When a business owner dies, their interests often become part of a probate estate or are transferred to one or more trusts in order to continue the operations of the business. But sometimes the decedent’s business is distressed at the time of death and of questionable value to the estate or to the trust beneficiaries. Understandably, descendants are having a hard time dealing with these procedures when they are grieving and family disputes do not cease to arise. You can continue reading about this subject and the case study in the National Law Review.

In that case, executors or trustees, along with their beneficiaries, should understand what fiduciary standards apply to the use of estate or trust resources in connection with the continued management, operation and ownership of the business.

We can guide you throughout the entire process to make sure your business assets are being managed in good faith and in a manner that serves your interests as beneficiaries.

Client Reviews

Daniel E., Google

Rated 5 out of 5

I left a voicemail for Tom late Sunday evening and received a phone call first thing the next morning.

Tom was very quick to reply to any questions I had, and if he was caught up in a meeting, he was sure to return my call promptly.

Tom provided sound and logical advice, during a very stressful and uncertain time. At times I asked him to be more aggressive and was often met with the pros and cons of that decision, allowing me to understand the approach and thought process behind his strategy.

Ultimately he provided options for several paths for us to take, worked swiftly, and got us where we needed to be.

He reached out several times to check on my sanity and make sure I was good.

As someone with very high expectations, I would highly recommend his services. He provided expertise that proved to be successful, and also took the time to make sure I was emotionally solid.

Tom assisted with me with a 50% / 50% ownership conflict.

Daniel E

Deanna, LawConnect.com

Rated 5 out of 5

Really informative and actionable, very grateful to have connected and I look forward to working more with them in the future.

Deanna

Marilyn, LawConnect.com

Rated 5 out of 5

i liked that a lawyer, and not a staff member, called me to get the details and he gave me his opinion of what his initial thoughts are about my case.

Marilyn

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30+ years of combined experience.