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Author Topic: Susan Powell #3 2/07/12 - 5/07/12  (Read 224783 times)
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tupelohoney
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« Reply #740 on: March 08, 2012, 09:08:15 AM »

I can't believe those low-life's are making claims on insurance policies.  But wait, just how did they know he had those policies?
Maybe that info was in his emails he left for them???
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KittyMom
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« Reply #741 on: March 08, 2012, 12:17:04 PM »

I can't believe those low-life's are making claims on insurance policies.  But wait, just how did they know he had those policies?
Maybe that info was in his emails he left for them???
Or the text messages.  Remember Alina wouldn't turn over her phone to LE.

Scumbag
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grace-land
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« Reply #742 on: March 08, 2012, 01:21:16 PM »

http://**/sltrib/politics/53658076-78/powell-policy-policies-susan.html.csp

New legal battle over Powell insurance policies
Policies Ľ Law forbids slayers, abusers from benefiting from death.
By brooke adams
| The Salt Lake Tribune
First Published Mar 06 2012 09:55 pm ē Last Updated Mar 07 2012 07:40 am

 ::snipping2::
Steve Downing, one of two attorneys representing Susanís parents, said Chuck and Judy Cox plan to file their own probate action in state court and will support the insurerís request for a District Court review.

"Clearly, under any law, he didnít have the right to change the beneficiaries," Downing said.

West Valley City Police have said on two occasions they were unaware of any insurance policy in Susanís name. In February, when asked about a $1 million policy in Susanís name, West Valley City Police Chief Thayle "Buzz" Nielsen said, "I donít know that, I hadnít heard that." The departmentís spokesman said the same thing in January 2009 as it began investigating what happened to Susan.

Downing said Chuck Cox spoke with police about the policies shortly after his daughter disappeared. "And if they didnít know about it, that is one of the first things you ask about, especially when a spouse goes missing," he said.

West Valley Police spokesman Sgt. Mike Powell declined to discuss whether investigators evaluated the policies as a possible motive for Susanís disappearance. Powell said only that his department would not "address any questions or issues in regard to that particular civil matter and leave that to the courts and respective attorneys to comment on."
 ::snipping2::
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grace-land
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« Reply #743 on: March 08, 2012, 01:28:57 PM »

http://abcnews.go.com/US/josh-powell-changed-life-insurance-policy-murder-suicide/story?id=15872199

Josh Powell's Siblings Try to Claim Life Insurance
By COLLEEN CURRY
March 8, 2012

In the months before he killed himself and his two children in a fiery explosion, Josh Powell altered the terms of a $2.5 million life insurance policy on himself, his sons, and his missing wife, Susan Cox Powell.
 ::snipping2::
The insurance was first taken out during the summer of 2007, when Josh and Susan Powell took out $1 million policies each on themselves, and $250,000 riders on each of their children. At the time, they designated one another as the beneficiaries. The couple later set up a family trust, designating each of their fathers as beneficiaries of the trust, and naming the trust the beneficiary of the life insurance.

Then, two years later, in December 2009, Susan disappeared. Police have never located her body and have made no arrests in connection with her disappearance, though Josh Powell was the only named person of interest in the case.

In October, 2011, just weeks after his father was arrested on charges of child porn and voyeurism, Josh Powell changed the beneficiary of the life insurance. No longer would the family trust receive the life insurance payouts; instead, Josh Powell's siblings would become the beneficiaries, according to the court documents.

The changes resulted in Susan Powell's father, Chuck Cox, losing his claim on the life insurance.

Two months later, Powell once again changed the beneficiary information, designating his brother, Michael Powell, as the beneficiary who would receive 93 percent of the pay out, while his sister Alina would receive 4 percent, and a third sibling would receive three percent. He designated his father Stephen as a secondary beneficiary.

