Property business to trust how does it affect contracts?

[rey]

The people I work for took there property into a trust and named their children as trustees. They rent the property from the trust. Essentially it is a big tax evasion of sorts. I believe they are set to renegotiate my contract.

My question is this, when something goes into trust or a business is bought or taken over, what obligation, if any, do the new holder/owners/operators have to honor old contracts? Can they boot us out?

Thanks

[Stanwood_Dave]

I can recall when Washington Redskins heirs had to sell their stadium, to pay the inheritance taxes. The result of no estate planing.

Joe Robbie saved anywhere from $2000.00 to maybe close to $8000.00 dollars {price from the law firm Dewey, Doem, Screw-em, Cheetam, Righteously and Howe} in estate planning, costing the heirs millions of dollars.

http://www.forbes.com/sites/mikeozanian/2016/07/26/the-next-three-nfl-teams-that-might-be-sold/#3f358f9074e0

Source: www.forbes.com When {Washington Redskins} team owner Joe Robbie died in 1990 his family didn’t have the money to pay the estate taxes.