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to want my husband to be a director in family business

28 replies

huehuetenango · 31/05/2013 17:07

My husband's dear father died last year. He had a farm/estate and left it to my husband. MIL and FIL were directors of the farm, and wanted DH to become a director. He always tried to get out of this because he was more interested in his own career. He did want to inherit though, and wanted his father to feel that the farm would be valued by him.

Anyway, a few months before FIL died, DH agreed to become a director, but unknown to me postponed it, and so he still isn't signed up.

Now MIL is the only director. Does this mean that DH has no legal control over financial outgoings, even if the farm is in the process of becoming legally his?

MIL's son from her first marriage is an experienced businessman and is very kindly helping her. But shouldn't DH as the heir be more involved? Are there legal implications?

OP posts:
ArabellaBeaumaris · 31/05/2013 19:12

I know nothing about the ins & outs of inheritance/businesses but wondered whether you have joint finances? Just struck with you talking about having to ask him for more money.

huehuetenango · 31/05/2013 19:14

Well I meant I wanted to ask for more money in the sense of more family shared income, which he could potentially get from the family business.

OP posts:
MrsSparkles · 31/05/2013 20:30

Hue maybe if its a sensitive topic (apologies if it isn't) you could approach it from the angle of sorting out your own affairs - when you own a business your own will suddenly becomes horrendously complicated - and this maybe a non-confrontational way of approaching the subject so you both understand fully the situation.

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