Succession issues in co-ops regarding the inheritance of apartments upon a shareholder's death are prompting boards to update proprietary leases to include domestic partners and adult children, but considerations such as financial impact and occupancy rights must be carefully weighed.
HABITAT
“Inheritance” returned 8 articles
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ArticleTopicsColumn TypeIssue
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Succession
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The Son Also Inherits
Can a board prevent an heir from taking control of their deceased parent’s shares?
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Geoffrey Mazel, Hankin & Mazel
Be sure you’re protected when shareholders want to transfer shares to a trust.
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A Conversation About Share Inheritance
How do you deal with board intimidation when you’re trying to put together an estate?
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Beware of Multiple Heirs
A co-op passed on to an heir did not specifically name that heir as the beneficiary.
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Same-Sex Survivor Spouse Rights - Norris McLaughlin & Marcus
Are same-sex married couples in New York entitled to automatic survivor ownership of their co-op shares if one of them dies?
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Talking Points
How to ask the right questions at the management interview is not a science, it’s an art.
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’Til Death Do Us (A)part(ment)
Inheritance issues for the unmarried.
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