721 UPREIT PROS | DIVORCE-RELATED OP-UNIT HANDOFF
Educational only, not tax, legal or investment advice.
Keep completed records private. Use your professionals' secure channels.

Record owner and date:
Partnership legal name / exact interest / registered holder:
Unit class and count / indirect ownership entity or trust:

FOUR TRACKS (each: document version, responsible professional, status, next action)
1. Settlement allocation and counsel's implementation instructions:
2. Issuer transfer recognition and separate partner-admission status:
3. Distribution, notice and tax-package delivery instructions:
4. Tax basis, holding period, K-1 and loss-record continuity:

DATE REGISTER (each: event, stated date, source, confirmed by, unresolved question)
Settlement and order:
Requested transfer:
Issuer receipt / missing items:
Written acceptance / recognition:
Substitute-partner admission, if applicable:
Distribution cutover and actual payment dates:
Tax reporting determination:

SECURE HANDOFF CHECKLIST
[ ] Signed settlement, relevant order and amendments
[ ] Current partnership agreement and account-specific terms
[ ] Issuer's current transfer requirements, consent or applicable exception
[ ] Written accepted status and updated unit statement
[ ] Outside-basis and holding-period workpapers
[ ] Complete K-1 packages, liability and relevant adjustment schedules
[ ] Separate passive, at-risk and basis-limited loss schedules
[ ] Payment history and verified future instructions
[ ] Tax professional and partnership tax-team reporting reconciliation
[ ] Remaining units and receipt of necessary records confirmed

Do not treat settlement value or K-1 capital as complete outside basis.
Do not infer tax ownership from a bank deposit or presume transfer approval.
No guaranteed liquidity, admission, valuation or tax result.