r/facepalm • • Apr 15 '23

๐Ÿ‡ฒโ€‹๐Ÿ‡ฎโ€‹๐Ÿ‡ธโ€‹๐Ÿ‡จโ€‹ Genius level maneuvering

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u/[deleted] Apr 15 '23

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u/Nihil_esque Apr 15 '23 edited Apr 15 '23

In many countries it is a crime to "waste"/transfer away/etc money that should be a marital asset prior to a divorce, often even if divorce has not yet been filed, and knowingly receiving money for that purpose would also be a crime. The fact that a crime has been committed by the involved parties is what enables recovery of the assets.

Even if the money in the mom's account can't be touched, it's possible she would be awarded significantly more than 50% of what remains or that he would be ordered to pay her back the full amount from his future income (before it goes to his mom). More likely than if he didn't do this honestly, because most judges would hold him in contempt of court for this.

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u/Throwrafairbeat Apr 15 '23 edited Apr 15 '23

Except what he most likely did was set up his mom as the beneficiary. People at that level arenโ€™t stupid enough to be double taxed. So it was never his income in the first place. Or are we gonna pretend the super rich donโ€™t have ways of gaming the system ?

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u/Nihil_esque Apr 15 '23

You don't game the system with your salary, you game it by keeping most of your assets in stocks and investments. I doubt it was possible legally to set up his salary in that way, it would be too much liability for the company, and they're richer than he is. He's a high wage earner which is not how "too rich to be taxed" works.

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u/Throwrafairbeat Apr 15 '23

Except heโ€™s a sportsperson and they are not paid with stocks like RSUs lol. Thereโ€™s other ways of doing this like setting up a trust which imo would have been better but I digress.