Powell made the final beneficiary change on Dec. 3, less than two months before he killed himself and his children on Feb. 5, 2012.
 ::snipping2::


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MuffyBee
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« Reply #744 on: March 08, 2012, 01:34:08 PM »

Sicko murderer Josh Powell executed well planned murders of his sons and his suicide much further in advance then I think most realized.     JMHO
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grace-land
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« Reply #745 on: March 08, 2012, 01:56:06 PM »

Sicko murderer Josh Powell executed well planned murders of his sons and his suicide much further in advance then I think most realized.     JMHO

Agree.  And he probably planned for the siblings to help pay for the trial expenses of their father.   
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MuffyBee
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« Reply #746 on: March 08, 2012, 02:17:39 PM »

Sicko murderer Josh Powell executed well planned murders of his sons and his suicide much further in advance then I think most realized.     JMHO

Agree.  And he probably planned for the siblings to help pay for the trial expenses of their father.   


  That hadn't occurred to me grace-land.  I wondered why he would want them to have all that money.  I thought maybe was a sort of payoff to them for being supportive and etc.     It might not have been an act of kindness or generosity to his siblings, but more of his evil master plan.   
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KittyMom
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« Reply #747 on: March 08, 2012, 09:42:32 PM »

I hope those POS never see a dime.  Maybe the owners of the rental home can sue his estate for loss of property.  And maybe the Coxes can sue the estate for pain, suffering, and whatever else their atty can come up with. 
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grace-land
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« Reply #748 on: March 08, 2012, 10:59:03 PM »

http://www.examiner.com/missing-persons-in-national/3-5-million-life-insurance-policies-missing-susan-powell-case-under-scrutiny

March 7, 2012
$3.5 million life insurance policies in missing Susan Powell case under scrutiny
Isabelle Zehnder
Missing Persons Examiner

PUYALLUP, Washington (Isabelle Zehnder reporting) Ė Two New York Life Insurance policies for Josh Powell, his missing wife, Susan Cox Powell, and the coupleís two young sons, Charlie and Braden Powell came under scrutiny from a U.S. District Court Wednesday.

Anne Bremner, attorney for Susanís parents, Chuck and Judy Cox, said in addition to the $2.5 million New York Life Insurance policy under scrutiny there is an additional $1 million policy through Beneficial Life for a total of $3.5 million of life insurance for the Powell family of four.

Joshís estranged sister, Jennifer Graves, told KSL.com that the additional $1 million policies were $500,000 each for Josh and Susan and that the beneficiaries ultimately were supposed to be their sons.

Anne Bremner told KSL, ďI donít know. Do you have kids? Do you have insurance on your kids? The fact is he [Josh] had a lot of insurance on those boys.Ē
 ::snipping2::

It is their horrible end and the large amount of money in life insurance policies that is increasing suspicion of premeditation. Bremner said, ďIt certainly looks like it could be premeditated. This will be interesting to see in the policies whether thereís a suicide exclusion because apparently there isnít.Ē
 ::snipping2::

Continue reading on Examiner.com $3.5 million life insurance policies in missing Susan Powell case under scrutiny - National missing persons | Examiner.com http://www.examiner.com/missing-persons-in-national/3-5-million-life-insurance-policies-missing-susan-powell-case-under-scrutiny#ixzz1oaU7DevT
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KittyMom
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« Reply #749 on: March 09, 2012, 09:49:50 AM »

That monster's sick mind is plume scary.  I really believe that even if he got those kids back he'd have still murdered them.
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MuffyBee
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« Reply #750 on: March 09, 2012, 09:50:48 AM »

That monster's sick mind is plume scary.  I really believe that even if he got those kids back he'd have still murdered them.

ITA 
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flutter1
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« Reply #751 on: March 09, 2012, 10:11:41 AM »

You can bet your bottom dollar that New York Life Insurance and Beneficial Life will be fighting vigorously to avoid making these payouts.  Does any one know if there was a will for Josh and/or Susan?

