living trust as a partner

Elizabeth A. Smith 6/97 on

I know there has been much discussion through the years
regarding allowing a "Living Trust" as a partner and I agree
with most of the comments in favor of allowing it in your
partnership agreement. But, my one concern is that
creditors can go after a "Living Trust". For the clubs that
currently allow "Living Trust" as partners, what are your
thoughts?
Thanks,
Beth Smith

jack on

Creditors can go after (serve a Writ of Attachment, Execution, or
Garnishment; whichever is appropriate in your state) on the person's
interest in the club partnership regardless of whether it is owned in an
individual capacity or in a living trust. Therefore, it is not a reason to
avoid having a person hold their interest in the partnership in a living
trust.
Jack

-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Elizabeth A.
Smith 6/97 via bivio.com
Sent: 6 February, 2026 13:15
To: club_cafe@bivio.com
Subject: [club_cafe] living trust as a partner

I know there has been much discussion through the years regarding allowing a
"Living Trust" as a partner and I agree with most of the comments in favor
of allowing it in your partnership agreement. But, my one concern is that
creditors can go after a "Living Trust". For the clubs that currently allow
"Living Trust" as partners, what are your thoughts?
Thanks,
Beth Smith

mp on

FWIW, all of our partners are trusts, none are persons. Makes life easy for the partnership, we anticipate, when a partner becomes unalived.

-Michael Peachey

On Fri, Feb 6, 2026 at 12:42 PM John W Ranby Trustee PGM Cariboo Trust via bivio.com <user*15792700001@bivio.com> wrote:

Creditors can go after (serve a Writ of Attachment, Execution, or
Garnishment; whichever is appropriate in your state) on the person's
interest in the club partnership regardless of whether it is owned in an
individual capacity or in a living trust. Therefore, it is not a reason to
avoid having a person hold their interest in the partnership in a living
trust.
Jack

-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Elizabeth A.
Smith 6/97 via bivio.com
Sent: 6 February, 2026 13:15
To: club_cafe@bivio.com
Subject: [club_cafe] living trust as a partner

I know there has been much discussion through the years regarding allowing a
"Living Trust" as a partner and I agree with most of the comments in favor
of allowing it in your partnership agreement. But, my one concern is that
creditors can go after a "Living Trust". For the clubs that currently allow
"Living Trust" as partners, what are your thoughts?
Thanks,
Beth Smith

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