Legal Question in Business Law in Florida

Based on the general fact included in your inquiry, your son is entitled to whatever benefits are described in the documents conveying such benefits. A will or trust may have provisions regarding age of beneficiaries which may place the bequest in a trust until a certain age, or may provide other condition. Also, the partnership agreements likely also have terms and restrictions. Regardless, the specific answer to your questions requires a review of the specific documents. Being "only 20 yrs old" is not an insurmountable barrier.

As a Franchise Attorney I believe the issue is more complicated. The real issue is that only lawyers may have an ownership interest in, or be managers of, a law firm. So this is what your son needs to address. He will likely need to sell his interests to a licensed attorney if he does not intend to go to law school. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation