As the last two posts on this blog have discussed, sometimes the crux of asset disputes following a person’s death, or even during his or her life, center around the ownership of a business.
Many businesses in Minnesota, including small family businesses and farming operations, are corporations or other entities that require a person who wants an ownership interest in the business to own shares of stock, points or some other document indicating the percentage of the business that the person owns. These shares not only determine who has the decision-making authority in a company but also determine who gets what share of the profits.
Needless to say, stocks are valuable property that can be sold, given away, bought and even passed down either through a will or otherwise. Unfortunately, when the stakes are high or family tensions are boiling over, people will tend to fight and even sue over the ownership or the value of a share of stock.
Should this happen to a Minnesota family our law firm could help. We can apply our expertise and experience in matters involving probate litigation either to help protect your family business or farm or, depending on the facts of the case, help you get your fair share of a rightful inheritance.
While no one wants to be involved in probate litigation, sometimes it is the only way to see to it that a family business survives intact. In such situations, though, a person needs quality legal help that can manage the litigation efficiently and effectively. Please feel free to visit our website for more information. Our site can provide an overview and provide you with information so you can take appropriate action in your situation.