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Transfer to Tenants by the Entireties Was Exemption Planning Gone Too Far

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Scott Clarkson

Years and years ago as a practicing LA atty, I was NOT involved in the 9th Cir. BAP case In re Beverly (Wolkowitz v. Beverly), 374 B.R. 221 (B.A.P. 9th Cir. 2007) because I immediately refused to take on the client and the circumstances. Someone bragged in a non-privileged email that the divorce and the property settlement stipulation dividing future exempt assets to the future debtor H, and non-exempt assets to the future non-debtor ex-W, was a clever idea. Worth reading the BAP decision on intent.
Fri, 2026-02-27 10:48 Permalink
Douglas Tabachnik

There are legitimate exemptions, and then there are transactions of the sort at issue in this case. Counsel should be more aware of the line between the two. This line is too obvious to ignore. This case is an example of counsel "being too clever by half." The disclosure does not absolve so much as it displays a certain level of ignorance about where the line between legitimate and improper lies.
Fri, 2026-02-27 10:56 Permalink
Austin Peiffer

As a debtor's attorney, I'm glad I'm in the 8th Circuit. While my state doesn't have tenancy by the entireties, at least the standard here is much more permissive of exemption planning than it appears the 4th Circuit permits!
Fri, 2026-02-27 11:55 Permalink