Business Owner Death and Complex Estates
What if the business has ongoing government contracts?
Short answer
Federal and state government contracts often have specific novation or termination provisions triggered by a change in ownership or key personnel death. Notify the contracting agency immediately. Failure to notify can result in contract termination and penalties.
What this usually means
Federal and state government contracts often have specific novation or termination provisions triggered by a change in ownership or key personnel death. Notify the contracting agency immediately. Failure to notify can result in contract termination and penalties.
What to do next
- Start the PathAfter checklist for situation-aware first steps.
- Find California county help for coroner contacts, vital records, cost tools, and paperwork.
- Open the First 72 Hours Call Log before making calls.
- Open the Documents to Find Checklist when you are ready for paperwork.