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A 55-year-old former HVAC company owner spent 22 years building his business before selling it for $3.5 million after taxes and fees. Less than a month later, his brother asked where his "family share" was.
The brother had never worked for the company or put money into it. Still, he expected a six-figure payout. When the former business owner said no, his brother stopped speaking to him.
With the money now sitting in his account, he decided not to make any big moves right away. Instead, he spread it across stocks, bonds, cash and commercial real estate, figuring there was no reason to replace one concentrated bet with another.
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A 55-year-old former HVAC company owner spent 22 years building his business before selling it for $3.5 million after taxes and fees. Less than a month later, his brother asked where his "family share" was.
The brother had never worked for the company or put money into it. Still, he expected a six-figure payout. When the former business owner said no, his brother stopped speaking to him.
With the money now sitting in his account, he decided not to make any big moves right away. Instead, he spread it across stocks, bonds, cash and commercial real estate, figuring there was no reason to replace one concentrated bet with another.
Don't Miss:
#company #benzinga #less
2 months ago
