Wednesday, February 7, 2024

NEW, UPDATE: Kari Lake AMENDS Financial Disclosure Statement To Add Trust; No Indication It's To Protect Assets From Richer

There was plenty of coverage* of the new financial disclosure statement filed with the U.S. Senate by Kari Lake. And that reporting may have prompted Lake to file her (first) AMENDED statement this past weekend.

Instead of owning ZenVideo, LLC as wife and husband, Lake and Jeffrey Halperin (her husband) actually own it - estimated to be worth between $100,000 to $250,000 - as part of their living trust.

The video production company has not earned Lake any income during the past year-plus (per the disclosure statement), and it does not appear that Lake either recently placed it in the trust nor placed it there with the intent to protect the assets from creditors. Maricopa County Recorder Stephen Richer recently filed a defamation lawsuit against Lake regarding her statements about the elections.

The trust appears to be the type of living trust which would not be protected from judgment enforcement. Lake and her husband placed two pieces of real property into the trust in late 2021, and those documents indicate that the trust is revocable and that they are the beneficiaries. People often use such trusts as part of their estate planning.

Those properties appear to be their home and a condominium, both in the Biltmore area. While a personal home is not required to be listed in the Senate's disclosure statements, Lake does list a rental condo that she is receiving rent of between $1,250-4,165 per month. (The disclosure statement does not list it as a trust asset, and that might require a second amendment.)

(POSTSCRIPT: As noted, Lake lists the condo as being worth between $100-250,000. The Maricopa County Assessor's most recent "full cash value" - which is typically lower than market value - as $273,300.)

*First reported by Brahm Resnik, Channel 12.

"AZ Law" includes articles, commentaries and updates about opinions from the Arizona Supreme Court, U.S. Supreme Court, as well as trial and appellate courts, etc. AZ Law is founded by Phoenix attorney Paul Weich, and joins Arizona's Politics on the internet. 

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