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mreyes
Real Estate Investor
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Personal Property is the Sole Member
Tuesday, May 24 2011 04:25 PM
I would like to know when I set up a Personal Property that I am the Beneficiary of, and this Personal Property Trust is the managing member of an LLC, who or how would any legal documents have to be signed. Would I sign as Trustee of the Personal Property Trust (John Smith, as Trustee) for the LLC?
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Randy Hughes
Land Trust Expert-40+ years of experience
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Re:Personal Property is the Sole Member
Wednesday, May 25 2011 09:30 AM
MREYES,
SEE MY COMMENTS BELOW IN BOLD.
I would like to know when I set up a Personal Property that I am the Beneficiary of, and this Personal Property Trust is the managing member of an LLC, who or how would any legal documents have to be signed. Would I sign as Trustee of the Personal Property Trust (John Smith, as Trustee) for the LLC?
I ASSUME YOU MEAN LEGAL DOCUMENTS FOR THE LLC NOT THE PPT? IF SO, THE TRUSTEE OF THE PPT WOULD SIGN AS THE MANAGING MEMBER OF THE LLC ON ANY LLC DOCS THAT NEEDED SIGNED. HOPE THIS HELPS.
Randy Hughes
866-696-7347
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mreyes
Real Estate Investor
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Re:Re:Personal Property is the Sole Member
Thursday, May 26 2011 11:18 AM
So would the signature look like this example below;
Agreed this day, June 10th, 2006, by:
John Smith, Managing Member of John's Landscaping Service, LLC
Or would the word Trustee be used after John's name?
Agreed this day, June 10th, 2006, by:
John Smith as Trustee, Managing Member of John's Landscaping Service, LLC
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