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If an LP (Limited Partner) passes away, the LP's partnership interest is handled according to the arrangements made with respect to the LP's heirs, executors/administrators of the estate, successors, etc. The LP is responsible for settin...
If an LP (Limited Partner) passes away, the LP's partnership interest is handled according to the arrangements made with respect to the LP's heirs, executors/administrators of the estate, successors, etc. The LP is responsible for setting these arrangements up. These arrangements can vary and are subject to different regulations and requirements depending on the country or state. Therefore, agreements like the Limited Partner Agreement (LPA) generally remain silent on any specifics.
