Expert: John Varghese - 5/30/2011

Question
I have a question. I own 20% of a USA company and have a daughter, if something should happen to me (death, accident etc,) I want my daughter to have economic rights? What exactly should I request to be specified in provisions? Would you please assist me?

Thank you in advance.

Answer
Dear Philip,

If you are a shareholder, you just need to register a nomination in respect of all the shares you hold in the name of your daughter, which will help her to succeed you smoothly in case of your death. In other cases, you can give a proxy to your daughter to exercise your voting rights if you are unable to attend the meetings.

Hope this clarifies,

Regards

John Varghese