I am absolutely hopeless at anything financial, beyond my own little bank account. Before this week's news fades away, I took a little trip over to J4J to remind myself of the 'Legal Fund' info posted there.
In brief, this is how it is described:
Irrevocable gift trust; express purpose of paying legal fees associated with appeals; may include attorney retainers, investigator retainers, experts, mitigation, and court filing fees.
The Alexanders will seek to get as much money as they can from Jodi. The money in the Legal Defense Fund does not belong to Jodi. The trust is not in her name, does not control it, does not have access to it.
Any money remaining after appeals will be given to two nonprofit organizations. These instructions are built into the trust.
The trustee is Sue Allen Halterman; she had an attorney structure the trust so that she may not use any of the funds for herself; she refused the option to take a monthly trustee fee. Replacement trustees are named in trust if she steps down.
Any comments from the financial whizzes here?