Tuesday, August 09, 2022 1:25:30 PM
I think the fly in the ointment .... acquiring 2 businesses. IMO, still signed by an appropriate corporate officer but then what happens to the proceeds of that sale ?
Also a question of the titling of ownership of assets. Probate in Florida only applies to assets that were in the sole name of the deceased with no co owner or automatic succession provision on death. We don't know how Mr Lorton set up his ownership of his companies etc.
I've unfortunately been going through this process in Florida with a piece of land my dad owned when he passed away last year that was solely titled in his name. So seeing Florida probate from the individual level but not the corporate situation that ECSL is in.
Amigo Mike
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