3 mil or 6 mil, there's a good chance this brain trust is going to be broke again inside a few years, so he might as well just give up the half to her (instead of spending half of his 3mil he's going to end up with anyways on lawyers fees...only to end up losing anyways) and be done with it.
With any luck someone with some financial sensibilities (hopefully family) will get to him in time to help him invest it, lock in the majority of the principal, and live the rest of his life quite comfortably on the interest. Even at 3% you're talking a nearly $100,000/year income for the rest of his life.
With any luck someone with some financial sensibilities (hopefully family) will get to him in time to help him invest it, lock in the majority of the principal, and live the rest of his life quite comfortably on the interest. Even at 3% you're talking a nearly $100,000/year income for the rest of his life.