Former Cleveland Indians owner Dick Jacobs sues his niece and nephews for compensation of $120M. To be fair, that’s only $8M a year for 15 years’ service as the trustee of their father’s estate.
Posts Tagged inherited wealth
Subscribe to inherited wealthWhose Wealth Is It?
Monday, July 30th, 2007Phil and Marty Edwards have co-owned Edwards Brothers, multiple franchise holders in the moving industry, since their parents died twelve years ago. Despite a seven year age difference, the brothers and their families are close. Marty, VP for Operations, has a more expansive vision for the businesses, but has yielded to Phil’s conservatism. “My day will come,” he told me.