Most of the documents in this case have been filed under seal, so we do not know exactly how to asses this particular battle. Nevertheless, these types of family feuds over the business are not unusual.
Passing on a business to the next generation requires proper planning.
What is intended after the founder passes away needs to be made very clear in the founder’s estate plan. Ideally, the next generation should be informed of these intentions and the estate plan to implement them.
That gives the surviving family members time to prepare to run the company and lessens the likelihood of future fights. An experienced estate planning attorney can help ensure that everything runs smoothly, preserving both the business and the family.
