Millionaire Adopts Girlfriend

  • CuriousJockAZ

    Posts: 19119

    Feb 02, 2012 3:31 PM GMT
    http://gma.yahoo.com/polo-club-founder-adopts-girlfriend-amid-civil-suit-185509265--abc-news.html


    I thought this was an interesting idea. Maybe since gays can't marry, we should just adopt each other icon_lol.gif
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    Feb 02, 2012 3:33 PM GMT
    Haha, yeah I know! When I saw that I was like "srsly".
  • CuriousJockAZ

    Posts: 19119

    Feb 02, 2012 3:50 PM GMT
    I'd be interested in hearing from some of the lawyers here what the legal implications would be if a gay guy legally adopted his partner. It sounds crazy, but is this a viable option to get around current laws?
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    Feb 02, 2012 4:04 PM GMT
    It's actually been done. Wealthy gay men used to adopt their partners to allow for inheritance.
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    Feb 02, 2012 4:14 PM GMT
    There are states where gay people cannot adopt. In states where you can, the adopted adult forfeits all legal bonds and benefits that may come from their natural parents (inheritance etc).
    As well, once you adopt you cannot un-adopt.




  • groundcombat

    Posts: 945

    Feb 02, 2012 10:50 PM GMT
    Christian73 saidIt's actually been done. Wealthy gay men used to adopt their partners to allow for inheritance.


    Yup. This is the old school end around for the whole "gays can't get married" thing. Adopting a partner at least partially stops other family members from inheriting ahead of your partner via will contests or even intestacy (the default rules for who gets your shit when you die without a will). The trick with it, besides that some states don't allow adult adoption at all, is that you pretty much have to be sure who's going to die first when you do it seeing as how you can't both legally adopt one another.
  • groundcombat

    Posts: 945

    Feb 02, 2012 11:10 PM GMT
    "By way of this adoption John Goodman effectively owns or has direct control of one-third of the trust assets,"

    On a side note, I don't understand the quote from the article above. This guy essentially gave money to his girlfriend via a trust. I don't know of anything legally obligating her to do anything Goodman wants with it, including share it with him. After all, they're not married. I suppose there could be restrictions from the trust but if they're too tight and too much in favor of Goodman, it probably will be considered a sham. Seems doubtful though as he has other kids already benefiting from the trust.
  • GQjock

    Posts: 11649

    Feb 02, 2012 11:15 PM GMT
    Ummm ... the tired old Souse got drunk and killed someone awhile back ......

    and THIS is a way to hide some of his assets so when the wrongful death lawsuit is lost he can legally say I don't have any money

    icon_confused.gif
  • neosyllogy

    Posts: 1714

    Feb 02, 2012 11:28 PM GMT
    The assets set aside for his children can't be touched...
    That is clever. icon_smile.gif

    Um, do incest laws apply? I'm not sure how that works? "Child" protective services?
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    Feb 02, 2012 11:36 PM GMT
    FYI, he's actually a Billionaire.
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    Feb 02, 2012 11:44 PM GMT
    It's a very Roman thing to do. It normally happened when a Roman citizen, who had no male children, did not want to be an intestate, and so he made the adoption to keep the assets within the "familia". If he had a female child, the adopted son was married to her. All of it a ploy to keep money put. My how things don't change. icon_wink.gif
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    Feb 02, 2012 11:59 PM GMT
    CuriousJockAZ saidhttp://gma.yahoo.com/polo-club-founder-adopts-girlfriend-amid-civil-suit-185509265--abc-news.html


    I thought this was an interesting idea. Maybe since gays can't marry, we should just adopt each other icon_lol.gif
    Why dont you work to have gays enjoy that aspect of federal law? You know.. the "same' ones every other "heterosexual" person is entitled to..

    Again, you champion everything that is LESS than the exact same..
  • Posted by a hidden member.
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    Feb 03, 2012 12:04 AM GMT
    neosyllogy saidThe assets set aside for his children can't be touched...
    That is clever. icon_smile.gif

    Um, do incest laws apply? I'm not sure how that works? "Child" protective services?


    In some states yes, but in Florida they must be actually related by blood for incest laws to apply.
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    Feb 03, 2012 12:22 AM GMT
    hah... fuckin' BRILLIANT!
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    Feb 03, 2012 1:25 AM GMT
    Ryan_Andrew saidhah... fuckin' BRILLIANT!



    I don't know what is so brilliant about a man trying to protect his fortune from a possible lawsuit resulting from killing a man while driving drunk.
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    Feb 03, 2012 1:41 AM GMT
    That is fucked up but brilliant.
  • HndsmKansan

    Posts: 16311

    Feb 03, 2012 1:53 AM GMT
    Very interesting idea indeed!
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    Feb 03, 2012 4:05 AM GMT
    Iceblink said
    Ryan_Andrew saidhah... fuckin' BRILLIANT!



    I don't know what is so brilliant about a man trying to protect his fortune from a possible lawsuit resulting from killing a man while driving drunk.
    You notice that the OP thinks this is a great idea!
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    Feb 03, 2012 4:06 AM GMT
    If I dont find a husband, i'll just a adopt a nice slave boy, sure

    j/k.. I would hire one legally lol
  • groundcombat

    Posts: 945

    Feb 03, 2012 6:31 AM GMT
    Iceblink said
    Ryan_Andrew saidhah... fuckin' BRILLIANT!



    I don't know what is so brilliant about a man trying to protect his fortune from a possible lawsuit resulting from killing a man while driving drunk.


    Okay to be fair there's a thin line between being a douchebag and being smart. After all, countless people elect to incorporate their small business for similar reasons: to isolate their personal assets from the reach of potential victims their business might harm.