To: Lone Voice in the hinterlands
I'm sorry but I still see it the other way. To me it looks like Michael took money out of the account and promised to pay it back.
563 posted on
11/08/2003 9:06:23 PM PST by
Krodg
To: Krodg
Yeah I know it is hard to get the concept right, I understand. Try this, go back to post #379 which has the spreadsheet shwoing the money and notice the words "Other Expenditures". Expenditures to the Attorneys [paid to Attorneys], and Other Expenditures [items that the Trust Paid out To] Prom Note Michael Schiavo. Not that the trust received money form Michael but that the trust owes Michael Money. Terri owes Michael.
This is why it is so odd that Michael as Guardian of the Trust has signed Terri's name on a Promissory Note, read "Loan" that Terri(The trust actually) is the debtor and Michael is owed the money.
Michael is charging Terri for something.
Is it mileage when he goes to see her?
Is it some claim that he has, some money tht he thinks he is owed that he wants to get on the record, thus a written loan document, but his claim is not strong enogh that he is gutsy enough to actually go in and write himself the check.
I think it must be some kind of a claimm against her trust that once she is dead no one will contest.
It is something wierd that he didn't want the trust to pay in 1994, when the trust should have been flush with money.
Remeber in my earlier post. All we know is that the trust made a payemnt to Michael on a loan where terri owes Michael. We don't knowif the Promissory Note is for $3,535 and thus the note has been Paid in Full, or if the Note 9read Loan) is big and $3,535 is merely payments that have been made against the Note/Loan.
There is something very weird about the Husband having the Trust sign loan papers that the trust owes him $XXX back in 1994 when the trust had plenty of money. Whys didn't he jsut write himslef a check and be done and over with? Why have the trust Sign a Promissory note to him???
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