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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Typically you would assign the LLC ownership interests to the grantor(s) of the RLT.<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><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'>Glenn D. Price, J.D.<br>Price & Farrington, PLLC<br><i>Attorneys and Counselors at Law<o:p></o:p></i></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><i><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'><img width=106 height=160 id="Picture_x0020_1" src="cid:image001.jpg@01D0034D.ACF09F00" alt="GlennPrice227_small"> <img width=305 height=145 id="Picture_x0020_2" src="cid:image002.jpg@01D0034D.ACF09F00" alt=WC-Member-Logo-Founding><o:p></o:p></span></i></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'>Parkwood Office Center<br></span><b><span style='font-family:"Calibri","sans-serif";color:#1F497D'>2370 130<sup>th</sup> Avenue N.E., Suite 103</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'><br>Bellevue, Washington 98005<br>Phone: 425.451.3583 Fax: 425.522.4818<o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'>Email: </span><u><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:blue'><a href="mailto:glenn@pricefarrington.com"><span style='color:blue'>glenn@pricefarrington.com</span></a></span></u><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'><br>Home page: <a href="http://www.pricefarrington.com/" title="blocked::http://www.pricefarrington.com/">www.pricefarrington.com</a><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'>Estate, Tax, Retirement and Asset Protection Planning</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#993366'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:navy'>This e-mail and any attachment is intended solely for the use of the addressee(s) and is privileged and confidential within the attorney-client privilege. If you have received this e-mail in error, please notify the sender immediately and delete all copies of this e-mail message and any attachment. </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#993366'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><b><i><span style='font-size:10.0pt;font-family:"Calibri","sans-serif";color:navy'>IRS Circular 230 provides that this message cannot be used to avoid any IRS tax penalties.</span></i></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#993366'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.5in'><i><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:navy'>No trees have been killed in the sending of this message, but billions of electrons have been horribly inconvenienced.<o:p></o:p></span></i></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Heather Kolbly<br><b>Sent:</b> Tuesday, November 18, 2014 2:42 PM<br><b>To:</b> 'WSBA Probate & Trust Listserv'<br><b>Subject:</b> [WSBAPT] Putting LLC in revocable living trust?<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><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'> 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.<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></body></html>