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How do Entities Enter Estate Planning?

More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.

April 13, 2023 //  by Andrew Slaton-Freeman

Here at the Slaton Schauer Law Firm, PLLC, we find more and more families who own property, assets, and businesses together. These entities can take multiple corporate forms; in fact, their flexibility of construction is nearly equivalent to that of trusts. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. But what happens when the documents which govern a corporation conflict with the estate plan of its creators? Our friends at the AAEPA wrote an article that we think may provide some general information on the subject: click here to read it.

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Andrew Slaton-Freeman
Andrew Slaton-Freeman
Estate Planning Attorney at Slaton Schauer Law Firm, PLLC
Before practicing exclusively in Estate Planning Law, Mr. Slaton-Freeman worked in research contracts for Texas A&M University, for a major international defense contractor, and the Texas Office of the Attorney General. His background includes trial litigation, business law, analysis of complex contracts, and estate planning.
Andrew Slaton-Freeman
Latest posts by Andrew Slaton-Freeman (see all)
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  • Could Using Specific Bequests Cost Beneficiaries? - April 27, 2023

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Category: business succession planning, Estate Planning, Legal EducationTag: attorney, client, consumer, Estate Planning, family entity, limited liability company, limited partnership, member, membership interest, operating agreement, partnership, partnership agreement

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