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Co-op shareholders are increasingly transferring their units into trusts for estate planning purposes, but co-op boards must carefully consider the potential financial, occupancy, and legal implications before approving such requests.

Housing cooperative ownership has variations like tenants in common, joint tenants, or tenants by the entirety, impacting rights of survivorship.

Shareholders seeking stock transfers in co-ops must follow a board-approved procedure, including legal transactions, judgments, and lender approvals to ensure equal treatment.

There are limits to when a board can deny succession rights in a Mitchell-Lama.

Co-ops don't need to be afraid of trusts, as long as the risk is shared.

Non-cash sales transfers can put boards in a tight spot.

In this court case, the board couldn’t approve a sale or collect a flip tax.

Be aware when dealing with transfers, and trust your transfer agent.

Boards should alert owners of jointly owned units to review their estate plans.

Who has the right to use ancillary rooms directly outside the service door of a specific unit?