In this episode of Family Matters: Legal Edition, Tammy Buss and Yola Ventresca are joined by Kim Cura, Partner at Lerners LLP, to explore what can happen when estate planning and corporate agreements don’t align.
A founder may leave shares in the family business to a child in their will, only for a shareholders’ agreement to require those shares to be bought out when they die. The result can be unexpected consequences for the next generation, disputes between siblings, and questions about what the founder truly intended.
Kim breaks down which documents can take precedence, why these conflicts happen, and how they can affect succession, ownership, and family relationships.
Listen to the podcast to learn how family business owners can protect their intentions, prepare the next generation, and help ensure their legal documents work together rather than against each other.
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