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What Happens to My LLC Interests When I Pass?

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Many people create a Limited Liability Company, LLC, for a variety of business purposes. Perhaps it is to manage and invest in real estate. Others may be forming an LLC to run a business. Although easy to form on most state corporation websites, many people often fail to create the necessary operating agreements determining how the business is managed among its members and what happens when a member passes. Absent an agreement among its members, Virginia, like many states, only grants the estate of a deceased member a passive income right - no control, no say so in management. Many family members are often left shocked and disadvantaged as to their rights. Proper legal documents can be drafted to create an orderly business succession plan making known what will happen when a member dies - protecting a member’s family from being left from the outside looking in.
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    "An excellent estate planning attorney"
    Mr. Burton, Esq. is an excellent estate planning attorney and I recommend him with a 5 star rating. He is patient and answers all questions. His organization of the plan that he provided was in a binder and very complete.
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    "Very professional, friendly, thoughtful, and highly knowledgeable, Fallon expedited preparation and delivery of my documents. Overall, this was an awesome experience"

    I just had a great experience with this firm in preparing my estate planning documents. I needed to update some wishes and also ensure everything is in line for the state of Virginia, as I moved here from Pennsylvania. I worked with Fallon Francesca Whi

    - Wendy V.
    "I would highly recommend him."
    I have met with Mr Burton several times and always found him to be professional and personable
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    "Highly recommended for estate planning"
    We were heard and guided to do the best for our families needs
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    J S Burton, PLC has helped with my estate planning. All aspects of my trust are clearly defined in an easy-to-understand folder. They coordinated with my financial planner seamlessly. The staff is friendly and personable. I highly endorse J S Burton.
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    J S Burton, PLC has been our family's trusted estate planner for over 20 years. Their professionalism, knowledge, and dedication are unmatched. They guide us through complex decisions with ease and clarity, always with a personal approach.
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    J S Burton, PLC is an excellent estate planning firm—highly skilled, knowledgeable, and experienced. They listened with great kindness, compassion, and courtesy. All questions were answered, and a perfect estate plan was created. Very happy!
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