These cases also serve to remind all of us of the importance of using knowledgeable professionals in the estate planning and bankruptcy process to avoid the disastrous results that potentially accompany fraudulent transfers.

FORBES: Fradulent Transfers and Estate Planning: Recent Cases, Important Caveats

Although knowledgeable professionals can disagree which approach is workable on a given set of facts, most agree that ignoring the situation is inadvisable.

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