If you are involved in or thinking of an S crop, this discussion will likely be of interrest regarding any question of succession.
http://www.calt.iastate.edu/article/estate-and-succession-planning-s-corporations
"Conclusion
S corporations can be a useful estate/succession planning tool in the post-ATRA era. With the general plan now being one of inclusion of assets in the decedent’s estate, creating a separate entity for the successor generation can provide valuation benefits for the decedent. However, care must be taken in utilizing the S corporation. In addition, other entity types (particularly the LLC) can provide greater tax benefits on numerous issues. There are drawbacks to using an S corporation. Also, it’s important to remember that with any type of entity planning as part of an estate/succession plan, there is no such thing as “one size fits all.” As with any type of planning, consultation with experie"
