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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Title holding trusts & asset searches Posted by Jason on May 10, 2002 at 11:21 PM Ward; As a lawyer, how do you think of this dilemma. I transfer all existing property out of my name and into a title holding trust. Any future property purchased to be in name of title holding trust. I get sued and the claimant wins a judgement. His lawyer does an asset search. Won't a title search be able to show that the original properties were owned by me and then transferred into a trust. Wouldn't that make an argument to the court thats it's reasonable to assume I still own the properties, merely transferring them into a trust to avoid direct liability? If this is a valid premise, how do you get around the possibility the courts will insist these properties revert back to me so they can be seized by the claimant? Jason Follow Ups: Ways of hiding the ownership trail... Ward-CA- 5:52 PM, 05/11/02 (1) Re: Ways of hiding the ownership trail... Jason 8:11 PM, 05/11/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward; : As a lawyer, how do you think of this dilemma. I transfer all existing property out of my name and into a title holding trust. Any future property purchased to be in name of title holding trust. I get sued and the claimant wins a judgement. His lawyer does an asset search. Won't a title search be able to show that the original properties were owned by me and then transferred into a trust. Wouldn't that make an argument to the court thats it's reasonable to assume I still own the properties, merely transferring them into a trust to avoid direct liability? If this is a valid premise, how do you get around the possibility the courts will insist these properties revert back to me so they can be seized by the claimant? : Jason Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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