HIGH PRICE OF MOM’S IS DRAG ON FAMILY BUSINESS
DEAR ABBY:
Twenty years ago, my sister I bought a business from our mother. We all and respect one another and get along well. We be finished paying off the business in two years.
Our problem: Mom, who is 77, still draws a salary from us above and beyond payment for the business. Her workload has lessened greatly, as it should. could do all of her work in one day and the burden of her salary. However, she says she’d “go crazy” if retired. We don’t want that. She could still come in as as she wants and do her personal paperwork, banking, letter-writing, reading, etc. These are all things she at “work” — on the clock.
If we try to discuss this, Mom gets and says, “Just let me know when I’m not the money.”
We don’t want to do that. We would hope she would see the fairness of this suggest it herself.
Business expenses are going through the roof, and are updates we should make, but we can’t do it as long as we are paying Mom at level we are, on top of the money for buy-out.
DAUGHTERS DEAREST