Re: Estate Planning Question - Saab General Bulletin Board - Saabnet.com
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Re: Estate Planning Question
Posted by jp (more from jp) on Tue, 11 Jul 2006 07:16:48
In Reply to: Estate Planning Question, Randy Thatcher [Profile/Gallery]
, Mon, 10 Jul 2006 22:52:53
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One thing to prevent a problem in the future is to make sure your brother gets compensated properly for his work in the mail order company, regardless of how things get divied up. It would be good to set a value on the business too.
Some family members work harder than others at the family business and don't get paid full wages because they expect it as owner distribution. (Trying to save a few bucks on payroll taxes, etc...)
If he ends up with 1/3 of it for some reason, but does more work than everyone else and gets paid the same, it will be bitter for him and create division.
Posts in this Thread:
- Estate Planning Question, Randy Thatcher , Mon, 10 Jul 2006 22:52:53
- Back from Japan?...., Mike Lynch , Tue, 11 Jul 2006 14:32:11
- succession planning, phillymb75, Tue, 11 Jul 2006 08:10:37
- Agree with TKC, Thank your parents for doing this now.., MI-Roger , Tue, 11 Jul 2006 07:48:22
- Re: Estate Planning Question, jp, Tue, 11 Jul 2006 07:16:48 <-- Viewing This Message
- It's is all up to your Dad (and Mom) to decide....., TKC, Tue, 11 Jul 2006 06:52:49
- potentially difficult questions, Sam, Tue, 11 Jul 2006 06:13:20
- It's easy, dudewithasaab, Tue, 11 Jul 2006 13:48:23
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