Quote:
Originally Posted by Jimbo56
Dads too old. Gifts stock to the kids. Kids see lump sum value and have no want or desire to “work” and feel pride about something. They sell out. Take their lump sum.
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IME, that's not how that works ... The kids realize they don't have the business acumen, interest, or passion needed to run the business. Rather than upend their lives, they sell it to someone that does. I'm not speaking of Tiffin in particular, but generally, just as you did. e.g. One kid goes into engineering and already has a successful career in that field, another goes into the arts and has a successful career in that field, etc. After all, by the time their dad passes away, the kids are in their 40s or 50s and have well established lives of their own. It's usually not a money grab for the easy life.
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