According to Ledgers' 2025 Franchise Disclosure Document, if the franchise agreement is held by joint tenants or tenants in common, all joint tenants or tenants in common must participate in any transfer of ownership interest. However, this requirement does not apply to individuals who are deceased or under a legal disability. This means that the estate of a deceased Ledgers franchisee is not required to join in the transfer of ownership interest.

This provision offers some flexibility in the event of a franchisee's death, allowing for the transfer of the business without necessarily requiring the estate to be directly involved. This can streamline the transfer process and potentially expedite the transition of ownership.

However, it is important to note that other conditions and requirements may still apply to the transfer of a Ledgers franchise after the death of a franchisee. For example, the executor or personal representative of the deceased franchisee's estate must seek a transfer of rights within 60 days of the death, complete the transfer within six months, pay all outstanding monies, including transfer fees, and sign the current transfer and release form. The transferee must also meet certain requirements and may need to enter into a new franchise agreement.