Splitting Tax Appeal Refund Proceeds

[Matthew Shay]

Not sure which category to post so hopefully this will be fine. This past year finally completed a land flip that I partnered with my family. I provided sweat equity and they provided funds. The property was sold in Feb but only now did I receive the tax appeal refund from the county. I committed to splitting the refund check of my own determination with the partners so that is what I intend to do. My only question is whether this is a standard practice or am I just being generous? We did not have anything written up for doing the deal and it can be considered a verbal contract