Our attorneys can assist you in the administration of your loved one’s estate, whether he or she died testate (with a will) or intestate (without leaving a valid will), and guide you through the probate process.
Business Succession Planning and Implementation
If you own a business or you are one of the owners of a business, what happens to your interest in the business when you die. Do you want the law to decide or do you want to create a written plan? The law allows you to plan the passing of your interest in your business or your investment in a business. This can be by your Will or through a Trust, but you have to make sure the Operating Agreement provides for the continuation of your membership rights if your business is a limited liability company or Shareholders Agreement if it is a corporation. Do you know that your interest in a limited liability company ceases upon your death as to the management of the business, your estate and heirs only have a right to distributions and the executor of your estate as well as the heirs do not have a right to see future financial records of the business unless you provide otherwise in the Operating Agreement? The law allows you to fix this problem while you are alive by the Operating Agreement or Shareholders’ Agreement.