Category Archives: Business Succession Planning
How Do You Know When a Business Is Part of a Florida Probate Estate?
One of the key functions of a personal representative in a Florida probate estate is to identify and marshal any assets that belong to the estate. This includes any businesses where the deceased held an ownership interest. Unfortunately, many business owners fail to properly document their ownership before they die, which can lead to… Read More »
Cash or In-Kind? Distributing Shares of a Florida Business After the Owner’s Death
A key consideration in succession planning is how to distribute any shares or ownership interests you have in a Florida business. If your will simply divides your estate into percentage shares, that can leave your personal representative with a decision to make: Do I distribute those shares in-kind to the beneficiaries, or do I… Read More »