Copped equity breakfast but wife is fighting me on capital buy-in
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Date: July 1st, 2026 11:56 AM Author: Bow tie niggas always have very strong opinions
The capital contribution is about $1m. Wife has been sucked into the cult of Dave Ramsey and can't understand what the money is for. She thinks I should remain an income partner because the money would “grow faster” in a mutual fund.
I could finance it but she's terrified she'd be “on the hook” for the note if something happens with us. I told her that's not how it works, but she's demanding some sort of explicit guarantee in writing that if we get divorced or I die they don't come after her for it.
I could just pay for it out of my personal funds, but that's so unfair. I put my own money toward her businesses, but she says that having that much already invested in our own businesses is exactly why it isn't prudent to make a capital contribution to get equity.
Did anyone else run into this? I'm embarrassed to ask my partners their experience.
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2#49973545)
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Date: July 1st, 2026 1:30 PM
Author: ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
i know some lawyers who copped the breakfast and signed $500k notes, and the firm went BK about nine months later. as it turns out, there's not a lot of defenses on a note other than "i already paid it," and there's even fewer defenses that a BK Trustee will countenance.
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2#49973714) |
Date: July 1st, 2026 1:36 PM Author: Nazca Redlines
Congrats. Big law? How long have you been in?
On your issue: you need to just pay the buy in however makes the most sense (your marital funds, a loan). Explaining it to your wife or giving her a document that says liability associated with it is yours alone are secondary.
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2#49973729) |
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