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What happens when a principal dies?

What happens when a principal dies? Upon the death of the S corporation’s principal, the decedent’s shares pass to the individual’s estate—not to other shareholders. If the estate or heir is a qualified owner—meaning an individual, estate, exempt organization, or a certain kind of trust—it can carry on the business as before. Can an executor …

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What do you call a special needs trust?

What do you call a special needs trust? A special needs trust (SNT), sometimes referred to as a supplemental needs trust, is a legal vehicle enabling assets to be held on behalf of someone with disabilities without affecting their eligibility for means-tested public benefits such as Medicaid or Supplemental Security Income. Can a 65 year …

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Where was the 31 year old man found dead?

Where was the 31 year old man found dead? A 31-year-old man was found dead with his throat slit in the Narpoli area of Thane’s Bhiwandi township on Saturday near Mumbai, police said. A Gurgaon-based private firm employee was found dead on a service lane near Hidon Vihar stadium on Tuesday with his car and …

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How to handle an estate in North Carolina?

How to handle an estate in North Carolina? Preferably contact a probate attorney or step into a legal land mine and try to handle the court process yourself.Contact a probate attorney. How does probate work in North Carolina Parker herring? The attorneys at the Parker Herring Law Group PLLC can help you prepare for and …

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Who is the best trust lawyer in America?

Who is the best trust lawyer in America? Our founder, Scott E. Rahn has been named “Top 100 – Trust and Estate Litigation” by SuperLawyers, Trusts and Estates Litigator of the Year, and Best Lawyers in America for Litigation – Trusts and Estates. For a free consultation, call (424) 320-9444 or visit: https://rmolawyers.com Can a …