Shareholder of a corporation

[dleung65]

What is the name of your state (only U.S. law)? New York

My mother was a shareholder in a closely held corporation, a restaurant. How is this share distributed generally if it was not directly addressed in a will, if there are multiple inheritors?

Thank you.

 

[HRZ]

SO folks become faractional share owners ...

 

[Zigner]

What is the name of your state (only U.S. law)? New York

My mother was a shareholder in a closely held corporation, a restaurant. How is this share distributed generally if it was not directly addressed in a will, if there are multiple inheritors?

Thank you.

...but it IS addressed in a will.

Please stop scattering your related questions around the forum.

 

[dleung65]

...but it IS addressed in a will.

Please stop scattering your related questions around the forum.

Sorry, I'm just trying not to muddle any answers to multiple questions. Thought direct was best.

 

[FlyingRon]

Sorry, I'm just trying not to muddle any answers to multiple questions. Thought direct was best.

Direct is best, which is why you should keep everything in one forum. You're scattering relevant facts to the wind.

The answer is OPEN THE PROBATE AND DON'T LIE.