There are 2 sides of every S-Corp: (1) the tax election; (2) the legal entity - this provides the liability protection. Most people are familiar with the tax benefits, but there are things you must do every year to keep the liability protection. These are corporate formalities

Asset protection is not something you can do reactively. As soon as you have a liability your options are limited because although the law allows you to protect yourself and your assets it does not allow you to defraud creditors.

I hear this everyday…. Also get cases every week where kids are fighting. In many case the reason why they don’t fight is out of respect for the parents

Schools could be instantly improved if we returned to Socratic method of teaching

And just like that I’m a hockey fan 🇺🇸 🦅

What is PFAS (per- and polyfluoroalkyl substances), and why were they banned in CA?

For my other EP attorneys out there… CA prospect calls and wants to create a NV SLANT to use for QSBS. And they want you to complete it in less than 3 weeks. . . What are you charging?

Artist: a person who produces paintings or drawings as a profession or hobby. (Oxford) We all know there is a big difference between myself, who draws stick figures as a hobby and a professional. Estate planning is no different. It is an art . . . easy to do hard to master.

One of the last stories on the PBD Podcast was on estate planning. It highlighted another estate planning fail. The estate of Gene Hackman An absolute Legend who was in some of my favorite movies growing up: The Replacements, Enemy of the State, Crimson Tide, The Firm,

Live him or hate him SpaceX is wild. Engineering master class! Get these astronauts a DC, they’ve earned it

I couldn’t imagine being Elon. Imagine if things didn’t go as planned today… scary thought. Risked it all getting these people home

As an attorney it is difficult to read legal conclusions without any analysis. Conclusions without analysis and facts are meaningless. This has made being on X currently unbearable and why it is often so difficult to watch Hollywood's portrayal of attorneys.

Accurate

Took my wife to a movie at Regal Cinemas. Found out they only serve Pepsi… We’re never coming here again

Been very quiet here lately have some pretty exciting news to share soon!

Successful people are great at what they do, and because of it make a lot of money. This often means things like estate planning and asset protection are not even considerations in their world. Just an interesting observation

We are in an age where clients crave convenience and simplicity. It is too much admin to deal with an advisor, cpa and attorney separately.

President Trump's tax bill that just passed the house is slated to permanently increase the estate and gift tax exemption limit to $15MM. This is positive news that arrived sooner than expected.

Do yourself and your family a favor. If you are beyond your second or third amendment to your trust . . . It is time for a restatement. It is supposed to be a legal document not a collage.

A lot of clients I am working with have consolidated stock positions in companies like NVDA and TSLA. These big wins can create unrealistic expectations.