According to legal docs filed in Tennessee, the transfer of ownership occurred after the accuser in the AL GORE SEX SCANDAL filed a 2009 police complaint accusing the ex-VICE of sexual misconduct.
A real estate insider told The ENQUIRER that such a transfer of ownership protects the valuable assets in potential legal claims.
A limited liability partnership, like a corporation, is a completely separate entity and can not be liable as an asset if someone files personal lawsuits against either Gore.
Convenient timing? There could be an alternate, innocent enough explanationwell wait for it.
The scandal may also be why they divorced—not because they had differences personally, but to protect the assets.
He is scum...the only explanation needed.
I’m not a lawyer, but I do know the operative phrase here is “piercing the veil”. An LLC or Inc. does not guarantee assets will be protected, depending on state law and other mitigating factors, including fraud.
That’s a profile in courage.
So he’s betting he will lose!!!!
Tipper endured Al’s drunken, drug crazed orgy with the biker chick, but she couldn’t handle Al leg humping masseuses like a poodle in heat. Now we know where all the global warming is coming from. Al has the hots. This is just the tip of the iceberg, and it’s melting.
I’m not a lawyer but I play one on anonymous blogs.
This sounds like normal estate planning or at least is plausible as such. In any event they are assets which can be attached as part of a plaintiff’s judgement. He probably has liability umbrella insurance policy as well. Plus any judgement for personal behavioral improprieties would barely nick his sizable estate.
Now, what Tipper and his children are entitled to is wide open for speculation. We are not privy to contracts and wills.
What if the action being sued over took place before the transfer into the LLC?
Family limited partnerships are a common estate planning tool.
The real threat to Al here is the possibility of criminal prosecution. Based on her statement, civil damages would be modest as he never attacked her.
Well, there is generally a 3 to 5 year look back period when legal settlements are involved, depending on the state for LLCs.
Also, Gore is worth well over 250 million dollars. He has a huge chunk of Google stock, large chunks of green energy companies stocks, and royalties and production company stemming from that idiotic book and movie.
Even if the masseuse won a 50MM settlement after appeals, it wouldn’t materially affect Al Gore’s quest to save the world into his image.
Thinking of Al Gore in the image of the latest details...well, I threw up in my mouth a little. OMG! Gross me out of shoes! Yikes!