Vetstein Law Group: Joe Paterno, Penn State, Massachusetts Asset Protection and Fraudulent Property Transfers

Vetstein Law Group: Joe Paterno, Penn State, Massachusetts Asset Protection and Fraudulent Property Transfers

Joe Paterno Conveys Home to Wife For $1, "Love and Affection"

For topical reasons, I have had no reason to post about the despicable Penn St. child abuse scandal on this blog. Until now - when I came across an interesting New York Times article on Joe Paterno's recent real estate activity. The Times reports that this summer "Joe Pa." transferred title to his State College home to his wife for $1 and "love and affection." Some say the transfer was intended to avoid the inevitable fallout from the Penn St. child abuse scandal and legal action brought by victims of the scandal. Joe Paterno's attorney, however, says that this transfer was part of the Paternos' long standing estate plan.