Transfer on Death of stock

[OldJack]

Pass the stock to me. It is very common to pass stock to children or grand children. It should all be a part of your estate plan outlined in the living trust.

[vudu2k]

Originally Posted by OldJack

Pass the stock to me. It is very common to pass stock to children or grand children. It should all be a part of your estate plan outlined in the living trust.

Okay, well I just hope that I have sold the business or passed the operations on to trusted employees by the time I croak. haha.. I'll save some shares for you OldJack

[OldJack]

Thanks vudu2k... you made my day!

[SDLawyer]

Originally Posted by vudu2k

THanks - Funny thing is that I have since talked to my wife about this and she said she wouldnt even want to run the business. Geez.. I worked so hard to build this baby and she wouldnt take it for free! LOL. I guess it's back to the drawing board. She could still take ownership of shares, but not be an active participant.

The passion of one person often doesn't carry through a family. You should see the fireworks when a father finds out his son isn't interested. Assumptions are a dangerous thing.

SDLawyer