HIGH OF MOM’S HELP IS DRAG ON FAMILY BUSINESS
DEAR ABBY:
Twenty ago, my sister and I bought a business from mother. We all love and respect one another and get along well. will 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, as should. She could do all of her work in day 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 and her personal paperwork, banking, letter-writing, reading, etc. These are all things does at “work” — on the clock.
If we to discuss this, Mom gets hurt and says, “Just me know when I’m not worth the money.”
We don’t want to do that. We would hope she see the fairness of this and suggest it herself.
Business expenses are going through the roof, and 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