It is also unclear how much Mrs. Fuld paid for the house. It is standard for property deeds to contain a placeholder number. The $10 on the deed in Martin County could simply be a placeholder, and Mrs. Fuld might have paid more, lawyers said.
The tax stamp on the deed says there were 70 cents of taxes, which would suggest that she may have paid as much as $100 for the house.
“All that you can say is that he transferred it. We don’t know his motivation,” said Jordan E. Bublick, a bankruptcy lawyer in Miami. “But he’s one of the rogue’s gallery. A lot of people when they’re in trouble say, ‘Oh, we’re going to put everything in my wife’s name.’ ”
Mr. Fuld has owned his house in Florida since 2004, according to records in Martin County, Fla. He also owns a sprawling property in Greenwich, Conn., the leafy suburb of New York. The Fulds could not be reached for comment at either residence.
Mr. Fuld received about $34.4 million in 2007, though much of that was in stock that later became worthless. Mr. Fuld left as chief executive at the end of 2008, with no bonus or severance payments, the firm has said.
The Fulds have taken steps to cut back, like selling some of their multimillion-dollar art collection. Still, they are thought to be worth tens of millions. When Mrs. Fuld went shopping at Hermès over the holidays, she requested white bags—rather than the brand’s signature orange ones—to try to disguise her purchases.
Mrs. Fuld is well known among art collectors in the New York area. When the Museum of Modern Art honored Mr. Fuld for their giving a few years earlier, he said in a speech, according to people who were there, “My wife loves art, and I love my wife.”