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06.26.08, 19:09 PM General Topics
19 replies
advice - my parents helped my brother start a business about 12 years ago - it has been a money sucker and continues to drain money - my parents who have two houses worth a couple of million each are now selling one of them to help this company - my brother is an emotional wreck they have nothing else for their retirement - my dad is a doctor (67) and claims he is happy to keep working until he can't - no one listens to me to just quit while there is still money left - [ Reply | Watch | Flag ]
General Topics 06.26.08, 07:09 PM Flag
 

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Nothing else? How about a home worth a couple of million dollars? Does that count? [ Reply | More
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General Topics 06.26.08, 07:10 PM Flag
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they will end up having to sell that too given the pattern - do you see my frustration at all? [ Reply | More
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General Topics 06.26.08, 07:11 PM Flag
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It will be their choice as to when to draw the line in the sand. Maybe they sell this house, downsize to something more modest, live off the equity, and stop helping in X years. This has nothing to do with you. [ Reply | More
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General Topics 06.26.08, 07:14 PM Flag
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it's between your parents and your brother, it's not your problem. [ Reply | More
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General Topics 06.26.08, 07:12 PM Flag
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NP: she might be thinking of her inheritance [ Reply | More
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General Topics 06.26.08, 07:16 PM Flag
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Which is not something anyone's entitled to; it's her parents' money to spend as they see fit. [ Reply | More
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General Topics 06.26.08, 07:17 PM Flag
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Then she would do well to remind herself that she isn't entitled to an inheritance [ Reply | More
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General Topics 06.26.08, 07:18 PM Flag
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gmta. [ Reply | More
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General Topics 06.26.08, 07:18 PM Flag
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this is all well and good and very mature but wouldn't you be a little pissed if you were the responsible one who has worked really hard, married had a child continues to work but can't afford a house - brother is profoundly immature and stressed, has no money at all no relationship let alone kids and has gotten millions from then and I haven't gotten anything nor will I because they are obsessed with him yet I am the one they depend on emotionally - I know it's there money but it's also money that my father inherited from his mother that was to go to the 'family' [ Reply | More
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General Topics 06.26.08, 07:18 PM Flag
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it's okay to be pissed, but unfortunately there is nothing you could do about it. [ Reply | More
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General Topics 06.26.08, 07:19 PM Flag
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Well you have to let that part go. It's not under your control. You CAN call your brother and tell him to knock it off and get a real job and stop sucking your parents dry, but in the end, it's your parents' call. Sucks for you. [ Reply | More
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General Topics 06.26.08, 07:20 PM Flag
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somebody has to make a call, they probably feel uncomfortable to stop supporting him since they probably think he won't make it on his own, the truth is he won't make it until he feels responsible for his own actions. they have nice intentions but they are not helping him by constantly supporting him (at least for the last 12 years if I am reading it correctly) [ Reply | More
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General Topics 06.26.08, 07:23 PM Flag
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that's what I keep telling them - they claim to agree but can't actually do it - I'm trying to tell my mother it's like controlled crying for a baby since she was so into me doing that for my son [ Reply | More
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General Topics 06.26.08, 07:30 PM Flag
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If your grandmother wanted the money to go to "the family", she would have structured the estate with trusts that achieved that goal. Clearly she didn't. It isn't your money. You aren't entitled to it. If they want to donate it all to homeless kittens, they can. You have to accept this and move on. [ Reply | More
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General Topics 06.26.08, 07:21 PM Flag
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of course, they are HER parents too. they need to read wikipedia entry on sunk cost. it's time to quit if it did not work for all this time. [ Reply | More
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General Topics 06.26.08, 07:21 PM Flag
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what kind of business? [ Reply | More
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General Topics 06.26.08, 07:14 PM Flag
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business has lost money for the past 12 years? [ Reply | More
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General Topics 06.26.08, 07:19 PM Flag
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I would be pissed too. Your brother should be supporting his "business" by now. [ Reply | More
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General Topics 06.26.08, 07:20 PM Flag
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op: at this point I would rather they had given the money to kittens - they are so panicked about what they have done and see no way out and feel like if it just had this one little extra boost it will make all the difference - I have seen my brother have multiple meltdowns over this company - I want the stress to go away more than anything else - it's a weird pride/ego thing on my father's behalf to not be able to walk away and that is why it is driving me crazy and it's really sad to see that standards of their lifestyle slipping and my brothers future as a responsible adult slip away. I'm a hard worker and will probably get to where I need to be financially on my own, yes the money would be nice but at this point I feel like I've lost my family [ Reply | More
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General Topics 06.26.08, 07:28 PM Flag
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