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Question on Asset Transfers

Assets were transferred to my common law spouse over 3 years ago and put in her name as a protection from any situation where I might be unrightly sued. how far back is financial asset history looked at, particularly with respect to asset transfers?

Posted from: Alberta

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One Response to “Question on Asset Transfers”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This really depends on the nature of the transfer and the circumstances at the time. But in most cases you can go back as far as 5 years.