Tag Archives: asset exposure
The heir to an air-conditioning fortune, Goodman, 48, has legally adopted 42-year-old Heather Laruso Hutchins, whom he has been dating since 2009. The adoption, which took place in October 2011 but was not publicly disclosed until Tuesday, potentially allows Hutchins to control a third of the assets of a trust fund he set up for his two other children.
A Florida judge called the action “surreal” and a step into a “legal twilight zone” in a recent related ruling. The purpose of the adoption, however, is likely rooted in practical financial matters. Because of her age, Hutchins can avoid the legal stipulation that does not allow beneficiaries to take from the fund until they are 35.