QUESTION
What are my legal rights to inherent what belonged to her.
Asked on Jun 29th, 2020 on Wills and Probate - Florida
More details to this question:
Mom and my step father got married 11 years ago. My mother just passed away. She was 50% owner of S Corp that was started by him (she was added as 50% owner shortly after they marry). They bought house together and fixed it all up. Both names are on the deed. Mom had no will. S Corp is a rental apartment business. He say that he will give me what he owes but it will be his way when he is ready. S Corp has 2 owners ( mom and step dad). Both of them invested in the business but he invested more in the beginning They both build the business up to what it is today
1 ANSWER
2 Awards
Please ask a local probate attorney to review the S corp bylaws (if they are available). These usually provide how interests should pass when an owner dies. It is likely that the owners' interests pass to one another, not to their children.
If your stepfather does not apply to probate the estate, you can.
Answered on Jun 30th, 2020 at 5:40 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.