You are not the only one that thinks that. Since his parents passed away I have been involved in that mess, but only in a minor way, even then I can see the huge problems that they have had to overcome. His parents both had trusts setup and it has still been a chore. My father has no will and is in his early 70s, his estate would probably be valued somewhere around 10 million, possibly more as we keep unearthing weird assets that he has. His attorney is very concerned and we are all trying to get him moving on it. He is just now starting to realize that if something were to happen to him, his company would probably fail in short order. I am trying to get things in order so that the accounting is understandable, rather than the current cryptic state. He owns 10 towers and each tower has multiple tenants, not one tenant pays the same, hardly any of the leases are the same, and most have varying percentages that they increase each year. We are not able to locate 3/4 of the leases, so I am working on finding or acquiring them, just to find out where we stand. It is basically like a forensic accounting process and it takes some serious time, especially with the bigger tenants.
My brother has no interest in the company, not one bit, my Father’s wife wants the revenue stream to keep going, but wants me to help manage it in case he passes, I am more concerned that he is going to become incompetent due to his memory, we are already having small issues about the direction of things that he forgot he directed in the first place. I look at this as helping the family for the future generations, he has done an unbelievable job getting to where he is today, but he has lost connection with the reality of the future and what it holds.