Divorce Settlement Ideas and Solutions

Eddie Murphy's Gorgeous Ex Almost Broke 4 years after Receiving $15 million Settlement

Black Voices carries the dissipation story of  Eddie Murphy's ex wife Nicole who has allegedly blown through close to $15 million in 4 years having elected a lump sum payout in lieu of monthly alimony payments.

The tale of the tape:

1. Invested in an Internet jewelry business, a venture that qucikly spiralled downward.
2. 5 IRS tax liens totaling almost $850,000
3. Owed to a legal firm $600,000
4. Owed on Los Angeles area home  $5,000,000
5. Up for sale Calabasas, CA home $7,000,000 estimated value.

Anyone can make bad investments, but dissipation always seems more wasteful when a celebrity or some associated with a celebrity drains assets, in part because usually bigger numbers involved. 

Information about Divorce structured settlements solutions

 

 

Divorce Structured Settlements Avoid Risk Of Paying Spouse Balking When Economy Tanks

In "Breaking Up Is Harder To Do", a story written by Patricia Hurtado and Laurel Brubaker Calkins appearing in the January 25, 2009 New York Post, Irene Georgakis found her husband "is balking at paying support and using the recession to claim poverty after making millions during the marriage".

The report states that math has to be redone when assets proved less than they counted on when they split up.

At a January 12, 2009 hearing in Stamford CT a former Bear Stearns executive who WAS making $1,000,000+ annually petitioned to cancel a court order increasing alimony to his ex wife from $25,000 to $87,000, including retroactive payments. The executive's lawyer stated he lost his fortune, the equity in Bear Streans and that he cannot suport his present family in any way.

Divorce lawyers and battling spouses may wish to consider another option when negotiating a divorce settlement...the Divorce Structured Settlement. The above case is a dramatic example of where a divorce structured settlement might have saved a lot of heartache. When the going is good the parties agree to a fixed stream of payments, the paying spouse pays a sum of money to a non qualified assignee which takes on the obligation to make the negotiated fixed payments and purchases an annuity to fund the obligation. Instead of a couple of million dollar him or her, you can rely on a $70B-150B it!

A divorce structured settlement assures that payments are "on time every time"*.

Divorce Structured Settlements...On Time Every Time is a registered trademark of 4structures.com, LLC (4/2009)

Securing Child Support With Non Qualified Structured Settlements

    Worried about whether or not you (or your client, if are attorney) are going to receive child support payments? Now there IS a solution- a Divorce Structured Settlement for Child Support

1. Obligations for child support in a divorce settlements can be assigned to Pruco Assignment Corporation as long as the Settlement Agreement delineates the child support payments as specific periodic payments;
2. The payments for the child will not be tax reported, however, the interest accrued on the annuity (purchased from Prudential Insurance Company of America) will be reported annually. The interest can be reported to either the assignor (payor spouse) or the payee, depending on the language in the Settlement Agreement.

- Pruco requires the following documents for Divorce Structured Settlements – Child Support assignments:

• Non-Qualified Assignment and Release (NQAR)
• IRS W-9 for either the annuitant or the assignor, depending on the language in the Settlement Agreement.
• Data Transmittal Form (DTF)/ Application;
• Court Approval of Settlemennts

Click Pruco Assignment Corporation for more on Pruco
Click Non Qualified Assignments for more on Non Qualified Structured Settlements

Non Qualified Structured Settlements in Divorce

 Stable cash flow is important to payee spouses in divorce. Continually writing out checks by a paying spouse can also be a constant reminder of failure. A divorce non qualified structured settlement can be an alternative solution to these problems.

     Did you know that obligations resulting from the division of property in a divorce settlements can be assigned to Pruco Assignment Corporation once the Settlement Agreement delineates an obligation to make periodic payments?

  The annual payments to the receiving spouse will not be tax reported, however, the interest accrued on the annuity is reported annually. The interest can be reported to either the assignor (payor spouse) or the payee spouse, depending on the language in the Settlement Agreement.

  The following are documents needed for Divorce Settlements – Division of Property non qualified assignments:

•  Non-qualified Assignment and Release (NQA)
•  IRS W-9 for either the annuitant (payee spouse) or the assignor (payor spouse), depending on the language in the Settlement Agreement.
•  Application (submitted by 4structures.com, LLC)
•  Court approval of settlement

For further details call John Darer at 888-325-8640