How did Sister Wives star, Kody Brown, manage to purchase his lavish and pricey new mansion? He and his wife, Robyn Brown had listed their Flagstaff home for $1.6 million. Then, they took it off the market only to buy another home which cost over two million dollars but how? Keep reading for more details.
Shocking Way Kody Brown Bought New Mansion
Kody Brown moved his whole family to Flagstaff and they bought a large lot of land, Coyote Pass. It was going to take time due to logistics, permits, and paying it off. So, his four wives had to find their own homes. Christine Brown Woolley purchased her home while Janelle and Meri Brown opted for rentals. Then, Robyn Brown rented but they had to purchase the place for nearly $900K. It was the best option for the family of seven with the time frame that they had. Ultimately, the OG3 wives left the family with Christine selling her home and moving to Utah.
Janelle has rented and now owns a farm in North Carolina with her daughter and son-in-law while Meri has her B&B in Utah. Coyote Pass is up in the air as no one wants it so Robyn and Kody decided to sell their Flagstaff mansion out of the blue. It was listed for $1.6 million and fans believed they did this to pay back the OG3. Then, they took it down, and now, the couple has bought a home for $2.1 million.
It is spacious and gorgeous, with a guest house in the back as well as a treehouse. Kody had asked Mykelti Brown Padron about buying her a large home in Flagstaff but she declined. They are not on speaking terms currently. So, how did he afford this excessive purchase? According to a Reddit thread, they did it under White Stone Trust. This means that the home is held in a trust and they can live there but it is somewhat protected.
The Explanation
One Sister Wives follower provided this explanation of what it means to hold the home in a trust:
- Holding property in a trust is a perfectly sensible, legal method of ownership. A trust has a “trustee”, one or more named individuals who manage the assets held by the trust ,( can be real property, bank accounts, securities) for the benefit of those who will ultimately inherit . (The beneficiaries). By passing assets via a trust, inheritance is achieved much more quickly and automatically, and probate (which is the legal process of “proving” the validity of a Will) is bypassed. If the trust is “revocable”, it can be changed at any time by the “testator”, ( the person who creates the trust). It becomes “irrevocable ” when the testator dies, and at that point, nothing can be changed. It’s not a scheme to hide money. Taxes on trust assets are attributed to the testator.
Many fans questioned if Robyn and Kody Brown could afford two million dollars or if they were hiding assets from the OG3. Janelle Brown had pointed out how Kody’s assets were in paintings and random items. It appears this is to protect Robyn’s kids and only them:
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They’re going to go bankrupt. He’s stupid with money.
- Robyn has secured her estate and her childrens’ inheritance. This was the plan all along. Kudos to her. Let’s see if she keeps Kody around for suits and giggles?
