JAY D. ADKISSON
Jay Adkisson is best known as the creator of Quatloos.com and as a book author and popular legal and financial speaker on a variety of topics. Jay is an attorney who practices in the areas of creditor-debtor litigation, asset protection and wealth preservation, and captive insurance companies and insurance/reinsurance litigation. He is also a contributor to Forbes magazine.
Jay Adkisson earned his Juris Doctor degree from the University of Oklahoma in 1988, and was a member of the Oklahoma Law Review. He has been admitted to practice before the Supreme Court of Oklahoma (1989), Texas (1993), California (2007), Nevada (2012), Arizona (2012), the U.S. Supreme Court, the U.S. Court of Appeals for the 5th, 9th, 10th, and 11th Circuits, and numerous federal district courts nationwide. In 23 years of practicing law, he has been in litigation and trials from Houston to Miami to Delaware to Tacoma to San Diego, and many places in between.
Jay is a member of the American Bar Association and is active in leadership in the Business Law and Real Property, Trusts and Estate (RPTE) sections.
Vice-Chair, 2012 to 2015, Committee on Financial Services and Insurance in the RPTE Section
American Bar Association Advisor, 2012-14, Uniform Laws Commission Committee on the Uniform Voidable Transactions Act (formerly the Uniform Fraudulent Transfers Act)
American Bar Association Advisor, 2014-2015, Uniform Laws Commission Committee on the Uniform Series of Unincorporated Business Entities (a/k/a Uniform Series LLC Act)
Past Chair, 2012 to 2014, Committee on Captive Insurance Companies in the Business Law Section
Jay is a founding partner of Riser Adkisson LLP, with his offices in Newport Beach, California, and Henderson, Nevada.
ASSET PROTECTION PLANNING
Nationally known as a leading critic of abusive asset protection and offshore strategies, Jay is the author, along with Mr. Chris Riser, of "Asset Protection: Concepts and Strategies" (McGraw-Hill, 2004), available from Amazon and Barnes & Noble.
Now published in Chinese, Riser & Adkisson's Asset Protection: Concepts & Strategies" is the worldwide best-seller on the topic of asset protection. Available through Amazon China.
Jay regularly speaks to professional groups and associations about the ethics and morality of asset protection planning, and the need for such planning to be fully disclosed and legal. He has presented to the American Bar Association, many state and county bar associations, the University of Miami's Heckerling Institute, the Southern California Tax & Estate Planning Forum and other prestigious groups.
Jay's lectures have included "The Ethics and Morality of Asset Protection Planning" (presentation to the American Bar Association), "Avoiding Fraudulent Transfers", "Charging Order Protection", and "Why Offshore Trusts Fail". Jay has also provided guidance to various creditors groups and law enforcement agencies on how to spot and defuse abusive asset protection schemes.
Having been involved early in his career in several high profile commercial cases that had significant international collection aspects, a part of Jay's practice has continued to be in the area of creditor-debtor law, including collections and judgment enforcement of large and difficult cases.
Jay is an honorary member of the California Association of Judgment Professionals, which is the largest trade group in California of judgment enforcers. Jay has lectured on defeating asset protection plans to collection agents of the U.S. Internal Revenue Services, attorneys of the U.S. Department of Justice, and other professional groups.
Jay publishes the California Creditor-Debtor Law Forum at http://www.calejl.com to further the study of the California Enforcement of Judgments Law by practitioners. Follow Jay's commentary on California creditor-debtor law on LinkedIn and on Twitter
He is currently an Advisor to the Uniform Laws Commission Committee considering revisions to the Uniform Fraudulent Transfers Act, and has been appointed a Receiver by the Superior Court of Los Angeles County.
CAPTIVE INSURANCE COMPANIES
Jay was first exposed to the international alternative risk markets in 1995 while representing a European reinsurance company client. In 1998, Jay became one of the three founding members of Manchester Strategic Advisors LLC, which at that time was one of original captive insurance consulting firms. It was at this time that Jay created the concept and coined the phrase for the Closely-Held Insurance Company (CHIC), which was a captive insurance company used for a wealth transfer and preservation function as a ancillary benefit to providing insurance against perils.
In 2006, Jay published "Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies and Risk Retention Groups" which has become the best-selling guide to captive insurance companies. Jay continues to actively consult with business owners about the structuring and formation of new captive insurance companies. See http://www.captiveinsurancecompanies.com for more information. This book is available at Amazon and Barnes & Noble.
