Richard Thomas Williamson (born 1958) is an American
non-fiction writer who has written books and articles on
asset protection,
estate planning, and
capital gains tax planning. He is a
California attorney
Attorney may refer to:
* Lawyer
** Attorney at law, in some jurisdictions
* Attorney, one who has power of attorney
* ''The Attorney'', a 2013 South Korean film
See also
* Attorney general, the principal legal officer of (or advisor to) a gove ...
specializing in
estate planning and forming business entities such as
corporations
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...
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 Prior to 2006, a private annuity trust (PAT) was an arrangement to enable 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 ta ...
. After his initial book on the subject in 2003, private annuity trusts became 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
JT Foxx Radio Show. Additionally, he has had his work featured in Investment Adviser Magazine.
[http://www.investmentadvisor.com/print.php?printscreen=yes&topic=&article=5551]
Richard earned his
Bachelor of Science in Business Administration
Bachelor of Business Administration (BBA) is a bachelor's degree in business administration awarded by colleges and universities after completion of undergraduate study in the fundamentals of business administration and usually including advanced ...
from the
University of Southern California and his
Juris Doctor
The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law
and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice law ...
from
Southwestern University School of Law.
He currently resides and has his law practice in
Long Beach, California.
Bibliography
*''Selling Real Estate Without Paying Taxes: A Guide to Capital Gains Tax Alternatives'' (1st Ed. 2003, )
*''Tax Secrets of Millionaire Real Estate Investors'' (2005, )
*''Selling Real Estate Without Paying Taxes: A Guide to Capital Gains Tax Alternatives'' (2nd Ed. 2007, )
*''The Real Estate Investors Guide to Corporations, LLCs, and Asset Protection Entities'' (2008, )
References
1958 births
Living people
Writers from Long Beach, California
Marshall School of Business alumni
Southwestern Law School alumni
California lawyers
American non-fiction writers
{{US-law-bio-stub