Benefit Money.
To all who may be wondering, but no one in particular, The original intent of the CR’s benefit money was based on the idea that the life insurance policy would be signed over directly to Jill to handle expenses, etc… ;It was decided and agreed upon at this point, that the funds generated from the benefit would be split. 75% would go into a growth fund for Lincoln & Matthew for college, or a first home –since they no longer have twwo parents. 25% would be for Paul’s entire family. This 25% was to be used at Jill’s discretion, for a cushion in addition to the life insurance money which now, at this point, is not being signed over directly to Jill. Jill was and is completely behind us on the intent of these funds. She also has complete and sole access to all the money raised from the CR’s benefit –roughly $8500.00. Terry “Louieâ†Semo, Paul’s friend of 25 years, also receives statements and on-line access to this account to monitor funds still coming in, or sending out thank you cards, etc… Louie and Jill went to the bank and set it uup this way together. NO ONE BUT JILL HAS THE ABILITY TO WITHDRAWL FUNDS FROM THIS ACCOUNT. Only the T-shirt money (cost) will come out of this fund. T-shirt sales generated between $250-300 in profit for this benefit. I think we’d all agree that it is important to get a large amount in a long-term growth fund for the kids’ future. We should also agree that funds are needed to cover Paul’s family’s expenses while they adjust to their new life. I have known the entire Olson Family for over 25 years. I have nothing but respect for them as good and caring people and I the fact is; Paul did not know his time would be up and he trusted his mother as the beneficiary when he set-up the life insurance policy. Neither you nor I should or could determine what Paul intended to due with this policy. We need to trust Kay Olson -Paul did. This is a tough subject when we are all still grieving. I know that the financial uncertainty must be really hard for Jill, and she needs to make some hard decisions based on what her resources are, or are not. We do not know exactly what will be decided with regards for the Life Insurance money. For this reason, we have not moved 75% of the C.R.s benefit money into a separate account. Jill has told us that she is going to try to hold onto the benefit money, so that we can open the new account for the boys. However, if the financial crunch puts her in need of this money, it is hers -and rightfully. Either way, it benefits Paul’s Family. Isn’t that what everyone intended when they made their donations? Anyone suggesting that they are going to “request their donations be returned I trust that Jill will make good decisions for her family and I know that Paul’s Mom, brothers, and sisters want a bright future for his family. Let’s all step back and have some faith. Things will work out. Wilkepedia’s Definition of “Gossip†The word gossip may refer to:* the act of spreading news from person to person, especially rumors or private information: see chat* the news spread through the act of gossiping. While gossip forms one of the oldest and (still) the most common means of spreading and sharing information, it also has a reputation for the introduction of errors and other variations into the information thus transmitted. That last part about the “introduction of errors and other variations into the information transmitted†has been happening here. Please pass this on to anyone who may still be wondering. Thank you Ryan Kampff Customer Service Manager HIGH PROFILE GROUNDS MAINTENANCE
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