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Blake is a senior partner at the Goodman Public Relations Firm. Blake is the most influential partner in the firm and has the largest and
Blake is a senior partner at the Goodman Public Relations Firm. Blake is the most influential partner in the firm and has the largest and most valuable client list. Blake's spouse, Alex, also works for Goodman as a senior counsel. Alex has worked closely with Blake and knows the client base well. When Blake dies, which of the following is true? Blake's partnership interest and the value of that interest pass to Alex, as heir. The value of Blake's partnership interests passes to Alex, but not the partnership interest itself. Neither Blake's partnership interest nor the value of that interest passes to Alex, as the partnership terminates when Blake dies. Blake's partnership interest passes to Alex, but the economic value of that interest is reinvested in the firm
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