When someone with a family and a business suddenly dies, sensitive estate issues arise and can often become complicated, especially if the decedent was in the midst of strained business negotiations or when the death was the result of a suicide. In these situations, it’s essential for surviving family members to hire a good attorney in order to keep a stressful situation from deteriorating further. The following case illustrates such a situation.
Chi Pham, a physician, became ill in 2012 and was unable to continue her Lafayette, Louisiana medical practice. Dr. Pham ran the practice through Chipham, a corporation she had formed, which owned the physical aspects of the business. On August 6, 2012, Chi Pham negotiated a non-binding Memorandum of Understanding with Southwest Medical Center Multi-Specialty Group (SWMG) that outlined a proposal for SWMG to purchase certain assets of Dr. Pham’s medical practice. The Memorandum also laid out the terms and conditions for the lease of her office building and the possibility of Dr. Pham resuming the practice as an employee of SWMG when she was sufficiently recovered. In conjunction with this Memorandum, Dr. Pham signed the First Medical Records Transfer Agreement, which transferred responsibility for Dr. Pham’s patient medical records to SWMG. Ultimately, negotiations between Dr. Pham and SWMG failed and the parties rescinded the First Medical Records Transfer Agreement. Approximately two months later, the parties signed the Second Medical Records Transfer Agreement.
Meanwhile, negotiations continued on the points outlined in the non-binding Memorandum of Understanding. These negotiations culminated in an offer that was sent to Dr. Pham, acting on behalf of Chipham. Dr. Pham committed suicide without accepting the offer. Following his wife’s death, Bau Pham tried to finalize the negotiations but was unable to come to an agreement with SWMG. SWMG formally discontinued the negotiations on April 29, 2013, and on May 2, 2013, Bau Pham dissolved Chipham.