Reverse mortgage for escort services

[+ tassojunior]

So basically it's a matter of having a more extensive writing sample and in some cases not needing a witness. Someone who signs later isn't a witness; I can't tell what you mean by "just added."

I mean in some states a witness is not necessary to a holographic will but having at least one makes proof easier. One with two witnesses is a regular will but if it is in the deceased's handwriting then if it fails as a regular will for some reason it probably will be valid as a holographic will. Generally, states that allow holographic wills without witnesses still want witnesses that the handwriting is the deceased's. Handwriting experts also do. Virginia law:

 

There is an exception for a will that is entirely in the testator's own handwriting. Such a will is known as a holographic will and is valid even without any witnesses (though there is a requirement that two witnesses who are familiar with the testator's handwriting testify that the alleged will is authentic).

The following states recognize holographic wills made within the state

: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Idaho, Kentucky, Louisiana, Maine, Michigan, Mississippi, Montana, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, and Wyoming.

wikipedia

Edited May 23, 2018 by tassojunior

[+ tassojunior]

I’m amazed that some contributors volunteer so much personal financial information. I’m very close-mouthed about my financial situation. Perhaps I’ve always been too cautious.

 

I think a luxury of an anonymous forum is that people can seek experiences of similar situations without being public. Everyone's situation is different financially and you have to be clear what yours is for your experience to useful.

[mike carey]

So, does anyone out there think that a well crafted contract with an escort to supply agreed upon services at an agreed upon maximum frequency, which would be paid off at the time of my passing by the insurance policy, is a tenable situation. I know some will dismiss this right off. Some will offer arguments why it is a bad idea for me or for the escort. But, really what I would like to know, if anyone thinks this could work.

If it's term insurance (in Australian terms a policy that has no investment value and only pays anything when you die) that may be an option, but as others have suggested there are too many ways it can all come unstuck (challenging the assignment of the funds by will beneficiaries for example). Rather than assign the value of the policy to an escort, if you still see a point in maintaining the policy, it would probably be better to pay for escorts from your other assets and have the insurance go into your estate to meet your limited wishes to provide for beneficiaries. If it's an endowment policy (i.e. has a cash out value) you would probably be better off cashing it out yourself and spending the proceeds on the escort(s) of your choice.

[+ VictorPowers]

Who do you expect to draw up this contract? The kind of lawyer who would happily do that is probably not the type of lawyer you want. There is no valid consideration.

 

Not that the parties would complain about it, but it could be challenged in probate and has gift tax implications if it's structured as such. The escort would be silly to agree.

Would a contract even be needed? It wouldn't hold up in court anyway. I feel a verbal agreement and a simple beneficiary change for the policy would be enough? Maybe there are more moving parts, but what a creative/interesting arrangement proposal.

[+ FrankR]

I’m amazed that some contributors volunteer so much personal financial information. I’m very close-mouthed about my financial situation. Perhaps I’ve always been too cautious.

Well, personal finance is exactly that: personal. Every person is different, so I am not too surprised. Some people are more private...

[+ sniper]

I believe you would be better served by a viatical settlement, if available. There are companies that will purchase your policy from you for more than the surrender value(what you would get from the insurance company if you cancel) but less than the death benefit. It's most commonly used for people who are terminally ill, but depending on your age and the cash value of the policy, you could be a candidate.

Then just use that money to hire directly.

[+ FrankR]

I believe you would be better served by a viatical settlement, if available. There are companies that will purchase your policy from you for more than the surrender value(what you would get from the insurance company if you cancel) but less than the death benefit. It's most commonly used for people who are terminally ill, but depending on your age and the cash value of the policy, you could be a candidate.

Then just use that money to hire directly.

A viatical is only available if the insured is terminally ill.

Life settlement is available to those that are healthy, just fyi. Don’t ask me how I know that - I try to hide how big a nerd I really am!

[+ quoththeraven]

Would a contract even be needed? It wouldn't hold up in court anyway. I feel a verbal agreement and a simple beneficiary change for the policy would be enough? Maybe there are more moving parts, but what a creative/interesting arrangement proposal.

What's the insurable interest of the beneficiary?

 

https://www.insurancescored.com/what-determines-an-insurable-interest-in-a-life-insurance-policy/

 

A boyfriend could be considered to have an insurable interest. An escort, maybe not so much.