Until there is a definitive decision on Susan, there can't be a payout on any of her assets, even those jointly owned with Josh.  In most wills, the estate of the person who dies first goes to the living partner.  So if Susan were found and the coroner put her time of death anytime before JP blew up the house, all of her assets would go to him.  Then the assets would be distributed however he set up his will, but generally they would go to the children.  The children are gone, so where does the estate go to in that case.  Unless there is something in the will to cover that situation, it would be distributed per the statutes of the state of residency. 

In this case, it is not even known "for sure" that Susan is dead and until something changes on that, I don't see there being any distributions from the estate. 

Obviously, JP could have drawn up a will with different stipulations, but one would wonder why he would do it.  But now, we would know that this plan had been in effect for a long time.   
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A joyful heart is the health of the body, but a depressed spirit dries up the bones. Proverbs 17:22 NAB

We don`t know who the monsters are.  And as a parent, our job is to take care of our children. Ken Fries, Sheriff Allen County commenting on the death of Aliah
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« Reply #752 on: March 09, 2012, 12:33:25 PM »

You can bet your bottom dollar that New York Life Insurance and Beneficial Life will be fighting vigorously to avoid making these payouts.  Does any one know if there was a will for Josh and/or Susan?

Until there is a definitive decision on Susan, there can't be a payout on any of her assets, even those jointly owned with Josh.  In most wills, the estate of the person who dies first goes to the living partner.  So if Susan were found and the coroner put her time of death anytime before JP blew up the house, all of her assets would go to him.  Then the assets would be distributed however he set up his will, but generally they would go to the children.  The children are gone, so where does the estate go to in that case.  Unless there is something in the will to cover that situation, it would be distributed per the statutes of the state of residency. 

In this case, it is not even known "for sure" that Susan is dead and until something changes on that, I don't see there being any distributions from the estate. 

Obviously, JP could have drawn up a will with different stipulations, but one would wonder why he would do it.  But now, we would know that this plan had been in effect for a long time.   

Good points. This may be the way to get to daddy dearest - make it clear that unless they find Susan's body there will be no money to pay his lawyers to defend his sorry azz.
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cw618
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« Reply #753 on: March 09, 2012, 12:41:46 PM »

for a guy that looked broke,or at least limited income,he sure had money to pay
for life policies,and domains,wonder what else he owns,that no one is aware of
wonder if susan had a policy at her firm/job she didnt mention
 
not sure how many josh powell there are in WVC,maybe josh got so busy
with other details and forgot about these $


2368792
POWELL JOSHUA
W VLY CITY
UT
84120
https://www.mine.utah.gov/UP_Search.asp

washington unclaimed,there are some susan and j,powell,i dont know where they lived in
washington,so not sure if any of this unclaimed is theirs
http://ucp.dor.wa.gov/Default.aspx

and thank you monkeys for all updates in all threads   
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flutter1
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« Reply #754 on: March 09, 2012, 01:03:02 PM »

for a guy that looked broke,or at least limited income,he sure had money to pay
for life policies,and domains,wonder what else he owns,that no one is aware of
wonder if susan had a policy at her firm/job she didnt mention
 
not sure how many josh powell there are in WVC,maybe josh got so busy
with other details and forgot about these $


2368792
POWELL JOSHUA
W VLY CITY
UT
84120
https://www.mine.utah.gov/UP_Search.asp

washington unclaimed,there are some susan and j,powell,i dont know where they lived in
washington,so not sure if any of this unclaimed is theirs
http://ucp.dor.wa.gov/Default.aspx

and thank you monkeys for all updates in all threads   

Working for a large corporation, like Wells Fargo, it would be unusual for Susan not to have insurance through her work.  Usually the company "gives" the employ a certain dollar amount and the employee can buy more at their expense.  The same for the husband and children.  Those policies are offered to the employ to buy at usually good rates.  Policies as large as Josh bought for the children, however, would be beyond what would be offered by an employee's benefits package. 

