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Message
re: Petition by Benson heirs to have him declared incompotent DENIED
Posted on 6/18/15 at 3:58 pm to Chad504boy
Posted on 6/18/15 at 3:58 pm to Chad504boy
Rita will drown her sorrows in clam dip and Dixie beer 
2
Posted on 6/18/15 at 4:01 pm to Mouth
Posted on 6/18/15 at 4:22 pm to goatmilker
Is that code speak for hookers and blow?
Posted on 6/18/15 at 5:08 pm to Chad504boy
Good. frick that bitch rita
Posted on 6/18/15 at 6:33 pm to geauxtigers87
While that's great, I still don't see the courts allowing Benson to take away an irrevocable trust. I mean you set it up that way, it's irrevocable for a reason.
Posted on 6/18/15 at 6:44 pm to Brettesaurus Rex
quote:
While that's great, I still don't see the courts allowing Benson to take away an irrevocable trust. I mean you set it up that way, it's irrevocable for a reason.
Yeah but those weren't controlling shares. So that has nothing to do with Benson firing their asses from the Saints and Pelicans.
Posted on 6/18/15 at 7:17 pm to WeeWee
Posted on 6/18/15 at 8:57 pm to Lester Earl
Posted on 6/18/15 at 10:35 pm to Mouth
What's up with the sharperesque gif, bro?
Posted on 6/18/15 at 11:19 pm to Brettesaurus Rex
quote:
While that's great, I still don't see the courts allowing Benson to take away an irrevocable trust. I mean you set it up that way, it's irrevocable for a reason
Value for value is allowed, as I recall, even with "irrevocable trusts".
Posted on 6/19/15 at 1:31 am to VOR
This post was edited on 6/19/15 at 1:33 am
Posted on 6/19/15 at 7:39 am to Brettesaurus Rex
quote:
While that's great, I still don't see the courts allowing Benson to take away an irrevocable trust. I mean you set it up that way, it's irrevocable for a reason.
My dad is one of the top trust advisors in the country, and he told me there are a few ways to set it up where that would be acceptable. He found our threads on this subject very laughable way back when.
Also, it was reported that no controlling shares where contained in that trust, so Benson protected himself there
Posted on 6/19/15 at 9:00 am to Fun Bunch
quote:
This thing isn't close to over. This is just the competency hearing. Still great news.
this
Posted on 6/19/15 at 9:14 am to Chad504boy
God I love gif threads
Posted on 6/19/15 at 9:51 am to Brettesaurus Rex
quote:
While that's great, I still don't see the courts allowing Benson to take away an irrevocable trust. I mean you set it up that way, it's irrevocable for a reason.
I believe Benson created an imperfect (or intentionally defective) irrevocable trust, which does allow for substitution of assets.
The problem is that Benson doesn't have other assets equal to the value of the Saints (or Pelicans) to make a proper substitution.
It's all going to come down to the "bean counters" and their valuation of Benson's assets that are outside the trust.
ETA: AS others have said, it's now just a money issue. the beneficiaries of the trust are entitled to cash payments as stipulated in the trust, but they will not have any management say so. I bet that Gayle will make sure the operating expenses of the Pelicans and Saints will eat up most, if not all, of the profits before any payments are made the beneficiaries!
This post was edited on 6/19/15 at 10:00 am
Posted on 6/19/15 at 9:56 am to goatmilker
quote:
Rita will drown her sorrows in clam
quote:
...dip and Dixie beer
Posted on 6/19/15 at 10:02 am to Hoodoo Man
And now our 4 week trek across a vast barren waste land devoid of any football begins.
How will we cope?
Happy Friday all!!!
This post was edited on 6/19/15 at 10:06 am
Posted on 6/19/15 at 5:06 pm to goatmilker
good god almighty Goat
Posted on 6/19/15 at 6:41 pm to goatmilker
Does she do... Um... Er... Adult films?
Posted on 6/19/15 at 7:41 pm to St Augustine
I'm not sure. I believe Meat gets the credit. Works at his strip clubs perhaps? We ST'ers get discounts I'm sure. 
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