QUESTION
Can one's shares in an S corporation be left in a will to his children?
Asked on May 25th, 2013 on Corporate Law - New York
More details to this question:
A person owns 5% of an S corporation, this person wants his children to acquire his shares of the corporation upon his death. Can the shares be willed to his children?
1 ANSWER
1 Award
Yes. But the shareholders agreement, if any, may change the default answer, and set conditions on transfer.
Answered on May 26th, 2013 at 10:42 AM