Who Acquires Control Of Your Business Interests if You Don’t Have a Will?W

Who inherits your business if you die without a will? Planning for death includes thinking about your business interests. With effective planning, our Florida wills lawyer (s) can determine: Who owns your business after you die Who will initially run your business when you pass away How the value of the business is determined What taxes will likely be due Many other control and practical issues The intestate laws of Florida If there is no will, then the business control issues are determined by the intestate laws of Florida. The intestate laws favor selling the business. The proceeds are then divided among your heirs. So, if you want the business to continue in the hands of a relative or anyone – the intestate laws won’t help you. Anyone who wants the business will need to buy the business from the heirs. Without a will, your financial assets including the business are distributed as follows: You have a spouse but no children or descendants. The wife gets the net…

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