William R. Simon, Jr., Esq.

This blog aims to explain how business owners and real estate investors can and should protect and grow their wealth (nearly) tax free in the effort of becoming a “Capitalist” as soon as possible. Which Do You Want to Be? Laborer: A person who is employed/self-employed and works for income that is used for living […]

Understanding the Current Exemptions Currently, individuals can shield up to $13.61 million from estate taxes, with couples enjoying a generous $27.22 million exemption. These figures aren’t just numbers – they represent a safety net, ensuring that your legacy transitions smoothly to the next generation without a hefty tax bill. The Looming Changes Here’s the crux:

Direct Control: A Straightforward Approach Direct control is the most straightforward form of influence, where an individual or entity has the explicit authority to manage and control their assets. This form of control is characterized by the immediate power to make decisions, often resulting in quick and efficient management. As an example of direct control,

Understanding the Texas Homestead Exemption The Texas Homestead Exemption is a legal provision designed to provide homeowners with certain benefits and protections. It’s enshrined in the Texas Constitution and further defined in state statutes. The primary purpose of this exemption is to protect a homeowner’s primary residence from creditors and provide relief from excessive property

Understanding the Wyoming Qualified Spendthrift Trust Before deciding if a Wyoming QST is suitable for your needs, it’s essential to understand the core characteristics of the trust. A QST is a type of trust that offers robust benefits – those being asset protection, flexible trust structuring, tax advantages, and privacy. Wyoming, known for its strong

In examining past events, it becomes evident that the potential for asset seizing is not just theoretical; it has materialized in significant ways. Past events echo the possibility of similar measures being taken in the future. To safeguard one’s wealth and preserve the security and wellbeing of your finances, it’s vital to consider alternative asset

Take the case of ancient Rome, whose currency, the denarius, was once the cornerstone of global trade. Rome’s eventual collapse was not due to a single catastrophic event but rather a culmination of political instability, devaluation of the currency, and overextension of military and economic resources. Similarly, the Dutch guilder, another historical powerhouse, saw a

This synergy of Bitcoin, offshore trusts, and offshore LLCs represents a cutting-edge approach to securing your wealth while retaining a substantial degree of control over your Bitcoin assets, including the power to facilitate transfers or sales. It’s a strategy that not only enhances the security of one’s finances but also will empower you with the

Previously reserved for unlikely events such as floods and other natural disasters, force majeure clauses have seen a rise in invocation in the wake of the COVID-19 pandemic. With the pandemic disrupting industries globally and inhibiting many companies from satisfying contractual obligations, the doctrine of force majeure is proving a useful remedy for some parties

The average person has over 25 different logins in today’s increasingly digital world. Wealthy investors likely have even more digital assets, such as e-commerce businesses, domain names, blogs, copyrights, trademarks, and patents. Given the scope of the online digital landscape, some individuals fail to recognize the depth and complexity of the assets and information they