"It appears the mom lives in a Brooklyn Apartment, and the Dad lives in a $429,000 New Jersey home. Did he buy them art or diamonds?
Judging by his character, he probably hates his parents and didn't give them a wooden nickel."
Or those are the only residences in their names. Maybe they both live in homes in the Hamptons owned by LLCs he controls.
Why pay inheritance/death taxes or be exposed to judgments against elderly parents when they back over the grocery boy in the parking lot as he is loading their groceries in the trunk?
I don't know about you, butt above a fairly low threshold, owning real estate in your own name or the name of relatives is risky - for MANY reasons, tax, inheritance, privacy, and others.
That is why 'god' invented the LLC and other S corps. LLPs are less preferable for various reasons.
Marty may be an ass to his parents, or maybe they really hang their fez and veil in the Hamptons or Montauk owned by one of his LLCs.
If he's as smart as some people credit him with being, he's stashed some cash into judgement-proof entities and vehicles.
