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Old 11-16-2011, 12:46 PM   #308
VladtheImpaler
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Quote:
Originally Posted by socalwingfan View Post
Paterno sold his house to his wife for $1, 4 months before the #### hit the fan. Not a lawyer but I can't think of any reason for doing this, other than protecting the house from the #### storm brewing
http://www.syracuse.com/news/index.s..._his_hous.html
Unless he can show that it was for legitimate reasons (e.g. business, estate planning), it would be termed a fraudulent conveyance and overturned. It certainly smells of avoidance.
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Vlad the Impaler

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