Client Alerts

Orange County Business Journal

You’re Not a Resident of Alaska?

Alaska was the first state to adopt what is commonly known as asset protection trust legislation in 1997.  This was done to compete with the myriad of overseas jurisdictions offering opportunities for U.S. residents to create a special type of trust to protect the assets placed in the trust from a future financially ruinous unforeseen lawsuit filed against him or her.  What we didn’t know for sure was whether the […]

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Orange County Business Journal

Protecting Your Family: Priceless

Sara and Jonah Williams worked for over 30-years building their fledgling business into a thriving franchise with stores throughout the nation. They hadn’t anticipated an unexpected and overly litigious lawsuit in which they were sued for millions of dollars. Fortunately for the Williams, they planned for the unexpected by combining the fusion of intelligent planning with asset protection. Over the years this protection made certain they paid the least amount […]

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Alaska Court

Alaska Court Just KO’d Domestic Asset Protection Trust

Dear Clients, Colleagues, and Friends, Thanks to an Alaskan Supreme Court ruling made on March 2, 2018, it’s become clear that if you are not a resident of the state under which you establish a domestic asset protection trust (DAPT), the DAPT won’t protect your assets from lawsuit and thus, may not be worth the paper it is written on. The following article, which was chosen by Kiplinger for its […]

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Orange County Business Journal

Thinking of Selling Your Business? Beware of Buyer’s Remorse!

After a long day at his successful hotel linen service business, Larry came home and shared with his wife, “They called again.”   “Why are we still thinking about this?  Sell.  Take the money.  We can retire in comfort now,” she said.    Larry built his business with sweat and blood, amassing a huge client base, a fleet of trucks, and enough linens to stock half the hotels in Las […]

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cutting money

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 […]

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Orange County Business Journal

Wealth Management Column Answers from Jeff Verdon

Why should clients include asset protection strategies into their estate planning? Protecting your assets and family’s legacy is an important part of any comprehensive estate plan. Many traditional estate plans include a component called revocable living trust (RLT) to hold a client’s assets. While the RLT will avoid probate at death, it offers no protection from lawsuit creditors.  This leaves a client’s assets perilously unprotected. The client could lose a […]

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Client Alert

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 […]

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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 […]

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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 […]

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Orange County Business Journal

Just Because You Live in California doesn’t Mean Your Trust(s) have to!

Family law attorney, Jack 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 won’t be. Bill caught his soon-to-be ex-wife Laura having an affair.  Instead of remorse and apologies, […]

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