A good friend died this year and in his will he bequeathed to me his economic interest in an LLC whose only asset is a vacation home. Per the operating agreement, upon the death of the last of the remaining two members the home will be sold, at which time I’m supposed to receive xx dollars from the sale.
What steps can I take to ensure this happens as it’s supposed to? Is it possible to file something with the recorder’s office in the county where the property is located? I know title companies check for encumbrances and liens, but seems from my research that this is a different situation.
Thanks for any tips. Hoping a fellow ERer has dealt with something similar.
What steps can I take to ensure this happens as it’s supposed to? Is it possible to file something with the recorder’s office in the county where the property is located? I know title companies check for encumbrances and liens, but seems from my research that this is a different situation.
Thanks for any tips. Hoping a fellow ERer has dealt with something similar.
