He gave Mar a Lago away

25 Aug 2023 · 1 min

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1:01

In this commentary, the speaker explains that Donald Trump transferred ownership of the Mar-a-Lago Club to a corporation, Mar-a-Lago Inc., with Donald Trump Jr. listed as the owner and registered agent. The move is framed as a common asset‑protection strategy used by defendants in civil and criminal cases to shield assets from judgments or seizure. However, given Trump’s four current indictments, the speaker warns that a court could deem the transfer a fraudulent conveyance. The analysis outlines the legal criteria courts examine—such as whether reasonable value was received—citing an estimated $422 million valuation for Mar-a-Lago and noting the lack of evidence that any consideration was exchanged.

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Donald Trump just gave Mar-a-Lago to his son, Donald Trump Jr. Now listen up, this is not a political post. This is a perfect example of a principle in asset protection. The Mar-a-Lago Club was transferred to a corporation by the name of Mar-a-Lago Inc. The owner and registered agent of Mar-a-Lago Inc. is Donald Trump Jr. The question would be, why would Donald Trump do this? The answer is, in the field of asset protection, this is very commonly seen. Defendants in lawsuits, civil and criminal, will often transfer and convey assets to get them out out of their name in case in a civil suit a judgment is entered against them, or in a criminal suit the court orders seizure of their property. But here's the big issue. Considering the fact that Trump has 4 indictments against him now, court could easily determine that this falls within the definition of a fraudulent transfer. There are several things a court would look at, one being, was there reasonable value received for the asset? Mar-a-Lago's been reported to have a worth of about $422 million. There's no indication that