Reed K. Scott is an Equity Partner in Youngman Ericsson Scott, LLP. Reed’s practice areas include Asset Protection & Estate Planning, Wealth Preservation, Tax Controversy, Tax Planning, Probate, Estate Litigation, Elder Law, Medi-Cal Planning, and Business Formation & Planning.
As a Tax Attorney, Reed began developing his expertise in tax while obtaining his Master’s Degree in Finance. After graduating in the top 10% of his Law School Class, he entered the LL.M Program in Taxation at Golden Gate University School of Law. While in the LL.M Tax Program, Reed found that he had a particular interest in asset protection and tax minimization strategies. His expertise and training in Tax has given him a unique ability as a Business Attorney and Asset Protection Attorney to translate complex issues into concepts that have meaning for each client. Because of his financial background, as an Estate Planning, Business, and Tax Attorney, Reed does more than just help clients reduce and minimize taxes. For those clients who are interested in a lifetime plan of wealth management, he will also work with them to develop a plan for wealth accumulation, management, and asset protection. His additional training and experience as an Elder Law and Medi-Cal Attorney ensure his clients are protected from the modern enemies of wealth preservation.
Reed graduated with Honors from the University of Kentucky with a degree in Business and Economics. He obtained his Masters of Business Administration with a concentration in Finance from Western Michigan University where he was honored for academic excellence by induction into the Beta Gamma Sigma Honorary Fraternity. After a successful career as an entrepreneur and business executive, Reed graduated with Honors from Golden Gate University School of Law, has a Masters in Tax Law, and has continued to study and teach in advanced areas of tax and asset protection.
Publications & Memberships
Reed is dedicated to the firm’s clients for the long-term and is starting a new paradigm in the practice of law – He offers his clients the option to review their plans on a yearly basis. This unique ongoing contact helps eliminate out-of-date planning, and provides the peace of mind that your intentions become reality. The courts are full of out-of-date planning; don’t let this happen to your family.
As an Estate, Business, and Asset Protection Attorney, Reed’s practice is focused on providing asset protection to families and businesses, and book, “Estate Planning is Dead! Asset Protection Planning is Alive and Well (A Consumer’s Guide to Modern Estate Planning),” is used by business owners and families across America to help protect a lifetime of hard work from being devastated by taxes, lawsuits, divorce, remarriages, and unexpected healthcare costs. Reed’s second and third books, “Retirement Account Riches: Using the Tricks of the Tax Code to Turn $350,000 into a Thirty-Five Million Dollar Family Legacy!” and “Business. Owner’s. Bible. The Non-Legalese Guide to Asset Protection & Tax Planning for California Business Owners and Professionals,” will be available soon. In addition to his memberships in the California Bar Association, American Bar Association, and the Contra Costa County Bar Association, he is a member of the estate, trusts, probate, and tax sections of both the California State Bar and Contra Costa County Bar Association. Reed is also a member of the National Academy of Elder Law Attorneys (NAELA) and is admitted to practice law in the U.S. Tax Court.
Reed has served as a Judicial Extern for the Alameda County Probate Court, as well as a volunteer for the Contra Costa Probate Court. Reed is an accomplished speaker and lecturer and provides free ongoing continuing education to CPAs, Financial Planners and other professionals in the areas of tax planning, retirement planning, asset protection, and business formation and succession planning.
Business Asset Protection
Youngman Ericsson Scott, LLP is experienced in helping business owners protect assets and minimize taxes and is one of the few Northern California Attorneys experienced with the California Private Retirement TrustSM
Read more here: California Business Journal
“Business owners often get so busy with day-to-day operations they end up losing thousands if not hundreds of thousands to poor tax planning. Even worse they can lose a lifetime of hard work in one lawsuit in California’s highly litigious pro-creditor environment. It’s my job to proactively help them take advantage of all the available forms of tax minimization and legal protection strategies.
Traditional tax asset protection vehicles like corporations, partnerships, and LLCs are only a part of the solution. These are vehicles that can offer some protection in some circumstances. There are much better time tested options available for business owners in California, but I’ve found very few business owners are aware of the protections available to them under state and federal law.
“We analyze all of a business owners tax and creditor exemptions under the law. We had one client so disgusted with California’s tax and litigation environment he came into my office wanting to move to Texas for relief. After we did the analysis and showed him what tax and creditor exemptions were available to him in California, he realized if he moved he’d being taking a step down. Not only in terms of lifestyle but in terms of asset protection.”
Call us today and learn how to protect your lifetime of hard work.
J.D. Golden Gate University School
Western Michigan University
University Of Kentucky