Q: What happens if someone passes away and owned a business in partnership without a will?
My mom recently passed away. She owned a Business in partnership with one of my siblings. What happens to her portion of the business? Does it go to the sibling who is the partner? Or does it go to all of the siblings?
A: Maryland has extensive partnership statutes that must be considered with whatever partnership agreements exist, and terms of a will, or the intestacy statutes. The Personal Representative of her estate should consult a lawyer.
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