Posted on 03/26/2021 11:29:46 AM PDT by SeekAndFind
Slut
Well, I'm sure he wouldn't lie to her about a thing like that.
This is the stupidest answer ever. The reality is that an insurance policy can be written on anyone. Companies get paid all the time in Key-man insurance. The wife can sue. But anyone can sue. And if she is angry enough, she might sue for spite, not caring if she wins.
But, this arrangement of john and whore could be worked out as a company. Just get key-man insurance and form some company. And $100K is not going to last forever. of course, you will be the suspect if he dies suspiciously.
She is foolish not to get cash up front, since she knows he is a liar and a cheat. How would she know if he canceled the policy, or if he changed the beneficiary at some point?
Yes, this guys answer is the worst ever. I think he is trying to condone the guy and his hooker.
Right of survivorship?
Meaning what?
>>He has been my sole source of income for the last 5 years, paying every single expense I have
The subject of Governor Rockefeller was not available for discussion.
I live in Utah and you'll never believe what happened to me...
-PJ
Are all States community property States? I was thinking some weren’t.
Shame is a terrible, destructive force in individuals and societies, and I would not wish that anyone.
Is he trying to quote Aleister Crowley from memory here?
She’s not “dating” a married man; she’s selling herself to him. If he’s so miserable, why doesn’t he divorce his wife and marry the prostitute? If he’s paying all her bills, he’s got plenty of money, doesn’t want to have to give half of it to an ex-wife, and is willing to let them fight over the $100,000 after he’s gone, so it’s no skin off his nose. Of course, unless he repents before he dies, he’s going to pay through the nose, and every other orifice, for eternity.
Make it 500k and he would meet his maker.
Dude needs to set up a living trust and direct it to pay his girlfriend the proceeds of the insurance policy. No probate.
If he's paying for everything, she does not need to file an "income" tax return as she has no income.
Correct. And, in some states, such as California, probate is only necessary when the estate is above a certain monetary value, or if the decadent owns real property.
If the estate is below that limit and there is no real property, there's no need to open probate.
I was shocked to find out several years into our marriage that my husband had forgotten to take his ex-wife off his employee benefit life-insurance policy. She would have gotten it had anything happened to him and I would have had no recourse. He changed it and ultimately retired, luckily never having to get a payout on that policy.
That would be a gift, not income.
If he paid the expenses directly, it's a gift. If he gave her the money to pay, it's still a gift.
As gifts, they are not taxable until it reaches a certain threshold. Even then the recipient is responsible for paying gift taxes, not the giver.
The only time it would be considered income is if she's invoicing him directly and he's paying the invoices.
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