[marylander1940]

I received a text today from a friend who was recently divorced and has decided to retire to enjoy the single life.

This sounds like a great idea, but the fact is that as hiring escorts is my main manner of obtaining sexual gratification with another person (masturbation still runs at #1 over all) i am not sure I could maintain a satisfactory hiring life if I retired.

This is not a post to get ideas on how to get more free sex, rather, this is a post to see if this idea is too out there.

At this point in my life, I have much more life insurance than I need. My wife has passed. I have no children. i have one or two needy relatives who I like and to whom I would like to leave substantive inheritance, but as to the rest, they may want more but I see no need to give them any. So it will be easy to continue to have two of the policies with those relatives as beneficiaries. I would divide my other worldly goods, such as they are, to friends and charitable organizations and of course, I would leave enough behind for the care for my dogs.

That still leaves me with one paid up life insurance policy for about $500K and really no obvious recipient.

Now my liquid assets should keep me comfortable as long as I die before I get uncomfortable. I could cash the policy and use it for mad money.

Or perhaps, there may be an escort who would offer services against the eventual inheritance of that policy. Now I hate being worth more dead than alive to anyone, as it seems to give someone another reason to want to see me dead, other than the usual ones. But still, this idea holds some attraction for me.

So, does anyone out there think that a well crafted contract with an escort to supply agreed upon services at an agreed upon maximum frequency, which would be paid off at the time of my passing by the insurance policy, is a tenable situation. I know some will dismiss this right off. Some will offer arguments why it is a bad idea for me or for the escort. But, really what I would like to know, if anyone thinks this could work.

No need to preach about changing desires and such.

 

Sounds too complicated...

[BluDay]

I'd want it to somehow be irrevocable,

 

My life in insurance was years ago (and not in life insurance), but my understanding is that it is virtually impossible to set up an irrevocable beneficiary if you own the policy. So where I have no doubt the OP would leave the beneficiary in place as agreed (and this comment is in general, not to him), the escort in this situation would have to consider the risk of a beneficiary change. This is an issue in addition to questions of other beneficiaries contesting, and of course, performance in the agreement.

 

In certain specific cases, it would be great. In the general scheme of things, there are several points where one or the other would not get what they wanted.

[instudiocity]

I've always thought of life insurance as something to protect those currently in your life who are financially dependent upon your income. If your wife was the only reason for insurance, you no longer need it. Stop paying the premiums. I was in the same position, and stopped paying premiums when I retired.

 

If policies are paid up, then it's yours to do with to make your life happy.

 

A big reason for my dumping life insurance, is that I didn't like the idea of me continuing to pay premiums just so others, not financially dependent upon me, could "win the lottery" when I died. I thought about charities, but thought it be easier to spend the premium money directly on the charity.

 

EXACTLY! First, even though the policy is 'paid up' the insurance company is deducting some current costs of insurance for the death benefit in excess of cash value or death benefit portion of total insured risk. So there is a cost whether or not the insured is paying it. Second, the return on investment in the policy is no where near the ROI the insurance company is gaining from your dollars. In effect you're loaning your dollars to the insurance company to reap a huge profit while paying your a pittance for your capital.

 

One way to satisfy the patronage of a "tradesman" would be to invest your funds in an account providing immediately monthly draws to the "tradesman" while the patron continues owning the account.

Edited May 23, 2018 by instudiocity

[+ Pensant]

Well, personal finance is exactly that: personal. Every person is different, so I am not too surprised. Some people are more private...

 

Very true. Some astute providers have flat out asked me if I was a millionaire, to which I replied “a million dollars isn’t what it used to be”! I must have that “loaded” look, lol.

[+ VictorPowers]

Sounds too complicated...

Many moving parts indeed. I could understand this sort of arrangement with a longtime regular in which trust has been established.

[marylander1940]

Many moving parts indeed. I could understand this sort of arrangement with a longtime regular in which trust has been established.

 

Besides... folks do change their minds, relatives could lawyer up too.

 

 

Would yinz make yourselves be worth more dead than alive to someone you see regularly for sex?

 

Sounds like a Nigerian scam!

