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fair division of family assets

102 replies

YorkieBarn · 09/03/2022 20:35

Hello

I’m looking for some unbiased thoughts about what would be a fair division of a family business/ property.
My DH is one of 3 brothers who all worked in the family business as children/young adults.
One brother then took over running the business when their parents retired. It was always successful and is now even more so, there are
some stresses associated with the business but also lots of perks. DH and the other brother have worked hard in their jobs and no one is financially hard up, the brother running the business is now extremely well off.
In the past DH and brother have been partly bought out and there are now negotiations about about finalising the splitting of the business. At present DH and brother have both been paid out about 5% of the current value of the business.
Obviously everyone involved has their own views about this. Brother with the business says he works hard and deserves all/most of it. The others think this is unfair as they would have expected at least a 1/3rd share of the value of the business when parents retired with some adjustments for inflation etc.
Any thoughts...........?

OP posts:
TizerorFizz · 12/03/2022 20:44

This is a very circular thread with little understanding of a family business and the dynamics within it. I would imagine no one has a family business. It is a lot more complex than the black and white views expressed here if toh want to maintain any semblance of family unity. Dictating, favouring, not talking and consulting all lead to strife.

PegasusReturns · 12/03/2022 21:42

Where does the "should" come from? Don't you think people should have autonomy about their own money?

I think parents should split inheritance fairly between all children unless there are compelling reasons not to.

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