How Can a Business Handle Working with a Deceased Partner’s Spouse?
Our experienced Media Business Lawyers offer customized legal solutions for a variety of litigation issues, from transactional work to complex matters. We have law offices conveniently located in Media, Pennsylvania and New Castle, Delaware.
As experienced Media Business Lawyers, clients ask us how to handle a deceased business partner’s spouse if there wasn’t a shareholder’s agreement.
- If there is an agreement it is best to put a statement saying that when one partner passes, that partner’s life insurance through the company has to payout the family of the deceased.
- If there was no agreement, you should be working towards the dissolution process and seeking a buyout from the decedent’s family.
Are you a business owner that recently lost their partner and are dealing with one of their family members? Contact our experienced Media Business Lawyers.