 

[+ stevenkesslar]

That still leaves me with one paid up life insurance policy for about $500K and really no obvious recipient. Now my liquid assets should keep me comfortable as long as I die before I get uncomfortable. I could cash the policy and use it for mad money.

 

Or perhaps, there may be an escort who would offer services against the eventual inheritance of that policy.

 

I think it's a horrible idea. I'd say just cash in the life insurance policy, get the money, and spend it, if that is your choice.

 

That's the simple answer. Now here's the psychodrama answer.

 

Maninsoma did an excellent job of summing up the practical considerations of why an escort might not like such an arrangement. As in, "Show me the money." I'd never agree to that kind of a proposal, for the reasons he said. If I were you, I'd be a little bit worried about both the intelligence and reliability of an escort that would agree to such an arrangement.

 

At various points I had offers from clients to go into real estate together, including structuring the payment of fees around some sort of long-term commitment to own property together. Like: I'll loan you money, we'll own a place together, you can pay me back in services. I thought establishing those kinds of strings was generally a bad idea. The few times somebody offered to own property together, I said no.

 

There is an exception to that rule, which is not the same but is in the ballpark of your idea, which I think proves my point. One client who I've known for over 15 years and who I still consider a friend did lend me significant amounts of money I used as down payments to purchase homes. The loans were repaid in services. As money was repaid, he'd lend me more money. So for a period of years I always owed him money, and in some years the amount was substantial enough that he asked for and I agreed to a lien on a property, in the event that I died. In that sense, it was no different than a "hard money" loan one might get - no pun intended - except there was no interest.

 

With the benefit of hindsight, I think I can say honestly that his generosity had little impact on the financial outcome for me. In one case I bought a house in a declining market sooner than I should have, for more than I would have if I had been forced to wait. In another case, I was able to buy a house in an appreciating market quicker than I would have been able to otherwise. In the end, any pluses or minuses were marginal. But it was more "legit" than what you are proposing, in that I got real money now, not a promise. In theory, it was a bigger risk for him, in that I could have said, "Fuck you." But like I said, he also covered his ass by asking for a lien.

 

The biggest problem with this arrangement is that I think it fosters resentment. I can't read minds, so I can only speak for myself. And what I'll say is nuanced. Part of the reason I accepted his offer - it was his idea, not mine - is that I knew by the point he offered it that he always liked having some hook in people, that made him the dominant one. So in a sense my calculation went like this: "I could use the money, and he'll feel like he owns a piece of me, and I can live with that." So I could argue it worked for about a decade. But I don't think that's an optimal way to construct trust, even among an escort and a client.

 

He often took the opportunity to point out to me that I had somehow missed an opportunity to express my gratitude for how kind he was to me, and how grateful I should be for the way he provided unique opportunities for me. When I called him on this, he of course insisted he wasn't serious, and he was just teasing me. Again, I know him well enough to know this was his MO with everybody - family, friends, employees. But it didn't stop me from feeling like, "This guy is kind of an arrogant asshole." I can't read his mind, but I'm pretty sure that I was one of many people who he felt didn't properly appreciate all he had done for them.

 

So I could actually argue this either way, emotionally. I could argue it made the relationship possible, because it gave him the sense of inequality and dominance I think he needed. Or I could argue it made the relationship impossible, because it gave him the sense of inequality and dominance I think he needed. Eventually I just paid him off, cleared the liens, and ended the "business" part of our relationship with a sense of relief.

 

Part of the way I look back on my time as an escort is this. I have a sense of humility, gratitude, and grace that even though I am just a whore, I was able to touch certain people's lives in a meaningful way, that helped them to discover or express something about themselves. You were one of those people. I really enjoyed the days when I'd fly to NYC, then hop on one train at one train station and go see you, and then come back to NYC and hop on another train at another train station and go see a handsome and well built lawyer, who was younger, smarter, more successful, and probably more kind than me. His coming out story was interesting, and he just needed someone to hold his hand and make him feel confident as a Gay man. Within a few years he was married to an equally hot man, and he'd show me pictures of them in the slinkiest little speedos, until he just stopped hiring me. You and him were different people, but in both cases there was this sense of being able to touch people, both literally and emotionally, in a way that felt really meaningful. That was true whether that was about a loving man who was longing to get married, or a loving man who was looking to get over the pain of losing his spouse.

