Well, that’s a fraudulent conveyance in most cases because it’s a way to shield that money unless you can show what that transfer was for and it was a value-for-value proposition. Let’s suppose somebody owes money to a judgment and they have $200,000 in the bank and they take $150,000 and they put it in the new bank account in their daughter’s name. Look, you put this property in somebody else’s name to try to shield it or avoid it from being an asset. During that lawsuit or just prior to the lawsuit if that husband quit claim deeds their property to the wife, then that could be construed as a fraudulent conveyance. But that being said, a fraudulent conveyance is when a party who is a debtor owes money or is about to owe money in a lawsuit, and takes some assets whether they’re cash real estate vehicles corporate assets intellectual property UCC any type of asset, and transfers them out of their name out of their vesting or titling for the purpose of keeping it or shielding it from a creditorįor example, a husband and wife own a home together and the husband is being sued by somebody. So you can apply that may be to your case or get with a qualified attorney to get proper legal advice. Now, remember, we’re not attorneys we’re not giving you legal advice, but we’re telling you what we’ve seen in working on cases in the past. So what constitutes a fraudulent conveyance? Fraudulent conveyance is a legal term used by attorneys or in the court to identify payments or transfers or hidden assets that were sent away from somebody who’s trying to hide assets.

Fraudulent conveyance investigations