Does a Buy-Sell Agreement Decide What Happens to My Business Interest in a Nebraska Divorce?
If you own part of a closely held business, or you're married to someone who does, the company's buy-sell agreement may set a buyout price. Does that price decide what the interest is worth in a Nebraska divorce? Not automatically. This post explains what the Nebraska Supreme Court actually decided in Brozek v. Brozek. It also covers why the agreement's exact wording and the valuation evidence both matter, and what an October 2026 Court of Appeals decision says about relying on tax returns. We close with what to gather and what to ask before anyone signs or responds to a proposed buyout.
My Business-Owner Parent Died in Nebraska. Who Runs the Company During Probate, and What If the Heirs Disagree?
When a Nebraska business owner dies, the heirs do not automatically get the keys. Who can pay employees, sign contracts, or decide whether to sell depends on the entity type, the governing documents, and whether the interest is held by an estate or a trust. This post walks through sole proprietorships, LLCs, corporations, and partnerships under Nebraska law, explains when a special administrator can bridge the gap before probate opens, and lays out what the county court can and cannot do when heirs disagree about the company's future.
What Happens When 50/50 Business Owners in Nebraska Can No Longer Work Together?
When equal business owners can no longer agree, the available options depend on the entity, governing documents, ownership records, and specific effect on the business. This Nebraska-focused guide explains LLC and corporate dissolution standards, the corporate election-to-purchase process, fair-value rules under Bohac, temporary court relief, and the risks of unilateral action.
What Happens to a Nebraska Business When Its Founder Loses Decision-Making Capacity?
When a Nebraska business owner loses the ability to manage financial or business affairs, family status alone does not determine who may act. Authority may depend on the power of attorney, operating agreement, bylaws, trust, existing management structure, bank documents, or a court order. This article explains how Nebraska law treats business powers of attorney, member-managed LLC interests, corporate voting, ordinary conservatorships, and emergency temporary conservatorships—and why authority over an owner’s interest is not always the same as authority to bind the company.
Please note:
The content on this blog is for general informational purposes only and is not legal advice.
Reading it does not create an attorney-client relationship.
For personalized guidance tailored to your specific circumstances,
it's always best to connect with a qualified attorney.