Partnership agreements routinely restrict the assignment of ownership interests unless the remaining partners consent to the transfer. Many of those Partnership transfer clauses allow for transfer without consent if the assignment is to a family member or acquisition is through the right of inheritance.
The parties litigated the issue of what if any fees should be paid for establishing a conservatorship and by whom or what. The parties entered into a stipulated order stating that the trust of the ward of conservatorship shall pay the fees. Then the Court entered a new order directing the parties to submit documentation as to how the entities were benefitted.
Please join us for the 2024 Annual Kemp Klein Foundation Charity Golf Outing on Monday, September 16th. This year’s event will take place at the beautiful Boulder Pointe Golf Club at One Champions Circle in Oxford, Michigan. All proceeds will benefit Forgotten Harvest.
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