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<p class="MsoNormal">I particularly enjoy the detail that all (15) current interest holders with 7% each add up to 105%. That’s family cabin ciphering.
<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt;text-autospace:none"><b><span style="font-size:12.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none">Jason</span></b><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none"> </span><b><span style="font-size:12.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none">W.</span></b><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none"> </span><b><span style="font-size:12.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none">Burnett<br>
</span></b><span style="font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none">Attorney at Law</span><b><span style="font-size:14.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none"><br>
</span></b><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none">Reed Longyear Malnati Corwin & Burnett, PLLC<br>
</span><a href="http://reedlongyearlaw.com/"><span style="color:windowtext;mso-ligatures:none;text-decoration:none"><img border="0" width="179" height="61" style="width:1.8645in;height:.6354in" id="Picture_x0020_5" src="cid:image001.png@01DA6034.2BD47240" alt="A black background with white text
Description automatically generated with low confidence"></span></a><i><span style="mso-ligatures:none"><o:p></o:p></span></i></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#4E4848;mso-ligatures:none">801 Second Ave, Suite 1415<br>
Seattle, WA 98104<br>
Phone: (206) 624‑6271<br>
Fax: (206) 624‑6672<br>
</span><span style="mso-ligatures:none"><a href="mailto:jburnett@reedlongyearlaw.com"><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#93B479">jburnett@reedlongyearlaw.com</span></a><u><span style="color:blue"><br>
</span></u><a href="http://www.reedlongyearlaw.com/"><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#93B479">www.reedlongyearlaw.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">From:</span></b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Paul Neumiller<br>
<b>Sent:</b> Thursday, February 15, 2024 4:50 PM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com>; 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Any suggestions or thoughts on how to preserve a family's wishes for the care of a property?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">In the words of Monty Python “RUN AWAY - RUN AWAY!!!!”<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Or better yet, here is a response on the listserv to a similar question about a family cabin in 2019:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">“There ain't no such animal, but I just love that client's request. "I want you to make an agreement to cover every contingency and avoid any conflicts between me and my
14 relatives who all own 7% of the family cabin, and we all have different ideas about how to use it and when, and I haven't spoken to cousin Bob for 10 years but he's going to have an interest as well and I just want him to pay his fair share even though
Bob is just a sponger and never contributes money, and he shouldn't be allowed to use the cabin unless he pays his share but he should still have his interest though we should be able to take it away from him if he doesn't cooperate, though Bob's son is a
good guy and we'd probably transfer it to him, except we don't want Bob's wife to ever have an interest so it needs to be kept as separate property."<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">"Oh, and it needs to be simple, just a few pages. I don't want some 27 page document full of lawyer talk."<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">And then, usually,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">"Eight hundred dollars! That is way too much for such a simple document."<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">For what it's worth:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">NOLO Press has a "Saving the Family Cottage" book that might help the client recognize that they can have a simple agreement or an effective one, but not both.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><a name="Paul_A__Neumiller"><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><img border="0" width="250" height="150" style="width:2.6041in;height:1.5625in" id="_x0000_i1026" src="cid:image007.jpg@01DA6034.2BD47240"></span></a><span style="mso-bookmark:Paul_A__Neumiller"></span><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">From:</span></b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b><a href="mailto:msafren@jennylinglaw.com">msafren@jennylinglaw.com</a><br>
<b>Sent:</b> Thursday, February 15, 2024 4:16 PM<br>
<b>To:</b> 'WSBA Real Property Listserv' <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>>; 'WSBA Probate & Trust Listserv' <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBARP] Any suggestions or thoughts on how to preserve a family's wishes for the care of a property?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hello Listservs,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I’ve been asked by a family that owns a property to help them manifest their wishes to sustain and preserve a house and real estate in accordance with their wishes that the property stay within the family for the next generation’s use and
so on.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The family has two adult children who don’t live or use the property currently, but the family wants to have some control over how the property is used, cared for, and kept in the family for future generations, without being too inflexible
that it creates a problem for the surviving generations. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I’ve thought about placing the property into a trust, but that may be too inflexible and a certain point would need to be distributed out to future generations.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">We’ve thought about creating an LLC and having an operating agreement that sets forth the principles and rules as to how to care and control the property, but future generations can just amend the operating agreement and remove any of the
rules that restrict the use or mandate the care for the property.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If anyone has any suggestions or ideas, I’m open to all input.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you in advance! <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Kind regards, <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:12.0pt;color:purple">Michael S. Safren, Esq.</span></b>
<b><br>
</b><i>Attorney at Law</i> <o:p></o:p></p>
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