CTGrammy
Expert IMO
- Joined
- Jun 16, 2019
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Child support is the Non Custodial parent making monthly payments to a Custodial parent or a Custodial family member. IIRC, it does not reverse and go from a family member to a custodial parent, regardless of who has money and who does not.
The $400,000 Annual Income from JD's Trust Fund, could, I guess, be considered the 'Child Support' in this situation.
FO would need custody of 1 child to get a portion of JD's Trust Fund Income, but would need all 5 to get the entire $400,000 per year.
FD could have had Life Insurance on JD and IMO, he would have listed himself as the sole beneficiary. I would think that the Insurance Company will have something to say about that payout at this point.
JD or GF, could have had a policy and the children would need to be listed as the Beneficiaries of that policy, regardless of who pays the policy and then the Custodian of any minor child could then have control of the money pertaining to that child only or all five, if the Custodian has all five children and they are each a minor. If the child is of age, the child would personally receive the payout.
The Custodian of the children is also eligible to draw on Social Security. The amount would be determined one of two ways. The person Filing can choose to base the monthly amount on any income JD had over the years Or on any income FO had over the years, even though FO is still living. This is assuming that either paid into Social Security. With FO's scruples and his 'secret' handling of money, he may have only paid into Social Security while an employee with the Finance Company, before his marriage to JD. You know, the Job he Quit right after saying 'I Do' to JD's Trust Fund?
JD did write for some media outlets and may or may not have made payments into her Social Security depending on how she was paid.
IMO, It seems as though there is Not a Current Inheritance per se. We can use the example of JD, when her father died in January of 2017. I do not believe that a 'Hand It ALL Over to the Beneficiary' existed. GF may have even been the sole Beneficiary of HF's Will and/or any money may have been put into the original Trust Funds of each of the children along with JD and her sister.
IMO, The Inheritances may just be the Trust Funds.
IMO, The fact that HF Required FO to Hand Deliver the monthly Interest Payments of the Loans involved with this case, shows that HF did not trust FO further than HF could physically throw FO. Therefore HF may have redirected Inheritance monies to a Trust instead of a full payout, before he died.
IMO, The Only avenue that FO could seek would be JD's Annual Income of $400,000 that just happens to come from a Trust Fund Account. Assuming that he actually has custody of the children.
IMO, HF restructured JD's Trust Income so that the monies go With the children and Not payable to FO 'just because' he was the husband. In other words, IMO, FO gets Nothing from JD's Trust Income, unless he has full custody of the children and even then, FO would not have full access to the actual trust fund accounts.
ALL My Opinion Only