Can a business ownership interest be transferred by trust or will? | NC

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Q: Can a business ownership interest be transferred through a trust or will? A: Yes — often it can. A will or revocable trust can direct who should receive a business interest, and a trust may also help avoid probate for that asset. But the estate plan does not control by itself. The business's own documents — like an operating agreement, shareholder agreement, partnership agreement, or buy-sell…