Goodmom
Pooh-Bah
Reged: 06/17/07
Posts: 2006
|
|
[quote]"He's not going to get around it. It will be paid out of the trust."
If that were the case, I'd turn it all into cash, and have an unknown 3rd party hold it for the kids.
"BTW, it's in my court order (I have a very smart attorney) that my ex and I have to provide proof that the life insurance is paid AND that we are each other's beneficiary annually."
That's an excellent idea. Do you pay your own premium, or your ex's? I would want to pay my ex's and vice versa, to make sure the policy remains in force. If either party didn't pay, then they would only be hurting themselves. [/quote]
A good forensic accountant will be able to determine just what he did with the money. He!!, I know someone who isn't an accountant at all (or a private investigator for that matter) who was able to find where her ex had hidden the marital assets that he turned to cash. Having someone else set up the trust with your money is also obvious and not going to work.
I pay my own premium and he pays his. And we provide proof each year of it being paid in full AND who the beneficiary is.
|
Miranda
Carpal \'Tunnel
Reged: 06/02/05
Posts: 20822
Loc: North of Mexico
|
|
Good God give it up already lady.
Here you go. YOU ARE RIGHT, NO MATTER WHAT...AND YOU CAN FORESEE ANY OUTCOME IN ANY STATE. YOU ARE AMAZING!!!!
Happy now?
--------------------
13.1...because I am only half crazy!
|
1966Gal
Carpal \'Tunnel
Reged: 04/04/08
Posts: 10098
|
|
That's my thought also. Divest as much as can be done into liquid assets, transfer those to a 3rd party UTR and have it held till the kids are of age. Social security will be paid to cover the cost of CS. I would also cancel all insurance policies to ensure the wife doesn't get hold of anything current.
+++++++
Horrible idea. What if this 3rd party doesn't give it to the kids and keeps it? What if they get in a car wreck are sued? That money is gone.
A trust is the safest way to make sure the kids get the money. I don't care who the 3rd party is, if you give the money to them, there is NO guarantee that it will end up with the children.
An ironclad trust is the only way to ensure the children get the money exactly as the poster wants.
--------------------
The Gov cannot give anything to anyone - that they have not first taken away from someone else.
|
DedicatedDad
veteran
Reged: 09/05/04
Posts: 1318
|
|
I could set up an appointment with the accountant and my ex, count all the cash in front of them, put it in a paper bag, then pour gas over it and burn it.
Now it's accounted for.
I give away 60% of my money now. It doesn't make much difference to me if it's 100% if I'm going to die soon anyway.
|
gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
|
|
"A good forensic accountant will be able to determine just what he did with the money. He!!, I know someone who isn't an accountant at all (or a private investigator for that matter) who was able to find where her ex had hidden the marital assets that he turned to cash. Having someone else set up the trust with your money is also obvious and not going to work."
And if they find out he gave HIS money away, she can sue the HEADSTONE. Guess what, he is LEGALLY allowed to give HIS money away. Yes, she can sue the estate, but if the estate is LIQUIDATED< and given away, she is SOL.
--------------------
Why give a "senior" discount, they have had plenty of time to raise the money...
|
hanzblinx
enthusiast
Reged: 08/13/10
Posts: 380
|
|
greedy women are a terminal cancer, every married man has this disease
Edited by hanzblinx (01/31/11 01:26 PM)
|
Miranda
Carpal \'Tunnel
Reged: 06/02/05
Posts: 20822
Loc: North of Mexico
|
|
[quote]greedy women are a terminal cancer, every married man has this disease [/quote]
Wow you just get worse and worse. I forsee a lot of lonely nights in your future.
--------------------
13.1...because I am only half crazy!
|
yregna
veteran
Reged: 07/25/06
Posts: 1265
Loc: Oregon
|
|
My Uncle was above 3 million net worth, and his attorney's advised him to give it away BEFORE you die, it is really the only sure way.
After you die, everybody and her sister has reasons why you said and meant and desired ( but never put in writing ) that they get a substantial $$.
Funny how that works...
--------------------
"Anything free is worth what you pay for it..."
"Climate is what we expect, weather is what we get"
|
Previous
Index
Next
Threaded
[Re: 
Edit
Reply
Quote
