WEBVTT
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This program is designed to provide general information with regards
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to the subject matters covered. This information is given with
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the understanding that neither the hosts, guests, sponsors, or station
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are engaged in rendering any specific and personal medical, financial, legal, counseling,
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professional service, or any advice.
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You should seek the services.
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Of competent professionals before applying or trying any suggested ideas.
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Good morning, True seekers and true crime junkies. Welcome back
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to another episode of Hit the Roadjack Finding This Zodiac.
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Let's welcome to the show today. Harriet Souchet.
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Okay, good morning.
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It's freezing today.
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It seems that there should be the realm though, what's that.
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I said?
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It should warm up quicker now, I hope. Anyway, we're
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waiting for it. One minute snow, one minute heat, one
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minute rain. That's just California. Welcome to lovely California. Okay,
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so I have some laundering research while we're waiting for
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Lindsay to join us. I had I had done some
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Oh there she is, Yes, we can.
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Good morning, Lindsay. Hello. All right, so we.
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Just hopped back into the presentation from last week. I
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did do some research. The first thing I wanted to correct.
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Is that Hello? Can you not hear us?
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I'm still here, Hi.
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Nolan, Good morning Nolan.
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We'll welcome no into the show instead. It seems technical
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difficulties has been the way of the day.
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Oh yeah, yesterday it was terrible. I had to call
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in on a zoom hearing.
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Yes, we love technology, and of course we were just
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told Skype is going away, so we're going to lose
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one of our availabilities for phone calls in. But we're
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going to do our best here. And I look, it
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looks like we've got Lindsay.
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Back with us.
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Yeah, kick me out. I don't know.
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We're doing well, thank you. How about yourself?
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Well?
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Trying to find a car?
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Oh good? What's that?
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I'm still going to pick up.
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I'm looking for broadcast.
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I can't help you.
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Oh you said you're selling a Toyota. Yeah, but you
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guys are states and states and states away. We'll talk
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later about that Toyota.
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Yeah, I still could get it from me because I
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like to buy another state. I'm like where.
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You like really being surprised with what you end up with.
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Have you ever been carfished? Yeah?
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I haven't.
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Okay, So back to our presentation I actually did, so
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I had to reach out from Cas Bogarazio, which is
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the individual who was very interested in the John Benney
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Ramsey case. He was the one that believed that he
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believes that Bill McReynolds is the suspect in that case
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because he played Santa A John Bonney Ramsey's house two
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days before her murder. But we showed via People magazine
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that Bill McReynolds had been cleared from DNA. But I
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had made a mistake and I had indicated that he
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worked with Murdoch, and he corrected me, stating that he
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worked with John Walsh and Erica's most Wanted, not Murdoch.
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Haven't really gotten in, Yeah, I haven't really gotten into
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what it was that he worked with John Walsh on.
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Maybe it was an episode for something, or if he
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was literally working on the team with them.
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I'm not I'm not really clear on that.
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Well, we need to know. I need.
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Yeah, No, I do plan on asking him.
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I just haven't had an opportunity since he's in the
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John Bonnet Ramsey realm. That's approximately, oh gosh, fifteen years
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ahead of our time right now, so we're in a
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time where waiting to catch up with him, and yes, Nolan,
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to answer your question, it is owned by Murdoch. So
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I guess in essence when I said with Murdoch, he
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was just meaning not personally with Murdoch, but with the
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show and John Walsh. Yeah, yeah, I wasn't too far
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off base.
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At any rate.
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I also did some research on revocable trust and a
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vocable irrevocable truth trust, which was eaten at me because
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I know that when I went through my probate classes
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for legal assisting that there was a distinct difference. So
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I wanted to look that up and now I understand
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what's going on with the Murdock case. So basically a
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revocable trust can be They allow you to avoid probate
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and distribute your assets to your loved ones according to
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your wishes. A revocable trust can also help you plan
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for the event of your incapacitation, as it allows a
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successor to step in and manage your assets during your lifetime.
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Though you can use and spend your assets as you
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normally would, which means you can also make changes at
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any time you want. An irrevocable trust, however, the assets
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are placed in an irrevocable trust that are removed from
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your control and you can no longer spend or use them.
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Irrevocable trust can be a good choice for medicaid planning
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or to protect a loved one, such as with a
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special trust. Any assets moved into an irrevocable trust are
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no longer considered part of the estate and may not
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be counted against medicaid or social security eligibility requirements. In
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certain circumstance stances, establishing an irrevocable trust may also reduce
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tax liabilities. So what I'm hearing here is we're basically
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removing it from the estate, so when you die, you
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don't have a state taxes on it at the end.
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Trust that both times, both types of trusts do that, and.
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Well, the revocable, the revocable tru the revocable trust, you're
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still taxed on those assets. You still have estate planning
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taxes that are even states in the revocable trust that
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you have to pay those taxes on the estate as
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a method of dispersing obviously the trust, but what the
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irrevocable trust, one of the caveats that I understood was
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is that you name somebody else the trustee so it's
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you're not in control of this anymore. So I believe
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what he's done is he's probably named somebody as the
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administrator or the trustee of the trust to hand to trust, and.
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He's wanting to make that change.
