The Sky is Falling!

Dear Clients, Colleagues, and Friends,

Client Alert was created to educate and inform. The importance of acting now cannot be overstated. Failing to do so is at your peril…

One of the greatest estate tax reduction strategies used by estate planners is about to go away – forever. Act Now!

Ok, while Client Alert’s Chicken Little act is over, it can say with a high degree of certainty that the sky really is falling.

Question:
What is the single most important goal of effective estate planning?

Answer:
Maximizing wealth transfer, as your heirs should be better stewards of your wealth than some bureaucrat back in Washington, D.C

Obstacle:
New government regulations, of course! Continue reading

Marriage and money

The Most Expensive Divorce in History… Averted!

Dear Clients, Colleagues, and Friends,

Life is unpredictable.

For instance, the financial pitfalls of a catastrophic divorce can throw devastating curveballs to even the wealthiest titans of industry.

Here is one such story:

Russian oligarch and French soccer club AS Monaco owner Dmitry Rybolovlev met his wife almost 30 years ago when they were both students in the Ural Mountains. Continue reading

Back Seat Driver's License

Now Back Seat Drivers Can Be Held Liable

The CA 4th District Court of Appeal Just Said So…

Dear Clients, Colleagues, and Friends,

Josh and Jessica planned a Friday night movie date at home. They rented “Fast and Furious”, as they were both avid Nascar fans. They were ready to see some exhilarating action scenes. Then they discovered that they did not have any popcorn, so they jumped in the car for a quick trip to the store.

Jessica knew a short cut through the residential neighborhood. She also knew it contained dips that would cause a vehicle traveling at a high speed to become airborne — they could create their own fast and furious adventure! She encouraged Josh by saying, “It’s fun to drive fast on them! You should do it!” She continued encouraging him to increase his speed. Josh finally put the pedal to the metal!

Then it happened. Continue reading