Start Your Divorce Today - Premium Divorce Online


Divorce Source Community Forums >> Spousal Support/Alimony

Jump to first unread post. Pages: 1 | 2 | 3 | (show all)
Goodmom
Pooh-Bah
*

Reged: 06/17/07
Posts: 2084
Re: Terminal Cancer and Alimony [Re: DedicatedDad]
      #727374 - 01/27/11 06:16 AM

[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.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Miranda
Carpal \'Tunnel
**

Reged: 06/02/05
Posts: 20822
Loc: North of Mexico
Re: Terminal Cancer and Alimony [Re: Goodmom]
      #727385 - 01/27/11 07:31 AM

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!


Post Extras: Print Post   Remind Me!   Notify Moderator  
1966Gal
Carpal \'Tunnel
**

Reged: 04/04/08
Posts: 10101
Re: Terminal Cancer and Alimony [Re: spinnerdegrassi]
      #727397 - 01/27/11 08:22 AM

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.


Post Extras: Print Post   Remind Me!   Notify Moderator  
DedicatedDad
veteran
**

Reged: 09/05/04
Posts: 1318
Re: Terminal Cancer and Alimony [Re: Miranda]
      #727461 - 01/27/11 11:18 AM

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.


Post Extras: Print Post   Remind Me!   Notify Moderator  
gr8Dad
Carpal \'Tunnel
*

Reged: 06/07/04
Posts: 31350
Re: Terminal Cancer and Alimony [Re: Goodmom]
      #727501 - 01/27/11 12:31 PM

"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...


Post Extras: Print Post   Remind Me!   Notify Moderator  
hanzblinx
enthusiast
**

Reged: 08/13/10
Posts: 388
Re: Terminal Cancer and Alimony [Re: gr8Dad]
      #728326 - 01/31/11 01:26 PM

greedy women are a terminal cancer, every married man has this disease

Edited by hanzblinx (01/31/11 01:26 PM)


Post Extras: Print Post   Remind Me!   Notify Moderator  
Miranda
Carpal \'Tunnel
**

Reged: 06/02/05
Posts: 20822
Loc: North of Mexico
Re: Terminal Cancer and Alimony [Re: hanzblinx]
      #728343 - 01/31/11 02:44 PM

[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!


Post Extras: Print Post   Remind Me!   Notify Moderator  
yregna
veteran
*

Reged: 07/25/06
Posts: 1265
Loc: Oregon
Re: Terminal Cancer and Alimony [Re: somanyquestions]
      #728620 - 02/01/11 12:24 PM

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"


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1 | 2 | 3 | (show all)



Extra information
0 registered and 11 anonymous users are browsing this forum.

Moderator:  dsAdmin 

Print Topic

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is disabled

Rating:
Topic views: 5542

Rate this topic

Jump to

Contact Us Divorce Source Home

*
UBB.threads™ 6.5.1.1


Resources & Tools
Start Your Divorce Online Start Your Divorce
Several Options to Get Started Today.
Divorce Tools Online Divorce Tools
Keeping it Simple to Get the Job Done.
Divorce Downloads Download Center
Instantly Download Books, Guides & Forms.
Divorce and Custody Books Discount Books
Over 100 of the Best Divorce & Custody Books.
Negotiate Online Negotiate Online
Settle your Divorce and Save.
Custody and Support Tracking Custody Scheduling
Make Sure You Document Everything.

Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Enter Your Zip Code: