Re: Financial liability avoidance through divorce?

More | Report Post

An aggressive creditor would sue everyone involved for
fraudulent conveyance, or your state's equivalent, and would
win. Then, because its no longer in your parents' namse, and
in the name of the trust, they wouldn't even get the benefit
of the homeowners' exemption.

Brilliant move, just brilliant.

On 6/26/08, sharwinston wrote:
> Highly unlikely -- or everyone would be trying this game to
> avoid their financial, legal and moral responsiblities.
>
> On 6/26/08, Mark wrote:
>> My father has been hospitalized for 84 days and has
>> mounting medical bills. His wife (my stepmother) has
> filed
>> for a divorce and placed everything in a trust in an
>> attempt to protect herself and maintain the residence in
>> her name. What will she achieve through this move?