OP’s husband, a 26-year-old man, has been employed at his family’s business, which was founded by his grandfather, Big Jim, since he was 18 years old.
He Revived the Business
Initially working in the parts department with no knowledge of trucks, he is now the service foreman, having worked his way up through the ranks.
Over the last three years, he has managed to revive the business, which was barely surviving on regular customers, by bringing in new clients and hiring more mechanics.
In addition to his mechanical work, he has taught himself to handle the business aspect, running reports, processing inventory, and managing finances.
He is deeply passionate about his work, often working at least 60 hours a week, and dreams of owning the company one day and passing it down to his children.
Company Founded by Father, Big Jim
OP’s father, Jimmy, is the current general manager of the family business, which was founded by his father, Big Jim.
However, unlike OP’s husband, Jimmy does not share the same passion for the business. He views it merely as a job that he will inherit from his father and eventually sell.
Jimmy has no expertise in servicing vehicles and is solely responsible for managing the administrative aspects of the business, such as answering phone calls, scheduling appointments, and handling service write-ups.
Additionally, Jimmy travels for about four months out of the year, leaving OP’s husband to manage the business on his own during that time.
Her Sunshiny Retirement Dreams
OP’s husband’s parents have frequently discussed their eagerness to sell the family business as soon as Big Jim passes away.
Their plan is to use the proceeds to purchase a larger home in the southern region, thereby freeing themselves from the responsibility of running the shop.
However, this decision would also deprive OP’s husband of the opportunity to inherit the business that he has dedicated his time and energy to improve.
Several months ago, during a visit from Big Jim, OP’s husband took the opportunity to share some upsetting news with his grandfather.
He revealed that his father had no intention of keeping the family business within the family, which was devastating for Big Jim to hear.
Bypassing Unenthusiastic Dad
In an effort to preserve the business for future generations, OP’s husband suggested that their names be added to the will, bypassing his father and allowing the business to pass directly to him.
Big Jim agreed to this proposal and made the necessary arrangements.
A few days ago, OP’s husband’s parents learned about the arrangement made between his grandfather and him, and they were furious.
They accused OP and her husband of being greedy and trying to steal what was rightfully theirs by birthright.
They further argued that Jimmy had been working at the family business for over 40 years, compared to OP’s husband’s tenure of less than a decade.
According to them, OP and her husband had no right to interfere with their plans for the business, and it was not their concern.
Ruining Their Selfish Retirement Plans
They claimed that the business had always been reserved for them in the will, and accused OP and her husband of ruining their retirement plans.
Some commenters believe that it’s the grandfather’s decision to make and that the uncle feels entitled to the business because of seniority.
Others suggest that the uncle is not qualified to take over the business and would only sell it off for a big payout.
They also criticize the in-laws for assuming that the business is their golden retirement fund.
Some commenters ask for more information but most agree that the husband is not in the wrong and that it’s ultimately up to the grandfather to decide who gets the business.
Listen Gold-Digger, It’s up to Big Jim
One user wrote “You and your husband openly communicated with the person who’s choice it was to hand down the business and they changed their mind.
They just feel entitled to owning it because of seniority and the underlining expectation that they would always receive it once he passed.”
Some commenters suggest that the grandfather should turn over the business to the husband while he’s still alive to avoid an ugly court battle over the will.
Another commenter accuses the mother-in-law of being a gold digger who overestimates her worth in the situation.
Overall, the majority of commenters side with the Reddit user and believe that the grandfather has the right to choose who will inherit his business.
What do you think you would do in this situation?
The post He Wants to Leave His Business to His Grandkids to Bypass His Work-Shy Son first appeared on The Net Worth Of.
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