My eldest daughter, 27 yrs. old, was in business with my husband. We owned a dance studio with our daughter as the artistic director. My husband had good intentions and wanted to help set up the business so that eventually our daughter could take it over, with us retaining a modest amount for our retirement. Our daughter took the "superchecks" the bank sent to the studio's address and used them as she wanted to do so & we didn't know until $50K was gone. Now, our relationship w/her is estranged. She doesn't admit or recognize any of her actions as wrong & even continued to steal from us as my husband lay in ICU last May after he suffered a massive heart attack. My daughter has been estranged from me off & on since she was around 18 or 19 yrs old. No one believed me of her behavior till this situation happened. Outside of our second child, a son, 26 yrs old, none of our other children (we have 9 kids) will speak to her. ..HELP!
I am sure as a degreed accountant your husband is great with money and made arrangements for your future and was comfortable enough to take a loss with that amount of money invested in the business. There is never a guarantee a business will prosper so he knew the odds of losing the money especially if she's been estranged from you since age 18 or so. With all of that said, I would tell her to enjoy the gift of her inheritance early as that is all she'll ever get from me or from dad ever again. I would also tell her to take the money she's made from his investment (that would have gone toward her wedding originally) to put toward her wedding. I would wish her a long and happy life but not to expect me at the wedding and remind her that karma is a b.
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