I often hear the terms asset protection, risk management and tax havens interchanged with little regard to some of the key strategic differences between them. They are not for all intent and purposes interchangeable and here’s why. Asset protection is a great buzz word thrown around to incorporate a wide variety of concepts to protect [...]

In the fall of 1956 the world was on the brink of a major international conflict. Americans allies France and England were engaged over a battle with Egypt for control over the Suez Canal. The Soviet Union was threatening to intervene on the side of Egypt. America wanted to avoid military action at any cost [...]

Here we go again, cinch up your waste-band and hold on because if you are an employer – any employer – employees now have the right to sue you for lost investment performance. The Supreme Court has ruled employees have the right to sue owners when mistakes are made that impair account values. Sounds a [...]

As many business owners, professionals and affluent individuals continue to absorb the implications of the financial irresponsibility of the Bush administration and the constraints that President Elect Barack Obama is faced with, I’m sure many of you are concerned about the impending tax increases and threats to your wealth and privacy. It appears we will be [...]

As we approach the end of another year, those who have procrastinated in setting up owner or professional benefit plans will again have the opportunity next year. Considering the results of this year’s election (and if we are to believe the incoming administration), tax rates will increase for high income earners. One efficient tool left [...]

My primary objective in working with an advisor, advisory firms and attorneys is to identify clients who are concerned with the financial loss associated with unnecessary overspending in the form of higher than required federal tax payments. Unfortunately, many are unaware that they are overpaying by some estimates millions of dollars in unnecessary taxes. For most high [...]

According to a September 12, 2008 study titled” The Distribution of Income Tax Noncompliance” on a sample of 45,000 individual returns filed for 2001, 21% of Americans earning between $500,000 to $1,000,000 understated their gross income in 2001. This is contrasted with the underreporting rate for those earning $50,000 to $100,000 at 8% and lower [...]

While the presidential debate continued to heat up with increased regularity, each candidate is signaling their intent to make the wealthy pay more in taxes. It seems this mentality is also running rampant in our legislative branches. Talk about biting the hand that feeds you. What isn’t being widely reported in the mainstream media to [...]

It seems that some of my predictions I wrote about in my book “It’s Your Money” are now coming true. Governor Arnold Schwarzenegger of California using the premise that the State’s elected officials cannot agree on a budget issued an executive order S-09-08 that not only reduces the State’s minimum wage to the lower federal [...]

For the better part of this past year, I’ve been advocating that individuals with significant real estate assets and investments may want to start to divest themselves of those assets as I believe sometime within the next 6-8 month we will experience a sudden market downturn both in the investment and real estate markets. A [...]