business assets

Until now, various exemptions have allowed certain types of property, such as farms and family business assets, to be disregarded in terms of inheritance.

“L&I can go to bank after bank and request people’s accounts, but if the business was already sort of fly-by-night, it’s easy for them to give their business assets to their brother and open a name with a new LLC,” Schmitt said.

The judge in October said that Giuliani had flagrantly disregarded an order to provide documents concerning his personal and business assets.

The case, brought by Ms. James, alleges that Mr. Trump and his sons inflated his net worth and business assets to get better insurance rates.

The 77-year-old is charged in a civil fraud case with fudging his business assets to secure loans and make deals that otherwise would have been outside his reach.