Lessons from Legacy Corporate Disputes for Business Owners

Inheritance/corporate conflicts can emerge when a business owner dies having not specified how their property is to be distributed. The result is negative consequences in terms of both property, and reputation. What can be done to address the incorrect interpretation and application of a legal entity’s articles of association in relation to how status and rights are claimed from a deceased participant or shareholder? What is the legal status of the surviving spouse in relation to the company’s shares bequeathed by the deceased? What role does the notary play in allocating a marital share to the surviving spouse and distributing assets to recipients? How effective is trust management?