Anyone following this Candice Miller/Mama & Tata nightmare?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's a coward of the worse kind. Suicide doesn't hurt the person dead it punishes the living. His young daughters will spend the rest of their lives mentally wounded. His wife will spend years trying to did out of this mess and will have to witness the mental anguish of her children. Life will be dark and unhappy for quite some time. As a man he should have owned up to his mistakes. Taken whatever punishment was coming his way and.......started over. That's the beauty of living in this country- you can reinvent yourself as many times as you want. He destroyed his entire family and his death solved nothing. He's a coward.

His death will actually help his daughters. He would have ruined their life. He was a bad person. Now they have a chance to become decent human beings without his toxicity.
He did what was needed. He is not coward.

Nope. He did probably have demons and there’s a history of mental health issues on his side of the family, but her family is awful. Completely vapid social climbers bordering on narcissists. Candace, her mom, sister, aunt, etc are all social climbers and use friends, kids, etc as props to get ahead. Those girls don’t stand a chance stuck with just her family now.

It is so sad that he didn't simply declare bankruptcy and move to Florida and get another job. The girls would still have their Dad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's a coward of the worse kind. Suicide doesn't hurt the person dead it punishes the living. His young daughters will spend the rest of their lives mentally wounded. His wife will spend years trying to did out of this mess and will have to witness the mental anguish of her children. Life will be dark and unhappy for quite some time. As a man he should have owned up to his mistakes. Taken whatever punishment was coming his way and.......started over. That's the beauty of living in this country- you can reinvent yourself as many times as you want. He destroyed his entire family and his death solved nothing. He's a coward.

His death will actually help his daughters. He would have ruined their life. He was a bad person. Now they have a chance to become decent human beings without his toxicity.
He did what was needed. He is not coward.

Nope. He did probably have demons and there’s a history of mental health issues on his side of the family, but her family is awful. Completely vapid social climbers bordering on narcissists. Candace, her mom, sister, aunt, etc are all social climbers and use friends, kids, etc as props to get ahead. Those girls don’t stand a chance stuck with just her family now.

Maybe, but their chances are still better without him in the picture.

What? The girls lost their Dad. He should have declared bankruptcy. He did the cowardly thing.

[Anonymous]

If she even gets the money will not Candice and Brandon's creditors go after the money? They seemed to owe big money everywhere.

Many times in these situations the IRS is a big creditor and they are tenacious about getting their money.

It is amazing that Candice jetted off to Europe when their houses were being foreclosed. She had to have known the houses were being foreclosed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: I can't remember where i read it, but when this store broke,there was a someone who was quoted as saying that, relationships in these circles are very transactional.And it really hit on what i've long observed about the dynamics of relationships amongst this type of crowd.

Poverty is humiliating,isolating and detrimental to one's overall health.But,as a poor person, if you're lucky enough to have someone who cares for you then you know it's as authentic,genuine and sincere as it gets. The fact that this Brandon Miller guy didn't or thought he couldn't talk about the true state of their finances with his so-called wife is just so.....damning and revelatory of the kind of superficial relationships these people entertain.

I don’t think that’s it at all. When you’re in finance in ny, there are wild swings all the time. Look at some of the most successful real estate funds, and most have had moments when they’ve been underwater. Many of the successful managers are former athletes, across the board they’re either very cocky or on the spectrum. They always think there’s the next big thing and they usually have to double down to get there. I’ve seen some wild rides. Obviously they don’t usually end like this, but if every manager gave up when he was down, a lot of funds would fold. This one is more complicated w/ being the second generation, but look how he went after a bigger project when he was in debt. That’s what they do. It just generally doesn’t carry over into extremes in personal spending.
Nothing about their lifestyle was equal to the size of their fund, even if it had been successful. She was spending as if he were a manager at tiger or citadel, not some run of the mill 2nd tier RE fund.

Couple of things

-why didn't or couldn't he tell the wife their lifestyle wasn't sustainable in the short,medium or long term?

- The description of the NY real estate industry doesn't apply to him—he was never even a medium player, not even close.He was at the very bottom of the pole as far as NY real estate is concerned.

- Nothing has described this guy as being in finance. It's been said over and over again that he was in real estate .

Well he was in RE finance in that he was playing the game of trying to buy and sell things w/o actually developing. Look at what he developed and it was minuscule. Look at what was developed post his dads death, and the fund did practically nothing tangible but did do a few plays on property so that’s why I’d consider it finance not pure development.

