Quote:
Originally Posted by VladtheImpaler
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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Hard to see how a 500,000 house would make any difference to Paternos tax status one way or the other, especially as he's in his 80's.
My guess is his lawyer told him he was going to lose everything else so he is trying to protect something for his wife.