 

My point is that with almost everyone I really got to know - you, this other guy, many of the the frequent members of this board - I have this sense of grace. I use the word grace intentionally, because grace refers to a blessing in life that is given freely. For me, emotionally, it flows from the fact that at its core there was something liberating about each relationship, and that it was reciprocal. I was having the time of my life. Using words like "grace" could of course just mean I believe my own bullshit. But I do feel that way. And since this is all very subjective, all that really matters about it is how the people in an intimate relationship feel.

 

So that obviously says more about me than about you, PK. But it is meant to be a compliment of you, personally, because you did in fact make my life richer. And I don't mean it was about the money. Ironically, and perhaps sadly, one of the people who I feel that way about least is the person who did the most to look out for my financial well being. It didn't end badly, for either one of us. I guess I could say I got what I wanted out of the bargain. I'm not 100 % sure he felt the same way.

 

I guess my advice if you do this is this. If you are going to build a relationship with all kinds of strings attached, you are going to have to work hard to make sure the other person in the relationship does not feel like there are all kinds of strings attached. For the reasons maninsoma said, I could see how something relating to being a life insurance policy beneficiary could create all kinds of doubts and questions about trust, and even flat out resentment.

 

So, bottom line, if you want to do it, I'd say it would be far better to just cash in the policy and spend it, hire by hire, day by day. There are plenty of fish in the sea, after all. And I know how much you like using your pole. Why limit yourself, anyway?

[marylander1940]

I think it's a horrible idea. I'd say just cash in the life insurance policy, get the money, and spend it, if that is your choice.

 

That's the simple answer. Now here's the psychodrama answer.

 

Maninsoma did an excellent job of summing up the practical considerations of why an escort might not like such an arrangement. As in, "Show me the money." I'd never agree to that kind of a proposal, for the reasons he said. If I were you, I'd be a little bit worried about both the intelligence and reliability of an escort that would agree to such an arrangement.

 

 

They would have been interested and anxious about such an arrangement...

 

 

http://i.dailymail.co.uk/i/pix/2010/07/17/article-0-0A791A45000005DC-684_224x362.jpg

 

http://kitodiaries.com/wp-content/uploads/2015/04/pictures2-1-500x500_c.jpg

 

King cobra murders.

 

Edited May 24, 2018 by marylander1940

[+ WilliamM]

The biggest problem with this arrangement is that I think it fosters resentment. I can't read minds, so I can only speak for myself. And what I'll say is nuanced. Part of the reason I accepted his offer - it was his idea, not mine - is that I knew by the point he offered it that he always liked having some hook in people, that made him the dominant one. So in a sense my calculation went like this: "I could use the money, and he'll feel like he owns a piece of me, and I can live with that." So I could argue it worked for about a decade. But I don't think that's an optimal way to construct trust, even among an escort and a client.

 

I have a close friend who is wonderful at manipulating people who believe they own a piece of him. Not an escort, I met him the Army in the late 1960s

 

And that is just the ones he tells me. I am sure it's happened much more often

 

I am not even sure why we are friends anymore.

 

Luckily, he lives on Aptos, CA, so we only see each other every 3-4 years.

 

Great response, Steven.

Edited May 24, 2018 by WilliamM

[+ tassojunior]

It really is putting the cart before the horse. When you have a long-term developed affair with someone of course they are high on any list of whom you'd want to help. How I do it. To go to someone and say "If you'll develop a relationship with me I will leave you what I have" is not going to immediately peek the interest of any but the most hard-core who may not be beyond hastening the event.

 

http://www.sandiegouniontribune.com/news/courts/sd-me-meza-sentencing-20171211-story.html

 

Pamper them at first and then let the idea slip that you'd like to make sure they keep living this way. They'll start clinging.

[MikeBiDude]

I think it's a horrible idea. I'd say just cash in the life insurance policy, get the money, and spend it, if that is your choice.

Best answer yet, same thoughts I had....

[+ stevenkesslar]

Great response, Steven.

 

Best answer yet, same thoughts I had....

 

Please, just stop it. Okay?

 

You're ruining my reputation as an ignorant whore. :mad:

[+ Oliver]

Please, just stop it. Okay?

