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Continuing the Family Business After Its Founder's Passing: The Austen Family Legacy | Burns & Levinson LLP - Vimarsana News

Continuing the Family Business After Its Founder's Passing: The Austen Family Legacy | Burns & Levinson LLP

To embed, copy and paste the code into your website or blog: The adult children of Jack Austen – Kate, Charlie, and Claire – are gathering a few months after their father’s passing to remember him and discuss what to do with the family business, Oceanic Real Estate, LLC.     Each child inherited an equal interest in that business, much to Kate’s dismay as she anticipated being the sole heir. While Kate is independently evaluating whether to legally challenge her siblings’ rights to the business – see “What To Do if Estate Assets Need To Be Managed During Litigation: Examining ...

What To Do if Estate Assets Need To Be Managed During Litigation: Examining the Austen Family | Burns & Levinson LLP - Vimarsana News

What To Do if Estate Assets Need To Be Managed During Litigation: Examining the Austen Family | Burns & Levinson LLP

To embed, copy and paste the code into your website or blog: In our new family, the Austens, father Jack Austen, built up a successful residential real estate company, Oceanic Real Estate, LLC. Upon his tragic death in a plane crash in 2019, it is likely that at least Kate will challenge Jack’s Will. During this anticipated Will contest – before the allowance of Jack’s Will and the appointment of a Personal Representative – his estate assets are in limbo and need to be managed. Thankfully, the Massachusetts legislature enacted statutes that enable the appointment of a temporary fiduci...