Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The main issue I need researched, and need supporting case law, is on the treatment of LLCs as marital property for purposes of equitable distribution

The main issue I need researched, and need supporting case law, is on the treatment of LLCs as marital property for purposes of equitable distribution under Pennsylvania law. Here are the necessary facts for the matter:

  1. There are two homes and one vacant lot in Florida that are owned by one LLC.
  2. Jack, our client Jill's husband, is the sole member of the LLC.
  3. Jill is one of three managers (Jack is one of the others) of the LLC.
  4. Jill has been primarily responsible for all actions leading to the purchase of the properties (i.e. contact with realtor, viewing the homes, signing agreements of sale and related docs, etc...).
  5. Jill is also the primary contact for the real estate manager and handles all aspects of maintenance, upkeep, etc. relating to the Florida homes.
  6. The LLC was formed during marriage.
  7. The LLC purchased the homes with funds from one of many trusts in which Jack is the primary beneficiary.

Ideally, I want the LLC and all of the property it owns, to be marital property. Hoping you can find Pennsylvania case law supporting our position.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Supervision in Law Enforcement

Authors: Karen M. Hess, Christine Hess Orthmann

6th Edition

1439056447, 978-1439056448

More Books

Students also viewed these Law questions

Question

Summarize what you know about Bitcoin.

Answered: 1 week ago