Al Gore Lesson: Before Divorce, Buy a Big-Ass House
Maybe he learned a thing or two about shady real estate deals from an old friend. In the lead-up the Al and Tipper Gore's divorce announcement, the couple made some very deliberate real estate moves, according to the New York Post. It may or may not have had something to do with Big Al's tryst, of sorts, with a money-hungry masseuse who called him a "crazed sex poodle." Either way, this seems like important information for rich people. For everyone else, it seems unfair:
Buying an $8.8 million California mansion months before announcing their divorce wasn't the only puzzling real-estate transaction for the Gores.
A month after snagging the Montecito estate in October 2009, Al and Tipper Gore transferred nine properties in Carthage, Tenn., from their own names into a limited liability company.
This is such Rich People Stuff that the post barely bothers to explain, essentially patting its readers on the head and saying, "Maybe when you're older." Regardless, it's pretty clear that it's cheating of some sort:
Experts say that transferring property is usually a way to protect assets from legal claims.
The Gores bought the California estate through a trust, which can be another way to shield assets, said Manhattan divorce lawyer Sherri Donovan.
And suddenly custody fights over the dog and TiVo seems so trivial.
Tipper & Al cover big assets [New York Post]