Father and daughter owns an S Corporation. Father owns 60% and daughter 40%. If the dad passes away what happens to the S corp. Can the daughter inherit her dad's shares without affecting the S Corp status. Are shareholders of an S Corp allowed to have an irrevocable trust? Which kind of trust is best for S corp owners?

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Inheritance and S Corp Status Passing of Shares When the father passes away his 60 share of the S corporation will be subject to his estate plan Depen... View the full answer