Tax Change is Here: Here’s How to Plan for It

The dust is still settling, but here are the first impressions of our nation’s new tax structure. Some of the changes will mean opportunities for those with a plan in place. The first major American tax overhaul since 1986, the Tax Cuts and Jobs Act (TCJA) of 2017 has arrived. Congress has approved it, and now the bill will be sent to President Trump to be signed into law, expected before Christmas. What does the largest overhaul of the tax […] Continue reading

Chance Favors the Prepared Mind – Do You Have a Grab and Go Bag?

Dear Clients, Colleagues, and Friends,   During a natural disaster such as the flooding that has taken place in Houston or Hurricane Irma in Florida, our first thoughts are for loss of life without question.  With “Irma” a category 5 storm arriving on tail of “Harvey” there is not enough time to learn how to face a disaster fast enough. Our second thoughts are day to day survival and how to get back to “normal”. This may include a long FEMA […] Continue reading

In Memory of Barry S. Engel, Esq.

Dear Clients, Colleagues, and Friends, On July 21, 2017, I lost a dear friend and the legal profession lost a great mind. Barry S. Engel, at only 63, was considered the father of the “offshore asset protection” industry. In 1988, the Economist published an article featuring his offshore trust/limited partnership structure which launched the offshore asset protection planning industry we have today. Barry’s genius was not just his keen intellect but also his ability to solve the most complex legal […] Continue reading

Just Because You Live in California Doesn’t Mean Your Trust(s) Have To!

Dear Clients, Colleagues, and Friends, Divorce Attorney Smith has a job to do, and it’s not an easy one… breaking bad news never is. Over lunch, Smith takes a deep breath, readying himself for the next half-hour of rage that is sure to come from his client Bill. The rage will be justified because the outcome certainly isn’t. Bill caught his soon-to-be ex-wife Laura having an affair with his best friend. Instead of remorse and apologies, Laura announced she was […] Continue reading

Exciting Developments at Jeffrey M. Verdon Law Group, LLP

Dear Clients, Colleagues, and Friends, It is with great pride that we share our maiden article as an ongoing contributor to Kiplinger’s Wealth Creation column. This piece, “Delaware Trust? You May Want to Consider Nevada Instead,” deals with a court decision which shocked the trust & estates professional community because until now Delaware Trusts were considered virtually “bullet-proof.” No one saw this coming. Congratulations to my good friend, Steve Oshins, Esq., being the first to shine light on this surprising […] Continue reading

Delaware Dynasty and Asset Protection Trusts, A Paper Tiger?

Dear Clients, Colleagues, and Friends, Sam built a fortune from furniture manufacturing. When he sold his successful business for a huge sum ten years ago, his one goal was to ensure his son would never have to struggle the same way he did – through a disastrous lawsuit and a financially ruinous divorce. Sam established a Delaware Dynasty Trust (DDT) to protect his son against future creditors and potentially vengeful ex-wives. Trusting Delaware’s reputation as a top-ranked U.S. trust jurisdiction, […] Continue reading

The Fusion of Planning and Protection for the New Year

Dear Clients, Colleagues, and Friends, If you are like most of us, the end of the year means a time for reflection on happenings from 2016 and looking forward to what we can do to make 2017 a great New Year. 2016 has been an interesting year at the Jeffrey M. Verdon Law Group, LLP. The historic Presidential election promises major tax reform, including a 15% business tax rate and lower personal income tax rates, fewer business regulations and less […] Continue reading

Treasury Department’s Tax Lawyer Reports: “It’s Not Over Til It’s Over…”

Dear Clients, Colleagues, and Friends, On August 4, 2016, the IRS issued proposed regulations under IRC Sec. 2704 designed to eliminate a commonly used and effective wealth transfer strategy to produce “discounts” in value for lack of marketability and lack of control when making transfers of closely held entity interests via gift or by one’s will or living trust. These discounts can range from 25% to 50% or more depending on the nature of the entity, the capital structure of […] Continue reading

The Proposed Tax Regulations to Stop Discounting Under IRC Sec. 2704 — What You Should Do and Do Now!

Dear Clients, Colleagues, and Friends, We write to inform you that the Treasury (IRS) just issued Proposed Regulations that could have a dramatic impact on your estate planning by eliminating valuation discounts. For wealthy people looking to minimize their future estate tax, this is critical. It can also be essential for others as well. If you are concerned about protecting a family business from the risks of future divorce, or protecting your assets from lawsuits or malpractice claims, discounts can […] Continue reading

Jeffrey Verdon, Esq. Speaking at SCCBA (also webcast) “What Every Lawyer Needs to Know About Their Own Asset Protection Planning and Strategies”

Dear Clients, Colleagues, and Friends, We are pleased to announce that Jeffrey M. Verdon, Esq., Managing Partner of the Jeffrey M. Verdon Law Group, LLP, with over 30 years of experience in the area of comprehensive estate planning with asset protection planning, will be the luncheon speaker at the Estate Planning Section of the Santa Clara County Bar Association on August 29, 2016, 12-2pm, on the topic “What Every Lawyer Needs to Know About Their Own Asset Protection Planning and Strategies”. Estate planning lawyers have continuing […] Continue reading