“Rick was not including the income from the Margaritaville licensing brand because in his view, that can't be relied upon.”
The Journal. · The $275 Million Margaritaville Drama
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What was described
Excluded income from the Margaritaville licensing brand when calculating the trust’s sustainable payout
Said nearby on the same subject
“The will can establish a trust, a testamentary trust, and it holds those assets for that beneficiary... income from assets... can qualify as accepted income for minors, taxed at normal adult rates”
“I’m happy to have my wage go down. But I want licensing income where I get a cut of what you get from being able to hire… my licensing income will go up. And my blended income will increase.”
“We also have the possibility to sub-license our Forever Loop technology to the major brands across the industry. The dream of ours would be to generate another revenue stream on the tech license”