLOSURE:</span></b><b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:black"> </span></b><b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:black">To ensure compliance with new requirements of the Internal Revenue Service, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.</span></b><b><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:black"><o:p></o:p></span></b></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Goudy Old Style","serif";color:#1F497D"><o:p> </o:p></span></p></div></div></blockquote><blockquote type="cite"><div><span>_______________________________________________</span><br><span>WSBAPT mailing list</span><br><span><a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a></span><br><span><a href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></span></div></blockquote></body></html>