Reply to Coming to Terms with a Settlement

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[quote=Anonymous]My father's estate included a business with 3 components.

One of the three components was involved with a lawsuit due to an unfortunate set of circumstances that led to a breach of contract which had a domino effect. My father's health was deteriorating, and he committed to a bigger project than he could handle. We had two excellent attorneys. The chance of winning at trial was about 40% - that's just their prediction. In the slim chance that we won the case, high likelihood of an appeals. The company was completely out of money. My brother and I would have had to tap into our emergency fund to pay for legal fees. We settled. The person who sued us agreed to buy the one component of the business at a bargain. Heartbreaking that all the money my father already invested into the business is out the window. The silver lining is that the two components of the business could be a sold in the near future at a profit, especially now that there's no more litigation.

It was the right decision to settle and be done with the lawsuit. However, we both feel guilty that my father's life savings went into this business, and we could not recoup that money. If we lost at trial, the entire business would have been in bankruptcy. We didn't want to use our saving to fund the litigation.

Trying to find peace with the decision we made. [/quote]

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