Q: Need help in finding value of asset.
My Father passed away in Florida. Most of the items were placed in a trust in which I am a trustee of. One of the items that we found in the Trust name was a 35% share in an active Florida LLC. We have no idea what this asset is worth. We have tried to contact the registered agent and the managing partner by certified mail, telephone and email but to no avail. What is our next step?
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A: Attorneys are not qualified to give opinions of value but an attorney might be able to help you pursue a claim for your mother’s interest in the LLC. You might need to hire an attorney to sue the LLC for an accounting and to subpoena records that might help a business appraiser determine value. The risk of course is you throw good money after bad if the investment turns out to be worthless. You might just hire a paralegal to do a litigation search to see if others have sued that LLC and see how those cases turned out.
A: Your next step should be to talk to an attorney in Florida near where the LLC is located.
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