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Authority to Continue Business Interests

Book Publication Date: Nov 2012
Description: Provision in will in which testator grants his executors and trustees broad authority to retain and continue testator's business interests
Type: Contract Clauses
PLI Item #: 41764
Practice Area: Estate planning, Estates and trusts, Income tax, Tax

Keywords: "Authority to Continue Business Interests"; "fiduciaries and administrative powers"; authority to retain and continue business interests; authority to retain and continue business enterprises; to expand, contract, and discontinue the business; organize and dissolve partnerships, corporations, limited liability companies, and other business forms; use the general assets of my residuary estate; Executors or Trustees may be beneficiaries under this will

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