Assignment of Limited Liability Company Interest to Revocable Trust

This legal template pertains to the assignment of a Limited Liability Company (LLC) interest to a Revocable Trust, governed by the laws of the United States.

In this template, an individual (the "Assignor") having an interest or membership stake in an LLC wishes to transfer ownership of their interest to a Revocable Trust (the "Assignee") that they have established. A Revocable Trust is a legal arrangement where assets are transferred into a trust during the lifetime of the trust creator, with the flexibility to modify or revoke the trust at any time.

The template outlines the necessary details and provisions to effectuate the assignment, ensuring compliance with applicable state and federal laws regarding LLCs and trusts. It includes sections that identify the Assignor and Assignee, provide a detailed description of the LLC interest being transferred, and incorporate any necessary representations and warranties to protect the interests of both parties involved.

Additionally, the template may address any specific requirements imposed by the LLC's operating agreement or state statutes. It may also detail any required consents or notifications that must be obtained from other members or authorities before completing the assignment process.

By utilizing this template, the Assignor and Assignee can establish a clear and legally binding assignment of the LLC interest to the Revocable Trust, ensuring the smooth transfer of ownership and maintaining compliance with relevant laws.