Mark Sievers Livestream Trial Thread -Days 5-8

[Curious Me]

My take on what's going on is that Board Certified Attorney, Lyons shared that the firm she worked for at one time did this fascinating work for families. I thought she was going to say low income families, but she meant rich, rich families. Off shore and such. Now they're talking about Family Planning including wills, probate, etc., She seems highly qualified, but not polished in from of the Jury. JMO

 

[Oregonmama]

Side note: we were given so much more insight to Mark and his garbage than the jurors. SIGH..... I really was expecting more. What a shame!

 

[Curious Me]

Revocable and Irrevocable Trust being discussed now.

 

[Oregonmama]

1. 
   Jake Allen‏Verified account @Jake_Allen19 now12 seconds ago
   A trust allows one person to manage the benefits of another person, Lyons said.
   
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   Jake Allen‏Verified account @Jake_Allen19 50s51 seconds ago
   A trust is a written document similar to a will but can take affect when someone is still living, Lyons said.
   

 

[Wyle_E_Coyote]

Wonder if the life insurance was to be paid into a trust for the benefit of the girls.

 

[Wyle_E_Coyote]

She's doing a horrible job explaining trusts.

 

[Bobbywoo]

She's worth more to Mark alive instead of dead ONLY if she doesn't divorce him. Unfortunately the neighbor was the only person that testified that revealed cracks in the marriage. I'm not forgetting anyone, am i?

 

[Oregonmama]

Wonder if the life insurance was to be paid into a trust for the benefit of the girls.

Now I understand why they chose Lyons to be their last witness....

 

[Bobbywoo]

She's doing a horrible job explaining trusts.

She is. My live feed keeps freezing up and I don't even care. I'm sure I'm not missing much.

 

[Oregonmama]

When we talk about a trust a settlor is the person who created the trust and is usually the person putting the assets into it.

• Jake Allen‏Verified account @Jake_Allen19 1m1 minute ago
  
  
  An irrevocable trust cannot be amended once it is signed and it gets it's own tax ID number, Lyons said.
  
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  Jake Allen‏Verified account @Jake_Allen19 2m2 minutes ago
  
  
  A revocable trust can be amended, Lyons said.
  
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[Oregonmama]

1. 
   Jake Allen‏Verified account @Jake_Allen19 54s54 seconds ago
   Lyons did estate planning for Teresa Sievers and Mark Sievers.
   
   Lyons finished an irrevocable trust agreement for the Sievers in 2009.
   
   Mark Sievers was the beneficiary on the trust agreement, Lyons said.
   
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2. 
   Jake Allen‏Verified account @Jake_Allen19 2m2 minutes ago
   In 2008/2009 Lyons was working in trusts and estates and met Mark Sievers and Teresa Sievers.
   
   A close friends of Lyons knew Sievers and the friend told Lyons Teresa was a good doctor.
   

 

[kaen]

She's worth more to Mark alive instead of dead ONLY if she doesn't divorce him. Unfortunately the neighbor was the only person that testified that revealed cracks in the marriage. I'm not forgetting anyone, am i?

CWW testified that MS had told him that TS would be leaving him after an affair. He was afraid that he would lose the girls.

 

[TTF14]

Wonder if the life insurance was to be paid into a trust for the benefit of the girls.

Yes, it was, according to CourtTV commentators this morning.

 

[TTF14]

She is. My live feed keeps freezing up and I don't even care. I'm sure I'm not missing much.

I wonder if she has MS or a processing disorder of some kind. Her halting way of speech is very distracting.

 

[Bobbywoo]

CWW testified that MS had told him that TS would be leaving him after an affair. He was afraid that he would lose the girls.

Ha! My mind literally went right over that! Just those two? No one close to TS? That's what the State needs right now.

 

[Oregonmama]

1. 
   Jake Allen‏Verified account @Jake_Allen19 55s55 seconds ago
   You have given the assets away at the time of your death then the IRS will say you did not own the assets at the time of your death so it can save money, Lyons said.
   
   This is a great planning method to minimize estate taxes, Lyons said.
   
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2. 
   Jake Allen‏Verified account @Jake_Allen19 2m2 minutes ago
   Mummert is now going through the document. He asks Lyons why she would draft an irrevocable trust for someone.
   
   The assets inside the irrevocable trust, if it's done properly, are usually outside your estate at the time of your death and won't be estate taxed, Lyons said.
   

 

[Oregonmama]

Jaclyn Bevis‏ @jbevis10 19s19 seconds ago


Lyons prepared the wills for the Sievers couple and an irrevocable trust back in 2009. She explained to the jury that a trust is helpful for wealthier people to avoid estate tax if they die. #trialtweets #MarkSieversontrial #TeresaSievers #NBC2courtcoverage

 

[Oregonmama]

Jake Allen‏Verified account @Jake_Allen19 4s4 seconds ago


Mummert handed Lyons another document.

The first part of the document is specifications for a policy for a trust on the life of Teresa Sievers, Lyons said.

 

[Bobbywoo]

Is everyone awake?

 

[Oregonmama]

1. 
   Jake Allen‏Verified account @Jake_Allen19 2m2 minutes ago
   You want the trustee to go out and buy a new policy, then if the insured died from the IRS stand point then the proceeds are not included in their estate.
   
   Lyons is trying to explain the advantages of the trust and it's a little confusing.
   
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2. 
   Jake Allen‏Verified account @Jake_Allen19 6m6 minutes ago
   That policy would then fund the trust that Lyons drafted, Lyons said.
   
   The policy was for $2.5 million, Lyons said.