Some Estate Planning Implications of Bucket Companies A bucket company may end up holding large sums of cash and should, therefore, be considered in your asset protection plan and for estate planning purposes as well. What could happen if the shareholder dies while the company has cash? Shares owned by the deceased pass via their will or, if there is no will, but the intestacy laws. So make sure these shares end up in the right hands. If the shares do end up in an individual’s hands what are the asset protection risks and tax consequences. If the shares are owned by the trustee of a trust the shares will not pass via the will. In these cases, the control of the trust post death needs to be considered.