K
KentraCo
Guest
My wife and I are equal co-owners of a Florida S-type corporation for tax purposes.
Additionally, I as an individual own 30 per cent of another Florida S-type corporation which is a functioning business. As this business grows more and more successful (partly through my efforts), I feel the need to structure my estate to insure that, if possible, ownership of that 30 per cent reverts to my wife if she survives me or secondary beneficiaries if she doesn't.
Right now, all I have is a simple Florida will.
What's the proper way to handle this situation?
Additionally, I as an individual own 30 per cent of another Florida S-type corporation which is a functioning business. As this business grows more and more successful (partly through my efforts), I feel the need to structure my estate to insure that, if possible, ownership of that 30 per cent reverts to my wife if she survives me or secondary beneficiaries if she doesn't.
Right now, all I have is a simple Florida will.
What's the proper way to handle this situation?