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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt">I
have clients who have inherited real property. They are putting it
into a LLC. 4 out of 5 of the clients reside in different portions of the
real property. Regarding the termination upon death provision in the LLC;
they are wanting it to simply say: as each member dies, their units can not be
sold except for $1.00 to the LLC and the remaining members will equally own
their shares. When there is only one remaining member, that surviving
member will own 100%. I have never seen this with a LLC. It would
also have to preclude rights of members to sell their units to third
parties.</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt">I
am wondering what will happen if one of them makes out a will that says “I give
my units in LLC to my kids/”</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT
style="FONT-SIZE: 11pt">Anyone ever do this?</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt">If
so any form language?</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt">Any
other problems besides the challenge regarding testamentary
disposition?</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT
style="FONT-SIZE: 11pt">Thanks</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT
style="FONT-SIZE: 11pt">Josh</FONT></P>
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<DIV><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #004080">Joshua F.
Grant</SPAN></STRONG><SPAN style="COLOR: #004080"><BR></SPAN><SPAN
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O. Box 619<BR>Wilbur, WA 99185<BR>509 647 5578</SPAN><SPAN
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