The issue is how much the trust fund protects Nick's wealth for the division of assets and future spousal support. This is potentially substantial. If the trust monies were kept separate and funneled through a sole account in Nick's name, Kayla would have no claim to that money within the division of assets.
Support (spousal or otherwise) and assets are very different things.
Kayla does have a claim to half of his online earnings and prior work. That's roughly $1.5M by my estimate: $150K Rittenhouse + $250K Depp + $1M Rumble deal + extra Superchat money and whatever he earned pre-YT. She'd get half of that. That's been highly eroded (see above). Also, back out taxes. It's a pittance.
That's not how it works. If the money is spent, it's no longer dollars that someone can demand cash for. If the money went into something that benefits them both, then the asset is a joint asset and there will be a valuation, but it's not free cash - it may need to be sold or it will be an entry on the balance sheet (at market, not purchase value, in most cases).
But even doing your wrong math, $2m isn't a pittance
I'm not sure what "4x" means. Most "high value" divorces require the monied spouse to pay for tuition and living expenses of a child through college, assuming the eldest child is college-bound. Nick can fight that. He can claim destitution, I suppose, but I have got to believe he wouldn't be that disgusting or that Bob and Celeste would step in.)
In MN there is no requirement to support children past 18 or the end or secondary school. And there is no child support requirement for a child over 18.
Settlement agreements can say anything, but the legal requirement is 18/end of high school. There is nothing to fight specifically on that front from a legal requirement standpoint.
As far as I understand, and @AnOminous or other well informed kiwis may set me straight, but while you can do all sorts of tricks with property and trusts and so on, ultimately a court will dig it out and make you pay. (Otherwise everyone would do it).
The point with trusts as an asset is typically around who controls the money flow and any guaranteed payments. But again, inheritance to a spouse is typically non-marital property.
His first non-reply tweet since September 21st, and this lame comeback is all he can do.
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He's such a fucking idiot. Yes, fatalities increased, but that is independent of tickets, since MN gives out tickets and doesn't typically arrest people or revoke their licenses at the time of the ticket, so they stay on the road and speeding, like Nick. If fatalities are up it's because there are more people on the road and/or more people are driving like he does bc they can see that even if you're a dangerous asshole (like him), you can continue doing it without major consequence. A 4-month campaign isn't going to have immediate effect. He's so damn stupid and disingenuous.
Courts will generally honor 529 plans for college and require them to be continually funded if that is the history. (Plenty of anecdotal examples on the Internet in MN. Stats are scant.)
529s are an easy way to avoid federal and state taxes. Maximum is $425K/beneficiary spread over many years when the kids are minors.
Then, x 5 kids... that's a lot. Assuming Nick has 529s in place, no court will allow him to cash out if there's a divorce. They may even compel him to continue to pay into it.
(It might be in Bob and Celeste's hands but that's another issue.)
If they have 529s, that money is the child's/children's, not a nariral or individual adult asset. Yes, a court could require them to be funded through litigation, but they won't reject a settlement agreement that doesn't require it.
Nick's lack of success has little to do with his education, it's all him steering his life to abject failure.
True, though he went to low-tier higher education schools. And as someone in an intact upper-middle-middle-class family, at minimum, who went to a decent high school (it's not top tier, but not a problem school system, either, at all), landing at the college he did puts him mid-low tier for students at best, including counting the ones who didn't go to college from there at all. And that years later he went to the school he did puts him mid-tier (bumped up bc a non-MN school was not an option, given his family was here and apparently rope-tied to willmar).
Rehab has historically been an abbreviation for residential rehabilitation. I've never heard anybody refer to the kind of outpatient programme that Rekieta attended as rehab. Accidental misuse of the correct term or deliberate attempt to mislead? Rehab has generally referred to the most intensive form of drug/alcohol treatment -- long term, in-patient in which pretty well all aspects of your life are managed by the programme during the treatment process. The kind of out-patient programme Rekieta attended is really more akin to an educational programme. Perhaps there would have been some group work thrown in -- perhaps some kind of introduction to 12 step meetings, but engagement tends to be pretty voluntary. It's easy to just go through the motions.
Idk what specific type of program he attended, but there is such a thing as intensive outpatient care. It's usually a few hours a day a few days per week (it can vary). It's usually oriented to people who need to work for a living but need help.
Nick had no reason not to go to a standard inpatient residential 30-day program. He lives 2 hours from one of the best/ best-known rehab/recovery centers in the nation. It also has satellite programs in other towns though idr if any of them are inpatient. But beyond Hazelden, there are loads of other options.
There are two for sure within 90-100 minutes (aka, an hour, at Nick's driving speeds) of him. Fuck it there are a ton right in and around Willmar.
And btw his "oh noooo I pay $1500/month in healthcare insurance" insurance would absolutely cover inpatient for him, which runs around $30k (may be outdated info) for a 30-day stay.