“Before Albert joins us, there are a few things you should understand.”
Logan sat.
Chelsea took the chair beside him.
“The investment account contained $803,417.29 when we began the separation process,” Fiona said.
“After taxes, legal fees, and the transfer he authorized last week, the remaining balance is approximately $214,000.”
Logan absorbed the number.
“How much did he give away?”
“Five hundred seventy-five thousand dollars.”
Chelsea’s eyes widened, but she did not speak.
“The money is being placed into a housing fund for retired teachers,” Fiona continued.
“Your father’s mother was a teacher.
Your mother taught elementary school for thirty-one years.”
“I know,” Logan said.
“Albert has also established a smaller reserve for himself.
He plans to move into an independent-living apartment within the next several months.
The reserve is sufficient for his needs, assuming he continues to live modestly.”
“He could have kept all of it,” Logan said.
“Yes.”
