- Joined
- Jan 31, 2020
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I think we just don't know. I agree people around him are trying to spend it faster than he earns it, but he lives in lux rentals while still paying for LVs house and JJs school and working in finance so hopefully not making totally stupid decisions with his $.I don't think Charles had as much money stashed away as one would like to believe. I believe the people in his life spent it as fast as he could make it during his life. The properties they lived in seemed to all be rentals as well, so I don't believe Lori had any real estate to cash in on....Colby's vehicle was reposessed that was in Charles's name because Lori was no longer making payments on it. When Lori stole the $35k from his account last year, he couldn't make payroll. Yes, he had a million dollar life insurance policy, but it does not appear he had a lot of liquid assets per se.
We have a VI who reported here that LE gave him a list of at least 4 vehicles owned by Charles when he died, all 2 or 3 year old cars with sticker prices that scare me.
Colby's car was repossessed, I think, after Charles died and LV drained the bank accounts, No? He didn't make payroll after LV stole $35k because he didn't know LV stole $35k and in the US it takes days to make funds "available" after a bank transfer despite the fact that the transaction and confirmation take a millisecond (don't get me started on that...) so he couldn't move assets around fast enough.
Discussing this case with friends over the last few weeks, every single person I talked to said their 401(k), 403(b), pension, IRA,...whatever the retirement vehicle, it was worth way more than their life insurance. If someone killed me for my life insurance they would get a small fraction of what my wife would get by killing me for my 401(k).
MOO