Las Vegas Shooting


At that site if you look for information on the critical question of how the funds will be distributed, all you can find is "TBD" (back on 10/4 the organizers said "later this week, we will make an announcement about the process to distribute the funds," but at present they still haven't provided that information).

Most credible go fund me initiatives go to significant lengths to lay out those specifics before asking anyone for donations. While I understand all the people making donations have good intentions, there is some caveat emptor in this one, especially given the number of victims and the high likelihood of civil litigation stemming from the event. Or stated differently, the organizers are going to face big challenges in coming up with a policy that makes everyone happy with how the proceeds are distributed.
 
I wish people that are not directly involved in the investigation would stop going to the press with "facts" about the shooter and attack, and I wish "journalists" would think twice about reporting it.
I'm not going to link what I read but my goodness do these people have any shame. I get it, you want to be the first one with the story but it is getting ridiculous.
 
At that site if you look for information on the critical question of how the funds will be distributed, all you can find is "TBD" (back on 10/4 the organizers said "later this week, we will make an announcement about the process to distribute the funds," but at present they still haven't provided that information).

Most credible go fund me initiatives go to significant lengths to lay out those specifics before asking anyone for donations. While I understand all the people making donations have good intentions, there is some caveat emptor in this one, especially given the number of victims and the high likelihood of civil litigation stemming from the event. Or stated differently, the organizers are going to face big challenges in coming up with a policy that makes everyone happy with how the proceeds are distributed.
The persons who started the gofundme account are both in the local public's eye and started this as a bipartisan charity outreach. One is the Sheriff of LV , a Republican, and the other is a Democrat, and Chairman of some LV Commission. Given the current situation in the area and the founders' stature in the community, I'll take a leap of faith that they will do the right thing.
 
At that site if you look for information on the critical question of how the funds will be distributed, all you can find is "TBD" (back on 10/4 the organizers said "later this week, we will make an announcement about the process to distribute the funds," but at present they still haven't provided that information).

Most credible go fund me initiatives go to significant lengths to lay out those specifics before asking anyone for donations. While I understand all the people making donations have good intentions, there is some caveat emptor in this one, especially given the number of victims and the high likelihood of civil litigation stemming from the event. Or stated differently, the organizers are going to face big challenges in coming up with a policy that makes everyone happy with how the proceeds are distributed.


I live in the Gatlinburg area. I remember the night of the fires, telling my husband "someone credible needs to get in front of the gofundme pages" - this guy did exactly that. I'm glad he did.
 


The persons who started the gofundme account are both in the local public's eye and started this as a bipartisan charity outreach. One is the Sheriff of LV , a Republican, and the other is a Democrat, and Chairman of some LV Commission. Given the current situation in the area and the founders' stature in the community, I'll take a leap of faith that they will do the right thing.

I appreciate the details and also hope they do. So now we wait to see if they keep the promise ("later this week we will announcement about the process to distribute the funds") they made back on Wednesday.
 
One of the victims was a Disney employee.

Carrie Barnette, age 34 of Riverside CA had been a member of the culinary team at Disney California Adventure in Anaheim for 10 years. She lived in Riverside, California, and worked at Flo’s V-8 Cafe in Cars Land. According to her mother, she loved her role there. She was the oldest of three children and died on the way to the hospital after being shot in the chest at the concert.

Disney Chairman Bob Iger released the following statement regarding her death:

"We are especially heartbroken over the loss of one of our own to this unconscionable and senseless act. Our thoughts are with her family, along with our support, during this incredibly difficult time.”

9350411_web1_webcarrie-barnette2017103145232527.jpg


Another Disney employee, Jessica Milam (picture below) was seriously injured in the attack. Milam works in Disneyland’s Tomorrowland. According to her family, she was shot in the abdomen and suffered liver damage. She in currently in stable condition in the the intensive-care unit of a Las Vegas hospital, where she is receiving artificial respiration via a ventilator.

facebook%20photo
 
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I thought the same thing. I wish he wouldn't say that to the media unless there is actual evidence. It's just feeding into all of the conspiracy theorists.

It looks like the investigation into the shooter's motives has hit a wall, given the authorities are now going into "someone out there must know or have seen something so please come forward" mode. Per the LA Times:

"Unlike the investigations that follow many mass shootings, a study of Paddock’s computers, political affiliations, behaviors and finances has not uncovered any clear motive for the attack or any “potential radicalization,” Las Vegas Metropolitan Police Department Undersheriff Kevin McMahill said.

“I get it — we all want answers,” McMahill said. “We have looked at everything, literally.”

He urged anyone with information about Paddock’s movements or plans to call (800) CALL-FBI, saying there could be “a number of people out there that know that something looked out of place
.”
 


I appreciate the details and also hope they do. So now we wait to see if they keep the promise ("later this week we will announcement about the process to distribute the funds") they made back on Wednesday.

Yep. Charitable and volunteer efforts frequently go awry, despite everyone's best intentions, despite being launched in complete good faith, and regardless of the community standing of those involved. Especially new ones, put together in haste. It's not at all unreasonable to ask for specifics on how the money will be dispersed, before you donate to them.
 
MGM Resorts - Mandalay Bay, MGM, Luxor, Excalibur, NY-NY and many others on the Strip - emailed out the following this morning:

6C0EB783-ED57-42EC-80B5-AF2852AB744C.jpeg
 
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Which will prompt a bunch of the other victims and their families to do the same thing, which in turn will result in mass of competing civil suits all going after the same estate. Or put more bluntly, a massive ambulance chasing mess that will take years to resolve.