Today, Jay's practice includes forming "pure" captive structures, consulting on existing captives, and litigating issues involving captive insurance companies and related structures. Follow Jay's commentary regarding captive insurance companies and alternative risk transfer issues on LinkedIn and on Twitter
SECURITIES & INVESTMENT ISSUES
Jay is the author of "Equity-Indexed Annuities: The Smart Consumer's Guide" (2006), which discusses this advanced form of fixed annuities. This book gives a balanced look at one of the use of one of the most popular financial tools ever to be sold, including when they can and cannot be used, suitability issues, and understanding their basic operation. Jay formerly held FINRA Series 4 (Registered Options Principal), 7, 63 and 65.
PURSUING FINANCIAL FRAUD AND ABUSIVE TAX SCHEMES
Although he does not practice in the area of taxation, Jay has long been a leading foe of those who promote abusive tax schemes or financial frauds.
Jay is the Creator and Editor of Quatloos! (quatloos.com), an internationally famous internet website which exposes financial frauds and scams, and which has won many honors. Since Quatloos.com went online in 1998, it has helped tens of thousands of people avoid being scammed out of literally billions of dollars, and helped to educate many thousands of people (and also enforcement personnel) about tax scams and tax scam promoters.
Jay has testified was featured in the Forbes’ Article “Build Your Own Soapbox” in the Fall 2000 Best of the Web special edition for his work with Quatloos! Jay has also appeared on ABC's 20/20 and in financial publications such as the Wall Street Journal, and numerous other television and radio programs to discuss various financial frauds and tax scams.
Jay occasionally assists various groups of the Internal Revenue Service with continuing education and training on tax scams, asset protection, and related issues.
Jay enjoys taking litigation and collection matters against financial fraud artists and promoters of abusive tax schemes.
Jay has twice appeared as an expert witness before the U.S. Senate Finance Committee to testify about various tax scams.
Jay's Testimony before the U.S. Senate Finance Committee: "Charity Oversight and Reform: Keeping Bad Things from Happening to Good Charities" Taped video of the U.S. Senate Finance Committee June 22, 2004 (in .wmv format).
Jay's written testimony (June 22, 2004) (pdf)
Jay's Testimony Before U.S. Senate Finance Committee: "Taxpayer Beware: Schemes, Scams, and Cons" Taped video of the U.S. Senate Finance Committee, 5 April 2001 (in .ram format). Download RealPlayer first if you don't already have it on your system.
Jay's Testimony Before U.S. Senate Finance Committee: "Taxpayer Beware: Schemes, Scams, and Cons" Jay's Written Statement before the U.S. Senate Finance Committee, 5 April 2001 (in .pdf format).
Jay accepts representations to act as an expert witness in appropriate matters.
SUPPORT FOR VICTIMS OF EYE CANCER AND MONOCULAR VISION
After losing his eye to deadly choroidal melanoma cancer in 2000, Jay started the first internet website at http://www.losteye.com that was dedicated to addressing the concerns of those who had lost an eye to whatever cause. This website has provided substantial information and support to tens of thousands of such persons worldwide.
In 2006, Jay published the book Coping with Monocular Vision after Enucleation or Eye Loss from Cancer, Accident, or Disease to assist others with the physical changes and psychological trauma occasioned by the loss of an eye.
SUBJECT OF ARTICLES
Hiding Money Carries Risks, January 28, 2009
Tax Shelters 2.0 May 16, 2008
The World's Top Tax Havens March 31, 2008
Deferral Games February 26, 2007
Where Did the Money Go? December 26, 2005
Protection Time June 06, 2005
Protect Your Assets May 12, 2003
Build Your Own Soapbox September 11, 2000
Covering Your Assets April 13, 2009
Burned by Real Estate, Some Just Walk Away October 18, 2007
Deconstructing a New Capital Gains Tax Strategy March 21, 2007
Beyond the Pre-Nupt September 22, 2005
Smart Money Magazine: 10 Things Estate Planners Won't Tell You August 18, 2009
Smart Money Magazine: 10 Things Your Tax Preparer Won't Tell You February 9, 2008
Jay's regular column for Forbes™ can be found at http://www.forbes.com/sites/jayadkisson/
Forbes Articles by Jay Adkisson
Asset Protection Generally
