I’m Supposed to Inherit the Business, But Dad Won’t Update His Will

The EntreLeadership Podcast

Ramsey Network

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 6 October 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’ll hear about: • A son frustrated with his dad for not updating his will with directives for the family business • A farmer deciding if he should sell his house to pay down business debt • How to lead with conviction when your team disagrees with your decisions • A son aiming to buy out his parents’ half of the business . . . for the right price Next Steps: · 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us · 📚 Learn about the EntreLeadership System: https://ter.li/system-p · 💻 Get EntreLeadership Elite for your business: https://ter.li/elite-p · ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl · 🏢 Attend EntreLeadership Summit: https://ter.li/summit · 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries · 📖 Order Dave’s new book, Build a Business You Love: https://ter.li/b4kru2 · 📺 Join EntreLeadership Master Series Livestream: https://ter.li/tx6maw Connect With Our Sponsors: · 💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! · 💻 Visit NetSuite today to learn more. · 🧾 Visit Payority for a free consultation! · 📈 Grab Sales Gravy's free resource to help you hire and lead better. · 📝 Use code ENTRE15 to get 15% off your first year of Trainual. Listen to More From Ramsey Network: 🪑 Front Row Seat with Ken Coleman 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show💰 George Kamel Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	From the headquarters of Ramsey Solutions, this is Entree Leadership, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.
0:21.4	I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches
0:25.8	right alongside you.
0:27.7	If you've got a question you want to ask on the show, we'll fill out the form at
0:31.1	ontraryleadership.com slash ask, or you can call and leave a voicemail at 844-944-1070.
0:38.8	That's 844-944-1070.
0:43.8	Jay is with us in Charlotte, North Carolina.
0:46.4	Hi, Jay.
0:46.8	How are you?
0:48.0	Good.
0:48.4	How are you, Dave?
0:49.3	Better than I deserve.
0:50.5	How can I help?
0:52.1	So my question is I am a third generation business owner of a
0:59.3	business, my grandfather started about 49 years ago. My dad is still involved in the business
1:05.8	and majority owner. We do roughly about 17, 17.2 last year in top line sales. And I am trying to get
1:16.9	him. I'm trying to push him to deal with his estate and honor him while doing it, but trying to
1:27.3	get him to move forward on getting his estate handled.
1:30.9	And I'm just wondering.
1:32.8	He does not have a will or an estate plan?
1:35.7	He's got a will that's about 40 years old.
1:39.9	$7.2 million, $17.2 million.
	...

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