Transfer of Joe Paterno home (Nov. 16, 2011)

(the New York Times reports that Joe Paterno, former coach of Pennsylvania State University football team who was fired amid controversy surrounding former assistant coach and associated cover-up, on July 21, 2011, transferred family home worth $594,484.40 that was held in joint tenancy with wife to her for $1 plus "love and affection"; transfer appears to have been made with intent to shield transferor from potential creditors, but transferor's lawyers claim transfer part of overall "multiyear estate planning program").

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