Ministers took a vow of poverty, renounced all worldly possessions and transferred title to all their assets to a Church trust.

FORBES: IRS Gives Tax Sermons Vow of Silence

Instead of investing the money, the Debtor took the money and bought an elegant new house in Northridge, and then transferred title to a trust.

FORBES: Fraudulent Transfer Leads To Punitive Damages Award In California

There's a tax cost, though: If title is transferred, the leasing firm no longer has depreciation with which to shelter income from tax.

FORBES: Guilt by Association

Under Massachusetts law, when he gave the bank money for the property, the bank in effect transferred the mortgage to him along with the title.

FORBES: Massachusetts Supreme Court Strips Foreclosure Buyer Of Property

Rather than file amended Federal income tax returns for the years 1997 and 1998, Dr. Liljestrand and his advisers decided to treat the partnership as having commenced business on January 1, 1999, even though legal title to the real property had been transferred to the partnership by December 1997.

FORBES: Family Limited Partnerships Require Good Planning and Execution