Is Fraudulent Transfer in Joe Paterno's Playbook?

No, fraudulent transfer isn't a fancy football term for a fake handoff.  That's a bootleg.  Instead, it's what you call a bs transfer of an asset to avoid creditors or when you are or are about to be rendered insolvent. And it looks like it might be part of Joe Paterno's playbook.  Whatever one thinks about Paterno's conduct at Penn State, it sure looks like he's trying out the fraudulent transfer play by selling his house to his wife for $1 plus love and affection.

The only reason I can see for the transfer is that JoePa thinks he's going to get the bejezus sued out of him, and he wants to be as judgment proof as possible. But maybe the love and affection are really worth $594,483.40.