No, its against the law to profit or benefit from a crime. If you are a serial murderer, you cannot sell your story and keep the proceeds either. Crime doesn't pay.
Aren't they funny A few years ago, we were watching Extreme Makeover about a family whose house had burned. My DD (5 at the time), asked if we could light the fireplace
Aren't they funny A few years ago, we were watching Extreme Makeover about a family whose house had burned. My DD (5 at the time), asked if we could light the fireplace
No, they are called "Slayer Statutes" and while the law varies from state to state in essence you can not profit in any way from a murder or violent crime.
No, you can't. All life insurance policies (any insurance policy for that matter) is void if a felony or sometimes other levels of crime are involved. If a spouse kills another spouse and is convicted, no life insurance payout. You also can't buy term life insurance on kids for this very reason and they closely scrutinize how MUCH you buy on kids.
in some jurisdictions you have to convict a person of an unlawful death to impose the 'slayer' laws-and if it takes time to do that a person can gain access to the funds.
look at the menendez brothers-they were able to blow through a massive amount of money before they were arrested-and then wipe out the rest of the estate for their legal defense.
we have a case here is washington that's interesting on this issue-
a mentaly ill man murdered his mother and brother. his mother's estate sued and won a settlement from a mental health agency over allegations that they did not properly treat him-which may have contributed to the murders (think the estate won around $800,000.00). the man was subsequently found not guilty by reason of insanity. he's in a state mental facility but is suing (and it looks like he will be successfull) for his share of mom's preexisting estate PLUS a chunk of what they estate won in the lawsuit. the reason he will likely be successful is that our slayer law only excludes someone who participated in the 'unlawfull' killing of a person. he was found not guilty of breaking any law so technicaly he can inherit.
it's interesting to read how the different states have their laws set up-there's a few now that not only exclude the 'slayer' but also their minor kids (i can see the logic in it-as a parent you could have control over your kid's assetts or at least influence over them).
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