you have children and you get sentenced to life in prison. What happens to all your money?
2007-01-05 09:10:47 · 7 answers · asked by CluelessOne 5 in Business & Finance ➔ Personal Finance
I'm sure most of it would be burned up on my legal defense team.
But I think what you want to know is that you would set up a trust to provide for your children as they grow and eventually turn it over to them.
2007-01-05 10:29:42 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
That would depend. If your money was obtained by the illegal activities you were convicted of, the police will take your money. But if not, whatever restitution you owe will be taken, and the rest can be signed into a trust account of some sort with the help of your attorney and your kids will live off of it.
2007-01-05 17:15:08 · answer #2 · answered by Together 4 · 0⤊ 0⤋
I don't see how being rich is filthy. The money will still distributed as you wish. Prision doesn't take away you right to handle your money.
2007-01-06 15:37:21 · answer #3 · answered by sm4125 3 · 0⤊ 0⤋
You would probably set up a trust so that your children would be taken care of.
2007-01-05 17:12:58 · answer #4 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
i would use it to buy protection for me while i was on the inside, this way my innocence wouldn't be violated :)
2007-01-05 17:18:48 · answer #5 · answered by Rich "The Panda" B 2 · 0⤊ 0⤋
I AM
2007-01-05 17:17:37 · answer #6 · answered by amberharris20022000 7 · 0⤊ 1⤋
it goes to your family. duh!!!!
2007-01-05 17:18:32 · answer #7 · answered by tori kurts 1 · 0⤊ 0⤋