So at quarterly distributions of $ 100,000 how on earth did they make do financially? All that money owed, 5 kiddos in private school with minimal or zero income from FD. That’s not a sufficient amount of income to afford their lifestyle and 5 kids. FD maybe wanted Jennifer to demand an increase in distribution? There are good reasons for limiting trust funds and FD is a perfect example. IMO
JFd was Not Broke.
Fd was Broke Only After JFd left in June 2017 when She took HER Trust Fund Income with her.
JFd's Trust Fund was in Her Name Only and Thank Goodness, her Father HF, had the foresight to keep the Trust in Her Name Only.
FD's House of Cards was collapsing because he had been his only source of income for 2 years before he Murdered Jennifer and it was the catalyst that broke the camel's back in January, 2020, when the Bail Bonds company realized that Fd did Not have enough collateral for the properties that he put up for his bond due to the fact that he had absolutely No interest in any of the properties for he owed more on them than they were worth.
Without Jennifer's Money, Fd could NOT live his lavish lifestyle anymore and YET, What Does Fd Do? He takes lavish trips all over the world with his side piece.
ALL his properties had multiple mortgages/loans/contractor liens and he had several high balance credit cards. He Owed so many people, So Much Money. Some of the properties had 4 or 5 entities waiting in line for payment on those mortgages/loans/contractor liens.
Every Single Fd Debt was Incurred After JFd fled for her life with her children in June 0f 2017.
The kids' Trust Fund was managed solely by the Trust Fund Manager and only paid for Educational expenses for the Children. Their Educational expenses did not come out of JFd's Trust Fund. The Educational Expenses were sent to the Trust Fund Manager to pay them Directly. The Money NEVER went through JFd's or Fd's hands.
Fd was Never going to have control of either Trust Fund. HF made sure of that. HF lent Fd the money to build 4JC and HF Required that Fd Drive to Manhattan Every Month to make payment on that loan, In Person. Not by mailing a check, bank transfer, courier, or bit coin. IN PERSON Every Single Month. The Building Loans from HF were for most, if not all, of Fd's FORE Projects. So, Imagine Fd having to go face to face with HF Every Single Month for 13 YEARS.
It sounds like HF did Not Trust Fd as far as Fd's elevated boots could raise him.
Fd was taking money from Peter to pay Paul and it had Finally caught up to him in January 2020. Fd Knew he was going back to jail and there was No Money to get him out or prevent him from going, in the first place.
I Assure you as a Connecticut property owner and resident, $400,000.00 per year was Very Doable, especially with the Childrens' Trust Fund paying for All Educational Expenses, not just Tuition. They were even able to take lots of trips all over the world, back when the family unit was intact and before MT came on the scene. Cost of living is much less in Farmington, Hartford County than in Lower Fairfield County.
IMO and with a MOO MOO Here and a MOO MOO There.
IMO.