MB update

[ekat]

@Knights_Mom

I’m the trustee for a family trust and any bill I rack up cannot be transferred to the trusts responsibility.

Correct. When a trust is set up, you (g) have to have a lot of faith in the trustee to act on behalf of the trust, even when the beneficiaries are whining that they need that one new shiny thing.

[Aussie_2020]

I believe I read in one of her YT comments that she is kept informed by the prosecutors office of all MB’s movements. So it’s possible she does have the correct date of his upcoming hearing.

[Sdel]

@Aussie_2020

I believe I read in one of her YT comments that she is kept informed by the prosecutors office of all MB’s movements. So it’s possible she does have the correct date of his upcoming hearing.

If what I remember from the trial is correct, Taylor reserves Monday AM’s for status updates. This would be an evidentiary hearing I would think.

[Virginia_Horse_Mom]

@ekat

The trust itself would be exempt because it doesn’t belong to LK. And, if that trust has a spendthrift clause, then the trustee is duty bound to ensure that the assets of the trust are protected from the beneficiary’s spending habits, creditors, etc. But, if that trust distributes funds to LK, and those funds are hanging out in her personal checking account, that account is wide open for asset seizure.

(Sorry, I nerd out on wills, trusts, and estates…)

Aaaah. This is what I was wondering.

I can see how it is easy to nerd out on this. I am googling all sorts of questions as we speak. Jurisdiction (it seems like Florida will apply), Spendthrift vs. discretionary trusts, domestic asset protection trusts, etc.

I’m very curious as to whether or not JK is the trustee, and what sort of trust might be involved. My guess based on a few different pieces of information that came out in court is that they set up a Spendthrift trust for LK.

Also, my guess is that her trust is separate and distinct from her sisters, given they are married.

[ekat]

@Virginia_Horse_Mom

Aaaah. This is what I was wondering.

I can see how it is easy to nerd out on this. I googling all sorts of questions as we speak. Jurisdiction (it seems like Florida will apply), Spendthrift vs. discretionary trusts, domestic asset protection trusts, etc.

I’m very curious as to whether or not JK is the trustee, and what sort of trust might be involved. My guess based on a few different pieces of information that came out in court is that they set up a Spendthrift trust for LK.

What would be interesting to me, is if JK is currently the trustee, who has he named as Successor Trustee? Because he can’t live forever. And, how do things distribute if he were to pass on.

*it should go without saying, but I’m saying it anyway. I have no idea if a trust exists (although it would be smart), who the trustee is, nor do I wish any harm to befall JK.

[Virginia_Horse_Mom]

@ekat

What would be interesting to me, is if JK is currently the trustee, who has he named as Successor Trustee? Because he can’t live forever. And, how do things distribute if he were to pass on.

*it should go without saying, but I’m saying it anyway. I have no idea if a trust exists (although it would be smart), who the trustee is, nor do I wish any harm to befall JK.

Very interesting question. And ditto on wondering who might be a successor.

[ekat]

Of course, if MB loses the civil suit, all this is moot. I mean, I know which way I’m hoping, but my hope will have zero sway over the jury.

But I am always fascinated by estate planning.

[Virginia_Horse_Mom]

@hut-ho78

I believe the information about the bike incident came from an LK FB post where she bragged about shooting the tire on RG’s bike so he couldn’t ride it as she had concerns for his safety. So it was the shooting of an inanimate object.

How on earth would you come up with shooting at RG on a bike? I don’t remember her stating he was on the bike at the time and there wasn’t even a bleeding out gunshot victim next to the bike to indicate a threat to any person ir a struggle for life recorded on a 911 call.

I seem to recollect reading a description of the incident somewhere that indicated he was on the bike when the shooting occurred, and was trying to leave after they had an altercation.

Maybe you are closer to LK than I am though… or maybe you have just been Facebook friends with her for some time? I haven’t followed her Facebook page ever. It seems like you might have a lot more information about the specifics of this incident than I do.

Regardless, if she could accurately hit a tire of a motorcycle, while in the midst of a stressful domestic argument, that indicates a certain degree of proficiency and familiarity with firearms. Which is interesting in and of itself.

