Legal Question in Wills and Trusts in North Carolina
My Husbands Father died a few weeks ago, He owned a small company, and left 100% of the companies stock to my husband. Now the Exector of the will, tells my husband that he is the president of the company, has given my husband a $300.00 a week pay cut and is telling him that my husband only owns the company in name only, and in it's debits, but does not own any of the inventory or receivibles. Can this be true. The Exector also has told him, that he wants to buy his stock for $100,000, but noone has any idea what the company is truely worth. Can you advise me how to advise my husband.
2 Answers from Attorneys
Your husband should consult with an attorney in his area and bring all the necessary paperwork. This is not a question that can be answered in this type of forum.
My best advice to you and your husband is to get an attorney. The executor might well be exceeding his position. Your husband owns 100% of the stock. This is too important to be resolved with an email question. Seek Counsel.
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