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A joyful heart is the health of the body, but a depressed spirit dries up the bones. Proverbs 17:22 NAB

We don`t know who the monsters are.  And as a parent, our job is to take care of our children. Ken Fries, Sheriff Allen County commenting on the death of Aliah
grace-land
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« Reply #755 on: March 10, 2012, 12:20:49 AM »

http://mynorthwest.com/11/641341/Who-should-get-Josh-Powells-insurance-benefits

Updated Mar 8, 2012 - 7:52 am
Who should get Josh Powell's insurance benefits?

 ::snipping2::
Life insurance policies typically have a two-year "contestability period." If someone dies during the first two years of having the policy, the insurance company can contest making payments on certain grounds, for example, if the death was a suicide or if the person lied about being a smoker and then died of lung cancer. Because the two-year period had expired for Josh Powell, his suicide did not render the policy void.
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MuffyBee
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« Reply #756 on: March 10, 2012, 08:30:28 AM »

http://mynorthwest.com/11/641341/Who-should-get-Josh-Powells-insurance-benefits

Updated Mar 8, 2012 - 7:52 am
Who should get Josh Powell's insurance benefits?

 ::snipping2::
Life insurance policies typically have a two-year "contestability period." If someone dies during the first two years of having the policy, the insurance company can contest making payments on certain grounds, for example, if the death was a suicide or if the person lied about being a smoker and then died of lung cancer. Because the two-year period had expired for Josh Powell, his suicide did not render the policy void.



I wouldn't put it past Josh to have known this and it was part of his sick plan.  As has been noted before, just when you think it can't get any worse, it does.    
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KittyMom
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« Reply #757 on: March 10, 2012, 09:41:33 AM »

http://mynorthwest.com/11/641341/Who-should-get-Josh-Powells-insurance-benefits

Updated Mar 8, 2012 - 7:52 am
Who should get Josh Powell's insurance benefits?

 ::snipping2::
Life insurance policies typically have a two-year "contestability period." If someone dies during the first two years of having the policy, the insurance company can contest making payments on certain grounds, for example, if the death was a suicide or if the person lied about being a smoker and then died of lung cancer. Because the two-year period had expired for Josh Powell, his suicide did not render the policy void.



I wouldn't put it past Josh to have known this and it was part of his sick plan.  As has been noted before, just when you think it can't get any worse, it does.    
He was so anal about details, I believe he did know.
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sailcat
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« Reply #758 on: March 10, 2012, 10:39:12 AM »

http://mynorthwest.com/11/641341/Who-should-get-Josh-Powells-insurance-benefits

Updated Mar 8, 2012 - 7:52 am
Who should get Josh Powell's insurance benefits?

 ::snipping2::
Life insurance policies typically have a two-year "contestability period." If someone dies during the first two years of having the policy, the insurance company can contest making payments on certain grounds, for example, if the death was a suicide or if the person lied about being a smoker and then died of lung cancer. Because the two-year period had expired for Josh Powell, his suicide did not render the policy void.



I wouldn't put it past Josh to have known this and it was part of his sick plan.  As has been noted before, just when you think it can't get any worse, it does.    

I believe you're right. Many years ago I knew a man who took out a large life insurance policy on himself. The day after the 2-year suicide clause ran out, he shot himself.
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MuffyBee
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« Reply #759 on: March 10, 2012, 11:22:20 AM »

http://mynorthwest.com/11/641341/Who-should-get-Josh-Powells-insurance-benefits

Updated Mar 8, 2012 - 7:52 am
Who should get Josh Powell's insurance benefits?

 ::snipping2::
Life insurance policies typically have a two-year "contestability period." If someone dies during the first two years of having the policy, the insurance company can contest making payments on certain grounds, for example, if the death was a suicide or if the person lied about being a smoker and then died of lung cancer. Because the two-year period had expired for Josh Powell, his suicide did not render the policy void.



I wouldn't put it past Josh to have known this and it was part of his sick plan.  As has been noted before, just when you think it can't get any worse, it does.    

I believe you're right. Many years ago I knew a man who took out a large life insurance policy on himself. The day after the 2-year suicide clause ran out, he shot himself.

  
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