HIGH OF MOM’S HELP IS DRAG ON FAMILY BUSINESS
DEAR ABBY:
Twenty ago, my sister and I bought a business from our mother. We love and respect one another and get along well. We be finished paying off the business in two years.
Our problem: Mom, who is now 77, still draws a from us above and beyond the payment for the business. Her workload has lessened greatly, it should. She could do all of her work in one and lessen the burden of her salary. However, she she’d “go crazy” if she retired. We don’t want that. could still come in as often as she wants 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 worth the money.”
We don’t want do that. We would hope she would see the fairness of and suggest it herself.
Business expenses are going through roof, and there are updates we should make, but 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