How Various Documents And Agreements You May Encounter During Succession | Gordon R. Crawford - LA
Channel: Gordon R Crawford & Associates
Date: 15/06/2021

https://www.attorneycrawford.com/

Gordon R. Crawford & Associates
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Gonzales, LA 70737 
United States 
(225) 228-3450

Some people are pretty secretive about their business affairs, even with their spouses and children. A thorough search may uncover that the decedent was a silent partner in some business organization, such as a partnership, a limited liability company, or a small corporation. The uncovered document may reveal not only the percentage of ownership in the business, but an agreement called a buy-sell. This buy-sell agreement would set out the required procedure to follow in the event of the death of one of its owners of the business to effect transfer of the decedent’s interest to the other business owners. It will also set out a procedure to value the business interest to be conveyed. The thirteenth item to be located would be any type of collection the decedent may have possessed when he died.

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