60% of his net profits, though? Geez. Mom’s kind of a piranha.
Who would want to take that much from their kid?
Sounds like a contract of adhesion.
A good lawyer and accountant can take care of that.
“Let’ see. Deducting for wife, kids, mistress, condo, ski vacations, cruises...seems I’m in the red. Looks like you owe me $100,000.00, ma!”
Yea, a little on the greedy side. She probably assumed they would not become financially successful.
Great strategy, though. I wish I had thought of this a few years back. I might be able to retire....