SUMMIT COUNTY, Utah — A court ruled Thursday that the family of the late Eric Richins will benefit from his business’ life insurance policy, not his wife Kouri who is charged with his murder, KPCW reported.
Thursday’s hearing was about who controls Eric’s business interest in C&E Stone Masonry. He had a $2 million buy/sell agreement with his business partner and set up a trust as the beneficiary.
That means whoever controls the trust gets the $2 million from his business partner, who takes over Eric’s share of the business after his death.
Eric’s will states his sister would take over the trust if he died, but prosecutors say Kouri didn’t know that. They further allege that, as she didn’t know about the trust, Kouri logged into the buy/sell agreement and attempted to make herself its beneficiary two months before Eric died.
The life insurance company notified Eric and his business partner, and Kouri was removed as the beneficiary.
