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      socca replied to the thread my toxic inheritance.
      I investigated this and the initial results weren't too promising. Universities didn't seem interested in private company stock that...
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      socca replied to the thread Rethinking Inheritance.
      There is a third type of inheritance: responsibility. Anyone doing estate planning or settlement work has encountered trustees who...
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      socca replied to the thread my toxic inheritance.
      A while back I contacted some banks about loaning the company some money that could be used to buy back my stock at a deep discount to...
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      socca replied to the thread my toxic inheritance.
      Family businesses are complicated. What seems 'logical' may not fly due to years of emotional baggage and lingering resentments. The...
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      socca replied to the thread my toxic inheritance.
      Thanks for the hint. Might not be appropriate for our situation but it's nice to know the options.
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      socca replied to the thread my toxic inheritance.
      (1) A fractional CEO would have to be trained and then managed. And when I micro-manage her to the point that she quits in disgust I'd...
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      socca replied to the thread my toxic inheritance.
      (1) The liquidation value of the company is high based on the disposition of a similar company I managed last year. The return on assets...
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      socca replied to the thread my toxic inheritance.
      Correct on all three counts! BTW: I'd like to have a smooth operator like Susie Glass (actress Kaya Scodelario) from the Netflix series...
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      socca replied to the thread my toxic inheritance.
      It's not a money issue. It's a time issue. Too much aggravation and 'headspace' occupied by a never-ending stream of problems. Another...
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      socca replied to the thread my toxic inheritance.
      They would continue to do what they do now - nothing. Therein lies my entitlement complaint: when folks are used to having everything...
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      socca replied to the thread my toxic inheritance.
      The company owns a large amount of valuable land. I like to say that the company is valuable despite the management rather than because...
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      socca replied to the thread my toxic inheritance.
      Thanks for the feedback, everyone. Additional info: • running a successful business means solving an endless stream of technical...
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      socca posted the thread my toxic inheritance in FIRE and Money.
      I have a relative who inherited stock in a closed corporation from her deceased spouse. She’s not too good with technical matters...
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      I watched the first episode of Baby Reindeer on Netflix. Good performances by the lead actor and actress. Morbid obesity is both...
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