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The Tom Petty Estate: When best laid plans are not specific enough.

In Business Tips, Estate & Probate by Larry DonahueLeave a Comment

Tom Petty died of an accidental overdose on October 2, 2017.  While his death was shocking and sudden, the artist had taken the time prior to the tragedy to participate in some estate planning.  Per his wishes, his wife of 16 years, Dana York Petty, became the “directing trustee” of the Tom Petty Estate.   His daughters Annakim Violette and Adria …

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The Family Business Succession Plan

In Break-ups & Partnership Disputes, Business Tips, Estate & Probate, Partnerships by Larry DonahueLeave a Comment

Family owned business can be tough; especially since family is forever and a business lasts as long as the front doors can stay open.  A family business can never be truly free of passion, so it is important to understand the importance of utilizing consultants from outside of the family in conjunction with a Trust and Estate planning team to …

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Terminating Leases Early

In Business Tips, Dispute Resolution, Estate & Probate by Kameron KramerLeave a Comment

Common questions that arise when clients inherit or purchase rental properties/commercial real estate often center around the leases associated with the property.  I came across one such question the other day that had to do with a client who had inherited an apartment complex and wanted to terminate the leases as quickly as possible in order to sell the property …