GORE SURREAL ESTATE DEALS

Published on: June 27, 2010
GORE SURREAL ESTATE DEALS

WHY did AL & TIPPER GORE buy $8.8 mill California mansion just prior to publicly announcing their divorce?   And WHAT is the real-estate sleight-of-hand they pulled in their home state of Tennessee that experts find "puzzling"?!

A month after scoring their new palatial Montecito estate, Al and Tipper transferred nine properties the wealthy Gores own in Carthage, Tennessee from their own names into a limited liability company (LLP) -  a corporate partnership which, legally, is a separate entity.

According to legal docs filed in Tennessee, the transfer of ownership occurred after the accuser in the AL GORE SEX SCANDAL filed a 2009 police complaint accusing the ex-VICE of sexual misconduct.

A real estate insider told The ENQUIRER that such a transfer of ownership protects the valuable assets in potential legal claims.

A limited liability partnership, like a corporation, is a completely separate entity and can not be liable as an asset if someone files personal lawsuits against either Gore.

The Gores also bought the new California mansion under the auspices of a trust which, experts say, can also be shielded from potential legal attack.

FIRST POSTED: 9:18 AM EDT 6/27/10
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