News for You

New Video Course: NextGen Collaborative, September 2019 thru March 2020

The heirs of wealthy families often find stepping away from strong family influences and charting their own course can be both personally and professionally challenging, even under the best of circumstances. When there's a family business with significant wealth involved, the course you choose - and the ramifications - can be quite complex.

That is why attorney Jeffrey Verdon is so passionate about sharing a new course called "NextGen Collaborative" created by the Williams Group. More info here >

Cryptocurrrency Tax Laws

Cryptocurrrency may be virtual but the tax law requiring you to report your profits remains a very real responsibility. For state and federal tax purposes, Bitcoin, and its lesser known crypto cousins like Altcoin, are treated as investment property.

Recent Florida Court Ruling on Foreign Asset Protection Trusts

You may have heard about a recent Florida court ruling that suggests your foreign asset protection trust, or FAPT, is not as rock solid as you thought. But don't panic. There is more to this story.

Protect Your Blind Side with an Asset Protection Plan

Remember the movie, The Blind Side? It was based on the inspiring story of NFL player Michael Oher. Oher's position? Left tackle. Now that's the player who protects the quarterback from what he can't see. In other words... his blind side.

Recent Court Rulings on California Trusts

Home is where your heart is, but it's not necessarily where your trust should be, especially if you live in the state of California. Several recent court rulings have whittled away trust protections, making those assets vulnerable to all kinds of creditors, including vindictive, soon to be ex-spouses.

Establishing a Trust

If you earn investment income in a high tax state and don't need to take that income, you should consider establishing a trust in a non-tax state. Why? Because the US Supreme Court has just handed down a decision that clarifies the rules.

Asset Protection

If all your talent and hard work has finally paid off, and you have accumulated substantial wealth, you may think you are set for life. And you may be, if those assets are protected.

Asset protection is not just about future missteps, it's also about mistakes from the past or a greedy opportunist who sees dollar signs.

Labor Laws

Business owners, managers, and legal counsel... beware. If you run afoul of certain employment practice laws in the state of California, you, your managers, and your shareholders could be on the hook personally.

Foreign Asset
Protection Trust

There are two critical principles to consider when establishing a foreign asset protection trust: How much of your net worth should go into the trust? How much control should you keep over what happens with that trust.