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Topic: So my dad passed..input needed
smilingeyes_976's photo
Fri 02/29/08 10:31 AM
sorry for your loss Rob, it sounds like you two weren't close though. It may have been his way of trying to make ammends? I honestly dont know you or the situation. You should do whats best for you and the people in that company. Whether its to sell it or place it in capable hands. Talk to your attorney. Or your fathers.

In any case. Good luck! And my condolences.

scttrbrain's photo
Fri 02/29/08 10:33 AM


Would this be something that your dad would have liked to be done? I think that you should follow whatever you think that your father would have liked for his company and employees. I know that might not be much help. Good luck.

quite frankly if he was concerned with it he should have made arrangements prior to his illness. I am not trying to sound cold, but people who are not prepared leave us in these situations. It is up to me now, I havent seen him in years prior to his death so I have no idea what he would have wanted


So, I am assuming you are an only child?? He has no siblings? How about grandchildren? Consult all that could be a part of this. Is there a will? Could make a huge difference. This could be something that could help others in the family.

As for giving the company to all who work there. Great idea. Now...there is also with that, legalalities. Make sure you know what you are doing to clear you from any goings on in the future.
Once given to them...you no longer have any control over who does what or who does anything. You know? It would and should be dealt with internally between all those that have a stake in it after it becomes their responsibility. Their votes of who they trust and what they feel is the right thing to do.
Maybe giving with a stipulation; you get a small percentage of all profits as long as the company is alive and well. Or give those profits to a homeless shelter or childrens agency.

Don't get in a hurry here. Take your time and do the best thing for all. Watch lawyers. They smell free money and they will be the only ones coming out smelling like a rose.

It is a terrible thing to lose a dad or mom. My thoughts are of the families loss.

Kat

Single_Rob's photo
Fri 02/29/08 10:34 AM
a lot of good input people, thank you. The house will be handled just like the two cars I donate per year. I will pick a religeous orgnaization out of the book with a dart, and talk to the parrish head for his/her most needy family, and research it myself prior to the donation. He never did a good thing in his life that I know of, so I will use his holdings to do it for him. I really don't need it, nor do I have a desire to have it. Perhaps if life had turned out differently with us, I would feel differently, but I don't. I may go ahead and sit on it for a couple months, but certainly not a year. The house, cars, and holdings will be gone immediately

a_brand_new_life's photo
Fri 02/29/08 10:35 AM
I AM SO SORRY FOR YOUR LOSSflowerforyou
I LOST MY DAD TO CANCER 2 YEARS AGO AND HE WAS MY
BEST FRIEND.brokenheart I AM STILL NOT OVER THE HURT.
DO WHAT YOUR :heart: TELLS YOU TO DO AND EVERYTHING
WILL WORK OUT FOR THE BEST. ALWAYS, SHIRLEY:heart:

Redsoxfan1's photo
Fri 02/29/08 10:36 AM
Rob, I have no info on the business end of it, but I wanted to offer my condolences. I know how hard that is, 3 years ago I lost my mom to drunk driving, and 6 months after her, my boyfriend passed from liver failure! I know from experience how tough it can be. My thoughts and prayers will be with you and your family during this difficult time.:heart: flowerforyou

Single_Rob's photo
Fri 02/29/08 10:36 AM



Would this be something that your dad would have liked to be done? I think that you should follow whatever you think that your father would have liked for his company and employees. I know that might not be much help. Good luck.

quite frankly if he was concerned with it he should have made arrangements prior to his illness. I am not trying to sound cold, but people who are not prepared leave us in these situations. It is up to me now, I havent seen him in years prior to his death so I have no idea what he would have wanted


So, I am assuming you are an only child?? He has no siblings? How about grandchildren? Consult all that could be a part of this. Is there a will? Could make a huge difference. This could be something that could help others in the family.

As for giving the company to all who work there. Great idea. Now...there is also with that, legalalities. Make sure you know what you are doing to clear you from any goings on in the future.
Once given to them...you no longer have any control over who does what or who does anything. You know? It would and should be dealt with internally between all those that have a stake in it after it becomes their responsibility. Their votes of who they trust and what they feel is the right thing to do.
Maybe giving with a stipulation; you get a small percentage of all profits as long as the company is alive and well. Or give those profits to a homeless shelter or childrens agency.

Don't get in a hurry here. Take your time and do the best thing for all. Watch lawyers. They smell free money and they will be the only ones coming out smelling like a rose.

It is a terrible thing to lose a dad or mom. My thoughts are of the families loss.

Kat

I am the only sibling, and the will has already been gone over. He had the same attorney since I was a kid, and I have ahd the same attorney for 10 years. I am right with everything there, and I feel the employees made it, and if I don't want it they should have first crack.

TxsGal3333's photo
Fri 02/29/08 10:37 AM
Well regardless how life did not go for you two. Within your heart in the end you will know what you did with his things were the best and in the end you will make a difference and touch many many lives in the process. God luck to you in what ever your choices are.flowerforyou bigsmile flowerforyou

a_brand_new_life's photo
Fri 02/29/08 10:52 AM
I AM SO SORRY FOR YOUR LOSSflowerforyou
I LOST MY DAD TO CANCER 2 YEARS AGO ON
CHRISTMAS EVE. I'M STILL NOT OVER THE HURTbrokenheart
HE WAS MY BEST FRIEND. I SAY JUST DO WHATEVER YOUR :heart:
TELLS YOU TO AND EVERYTHING WILL WORK OUT FOR THE BEST.
BE SMART AND USE YOUR BUSINESS SENSE WISELY. REMEMBER
THERE ARE A LOT OF :heart: INVOLVED AND THEIR FAMILIES
DEPEND ON THAT BUSINESS TO LIVE THEIR LIVES. AND
ONCE AGAIN I AM SORRY:heart:
ALWAYS, SHIRLEY:heart:

knightless's photo
Fri 02/29/08 10:58 AM
That's fine...I don't mean to offend. That's the advice I was given, and it does help..but everyone is different. Do what you feel is right...

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