Jacob Stein

Bar / Professional Activity

• California, 1997
• American Bar Association, 1997
• International Bar Association, Member

Videos

• In this video, asset protection attorney Jacob Stein discusses how to retain control over your assets in an irrevocable trust. Learn how irrevocable trusts offer great protection from creditor claims and estate taxes and why they can also give up control of your assets. You'll also hear how appointing a trust protector can help you retain control over your assets in an irrevocable trust. In this video, Mr. Stein discusses the following topics: How to appoint a trust protector, The powers of a trust protector, How to draft an irrevocable trust that retains control over your assets, How to Retain Control Over Your Assets in an Irrevocable Trust, All, 2024

Transactions

• Represented a real estate developer facing a personal guarantee call from the lender. Helped the developer protect his personal assets and negotiate an attractive settlement with the developer., 2024
• Represented a director of a hedge fund facing a government investigation. Helped protect personal assets., 2024
• Represented an elderly driver involved in a serious auto accident. The claim was far in excess of insurance coverage. Helped the elderly client protect her residence and life savings from the plaintiffs lawyer., 2024
• Represented a business owner facing a wage and hours lawsuit from employees. Helped business owner protect assets of the business and of the individual owner., 2024

Special Licenses / Certifications

• Certified Tax Law Specialist, California State Bar Board of Legal Specialization

Pro bono / Community Service

• Represented a 97-year old widow. She was involved in an automobile accident and was sued. The plaintiff asked for $200,000 in excess of her insurance coverage. She was in danger of losing her home. Her only asset was her home, that she has lived in for more than 30 years. Represented the woman on a pro bono basis. Transferred the ownership of her house to an irrevocable trust. Seeing this, the plaintiff ceased its efforts to pursue our client in excess of her insurance limits., 2003
• CalCPA Education Foundation

Educational Background

• Georgetown University, LL.M. Taxation, 1996-1997
• USC Law School, 1993-1996

White Papers

• This article uses two case studies based on actual client situations to illustrate how irrevocable trusts are excellent structures not only for long-term estate planning but also for protecting assets from potential judgment creditors. First, the article describes very simple strategies that every home or business owner should implement before a creditor claim arises. Second is a brief examination of the legal and practical implications of voidable (fraudulent) transfer laws that may prevent clients from pursuing asset protection. Third, the article describes how to structure an irrevocable trust by using trust protectors for maximum asset protection and to retain flexibility. Finally, the choice of jurisdiction (U.S. or foreign) is discussed, Creative Planning Strategies Using Irrevocable Trusts, Estate Planning, 2020

Scholarly Lectures / Writings

• Lecturer for California CPA Education Foundation; NBI, Lorman, State Bar of California, California CPA Society; Adjunct Professor of Taxation at the CSU, Northridge Graduate Tax Program.
• Author of technical manuals on Asset Protection and on Advanced Tax Planning.
• Starting with a general overview of trusts and fundamental concepts and issues common to all trusts, this presentation will quickly advance to topics like revoking irrevocable trusts, keeping trusts flexible and retaining control through the use of trust protectors, sophisticated gift and estate tax planning, special needs planning and asset protection planning, Lecture, Advanced Planning with Trusts, Webinar (Center for Continuing Education), Lawyers, CPAs, 2020
• During this four-hour course, the instructor will provide an overview of the various tools used in planning for high net worth individuals before delving into advanced structures and strategies that provide for optimal wealth preservation. He will draw on theory and strategies from several applicable areas such as taxation, estate planning, estate tax planning, asset protection, advanced trust planning, international planning and investing, and more. The instructor will share lots of real life anecdotes and will focus on the practical implications of the various rules and planning opportunities. Creative income tax planning structures Creative estate tax planning using IDGTs, parallel conversions, and private annuities Important estate planning considerations Asset protection for high net worth clients Domestic and offshore business entities Domestic and foreign trusts and the use of trust protectors Representing international families Offshore banking and investing, Lecture, Cutting Edge Planning for High Net Worth Individuals, Webinar (Spidell), Tax, 2019

Other Outstanding Achievements

• Designation by Chambers and Partners in the high-net worth client category., 2022
• Super Lawyer Designation for ten straight years, 2024

Honors

• Ranked in the prestigious Chambers and Partners list of leading lawyers in the category of representing high net worth clients, Chambers Ranked for High Net Worth Category, Chambers and Partners, 2019
• America's Most Honored Professionals, 2019
• AV Preeminent® Rated by Martindale-Hubbell, 2019
• Rating of “10.0” on Avvo

Awards

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AV Preeminent®: This elite award is granted to attorneys who have been recognized by their peers for their very high ethical standards, with an average peer review score of 4.5 or higher.

Industry Groups

• HNW Individuals
• Manufacturing
• Real Estate
• Retail