If I have an S-Corp for my business and something happens to me, how canmy spouse be able to take over and tend to business?

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If I have an S-Corp for my business and something happens to me, how canmy spouse be able to take over and tend to business?

Can the corporation will its assets to the spouse?

Asked on March 8, 2015 under Estate Planning, Florida

Answers:

Anne Brady / Law Office of Anne Brady

Answered 9 years ago | Contributor

Corporations don't have wills.  You should have one.  If you own all the shares of the S-Corp. you can leave them to your wife in your will, of course.


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