EFTA02687018
Comments
File Details
- File Name
- EFTA02687018.pdf
- Data Set
- DS 11
- Type
- Category
- financial
- Size
- 115.4 KB
- Pages
- 2
Document Text
Estate Planning - Action Plan • Step 1— Transfer of Jennie's interest in TCGM LLC to an entity. Form an entity CORE: JD Enterprises LLC (this entity is being formed for the CORE: asset only) - Form an entity JS MM LLC (this entity is being formed for the CORE: asset only) owned 100% by JS - CORE: JD Enterprises will be owned 2% by JS MM LLC and 98% by Dangene & Jennie Enterprises LLC#2 Jennie Saunders, as an individual, will be the managing member of both entities The other owner must be a limited partner with no voting rights • Step 2 — Form an entity to hold the CORE: asset for Jennie and Dangene's Form an entity Dangene & Jennie Enterprises LLC#2 (this entity is being formed for the CORE: asset only) This entity will be owned 50% by JS Revocable Trust This entity will be owned 50% by DMB Revocable Trust Jennie Saunders, as an individual, will be the managing member of this entity DMB Revocable Trust will be a non-managing member of this entity • Step 3 — Assign JS interest. - Draft of assignment agreement whereby JS assigns her interest in TCGM LLC to CORE: JD Enterprises LLC LEGAL USE 6815996.3 EFTA_R1_02013719 EFTA02687018 JS Asset Transfer Ownership Chart J% Revocable Trust Trustee: Jennie Saunders Beneficiary: JS MM LW (a NY LLC) Owner: Jennie Saunders Manager: Jennie Saunders LEGAL USE 6815996.3 50?:, Dangene & Jennie Enterprises I.I.0 #2 (a NY 1.1C) Manager: Jennie Saunders Von Managing Member: Dangene Revocable Trust 9