[BGHater]

CYA.

[Lurking in Kansas]

Also, if a court decided that Mrs Fuld did not pay enough for the mansion, the transfer be deemed to be "fraudulent conveyance" that would render the move void.

Ya think?

[jalisco555]

I thought residential property in Florida was protected from lawsuits. Didn’t OJ use that dodge to avoid paying the Goldmans?

[Mojave]

I’ll give her $200 for it. 100% profit.

[nuconvert]

“Ex-Lehman chief sold $13m home to wife for $100”

Gee, why not $50?

[maggief]

His Connecticut home is pictured here:

http://images.google.com/imgres?imgurl=http://thumbsll.virtualglobetrotting.com/4/9/49674.gif&imgrefurl=http://virtualglobetrotting.com/category/buildings/homes-celebrity-business/&usg=__N0thpdv-t1-rZMaVWE7pY6yYSKg=&h=150&w=150&sz=13&hl=en&start=1&sig2=jpz3MV8DR771raR-b1-k2Q&tbnid=ReNO23r5LvheOM:&tbnh=96&tbnw=96&ei=LhR-Segxpfo0neDEmgc&prev=/images%3Fq%3DRichard%2BFuld,%2Bhome%26hl%3Den%26sa%3DN

[scottteng]

Florida law exempts ones homesteaded primary residence from exposure to lawsuits and bankruptcy. In order to claim homestead one must be a “domiciled” Florida resident. A Florida resident is not prevented from visiting other states but dual residents such as our snowbirds are not entitled to homestead their property.

[Lizavetta]

How can you love and respect a man who would shaft so many people?

How could you not have anything but disdain and contempt for such a rotten person?

[ken5050]

Incredibly stupid move..because there is no way it can hold up..

[iowamark]

If she had divorced him, she could have gotten the house for nothing...

[RJL]

Richard Fuld, the disgraced former chief executive of Lehman Brothers, sold his $13.3 million (£9.6 million) Florida mansion to his wife in November for $100, according to real estate records.

Is the $13.3 million, less the $100, subject to income tax for his wife?

[longtermmemmory]

incompetent legal reporting.

it is easy enough to see if the property is declared homestead property.

Florida Statutes Section 222 controls homestead creditor exemptions. (FL uses their state rather than their federal exemptions)

If they have had their property for two years then it is wishful thinking on the part of the creditors.

Also, there is a ONE YEAR insider preference transfer period. It is only protected after ONE year after the transfer date.

Again, sloppy incomplete and incompetent reporting.

[HamiltonJay]

This guys so smart, why wasn’t the house in a Trust to begin with?

[Starfleet Command]

Good. Not my government, screw it out of every cent you can, in every way. The sooner it dies, the sooner we can get back to a Constitutional Republic, and not this faux democratic trainwreck that I am expecte to pay for and salute.

Take the bailout. Minimize the tax liability. Stick it to The Man.

[Tainan]

The rich are indeed different.

They tend to have much better legal advisors than you or I.