You dont know what real estate finance is. I suggest you look up again what he was really into.Better yet, read the NYT article.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hamptons house is on the market: https://www.trulia.com/home/address-not-disclosed-water-mill-ny-11976-32733141

Inevitable. I was surprised when the NYT mentioned that he wrote about having two life insurance policies totaling $15M. I was under the impression that committing suicide nullified life insurance policies.

Their lifestyle was so lavish and completely unnecessary. It is a shame he couldn't be forthright about finances with his wife and instead let her spend on lavish vacations, designer clothes, $800 weekly facials, thousands of dollars worth of exercise classes (go for a run!), $72K+ yearly on rental furniture (after $180K the first year), millions of dollars of docking fees for a million dollar boat, a nearly $50K/month rental on the UES, luxury cars...They could have probably lived a fairly comfortable, normal middle class existence somewhere in New Jersey and been totally fine.

Yeah! but how were they supposed to remind us that they're better than us?

[Anonymous]

Anonymous wrote:It would be weird imo if life insurance DIDNT cover suicide. It’s for the survivors, not the deceased.

But then it would incentivize people to kill themselves for the payout. They used to let people take out an insurance policy on any one. And that led to people's murders and they changed that. Bad public policy

[Anonymous]

Anonymous wrote:It's so sad. Perfectly healthy couple who lived way above their means.

Much less stress when you keep your life simple

In light of what we now know, your use of the word healthy is quite generous.

[Anonymous]

Anonymous wrote:She still looks good. She won’t have any trouble finding another rich husband. She will write a book. She will be featured in a Netflix piece. She has the fame. A rich guy looking for fame will pick her.
She will be fine.

ok.

[Anonymous]

Anonymous wrote:My friend was going through a divorce and her stbx died by suicide. They got his life insurance.

But did he leave a note signaling his intent for the suicide to result in an insurance payout?

Look Tatas might get her big payout. I don't know. I'm just saying insurance fraud is heavily scrutinized

[Anonymous]

Anonymous wrote:

Anonymous wrote:You don’t get any life insurance if it’s suicide. That would mean that anyone could take out large amounts and just off theirselves the next day. She won’t get a fine if that life insurance

People keep saying that and it’s simply not true. It depends on the policy, but most have a two-year rule for suicide. As long as he took out the policy at least two years before his death, it would likely pay out. He seemed smart enough to check that provision before he ended his life.

After 2 years, companies pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My friend was going through a divorce and her stbx died by suicide. They got his life insurance.

But did he leave a note signaling his intent for the suicide to result in an insurance payout?

Look Tatas might get her big payout. I don't know. I'm just saying insurance fraud is heavily scrutinized

As others have said, most policies say that you'll recover for suicide as long as its been 2+ years since the policy was purchased. That is not insurance fraud.

[Anonymous]

I think an interesting and cautionary aspect of this sad story is that they started off as a somewhat normal wealthy young couple, but with the introduction of social media into the world and their lives, the focus and trajectory of their lives seemed to shift. Their lifestyle and the need for it to be extravagant and ostentatious eclipsed everything else especially the health and happiness of their family.

Before social media:

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You don’t get any life insurance if it’s suicide. That would mean that anyone could take out large amounts and just off theirselves the next day. She won’t get a fine if that life insurance

People keep saying that and it’s simply not true. It depends on the policy, but most have a two-year rule for suicide. As long as he took out the policy at least two years before his death, it would likely pay out. He seemed smart enough to check that provision before he ended his life.

Yes. Everyone keeps repeating it because they're probably used to cases where someone buys a life insurance plan intending to commit suicide and then tries to make it look like not suicide so their family can collect. It's completely different if you had a plan for 2+ years and just happen to commit suicide sometime thereafter. Some investors require principals to have life insurance, so he probably had it for his job for years and years (it's also much cheaper if you buy it young), long before he ever contemplated suicide. It's not the same thing and it will almost certainly pay out.

It's been argued before that writing about the insurance pay out in the suicide note is indicative of fraud and it's a lucid, calculated move and not mentally unfit. Look it up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It would be weird imo if life insurance DIDNT cover suicide. It’s for the survivors, not the deceased.

But then it would incentivize people to kill themselves for the payout. They used to let people take out an insurance policy on any one. And that led to people's murders and they changed that. Bad public policy

Not just bad public policy. Bad underwriting. I think most policies require at least two years before they will pay out for suicide.

[Anonymous]

You don’t get any life insurance if it’s suicide.

Again, that's not true. It's a matter of state law, which dictates the terms of life insurance contracts issued in the state. New York is two years. So, if the policy has been in effect more than 2 years, she collects.