Unfortunately, only the lawyers will probably end up getting paid. He was well off, but not that well off.
 
Unfortunately, only the lawyers will probably end up getting paid. He was well off, but not that well off.
Didn't I read he claimed $5 MILLION in gambling winnings on a tax form? Maybe I don't remember correctly.
 
Didn't I read he claimed $5 MILLION in gambling winnings on a tax form? Maybe I don't remember correctly.

You're looking at 550+ complainants and theoretically those that were lost and those that were injured could all hire their own counsel. That can run through a ton of money crazy quickly in just court and legal fees.
 
You're looking at 550+ complainants and theoretically those that were lost and those that were injured could all hire their own counsel. That can run through a ton of money crazy quickly in just court and legal fees.


Exactly. There will be a relatively trivial amount of $$$ per victim....assuming he has 10 million, shave off at least 1/3 of that for the lawyers. Leaves 6.6 million. 550 victims (at least....people present, but not physically hurt, have been traumatized too and could rightfully claim injury) means about 12K each. Not exactly a huge haul. I hate to be cynical, but I'm gonna guess this is more about some lawyers lining their pockets than getting meaningful compensation for the victims. Lawyers, of which there will be a smaller number than 550 in all likelihood, are getting to split 1/3 of the estate. The actual victims share the rest.
 
Which will prompt a bunch of the other victims and their families to do the same thing, which in turn will result in mass of competing civil suits all going after the same estate. Or put more bluntly, a massive ambulance chasing mess that will take years to resolve.

I’m pretty sure the idea behind a trusted administrator is just to freeze the assets and not to place dibs on them. It’s going to be split too many ways. I would be surprised if MGM and the event organizer aren’t brought in as defendants. Possibly even Kenneth Feingold as a fund administrator.
 
I’m pretty sure the idea behind a trusted administrator is just to freeze the assets and not to place dibs on them. It’s going to be split too many ways. I would be surprised if MGM and the event organizer aren’t brought in as defendants. Possibly even Kenneth Feingold as a fund administrator.

As I said in an earlier post, if Paddock was smart enough to set up a proper estate plan (particularly an irrevocable trust) it's not going to be as easy as some here think for any court to freeze assets in it. And I agree with mnrose's point that even if that happens, given the number of victims the amount per individual if it is split "evenly" is going to be insignificant.

And on a related tangent, back on Wednesday 10/4 those running the gofundme initiative for the Las Vegas victims said "later this week, we will make an announcement about the process to distribute the funds."

They didn't keep that promise and are still requesting donations without any specifics about how the funds will be distributed.
 
As I said in an earlier post, if Paddock was smart enough to set up a proper estate plan (particularly an irrevocable trust) it's not going to be as easy as some here think for any court to freeze assets in it. And I agree with mnrose's point that even if that happens, given the number of victims the amount per individual if it is split "evenly" is going to be insignificant.

And on a related tangent, back on Wednesday 10/4 those running the gofundme initiative for the Las Vegas victims said "later this week, we will make an announcement about the process to distribute the funds."

They didn't keep that promise and are still requesting donations without any specifics about how the funds will be distributed.
I hope some of it will go to assist with victim's medical expenses. I just saw a local news story about a woman from our area that was critically injured. Unfortunately she had travelled without medical insurance and has racked up over 6 figures of bills in a Las Vegas hospital with no end in sight as she is not yet fit for travel back to Canada. :scared:
 
As I said in an earlier post, if Paddock was smart enough to set up a proper estate plan (particularly an irrevocable trust) it's not going to be as easy as some here think for any court to freeze assets in it. And I agree with mnrose's point that even if that happens, given the number of victims the amount per individual if it is split "evenly" is going to be insignificant.

And on a related tangent, back on Wednesday 10/4 those running the gofundme initiative for the Las Vegas victims said "later this week, we will make an announcement about the process to distribute the funds."

They didn't keep that promise and are still requesting donations without any specifics about how the funds will be distributed.

First, you're making a pretty big leap to assume he had an irrevocable trust. Even if he did, you're making an even bigger leap to assume he funded the trust. It's amazing how many people do their estate planning, create a trust and think that's all there is to it. If the trust wasn't funded, or if the proper mechanisms weren 't executed properly to fund the trust upon death it's effectively meaningless.

Basically what that means is all real property would need to be titled to the trust outright or the will must instruct transfer of the deeds to the trust upon death. If bank accounts and other investment accounts were not titled in the ownership of the trust the transfer would have to take place via the will. All personal property or proceeds from such would need to be transferred to the trust via the will. The estate cannot pass along proceeds from anything, or title or deed to anything until debts of the estate are paid. Even if he tied up real property(real estate) and bank accounts or investment accounts in an irrevocable trust they may be accessible to pay claims depending on the terms of the trust. Many people create trusts as part of their estate planning, naming themselves and their spouse as the initial beneficiaries of the trust. If this person had an irrevocable trust and had placed his real property holdings and a portion of his financial instruments in the trust, designating that they are for his benefit during his lifetime and then pass to whomever he designates upon his death as subsequent beneficiaries, they are not automatically now earmarked for those beneficiaries until the debts of the estate (his debts) are paid.

The suggestion that assets of an irrevocable trust are guaranteed untouchable is pretty remote. At the end of the day, there's no way this person had enough assets to pay out the claims certain to be coming.
 

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