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To: Sacajaweau
I THINK...Putting an asset into a corporation in this case is a way of separating it from your other assets, keeping it from being subject to liens against any estate.

well, there's the rub - against any estate - but who would be thinking of 'estates' in 2005? I don't think Anna was...

IIRC, Individually, one is allowed to retain their primary residence even in bankruptcy (along with clothes, car, etc), so there is some degree of protection for the house.

On the other hand, assets of a corporation are subject to liens for state/federal/civil-suit collections against the corp and, therefore, are definitely subject to forfeiture. In Calif, counties assess certain annual taxes based on total assets of the corp - less assets would mean a lower county tax bill.

unless Anna was actively anticipating being sued individually circa 2005,(which we've seen no evidence of) putting the house into the corp, instead of creating a revocable trust and placing it in that instead, seems like a very poor and misinformed 'business decision' imo jmo

4,764 posted on 01/26/2008 12:26:39 AM PST by blueplum
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To: All
Monday is the Inquest. Howard and KE are in hiding and Larry is trapped in a house with his charge.

I don't think Larry IN HIS WILDEST DREAMS expected to actually wind up with Dannielynn. He certainly didn't have any inkling that Anna was to die.

He just wanted a cut and expected to be "paid off". Big difference between paternity and custody.

Sadly, Howard and KE had this tremendous hold on poor, naive Anna.

Sadder, too...is that Virgie has had 3 people taken from her that she held dear.

I'm hoping that the detective who talked with Danny shows up...with a tape.

4,765 posted on 01/26/2008 5:00:53 AM PST by Sacajaweau ("The Cracker" will be renamed "The Crapper")
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