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Updated over 7 years ago,
Partnership Structuring Question
When in a 50/50 partnership, is it common to have your portfolio go 100% to the partner when the other partner dies, or do you find most partnerships have beneficiaries outside of the entity? For instance should my partner and I plan on half of the business/portfolio go to partners heirs if they die? Just seems tough, because not everyone would want to manage rental portfolio, so you'd have a new business partner that has no desire to be in real estate, unless they just got the equity side of it... I'm sure there's several different ways to structure it, but wondering whats customary