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Why Dying as a Member of an LLC is a Bad Idea [CC]
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Why Dying as a Member of an LLC is a Bad Idea [CC]
Learn how laws concerning LLCs and estate law intersect.
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Closed Captioned.
Often unappreciated by those new to the realm of LLCs and other unincorporated forms is that upon a member's death (i) seldom if ever will the estate and the heirs enjoy the right to participate in the LLCs management and (ii) will typically not be entitled to a liquidating distribution. The estate and the heirs will be mere assignees having no voice in the LLC's management, including as to amendment of the operating agreement. This program will consider how this paradigm arose and mechanisms by which it may be modified.
Product Details
Panelists
Co-sponsors
LLCs, Partnerships and Unincorporated Entities
Product Code
CL2011LLCW1OLC
Duration
90
Publication Date
11/6/2020 12:00:00 AM
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