Posted on 03/26/2021 11:29:46 AM PDT by SeekAndFind
Dear Quentin,
I live in Utah, and I have been seeing a married man for almost six years. No, I’m not ashamed. Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him.
He has been my sole source of income for the last 5 years, paying every single expense I have, and he is happy to do so because he loves me and I provide an escape from his miserable home life (his words). He’s been married a long time, and his only child is grown.
He is much, much older than I am, and he recently set up a life-insurance policy of $100,000 with me as the beneficiary. His wife knows nothing of me or the policy. We’ve taken steps to ensure I can get a copy of his death certificate without his family knowing.
He is mentally sound (always has been) and in great health. I need to know if his wife would have any claim to that policy should she discover it after his death. What is the likelihood a lawsuit would be in her favor if she sued? Does it matter who makes the payments on the policy?
The Other Woman
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Dear Other Woman,
Shame is a terrible, destructive force in individuals and societies, and I would not wish that anyone.
Married life is more complicated than many people care to admit. Some marriages have “don’t ask, don’t tell” arrangements. Others are marriages of conveniences. And others keep one person is completely in the dark about their spouse’s infidelities. And, yes, some wives are probably glad to have time and space for themselves, and would rather others listen to their husbands.
To your question, Utah is an equitable division state,
(Excerpt) Read more at marketwatch.com ...
There’s an old school here and the guy that owned the property died and when they read the will, he had left it to a woman other than his wife. That’s how the wife found out he had been cheating on her.
Shame is a terrible, destructive force in individuals and societies, and I would not wish that anyone.”
As far as I’m concerned the only one who would say that is someone who has a lot to be ashamed of.
Dear other woman, his kids are grown and he still won’t leave her for you. 😆
“Happy” as I remember, had her own scandals to answer for.
I mean, yeah, he’s so honest about keeping his vows to his wife and being loyal to his family...
The money isn’t part of his estate if paid out to the mistress, so the wife is not entitled to it.
That’s her in front of the steps of the Citicorp building NYC. Racoon coats were in then, but were so heavy.
At least Rockefeller got her a co-op filled with art and a 60k year job for a 23 yr old. All Bill gave Monica was a stain on her blue dress.
I was gonna say.....chump change.
What’s the old joke....about we know what she is, now it’s a matter of negotiating the price.
She’s a terrible negotiator, it appears.
No. Very few states are community property states. Maybe 9. Texas is one.
So a prostitute wants to know if she can keep Insurance Policy cash a cheating husband has arranged for her if he dies. Which they’ve also ‘hidden’ from his wife and family.
Treasures of wickedness profit nothing....Prov..10:2
Making a fortune by a lying tongue is a vanishing mist, a deadly pursuit..Prov.....Proverbs 21:6
She’s likely not the only one.
Not to mention a very valuable piece of real estate in prime mid-town Manhattan.
Currently that address, 25 W. 54th St. is a luxury high rise with apts at about a million.
Imagine what her townhouse sold for.
In many states the wife must sign off on such a thing.
The thing is...in an equitable division state, the estate is divided. Insurance proceeds are not part of the estate. That is how millionaires can pass money onto their children and heirs.
His wife, undoubtedly, has the real policy.
Nope.
Insurance is paid to the beneficiary outside of probate.
This is basic estate planning. Old us old bastards should know this.
But an insurance payout isn’t inheritance. It’s a contract payout.
Not very emotional...but insurance policies are used to avoid probate every single day.
I was going to suggest jewelry or bullion. These days he could buy her Bitcoin. Good luck to the widow tracking that stuff down.
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