said he also wanted to question her about whether the $11,000 in charges on that monthâs MasterCard bill were real or âunsubstantiated,â as theyâd been the previous month, when heâd had to cancel the credit card.
He said heâd started setting up a number of trusts to protect their assets from this litigation, including a Cook Islands Asset Protection Trust, as well as a living trust and an asset protection trust for his separate property after Sue had left the âfamily home.â
Just as he later did with Nanette, it had been his practice with Sue to give her a certain amount to pay the household bills.
Since I handled all the business of the community, all she would have to do was tell me how much she needed to run the household each month and I would give it to her, he stated in court papers. In this manner, I have provided substantial payments to my wife each month over the past several years. I never asked on what these moneys were spent even though I felt they were rather excessive.
These filings indicate that Bill watched his money quite closely when Sue was managing the household. This begs the question whether Bill trusted Nanette so much that he blindly let her manage the bills and appointed her as a trustee to his estate, or whether he was still keeping an eye on things and could have figured out what she was doing just before he was killed, as his brother Patrick suggested.
Although Nanette may have thought Bill had trusted her completely, itâs possible that she didnât understand how these trusts and his estate worked as well as sheâd thought. She also may not have known that Bill had designated a close friend to be the âprotectorâ of his estate, which meant that the friend had the power to correct or change any of Nanetteâs actions relating to the living trust.
In his divorce declaration, Bill estimated the value of his estate at only $8.15 million, including $3.9 million cash in the bank. He listed $9.43 million in âliabilities,â including money that he figured he would have to pay Jacob Horowitz, who later cited these documents as proof that Bill knew he owed him money when the two were fighting in civil court.
In the end, Sue got to keep the Hawaii home, valued at $2.5 million, as part of a $4.5 million package that included a 1986 Isuzu Trooper and annual payments of $300,000. Bill kept a twenty-one-acre avocado ranch in Fallbrook (valued in 1990 at $690,000) in neighboring San Diego County, the Balboa Coves house (valued at $600,000), and his two homes in Las Vegas. He also kept his airplane, two boats, two Mercedes cars, and a 1986 Chevrolet station wagon. In addition, he held on to all future earnings and royalties from the Plasmacell-C device.
Because Billâs character flaws and his total worth were cited in public divorce papers, they ended up in the newspaper and being batted around by neighbors and former business associates, which further upset his children and close friends.
Reporters were also using the divorce file to track down Sue and question her, so she had the records sealed. However, some of the documents still remain today in the archives of an Alameda County courthouse, where they were filed as part of Horowitzâs several lawsuits against Bill and Baxter Healthcare, which were still pending when he was murdered.
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Bill McLaughlinâs slaying rocked the tiny bedroom community of Balboa Coves, where residents were rattled that such an incident could happen within the perceived safety of the gates. This was the kind of place where the well-off moved to get away from the dangers of urban life and the riffraff that went with it.
âPeople came there to avoid getting their front door kicked down and shot,â Dave Byington, the retired homicide sergeant, recalled recently.
But this case also had an air of intrigue and mystery. The shots were fired at close range, and the shooter left
Barbara Boswell, Copyright Paperback Collection (Library of Congress) DLC