finances and O.J. Simpson...
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Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date
finances and O.J. Simpson... joeNOSPAM@bea.com 01-18-2008
Posted by joeNOSPAM@bea.com on January 18, 2008, 12:57 pm
Hi.
How can O.J.'s finances be structured that he has ample money without
working, yet he has nothing available by law to pay his civil judgment?


Posted by jIM on January 18, 2008, 1:34 pm
I don't think pensions can be subjected to a lawsuit. I also know he
invested well when he was a player. If the investment went into an
annuity, it's possible that is not touchable by lawsuit either.


Posted by John A. Weeks III on January 18, 2008, 3:34 pm
In article

> I don't think pensions can be subjected to a lawsuit. I also know he
> invested well when he was a player. If the investment went into an
> annuity, it's possible that is not touchable by lawsuit either.

That is part of the whole cat and mouse game that OJ is playing
with the Goldman family. The moment OJ uses his protected money,
the asset may become unprotected. Goldman then steps in and files
for seizure of the asset as part of the settlement of their civil
lawsuit.

-john-

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John A. Weeks III           612-720-2854            john@johnweeks.com
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Posted by PeterL on January 18, 2008, 1:53 pm
wrote:
> Hi.
> How can O.J.'s finances be structured that he has ample money without
> working, yet he has nothing available by law to pay his civil judgment?


NFL pension.


Posted by kastnna on January 18, 2008, 3:30 pm
> wrote:
>
> > Hi.
> > How can O.J.'s finances be structured that he has ample money without
> > working, yet he has nothing available by law to pay his civil judgment?
>
> NFL pension.

In the wake of the Las Vegas fiasco, I heard somewhere that his
pension from the NFL is over $250k annually (unconfirmed). As the
others said, this pension is creditor protected.


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