Muhammad Ali Jr. abandons family upon receiving inheritance

[madoka]

Like father, like son.

Guy gets approximately $9 million from his inheritance (assuming it was split evenly), and all he does is buy his kids new shoes before abandoning them? I'll bet that trust fund thing is a smoke screen. Those kids are getting nothing, especially since their father is a drug addict. He'll be back on welfare within five years.

http://www.bet.com/news/sports/2016...eave-his-wife-and-kids-after-receiving-i.html

New reports are claiming that after Muhammad Ali Jr. received his portion of his late father’s inheritance, he skipped town.

The son of the boxing legend, who passed away on June 3 at the age of 74, is rumored to have moved out of his family home in Chicago, leaving behind his wife and their two children after collecting his share of the $80 million fortune.

As reported, Ali Jr. is said to have relocated to a more affluent part of Chicago but it is still unclear as to why he didn’t take his family with him.

For the past decade, Ali Jr. and his wife Shaakira, and their two children, Ameera, age 8, and Shakera, age 7, had relied on food stamps and were barely scrapping by.

While he had been estranged from his famous father for years, it appears he has now decided to act in a similar fashion, allegedly detaching from his wife and kids now that he has come into some money.

“He gave his wife $75 to buy herself something nice, and bought the kids new shoes,” a source claimed. “He also wants to set up a trust fund for his kids.”

The source also added that Ali Jr. is a “simple dude” who “doesn’t need much.”

 

[Linux23]

Scumbag dead beat dad.

 

[Lyfer]

Ali was only worth 90 million? Thought he was worth a lot more than that.

 

[Sonikku]

I thought he was paid 100 mil from EA alone just to use his likeness in boxing games.

 

[Elixer]

Hmm, the Will should have fixed this issue... he could have setup his grandkids instead of giving it to the deadbeat dad.

 

[DrPizza]

Can't the mom divorce the dad & get half?

 

[Kaido]

The source also added that Ali Jr. is a “simple dude”

Sounds legit :hmm:

 

[BUTCH1]

Can't the mom divorce the dad & get half?

Yes, she should be able to. Laws vary state to state but generally an inheritance is considered "community" money and he would be forced to split it with her.

 

[Ricochet]

When I first read "he skipped town" I thought he might have left the country. Looks like he'll wouldn't be able to keep all his money. Like Butch1 alluded to, with a divorce the state will come after him for at least 50% of that money.

 

[madoka]

Yes, she should be able to. Laws vary state to state but generally an inheritance is considered "community" money and he would be forced to split it with her.

No it is not. Generally:

Inheritance is typically viewed as the separate property of the spouse who received it. However, the nature of separate property can change during the course of a marriage if combined with marital assets. When a married person receives an inheritance before, or during, marriage, she has no legal obligation to share it with her spouse.

And in Illinois:

http://www.divorce-law-illinois.com/non_marital.html

A typical example of non-marital property is inheritance. If one spouse inherits money (even during the marriage) and keeps that inheritance in a separate (solely-titled) account, that property will generally be considered non-marital property.

Sounds like he left immediately to make sure that it never mixed with their marital assets.

 

[BUTCH1]

No it is not. Generally:



And in Illinois:

http://www.divorce-law-illinois.com/non_marital.html



Sounds like he left immediately to make sure that it never mixed with their marital assets.

You left out the closing paragraph,
"A typical example of non-marital property is inheritance. If one spouse inherits money (even during the marriage) and keeps that inheritance in a separate (solely-titled) account, that property will generally be considered non-marital property. However (and it's a BIG "however"), many actions on the part of the owner of the non-marital property can transform ("transmute") that non-marital property into marital property. The law regarding transmutation is very complex and it is recommended that you seek specific legal advice if you have questions about non-marital property."

So by buying his kids shoes he might have "transmuted" that asset into marital property OR he sought the advise of a lawyer and was told not to go above a certain limit for example. I hope the other family's members who got big chunks of $$ help her out and possibly hire her a lawyer. In any event he will be liable for child support+alimony and any judge hearing the circumstances of this case would probably max his worthless ass out on payments. Epic douche-bag..

 

[madoka]

You left out the closing paragraph,
"A typical example of non-marital property is inheritance. If one spouse inherits money (even during the marriage) and keeps that inheritance in a separate (solely-titled) account, that property will generally be considered non-marital property. However (and it's a BIG "however"), many actions on the part of the owner of the non-marital property can transform ("transmute") that non-marital property into marital property. The law regarding transmutation is very complex and it is recommended that you seek specific legal advice if you have questions about non-marital property."

