May 2006 – Issue #4
FioreWealthPreserveConsulting
With 3 months left here at the Lompoc Federal Prison Camp, I am now developing my plan for launching a Family Wealth Planning consulting practice as a non-lawyer. For over 40 years, my law practice concentration was in tax and estate planning for families and their business and investment holdings. See the newly archived resume on this website that details my experience and background.
The concept of “FioreWealthPreserveConsulting” will be to assist clients and their professional advisors in dealing with wealth accumulation and preservation on an integrated basis. That will involve multi-generational family goals, management succession and control, tax minimization within the context of acceptable entities and techniques, and the document and plan review (including operational auditing) necessary to minimize the risk of intra-family disputes and IRS attacks. Also I have archived here a summary of the consulting effort titled “Consulting Scope & Mission Statement”. I sincerely hope those reading this summary will give me input and suggestions as I head toward implementation of the plan for a non-lawyer consulting practice.
Speaking and Writing
As many friends and former professional associates are aware, I always have had a solid interest in and commitment to professional and client education through seminar and conference presentations, estate planning courses, and writing for professional journals on estate planning and tax dispute resolution subjects. I am hopeful to restart this effort upon my release, and thus am available for presentations dealing with tax disputes in the gift and estate area, FLPs and valuation matters, and also estate planning programs for high wealth families. My usual practice of providing detailed outline and practice materials will continue in the future.
A special opportunity has just been provided to me for a “community service” presentation to Government and private tax litigators and other professionals. Each year UCLA sponsors the Annual Tax Controversy Institute in the Los Angeles area. Attendees include lawyers and accountants who represent taxpayers in tax disputes, both criminal and civil, and also tax litigators and auditors with the Federal Government and the State of California attend the Institute. Commerce Clearing House, Inc. publishes the articles and proceedings of the Institute in its Journal of Tax Practice & Procedure. I have been invited to be a presenter at the UCLA Annual Tax Controversy Institute being held this year in Beverly Hills on October 23, 2006 – just following my release date of October 20, 2006. Subject to receiving the approval of my probation officer for the travel involved to and from California from Idaho, my presentation and accompanying article for publication will provide an overview of my own tax case, lessons I have learned from the experience, and suggestions for representing clients in similar situations. My article will be archived on the website once completed and published.
June – An Important Date!
June 16th will mark the 50th anniversary of marriage for Mary Ann and me. So far as a celebration is concerned, a party or trip must be deferred; however, Mary Ann and I will be together on that weekend, namely, June 17th and June 18th, when she visits me here at the camp. I am so fortunate to have as my wife such a loving, supportive and forgiving woman in Mary Ann Fiore – she is my “light at the end of the tunnel” toward which I move as quickly as possible.
