Legal Question in Wills and Trusts in California

My husband and I have a business we have run together for 14 years, 90% shares in his name and 10% in my name if he were to pass away, what would happen to the business? we are in California. We do not have a living estate.


Asked on 3/12/18, 5:33 pm

1 Answer from Attorneys
Aaron Feldman Feldman Law Group

An attorney would have to know a lot more to comment on why you have only 10% of shares; however, an Estate plan with a living trust would be the best way to clarify how all of your assets, including the business, should be dealt with in the event either of you were to die suddenly. In addition to an estate plan you probably need a business succession plan. What do the by-laws say about how shares are to be treated upon the death of a shareholder? You should meet with an attorney right away.

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Answered on 3/12/18, 5:41 pm


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