Lost his houses (plural), all his guns, his range, everything.
Why don't men get married, again...? /red pill
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Then he's an absolute FOOL for keeping all those assets in his name.
"Oh, see those houses? They're in my name. I'm the boss. Ain't I cool?"
Jackass had all those assets but never thought to ask a lawyer how to protect them. Foolish. Look up "The Client 2177 Living Trust" and look up who owns it. Study how it's structured. Learn from the best.
Not only should you NOT keep assets in your personal name, you should file liens against your own property for 200% the value of that property. If anyone somehow does get awarded the property by a court, they'll still have to pay off the lien. That alone will make the property unappealing to anyone, even an ex-wife, even if they could steal it from you. There's nothing cool about flashing a property deed with your name on it.
Conceal assets, thwart threats and isolate risks.
I'm skeptical that a divorce court would ever let little things like laws stop them from packing the dude's shit in, but you've piqued my curiosity. I'd never marry but would it protect against say a malicious lawsuit? I'm in the market for a condo so this is quite timely.
If you don't own it, it's not yours. Nobody can come after you and demand you give them things that aren't yours. Trusts, like corporations, are independent legal entities. You may have access to those assets as a Trustee, but that's all you have. Access is not possession.
Look up "The Client 2177 Living Trust" and look up who owns it. I know you won't believe me, but a family friend did work for him. Nicole had to settle for whatever Tom was willing to share because, on paper, he's broke.
He doesn't own anything; his Trusts hold all his property, and all those properties have first priority liens payable to other Trusts meant to hold and claim those liens. Even if you somehow took his property, it's "booby trapped" to where he could still come back and demand 200% of the value. Keeping property in your name puts a HUGE target on your back.
Prof chaos is correct.
Even if you are dealing with the most malicious/evil court in the world (which you will be often in divorce court), the assets are simply not yours. So when you are asked "what assets do you own" you can simply omit naming those houses/etc and it won't be a lie.
There are other ways around it (you could for instance just lie, but detectives might find it) but this is the "legit" way to do it.
But who's managing them if you only have access
In the eyes of the law, the Trust is a legal entity, that is as eternal as the Trust desires itself to be. So, the Trust manages assets that it owns.
You