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He's wanting to pull assets out of it and give
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them solely to his older son. But what this says
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here is that you cannot make those changes without a
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court order. So basically, if you place everything into an
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irrevocable trust, the only way to make a change is
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to get a court order to approve that change, and
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all the beneficiaries have to agree. So here we have
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several siblings that are not agreeing with Murdoch's choice to
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remove Fox Entertainment from the trust to give solely to
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his eldest son, and that's what they're fighting about in court.
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So it's probably not that he is incapacitated, right.
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Irrevocable trusts are rare. Revocable are the standard ones because
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you have more control, And.
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Yeah, not a lot of people have the availability or
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the type of funds that Murdoch does to be able
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to take assets and set them over here and say
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I'm never going to touch them again.
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You know I don't need them for my life.
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Is if you maybe have early signs of demas physical
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ailments that you know are going to get worse, then
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you might consider irrevocable. Otherwise, if you have sound mind
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and you want to control your own assets, you do
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it revocable.
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Well.
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Revocable has a provision for when you're incapacitated. It takes
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two doctors to DM you incapacitated before the co trustee
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can take over. It allows you to name yourself as
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a trustee and a co trustee if you'd like. The difference,
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like I said, with the irrevocable, is that you have
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to name somebody completely different. You're not allowed to be
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in control of those assets at all. And again, not
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many people have enough money to be able to do that.
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So if I place my house in a trust and
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I need to refinance it, I certainly don't want to
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go the irrevocable route, right because I can't touch that
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asset anymore. I can't do anything out without court approval
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and beneficiary approval and so but one of the things
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that I paid attention to is that it help It
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can't be counted against medicator social security. So if you
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go into a home and and it's basically a way
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of making yourself look like you're defunct. You have no
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money because your assets are controlled by this trust. You
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have nothing in your estate, so that Medicaid can't come
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back and say you owe us all this money because
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there's nothing left in your state. If you will, it's
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a way to avoid paying back the system.
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Yeah, that's one benefit. But yeah, really, if ever recommend
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your invocable unless, like I said, there's physical or mental
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issues with the.
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Trust door well, and you have and you have major
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amounts of money, right. Anyways, last week we had finished
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up with the sale of the Lady Gislaine yacht of
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Robert Maxwell to Rupert Murdoch's ex wife, and of course
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we were discussing how that came about, and we had
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gotten into the last article which says, why though of
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all yachts in all the world, would former miss Missus
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Murdoch now and a Murdoch man to Peaster, having twice
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married since divorcing Murdoch in nineteen eighty eight, have chosen
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to buy this particular yacht.
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Author John Preston.
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Offers the following explanation in the very final paragraph of
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his book Fall, The Mystery of Robert Maxwell, which features
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a photograph of the Lady Ghisline on the front cover.
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He writes in twenty seventeen that Rupert Murdoch's former wife
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Anna decided that she wanted to buy a yacht. Their
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son James, a keen sailor, offered to help. A few
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weeks later he found just what he was looking for,
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a boat called the Lady Mona Kay on the market
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for fourteen point five million dollars. His mother went to
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have a look and liked what she saw. It was
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only after buying the Lady Mona Kay that Anna learned
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the yacht's name had been changed years earlier. It had
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previously been called the Lady Gaslaine. Perhaps, he says, but
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The Times, one of Rupert Murdoch's newspapers, knew about the
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yacht's history, reporting shortly before the former miss Murdoch bought
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it from a Saudi Arabian lawyer that the Lady Mona
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Kay was on the market and it was in fact
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Lady Ghislaine with a refurbished guardrail. So this was on
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This was an open secret in yachting circles. So basically
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what he's saying is that they knew exactly what they
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were buying. They knew exactly who this boat had previously
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been owned by. And I'm guessing with that refurbished guardrail,
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isn't that kind of the story where they'd indicated that
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Robert Maxwell had fallen.
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Overboard due to a faulty guardrail.
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Well, he might have got pushed her jumped.
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Well yeah, yeah, but.
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Yeah, that was my take too, that she's probably been
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on that damn yacht before.
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Oh.
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Absolutely competitors, but they were kind of partners in crime
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as well. She say so, I've.
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Been trying to monopolize the news.
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I think she was personally familiar with that boat.
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Yeah, and it seems that she was one coming on
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Maxwell too.
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Well, he sure went down hill appearance wise, because he
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was relatively the handsome man back in the days some
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of the other pictures you showed last week, he wasn't
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a bad looking eye. But in those pictures we just
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saw he looked terrible.
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Right, yeah, here we have him looking But then so
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did Murdoch, right.
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I mean, yes, oh yeah, he definitely did.
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He looks like, all right, let's not they add home
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and in arguments and beat up on their appearances.
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Moving on? All right, you know, actually right now, yes,
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go ahead.
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Can I interject something really quick. I've heard for a
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long time that Big Jaggers X was Rupert Murdoch's girl,
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which was Jerry Hall, and there was Jerry's Jerry Hall,
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So this pretty interesting.
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But we know.
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Hall.
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I just had something removed on Facebook that said that
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it was not it was not factually correct, that it
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came in from a satire newspaper or news source, which
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made me kind of just shake my head and go, well,
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how did it end up here to begin with? Because
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I clearly didn't post it on my own accord. I
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only repeated the posts because I thought it was funny.
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And second off, that's what we're led into, believe by
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people putting out false news, and it's really those people
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they should be going after.
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Stop fact checking us, go fact check.
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The individuals who are putting the information out and block