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Property, Vehicles, and Utilities

What about their business property or equipment?

Short answer

Business assets are part of the estate if they were sole proprietor. Partnership and LLC assets depend on the operating agreement — the other partners or members typically have first rights. Get a business attorney involved before touching or distributing business property.

What this usually means

Business assets are part of the estate if they were sole proprietor. Partnership and LLC assets depend on the operating agreement — the other partners or members typically have first rights. Get a business attorney involved before touching or distributing business property.

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