argumate:

kontextmaschine:

So one thing that might give us a sense of whether celebrities/media men, or powerful men in general are seriously concerned after this Weinstein thing is the high-end Florida real estate market.

Florida is a sufficiently glitzy coastal locale that famously (if you pay attention) has a very expansive homestead exemption which protects even absurdly lush residences from sale to satisfy creditors, even debts arising from civil judgements. There are further asset protections from debtors, access to Caribbean jurisdictions offering still further, and a professional services sector experienced in leveraging these advantages.

So, if you’re a wealthy type expecting a judgement coming down that seriously threatens that wealth, it’s typical to move your assets (and official residence) to Florida real estate. Doing so with the explicit purpose of hiding them from creditors, which under other conditions might be a reversable “fraudulent conveyance”, is even protected.

However, the homestead exemption only exists for “natural persons”, which excludes the shell companies through which the wealthy often obscure real estate transactions these days, so there’ll be traces – if some financier/producer/famous type suddenly dumps their net worth into a spread in Miami Beach or Coral Gables, y’know, huh

how do you even know this stuff

I pay attention