A friend of a friend quietly did that when divorce appeared to be in the cards, the house they were living in was the old family homeplace that had belonged to his family and he had a sole proprietorship incorporated under subchapter S, an “S Corp.” She had racked up a lot of debt already for which he was on the hook, so he was determined that those assets weren’t going to be frittered away too.
This was over a year before the fact and there were no children, though. Family court sends even amicable splits down the road to negativeland, it’s fundamentally hostile to fathers.
What you say is the gospel. Started out reasonable, now a nightmare.
My son had already been through the divorce wringer when his friend faced it. Before any legal proceedings he had his friend sign over his pick-up to him and “sell” him anything that was worth anything and then when the divorce was over he gave it all back.