Thanks for refreshing me on the POA & trust Snoofo. The star article also says
"Legal experts agree the documents show a series of sophisticated and curious transactions for which there is a case to be made against Millard under the provincial Fraudulent Conveyances Act. "
"David Ullman, a partner at Minden Gross who specializes in issues involving creditors including finding hidden assets says Millard could have simply given his mother power of attorney to manage his affairs or added her to the property title.
I think its a little strange that its being done six days after the power of attorney was appointed, Ullman said. My instinct as someone who deals with people who are trying to hide assets from their creditors is that this could be done for that purpose.
Toronto lawyer Barry Fish called the property transfers highly unusual.
The purpose of doing this is opaque to me, he said. [Millard] has not put these three properties out of reach of his creditors. He has only placed an obstacle in their path, which a plaintiff lawyer can circumvent.
http://www.thestar.com/news/crime/2013/06/05/millard_land_deals_beyond_smelly_experts_say.html
IMO, Members of the legal world found the way this was all handled and the timing very strange as well. MOO
I wonder how many legal experts they spoke to before they decided which ones to quote, because from my experience, for ever lawyer who gives you one opinion, there are 2 more with very different takes on it.
Unless he was stealing cars and chopping them up in his fairly spotless hanger while his father was still alive (and there all the time to wonder why all the different cars were always coming in whole and going out parts), then the money he paid for the properties in question couldn't have been from the proceeds of that crime. I find it completely inconceivable that WM would allow his hanger to used for a crime ring while he was alive.
And that is when those properties were actually bought, when WM was alive. The condo was only considered bought on the day after TB was missing because that was when the building itself was ready to close the deal, being newly finished. Usually in cases of buying before a building is constructed, quite a bit, if not all of it, can be paid off before the place is ready to live in. He did not even profit from the crimes he has so far been charged with that I can see, unless he had sold the truck, and even then he certainly didn't have time to use any of that possible profit to buy any of those properties.