[eggbutt]

@LilRanger

@DownYonder

Edited to add that the debtor can file an appeal within 30 days of the judgment, and I will bet dollars to donuts she will take advantage of that provision if the judgment goes against her.

Hopefully the judge will order no contact and no internet discussion so regardless of any appeal, lk can’t continue her diatribes against MB on the internet without penalty.

Edited to add: her dad may be smart enough to tie up funds to protect from garnishment, but he was pretty stupid to buy her a house so close to MBs house.

They probably assumed MB would have taken the plea deal and wanted a house close to what they assumed would be their facility.

[Virginia_Horse_Mom]

@eggbutt

They probably assumed MB would have taken the plea deal and wanted a house close to what they assumed would be their facility.

[SierraMist]

We Americans are becoming ever better at vilifying people who disagree with us. This taste for hate seems perverse, an intentional pursuit of displeasure. Hate disturbs one’s inner peace, as does being hated.

But the compensatory pleasures of hatred—in particular its enhancement of self-esteem—are underrated. Hatred is self-congratulatory. It involves expressing superiority to its objects, and patting yourself on the back for not being them.

The pleasure of hating is also the quickest and most effective method of bringing people together. When you declare your opponents to be obviously evil and stupid, you are congratulating not only yourself but the people who agree with you for being intelligent and good. Any expressions of disagreement in your vicinity, on the other hand, threaten your sense of the purity of your own motives and the indubitable truth of your opinions. Such things menace your self-regard, and hence the meaning of your life.

[SierraMist]

William Hazlitt in the essay, On the Pleasure of Hating, asserts his view on the way people need to have something to hate, to feel disgust for, to feel bigotry towards, and to overall have something other than the bland pool of neutrality to keep themselves entertained without a real meaning as to why they feel that need to respond to another being that way.

[Knights_Mom]

@Virginia_Horse_Mom

Jurisdiction (it seems like Florida will apply), Spendthrift vs. discretionary trusts, domestic asset protection trusts, etc.

The judgment will be from NJ. So either a motion is filed for a change of venue due to lack of personal jurisdiction OR it continues in NJ, a judgment is gotten and that judgment is then registered in FL via filing such a case.

[MHM]

@Virginia_Horse_Mom

Regardless, if she could accurately hit a tire of a motorcycle, while in the midst of a stressful domestic argument, that indicates a certain degree of proficiency and familiarity with firearms. Which is interesting in and of itself.

Assuming she was aiming at the tire.

[Virginia_Horse_Mom]

@Knights_Mom

The judgment will be from NJ. So either a motion is filed for a change of venue due to lack of personal jurisdiction OR it continues in NJ, a judgment is gotten and that judgment is then registered in FL via filing such a case.

Interesting! Time to look up NJ law on spendthrift & discretionary trusts

If JK is the trustee, which seems likely, he’s an NJ resident. So that’s also relevant.

[eggbutt]

This is really rich. Exactly who are you preaching to?

Just as Seeker was told, not one soul here has used the word “hate” regarding the Kanareks, so who are you preaching to?

How special you are to presume you know the emotions of anyone on this forum, or anywhere for that matter.

Clean your own house @SierraMist.

[ekat]

@Virginia_Horse_Mom

If JK is the trustee, which seems likely, he’s an NJ resident. So that’s also relevant.

Could be someone not related, such as a lawyer, accountant, etc…too.

[SierraMist]

In the age of social media, this principle of the universality of hatred is amplified to the extreme. A study of the New York Times’s most emailed list found that articles which incited anger were the ones that got shared the most. Sparked by the subject, such things inevitably incite a torrent of comments, and, as more people get pulled into the fray, they in turn react to the already spiteful sentiment, feeding the general anger like dried brush feeds a wildfire. It becomes an engine of hatred, its wheels turned by the steam of rage. A spectacle both loathsome and irresistible.

[Virginia_Horse_Mom]

That will cost them though. And if it is a closely managed type of trust, I wonder if that makes financial sense. I’ve had questions all along about the K family’s true net worth. Though they seem financially secure… I’m not so sure that they are THAT wealthy …

[Knights_Mom]

Trusts are wonderful especially for real estate. Plan early if you are trying to transfer already owned property into the trust as you can only transfer a certain amount of $$ each year.