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