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Old 11-16-2011, 01:08 PM
HQWest HQWest is offline
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Join Date: Mar 2011
Posts: 1,028
Quote:
Originally Posted by DaffyKD View Post
Interesting. Joe Paterno signed his house over to his wife for $1 in July

http://www.nytimes.com/2011/11/16/sp...ife-for-1.html


DaffyKD
Oh dear. There are really only two reasons to do that - you expect to be sued or (as in the case of Jeffrey Skilling in the Enron case) you expect to go to prison.

(oh wait - three - you are in a same-sex marriage but either move to a state that does not allow it or are worried it will not be recognized and you want to be sure your spouse retains your property if you pass away...)

I saw this article and thought it was very well written - it also could apply to dealing with other situations that have "bystander" effects....

http://www.cnn.com/2011/11/10/opinio...ics/index.html
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