 

You're ruining my reputation as an ignorant whore. :mad:

 

I'm changing my will!

[+ purplekow]

. I have a sense of humility, gratitude, and grace that even though I am just a whore, I was able to touch certain people's lives in a meaningful way, that helped them to discover or express something about themselves. You were one of those people. I really enjoyed the days when I'd fly to NYC, then hop on one train at one train station and go see you, and then come back to NYC and hop on another train at another train station and go see a handsome and well built lawyer, who was younger, smarter, more successful, and probably more kind than me. His coming out story was interesting, and he just needed someone to hold his hand and make him feel confident as a Gay man. Within a few years he was married to an equally hot man, and he'd show me pictures of them in the slinkiest little speedos, until he just stopped hiring me. You and him were different people, but in both cases there was this sense of being able to touch people, both literally and emotionally, in a way that felt really meaningful. That was true whether that was about a loving man who was longing to get married, or a loving man who was looking to get over the pain of losing his spouse.

 

So Steven, you had a handsome and well built young kind smart lawyer who was horny and looking for love and who who actually take a photo of himself in a speedo and within two train rides of my home and YOU did not even consider passing me the man's phone number.

YOU SIR are out of the will.

[+ stevenkesslar]

So Steven, you had a handsome and well built young kind smart lawyer who was horny and looking for love and who who actually take a photo of himself in a speedo and within two train rides of my home and YOU did not even consider passing me the man's phone number.

YOU SIR are out of the will.

 

Why would I have done that?

 

You, Sir, kept rejecting my proposals of marriage.

 

I, Sir, am nothing if not persistent.

 

So why in God's name would I have made my job more difficult by networking you with my competition?

[+ purplekow]

I received a text today from a friend who was recently divorced and has decided to retire to enjoy the single life.

This sounds like a great idea, but the fact is that as hiring escorts is my main manner of obtaining sexual gratification with another person (masturbation still runs at #1 over all) i am not sure I could maintain a satisfactory hiring life if I retired.

This is not a post to get ideas on how to get more free sex, rather, this is a post to see if this idea is too out there.

At this point in my life, I have much more life insurance than I need. My wife has passed. I have no children. i have one or two needy relatives who I like and to whom I would like to leave substantive inheritance, but as to the rest, they may want more but I see no need to give them any. So it will be easy to continue to have two of the policies with those relatives as beneficiaries. I would divide my other worldly goods, such as they are, to friends and charitable organizations and of course, I would leave enough behind for the care for my dogs.

That still leaves me with one paid up life insurance policy for about $500K and really no obvious recipient.

Now my liquid assets should keep me comfortable as long as I die before I get uncomfortable. I could cash the policy and use it for mad money.

Or perhaps, there may be an escort who would offer services against the eventual inheritance of that policy. Now I hate being worth more dead than alive to anyone, as it seems to give someone another reason to want to see me dead, other than the usual ones. But still, this idea holds some attraction for me.

So, does anyone out there think that a well crafted contract with an escort to supply agreed upon services at an agreed upon maximum frequency, which would be paid off at the time of my passing by the insurance policy, is a tenable situation. I know some will dismiss this right off. Some will offer arguments why it is a bad idea for me or for the escort. But, really what I would like to know, if anyone thinks this could work.

No need to preach about changing desires and such.

Thanks for the many comments, but just to clarify, I am not actively pursuing such a relationship. The idea does hold some attraction but not enough that I would actively pursue it at this time. My question was if anyone was of the opinion that it could work. It seems most of you do not hold such an opinion. As part of my formulation of the question, I mentioned that I was aware I could cash it in and that there was a small but not totally ignorable chance that someone would try to collect early by nefarious means. But I appreciate the input. Just some extra fodder the plow while this sits in the back fields of my mind.

[+ purplekow]

Why would I have done that?

 

You, Sir, kept rejecting my proposals of marriage.

 

I, Sir, am nothing if not persistent.

 

So why in God's name would I have made my job more difficult by networking you with my competition?

While that makes sense, pointing out all these years later that there was indeed a hot smart, built, sexy younger, slightly vunerable speedo wearing lawyer within training distance of my home, just seems unnecessarily hurtful. And as I recall, the only times you proposed, you had my dick in your mouth and it sounded as if you were saying something about being hairy not married.