So by buying his kids shoes he might have "transmuted" that asset into marital property OR he sought the advise of a lawyer and was told not to go above a certain limit for example.

It's been 20 years since I took my Family Law class, but I'm certain transmutation is a helluva lot more than just buying your kid's shoes. It's WAY more of a gradual commingling thing, which obviously is not relevant in this case and why I didn't quote it.

 

[edro]

Sensational media is sensational.
Don't believe such headlines.

 

[Exterous]

So by buying his kids shoes he might have "transmuted" that asset into marital property OR he sought the advise of a lawyer and was told not to go above a certain limit for example.

Laws vary by state but it usually involves moving the money into a shared resource like a house, shared bank account etc. In Michigan buying shoes for your kid or buying something for your wife doesn't count as transmuting the inheritance (just what you buy for them). Regardless inheritance is, by and large, NOT community money until specific actions make it so.

 

[Chiropteran]

I hope the other family's members who got big chunks of $$ help her out and possibly hire her a lawyer. In any event he will be liable for child support+alimony and any judge hearing the circumstances of this case would probably max his worthless ass out on payments. Epic douche-bag..

Why do you hope that? Whether he is a douche-bag or not, what makes his wife deserving of a huge lump sum of cash?

 

[BUTCH1]

Why do you hope that? Whether he is a douche-bag or not, what makes his wife deserving of a huge lump sum of cash?

No, I don't want to see her get rich quick but he has helped to put 2 children on this world and don't you think they deserve more than a pair of shoes after his worthless ass inherits 9 million dollars?. If he wants to divorce her and do whatever that's his business but since they were living in poverty and surviving off food-stamps it seems this loser didn't have a job and was waiting for his famous dad to die.

 

[Sonikku]

It'll probably be pretty grating to the wife struggling to raise two kids on food stamps while her baller husband lives it up for a couple years blowing through the money until its gone.

 

[BUTCH1]

It'll probably be pretty grating to the wife struggling to raise two kids on food stamps while her baller husband lives it up for a couple years blowing through the money until its gone.

Which is why she should file for divorce ASAP so the judge can see he still has plenty of $$ and set child support and alimony as high as allowed by law.

 

[blackangst1]

Yes, she should be able to. Laws vary state to state but generally an inheritance is considered "community" money and he would be forced to split it with her.

This is incorrect. Generally, inheritances are NOT considered marital property. We also dont know the design of the trust. Without Googleing I dont know if this is true in IN, but if it is, it can be exempted if written into the trust.

edit: oops...covered.

 

[kage69]

This is really sad. I simply can't understand how a man could do that to his own children. I can see having a horrible relationship with your spouse, one that gets bitter and vindictive, where you refuse to support their laziness, infidelity, addiction, etc. But not supporting your own flesh and blood? They're just kids!

Makes me want to slap the living shit out of him. I'd probably have to wait in line though. I'm sure there are plenty of black guys who don't appreciate this shallow idiot re-enforcing a certain stereotype.

9 large is plenty of money to set up some basic accommodations/provisions for 3 people, as well as a pair of trust funds for the kids, and still be able to pursue that blingy lifestyle this dumbfuck craves. That's some Kenneth Lay (Enron) level selfish asshatery. I hope she lawyers up and can do something about it.

 

[BUTCH1]

This is incorrect. Generally, inheritances are NOT considered marital property. We also dont know the design of the trust. Without Googleing I dont know if this is true in IN, but if it is, it can be exempted if written into the trust.

edit: oops...covered.

No, I didn't mean she will get half in a divorce but the judge would probably set child support and alimony payments at a very high level since the fuckwad just pocketed $9 mil.

 

[spacejamz]

I simply can't understand how a man could do that to his own children.

I wonder if there is a connection between your statement and the rampant gang issues our country faces....

 

[WaTaGuMp]

Been a little while, he should be broke by now.

 

[blackangst1]

No, I didn't mean she will get half in a divorce but the judge would probably set child support and alimony payments at a very high level since the fuckwad just pocketed $9 mil.

In this case, remember, the inheritance is not part of marital property thus the judge cannot consider it in spousal/child support. So no.

 

[JSt0rm]

she may not be entitled to any of that money but if her kids are 7 and 8 years old she should be getting some serious child support.