Fraudulent Conveyance, Civil Conspiracy, Uniform Fraudulent Transfer Act
Automakers are continually looking for emerging markets to increase their sales globally. One such country on the verge of becoming a huge auto market in the near future is India.
THE CONCEPT OF ASSET PROTECTION includes the possibility of placing title in certain assets in the name of a less vulnerable spouse or other family members, or a legal entity. One should be very attentive in transferring title without an open invitation to a “fraudulent transfer” claim against the asset transferred or the possibility of death by the spouse or family member, or possible dissolution of the marriage, or a court judgment.
ASSET PROTECTION: PLACING TITLE OF ASSETS IN ANOTHER LEGAL ENTITY
WHAT IS FRAUDULENT CONVEYANCE?