James is currently involved in divorce proceedings. He is a very successful businessman and is concerned that the courts may award his wife significant maintenance which may oblige him to sell off some of his assets. To avoid this possibility, he has created a company to which he has transferred many of the assets of the business. In addition, he has created three subsidiary companies to which he has transferred the remaining assets. Advise James whether this ploy may prove successful in ensuring that the transferred assets are excluded from the divorce proceedings