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 […]Continue reading
Author Archive: Kathryn Weber
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 […]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, […]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 […]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 […]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 […]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 […]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 […]Continue reading
Protecting Your Blind Side
Dear Clients, Colleagues, and Friends, “White-eighty, white-eighty, hut!” A crisp snap slams the ball firmly into Carolina Panther Cam Newton’s hands, and he drops back into the pocket, searching for his receiver as defensive linemen bear down. He hears a loud crunch – the sound of two bodies colliding. Cam smiles, knowing that his left tackle Michael Oher is protecting his blind side, giving him precious extra seconds. Cam cocks […]Continue reading
Have You Heard? We’ve Expanded to Silicon Valley
We are pleased to announce the opening of our new Silicon Valley office. Our comprehensive estate planning with asset protection legal services will now be available to successful business owners and technology entrepreneurs to protect their assets and lifestyle, using proven strategies for tax and asset protection planning. 333 Twin Dolphin Drive, Suite 220 Redwood City, CA 94064 949-333-8150 1201 Dove Street, Suite 400 Newport Beach, CA 92660 949-333-8150 […]Continue reading