Richard T. Williamson
Encyclopedia
Richard T. Williamson is a non-fiction
writer
who has authored multiple books and articles on asset protection
, estate planning
, and capital gains tax
planning. He is a California
attorney
specializing in estate planning
and forming business entities such as corporations and limited liability companies (LLCs). His books are designed to approach tax strategies and asset protection from a real estate investor's perspective.
In capital gains tax planning, Richard T. Williamson is considered one of the early experts contributing to the understanding and use of the tax deferral strategy known as the private annuity trust
. After his initial book on the subject in 2003, private annuity trusts became increasingly popular with financial and real estate advisors. Specialized companies sprang up across the US marketing private annuity trusts to the general public sometimes misrepresenting the benefits or applying the strategy inappropriately. The growing popularity and perceived abuse of private annuity trusts drew the attention and scrutiny of the Internal Revenue Service and on October 18, 2006 the IRS issued a Notice of Proposed Rulemaking that basically eliminated any tax deferral benefits of private annuity trusts created after that date.
Richard's expertise in capital gains tax planning and real estate investing
has been noted and called upon by the Wall Street Journal on three separate occasions as well as by the J.T. Foxx Radio Show. Additionally, he has had his work featured in Investment Adviser Magazine.
Richard earned his Bachelors of Science in Business Administration from the University of Southern California
and his Juris Doctor
from Southwestern University School of Law
.
He currently resides and has his law practice in Long Beach, California
.
Non-fiction
Non-fiction is the form of any narrative, account, or other communicative work whose assertions and descriptions are understood to be fact...
writer
Writer
A writer is a person who produces literature, such as novels, short stories, plays, screenplays, poetry, or other literary art. Skilled writers are able to use language to portray ideas and images....
who has authored multiple books and articles on asset protection
Asset protection
Asset protection is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments...
, estate planning
Estate planning
Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses...
, and capital gains tax
Capital gains tax
A capital gains tax is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property...
planning. He is a California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
attorney
Lawyer
A lawyer, according to Black's Law Dictionary, is "a person learned in the law; as an attorney, counsel or solicitor; a person who is practicing law." Law is the system of rules of conduct established by the sovereign government of a society to correct wrongs, maintain the stability of political...
specializing in estate planning
Estate planning
Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses...
and forming business entities such as corporations and limited liability companies (LLCs). His books are designed to approach tax strategies and asset protection from a real estate investor's perspective.
In capital gains tax planning, Richard T. Williamson is considered one of the early experts contributing to the understanding and use of the tax deferral strategy known as the private annuity trust
Private annuity trust
A private annuity trust enables the value of highly appreciated assets, such as real estate, collectables or an investment portfolio, to be realized without directly selling them and incurring substantial taxes from their sale....
. After his initial book on the subject in 2003, private annuity trusts became increasingly popular with financial and real estate advisors. Specialized companies sprang up across the US marketing private annuity trusts to the general public sometimes misrepresenting the benefits or applying the strategy inappropriately. The growing popularity and perceived abuse of private annuity trusts drew the attention and scrutiny of the Internal Revenue Service and on October 18, 2006 the IRS issued a Notice of Proposed Rulemaking that basically eliminated any tax deferral benefits of private annuity trusts created after that date.
Richard's expertise in capital gains tax planning and real estate investing
Real estate investing
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development...
has been noted and called upon by the Wall Street Journal on three separate occasions as well as by the J.T. Foxx Radio Show. Additionally, he has had his work featured in Investment Adviser Magazine.
Richard earned his Bachelors of Science in Business Administration from the University of Southern California
University of Southern California
The University of Southern California is a private, not-for-profit, nonsectarian, research university located in Los Angeles, California, United States. USC was founded in 1880, making it California's oldest private research university...
and his Juris Doctor
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
from Southwestern University School of Law
Southwestern University School of Law
Southwestern Law School is a private ABA-accredited law school located in Los Angeles, California , with about 1,000 students. Its campus includes the Bullocks Wilshire building, an admired art deco National Register of Historic Places landmark built in 1929...
.
He currently resides and has his law practice in Long Beach, California
Long Beach, California
Long Beach is a city situated in Los Angeles County in Southern California, on the Pacific coast of the United States. The city is the 36th-largest city in the nation and the seventh-largest in California. As of 2010, its population was 462,257...
.