Legal-Ease: Protection against fraudulent transfers

A few days before the attack in Orlando, the terrorist sold his house for a family member for only $10. He apparently knew there would be major financial assertions made against his estate, so he attempted to give away much of his assets. However, this house sale is considered to be a fraudulent transfer.

Legal-Ease: Determining if it’s fraud

Any time someone is the victim of a bad deal, they have the tendency to think they’ve been the victim of fraud. However, legally, there are six conditions that must be present for it to legitimately be fraud. Some of those conditions are the person must know they are committing a fraud (it can’t be an honest mistake) and it must have caused some sort of monetary or physical damage.