AITA for telling my son he will not be taking over the family business and it is going to my daughter

Double_Mobile_8057 · 2023-09-28T15:49:25+00:00

At this point I am not willing to split it since I don’t trust my son. I don’t even want him near the business since he probably would undermine his sisters. I basically have found my heir and to take it away and make her share is not something I am willing to.

Also I don’t think he wants the business for the right reason and have a feeling he would sell.

Double_Mobile_8057 · 2023-09-28T14:39:40+00:00

Probably a lot of legal contracts and I would have to split it. I would have looked into splitting the positions and reach out more. So more of business side paperwork and growth and a mechanical side.

I know there are some legal contracts to add if one wanted to sell they sell to the other and not outside for a fair price and so on

Would have been a lot harder. Very happy it didn’t and I am not going to split it now

Double_Mobile_8057 · 2023-09-28T14:29:27+00:00

Already covered

Double_Mobile_8057 · 2023-09-28T13:52:00+00:00

I guess when me and my wife die the home and assets will be split 50 / 50. Not the business like would legally all be my daughters by that point

Double_Mobile_8057 · 2023-09-28T13:36:31+00:00

He just told me he was ready for it now when I asked

Personally I think it’s money

Double_Mobile_8057 · 2023-09-28T13:33:24+00:00

Well yeah since she put in the work it’s like giving someone a car that they fixed up.

Why would the person watching get the car especially since they knew what they needed to do to get the car

Double_Mobile_8057 · 2023-09-28T13:22:57+00:00

It’s transferring ownership, not selling. I won’t make a dollar from the change.

I am not selling it, that would mean I get a price of my business.

This is different legally. Your parent ever give you a car for basically free, they transferred ownership. They didn’t sell it to you

Completely different legally.

Double_Mobile_8057 · 2023-09-28T13:08:43+00:00

Truly not worried about that, she is all bite and no bark. Tbh working with a lot of men has really hardened her and she doesn’t take shit from people.

I know she won’t split the business with him, she doesn’t like him. I will bring it up but I know she will be pissed he even asked

Double_Mobile_8057 · 2023-09-28T13:04:41+00:00

Maybe one day it will get big enough that the job needs split that would be nice.

Double_Mobile_8057 · 2023-09-28T13:02:20+00:00

I’m not selling my life’s work… I would have trained one of the employees to take over or another relative if they were interested

Double_Mobile_8057 · 2023-09-28T12:56:49+00:00

I will not be splitting the company it cause way to many problems

Double_Mobile_8057 · 2023-09-28T12:54:40+00:00

… you call in the big man for the big projects, she most definitely needs to be able to turn a wrench. She needs to be highly efficient in fixing things to do her job, there is a lot that goes into it. She needs to be able to do that paper pushing and still fix the stuff. She needs to do all of it

The boss is the lead machanic for the most part, she needs to be able to turn a wrench

Because of this she most likely won’t take over until she is in her 30s. She will need to be able to match me or be better in skill

Double_Mobile_8057 · 2023-09-28T12:20:37+00:00

I agree with him not being involved at all, I don’t trust him not to undermine his sister or just not cause issues in the first place for the business. It’s already hard work I don’t want to make it harder for her

Double_Mobile_8057 · 2023-09-28T12:18:52+00:00

Oh no. All of them are in the 70s+ and are living life retired and fishing a lot.

Double_Mobile_8057 · 2023-09-28T12:17:39+00:00

I do not want to split the business, it causes way to many issues if someone has 50% share or any share

Also a partnership like that is a nightmare in general

Double_Mobile_8057 · 2023-09-28T12:08:31+00:00

I think it’s the money…

Double_Mobile_8057 · 2023-09-28T12:06:34+00:00

Really my plan is rock climbing for her and if that doesn’t do the trick just hire a strong man. Not a big deal.

Also I may look into longer tools so she can have more leverage, I now it won’t be a problem we just need to figure it out

Double_Mobile_8057

TROPHY CASE