Posted on 08/25/2023 8:24:10 AM PDT by Golden Eagle
Donald Trump transferred the ownership of his Mar-a-Lago resort to his son just days before the ex-president was arrested in Georgia, RadarOnline.com can report.
According to online property records, the former president “sold” his Palm Beach, Florida property for $422,000,000 on August 4.
However, a deeper investigation into the Mar-a-Lago sale found that the 1100 S Ocean Blvd, Palm Beach property was sold to a company called Mar-a-Lago, Inc.
The Express reported that the owner of Mar-a-Lago, Inc. – and its registered agent – is none other than 45-year-old Donald Trump Jr.
Zillow – the online real estate marketplace that listed Mar-a-Lago earlier this month – could not reveal details about who bought the Palm Beach property for $442,000,000 on August 4.
Zillow indicated that the Mar-a-Lago listing was legitimate, even though the property was not listed as “Mar-a-Lago” but rather “1100 S Ocean Boulevard.”
"The information we provide is public information gathered from county records,” the real estate marketplace company said, according to the Express.
(Excerpt) Read more at msn.com ...
Smart thinking on Trump’s part.
Yup, that’s pretty secret.
That’s a great idea before libtards try to illegally steal his property
I’m sure the liberals would be outraged, that Trump would do this. See if this story gains traction. And then see if the liberals claim Trump doing this is somehow an admission of guilt, and/or a way around having assets seized.
Secretly?
Should he have held a presser? Who does that?
LOL
Shhhh! It’s a secret.
Donnie Jr ... soon to be named a co-conspirator by some Democrat District Attorney somewhere.
Secretly? Who was he supposed to tell that he didn’t ?
Nothing wrong with that. I highly doubt that Trump, Sr. has the time to defend himself in multiple trials, run for President and run a business. Mar-a-Lago is a business and has always been. It’s also a fundamental part of estate planning. People make the same decisions at his age, although not at the same scale. I certainly have and I am younger than Trump.
So what? News cycle hurting for news I guess.
Just a tiny bit of bias in the story. What percentage of Zillow listings provide the business name of a property?
Sounds more like Trump Sr. needed some liquid money to me.
Doesn’t sound too secret to me...sad that President Trump has to do these things...
So, what, it is called estate planning. Lot’s of seniors do it, maybe not in Florida, but with Democrats in charge, estate planning is important no matter you live.
It’s rather big news, considering the property is considered the face of Trump Sr.
Now he’s just another tennant, legally.
That may have been more to do with the NY defamation civil case verdict than any of the criminal indictments or arrests. However, it was not a wise move because of the UVTA (Uniform Voidable Transfers Act) which says if you dispose of real or personal property with knowledge of likelihood of a judgment against you or if there is a monetary judgment against you already, and you sell it for less than market value, (basically to hide the asset from creditors) the judgment creditor can undo the sale and auction off the property to help satisfy the judgment. UVTA used to be called the “Uniform Fraudulent Transfer Act.”
“And then see if the liberals claim Trump doing this is somehow an admission of guilt, and/or a way around having assets seized.”
It is a way around having assets seized, but it is also an admission, not of guilt, but of zero confidence in our corrupt legal system.
It's nobody's damn business who any individual sells private property to, be it a home, a pistol or rifle or car... screw 'em.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.