Client Alerts

Global financial summit

Book by March 1 – Financial & Historical Gods & Empires Cruise

Gods and Empires  Crystal Symphony Cruise September 20-27, 2020 Dear Friends, Colleagues, and Clients, Our upcoming Crystal Symphony cruise, sailing from September 20th – 27th, and exploring Athens and Rome, is almost completely booked. While the cabins allotted for the conference are selling fast, the rest of the cabins are sold out. The good news is there are still 24 cabins allocated for our conference group, but they must be filled […]

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In Memory of an Estate Planning and Asset Protection Icon: Jeffrey Matsen

Dear Friends, Colleagues, and Clients, It is with great sadness we announce the passing of estate & trust and asset protection attorney and icon, Jeffrey Matsen.  Jeff was a friend and colleague for more than 25 years, and mentor and teacher to many budding lawyers wanting to specialize in this unique field of law. Jeff was a loving husband, father and grandfather and leaves an undeniable legacy for his family as well as contributions to the legal profession as a recognized leader in […]

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Eggs & ESOPS: Tax Advantaged Way to Sell Your Company

Dear Friends, Colleagues, and Clients, 2020 forecasts to be a year of significant M&A activity.  If you are considering selling your company and the idea of paying tax rates of 40% or more of your gain is unappealing, you will want to learn about the age old technique called the Employee Stock Ownership Plan (ESOP), an IRS approved tax advantaged business exit strategy. Carl J. Hattermann has assembled some of the […]

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Global financial summit

You’re Invited – Financial & Historical Gods & Empires Cruise

Dear Friends, Colleagues, and Clients, I invite you to join me, September 20-27, 2020, on an all-inclusive luxury cruise aboard the Crystal Symphony through some of the most historic areas in the world.  You will follow the ancient footsteps to the Acropolis, explore temples and monuments that were built to honor mystical gods, and discover medieval ports and scenic landscapes that were once coveted territories of the world’s most powerful empires. As […]

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Empty Nesters? What to Do with Your Residence

In many parts of the country, the home in which you raised your kids, who have left the nest, has likely experienced significant growth in value. Now the house is too big for the two of you and you want to downsize. You are not alone. This is one of the most vexing questions many of our clients face as they move toward their senior years. Moreover, the equity in […]

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The Nevada Asset Protection Trust May Provide Protection from Day One

The Nevada Asset Protection Trust May Provide Protection from Day One

Dear Friends, Colleagues, and Clients, Our neighbor to the east, Nevada, has some of the best trust law in the United States. Nevada is also well known for the asset protection trust (APT) law. What folks may not know is how quickly the “firewall” protections of the APT may attach once the assets are placed in the APT. Nevada Revised Statute (NRS) Sec. 166.170 requires a creditor to bring an […]

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New SCOTUS Ruling Clears Way for Important Income Tax Planning Opportunities

New SCOTUS Ruling Clears Way for Important Income Tax Planning Opportunities

Dear Clients, Colleagues, and Friends, For those who live in a high-tax state and earn passive income or expect to have a significant liquidity event from the sale of a business or other capital assets, you now have options. On June 21, 2019, the U.S. Supreme Court ruled that North Carolina is not allowed to tax income earned by a trust formed outside the state just because the trust’s beneficiaries […]

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Verdon Shocked about tax

Will California Voters Bring Back the Inheritance Tax?

On March 25, 2019, the California Senate introduced Senate Bill No. 378 (SB-378).  SB-378 proposes an estate, gift and generation-skipping transfer tax of 40% on the value of all owned by a California decedent in excess of $3.5M. Yes, 40%! A few details of the bill to be aware of This tax would include a lower threshold than the federal exemption, namely, $3.5 million for single individuals and $7 million […]

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You may want a 2nd passport

Second Passport? Here’s Why You May Want One

Dear Friends, Colleagues, and Clients, One’s wealth serves as a safety net for professionals and their families. However, the current geopolitical and economic landscape might mean that wealth alone without a larger plan may not be enough. When it comes to travel freedom, the passport that wealthy individuals hold can hamper their ability to respond to threats or new opportunities to access the global travel, business opportunities, and lifestyle options that they […]

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California Estate Gift and Generation-Skipping Transfer Tax Proposal

California Estate, Gift and Generation-Skipping Transfer Tax Proposal

Dear Friends, Colleagues, and Clients, On March 25, 2019, the California Senate introduced Senate Bill No. 378 (SB-378). SB-378 proposes an estate, gift and generation-skipping transfer tax of 40%, an amount equal to the tax imposed at the federal level.[1] This tax would include a lower $3.5 million basic exclusion for individuals and $7 million for married couples (which shall not be adjusted for inflation.) Additionally, the taxpayer is allowed […]

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