Family wealth, legacy, and closely held assets are often intended to bring stability and continuity across generations. Yet when disputes arise surrounding trusts, estates, or probate administration, the result can be the opposite—fractured families, stalled businesses, and significant financial risk.
Navigating Choppy Waters: Shareholder Disputes and Business Divorce
In closely held companies and partnerships, alignment between the business owners (i.e., shareholders in corporations, members in LLCs, or partners in partnerships) is essential for a healthy, well-functioning business. But when the owners disagree—over direction, control, finances, or fiduciary duties—those conflicts can quickly escalate into what are commonly known as...