RG III & his second wife, Grete

You forgot his possible alimony/child support that will go on for years, costs that were taken off the top for agents, managers, trainers, other costs, etc.

 

Absolutely! The problem is that someone gets their big payday (or paydays), and then start spending millions just because they have the money. Insanely large mansions, exotic cars and so on. How long does someone stay a millionaire if they're spending the money faster than it's coming in?

 

No I'm aware he can easily file for bankruptcy to maintain his assets if he's not earning anymore

 

That doesn't get him out of alimony, child support and/or any student loans. I'm sure you are aware of that as well.

 

If he incorporates his assets he sure can there's a difference between chapter 11 and chapter 7. If his on paper assets are below a certain amount they can only work based on that not on that of an incorporated proprietorship. I don't know much about this particular avenue since I deal with more trading than asset protection but I do remember that was one of the reasons a lot of doctors and other business owners incorporated to protect assets from creditors and lawsuits

 

Its getting ugly now RGIII cut off his ex's credit cards and she is asking for 36k a month in child support
https://hater site.com/1557961/excl...ifes-credit-cards-as-she-demands-36k-a-month/

The unemployed mother of one said that she has to bills like $1,000 for “recreation, clubs and entertainment,” $400 for groceries and $5,000 in monthly credit card bills.

 

She's asking for half a million a year? That's some bitter hate shit right there. Better settle for half the assets and leave it there. The greed some people have is down right disgusting. Kudos to men who can stomach women after their divorce. It's a wonder a lot of men don't just give up parental rights. I know most men love their kids but the better act of love is to cut off all ties so you won't leave your child an orphan for potentially losing your shit

 

I don't know about other states, but here they don't have the option of "just giving up their parental rights". If it's their child, they will pay support until the child is grown, period. Actually, the mother doesn't even have the right to waive child support either. So the whole idea of better to settle for half and leave it there won't fly.

Oh and a BK won't get him out of that either.

 

You can use bankruptcy to reduce and reorganize payments.
If I were to go through this kind of thing invest all money into an LLC and pay myself 10k a year.
I just see numbers like this and lose my mind because working your ass off for years to only have most of it stripped away because some greedy heartless monster feels entitled to it is maddening. It would make me want to cut ties from my child too. Blame your greedy soulless mother for that. Move in with me when you're ready but that cancer of a woman can kick rocks

 

That's great in theory but doesn't mean it will fly. If they can track that they shifted money/income it doesn't matter, the arrears will stack up. And again, it doesn't matter even if the mother says no or wants it reduced. I went through a big thing with child support when I wanted it reduced at one point. Basically parents are told (the mother as well) that it isn't up to them, the judges will intervene and change the support to reflect what it should be based on income history. They basically say that you are abusing/neglecting your child if you waive or reduce support even temporarily because the child deserves it. That may be because there were those who dodged it, hid income, etc. Whatever the case, it's not as simple as one may think. He (and others) may be able to split their assets and then go to "retired/no income" or a very limited amount and then have a reduced amount of support. But there really isn't a way to dance it. And for those who have multiple kids with different moms and/or marriages, it's much worse. This is why it's so important to be smart about who you choose to have kids with.

 

Or just don't have them. This is where I agree with mgtow

 

Even better.

 

What are you going to do with 10k a year in New York? Buy a bunk bed and sublease from someone on section 8?

 

It wouldn't even be 10K cause up to 50%-60% goes to support

 

Lol damn!

 

Yah kinda makes you want to think twice about where that sperms going eh??

 

Lmao funniest shut you ever said

 

It's 17% in NY

 

Doubtful if you really factor everything in. When I say that, it is UP to that amount. Depends on number of kids etc. Also if there is any arrears. Not to mention medical, day care/private school, etc.

 

Why does anyone choose that hell