[WSBARP] Transfer of remainder interest.

[Wheeler, Doug]

We deal in remainder interests all the time.  Many of them are in leasehold estates, which seem functionally very similar to a life estate.  We also routinely transfer them from individuals to different types of entities.  I can't see any reason why a remainder interest in a life estate could not be transferred to an LLC.

Doug Wheeler
Senior Counsel
VI Resorts
1417 116th Avenue NE
Bellevue, WA  98004
Office:  (425) 454-3065, Ext. 1309
Fax:  (425) 990-2655
DWheeler at viresorts.com<mailto:DWheeler at viresorts.com>


From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Craig Gourley
Sent: January 21, 2019 6:14 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Transfer of remainder interest.

Listmates,  During the holidays I posted a query but don't recall any responses, or maybe I just don't recall them!  Client wants to transfer their remainder interest in a life estate to an LLC.  I can't think of a reason why not but have never done it before.  Anyone think of a reason why this cannot or should not be done?   Thanks!!  Craig

Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>


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