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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>Listmates,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I recently formed an LLC for three adult siblings that inherited a parent’s house through an estate. One sibling is disabled and lived on the property with mom and dad before they passed and continues to reside there. The floorplan of the house is very beneficial for the disabled sibling. All three agree that such sibling may occupy the house for as long as needed, so long as utilities, taxes, maintenance etc are paid and property is kept in good condition. The goal is to put the house into an LLC, owned equally by all three siblings to preserve each’s equity interest in the house if/when sold. When the disabled sibling no longer lives on the property, the plan is to sell the property.<o:p></o:p></p><p class=MsoNormal>I also plan to draft an operating agreement that either includes provisions for the property (or a separate agreement outside of the OA that covers the issues). The agreement would cover terms for the disabled sibling to live in the home, costs, future sale of property, maintenance, personal effects in house, etc. I believe I’ve flagged a number of potential issues that could come up, but wanted to check if anyone has drafted a similar agreement that I could cross reference with mine to make sure I’m not missing anything significant. The whole scenario seems like one that likely comes up often in estates. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Any template docs or advice is appreciated. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Tim <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b>Timothy C. Lehr<o:p></o:p></b></p><p class=MsoNormal>Attorney at Law<o:p></o:p></p><p class=MsoNormal>Stiles Law Inc., P.S.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>p: 360.855.0131<o:p></o:p></p><p class=MsoNormal>e: <a href="mailto:timothy@stileslaw.com">timothy@stileslaw.com</a><o:p></o:p></p><p class=MsoNormal>w: <a href="http://www.stileslaw.com">www.stileslaw.com</a><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b>NOTICE</b>: The information contained in this email is proprietary and/or confidential and may be privileged. If you are not the intended recipient of this communication, you are hereby notified to : (i) delete the email and all copies; (ii) not disclose, distribute or use the email in any manner; (iii) notify the sender immediately. Thank you. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div><div id="DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2">
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