Dec. 12th, 2005 @ 11:46 am
So, we found out today a few of the terms of the will/trust agreement. Yes, I will soon be unemployed. (Maybe even by the end of the year....)
The financial advisor told Mrs. Boss last week that things were going to change; she could NOT write checks (or sign them), she would have to sell her house.....and other icky, stupid stuff that we did not understand. Today, she called one of our bankers (the one on the Company account, not the personal one - *he's* an ass)...and he clarified a bunch of things.
Basically, the bank is now in total control of all the finances. The company is now basically run by the bank (which was NOT what we have been told all along....), her trust is controlled by the bank (she can't even buy groceries without their permission)...the sons are going to get a large settlement (which is NOT what Mr. Boss told us all along). Pbbbbbbbbbbbbbbbt!
We get to write checks this week (payday is Thursday) and she can sign them, but after that - Forget it! *sigh*
This is the biggest f****ng mess I've ever seen. We (my co-worker and I) think Mr. Boss was unduly influenced by the Financial Advisor - before this will, the oldest son inherited the business, and the wife had her trust, with the Finanacial Advisor as the Main Trustee. Mr. Boss HATED banks, and used to badmouth them alot (he bought a lot of Oil Interests from Trust Departments, because "the beneficiaries will get more money from me then they ever will from the banks - the banks just want to sit and draw admin fees!")...so we just can't see why he would let the bank take over his wife's money.
This is SO NOT fun......but I can see the light at the end of the tunnel, and I will be so outta here when they let us go, it's not even funny. It'll be VERY tight for a while, but...no more of this b******t.
And we were worried about the sons..........
|Date:||December 13th, 2005 05:10 am (UTC)|| |
UGH! It makes me SO mad when people pull crap like that. I've heard so many horror stories, and was unwillingly involved in a debacle when my father passed away.
Perhaps you might mention the incredibly huge Christmas bonuses and embarrassingly generous severence packages the boss promised you when he was still able to speak. Oral contracts should be worth something. Dishonest, I know, but the thought of sticking it to the bank is a nice one. :D
Actually, the bonuses are a given - they're given every year, not on merit or job performance, but just 'cause, so the bank HAS to approve them. Or so our lawyer says. *eg* They're pretty good, too - last year's was 1/4 of our gross salary. Probably be the same this year...I'm greedy and want more, but Mrs. Boss probably won't think of that. It's cool - at least my property taxes will be paid!
He did, actually, discuss bonuses and family gifts the week before he went in the hospital. Severence....well, not discussed. *sigh* But we're gonna demand it anyway. What are they gonna do - fire us? *g*
We've got a pool going - I say we'll be out by Jan 1, co-worker says no, more like Jan 31. I hope *she's* right - that way she can do our W-2's on the 2nd and we can start our personal returns right away. *g*
|Date:||December 14th, 2005 08:38 am (UTC)|| |
hmmm...if there is anything left to do paperwork wise, they'll probably keep you both on until they feel one person can handle it, then let go of the higher paid employee and keep the other one on to handle little stuff and phone answering, until about the end of the month. Just my guess, and i hope i'm wrong.
I'm so glad that they are going to give you bonuses. Mrs. Boss might not think of a larger bonus on her own, but you can seed the thought in her head. She might be very receptive to the idea, especially if it's the banks money and she just had to call them about buying gas or something stupid. Even more especially if she's on the payroll and she be getting a bonus too. Non-trust money that's all her own to spend!
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