To: ken5050
Beat me to it. It doesn't matter whether it was sold to someone entirely unrelated, where fair value wasn't received.
To: lady lawyer
OTOh, it could turn out that the house is worth, say 1 mill, and encumbered with a $995,000 mortgage..I'm not a lawyer, just have some general knowledge of the process, but that's a technique that's used occasionally, and it is harder to reverse...what will be interesting in tis case is that if, as is reported, he's the beneficiary of several trusts, then can the trusts themselves be attacked?...
13 posted on
01/09/2004 8:15:01 AM PST by
ken5050
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