2013/6/27 ~ Before Marriage, Same Sex Couples Need Prenups
2011/7/31 ~ Ten Rules For Asset Protection Planning
2014/10/23 ~ Hiding Income In Company Nixes Discharges In Hiett
2014/3/17 ~ IRS Noose Starting To Tighten On Sham Risk Pools
2013/11/16 ~ Cell Captives And The Recycling Of Capital
2014/12/1 ~ Single-Member LLC's Veil Pierced In Greenhunter
2014/1/30 ~ Charging Orders And The Contemptuous Partnership
2013/12/26 ~ Series LLC And The Abyss Of The Unknowns
2013/4/29 ~ The Misunderstood Charging Order
2011/7/31 ~ Charging Orders and K.O.'d by the K-1 ... Not
2014/2/6 ~ A Wedding And The Writ Of Ne Exeat Republica
2012/9/14 ~ Of Indian Summer, Shredders, and Trash Pulls
2013/1/19 ~ Kremen -- Failure To Prove Fraudulent Transfer
2014/9/17 ~ Weed Investments Go Up In Smoke, Says SEC
2012/7/30 ~ You Can't Fix Stupid: The Iraqi Dinar Scam Lives
2013/3/25 ~ Cyprus And The Death Of An Offshore Haven
2012/11/12 ~ Fear Not Windows 8, But Embrace It
2014/2/25 ~ AsiaTrust Gets Hauled Into The California Courts
2013/11/20 ~ The Trust Protector Idea Isn't Just For Trusts
PAST CONFERENCE PRESENTATIONS BY JAY ADKISSON (LAST 5 YEARS ONLY)
2015 May 4 - ALI-CLE Webinar - Jay Adkisson to be a panelist for "Domestic Asset Protection Trusts: Effectiveness and Ethics from the View of Planners and Creditors" sponsored by the American Law Institute
2015 April 21 - San Francisco - Jay Adkisson and Robert Sommers presented "Ethical Considerations In Working With Clients And Collaborative Advisors" at the Business Succession Seminar for the California Continuing Education of the Bar
2015 April 16 - San Francisco - Jay Adkisson to moderated the panel "Protected Cell Captive Insurance Companies" and spoke on the panel "Limited Liability Entities - Current Bankruptcy Issues" at the Spring Symposium of the American Bar Association's Business Law Section
2015 March 13 - Oklahoma City - Jay Adkisson presented "Trusts and Asset Protection" to the Oklahoma Bar Association
2014 December 4 -- Jay Adkisson participated on the webinar panel "Asset Protection & Bankruptcy: What Estate Planners Need To Know", sponsored by the American Law Institute
2014 October 17 -- San Diego, CA -- Jay Adkisson and David Slenn presented two programs, "Ethics Issues In Asset Protection" and "Asset Protection Update and the New Uniform Voidable Transaction Act", at the Southern California Tax & Estate Planning Forum
2014 August 20 -- Newport Beach, CA -- Jay Adkisson presented "Asset Protection Update" at the Orange County Bar Assocation's Trusts & Estates Section
2014 July 10-11 -- Austin -- Jay Adkisson to presented "Charging Orders" at the University of Texas Continuing Legal Education Conference on LLCs, LPs and Partnerships
2014 May 14 -- Jay Adkisson was a panelist for the presentation "Why Clients Across the Spectrum are Increasingly Using Captive Insurance Risk Management" presented by the American Bar Association Section on Real Property, Trusts & Estates
2014 May 8 -- Miami -- Jay Adkisson presented "Fraudulent Transfers and Charging Orders" at the Florida Bar Tax Section seminar Asset Protection Industry Leaders Present Key Tools, Technologies, and Insights to Create a Successful Wealth Protection Plan
2014 May 4-6 -- Miami -- Jay Adkisson presented "Offshore Insurance Frauds, Schemes and Scams" at the OffshoreAlert Conference
2014 May 1-3 -- Kansas City -- Jay Adkisson presented "Asset Protection Hot Topics Update" at the Kansas City Estate Planning Symposium
2014 April 10-12 -- Los Angeles -- Jay Adkisson was the Moderator of a Panel presenting "Captive Insurance - Tax & Regulatory Update" at the Spring Meeting of the American Bar Association's Committee on Captive Insurance Companies of the Business Law Section
2014 March 26 -- Long Beach CA -- Jay Adkisson, Travis Farnsworth and Raymond Goldstein presented "Judgment Enforcement in California" sponsored by Lorman
2013 December 17 -- Jay Adkisson and Richard LeVine presented the CLE webinar "The Dangerous Side-Business: Ethical Considerations for Attorneys Who Offer Insurance or Financial Products" for the American Bar Association's Committee on Insurance & Financial Services in the Real Property Trusts & Estates Section
2013 November 1 - Pasadena - Panelist for the program "Creditors' Remedies In California" presented by Lorman
2013 September 24 - With Ellisa Habbart presented "Creditors Remedies Against LLCs Other Than Charging Orders" presented by the American Bar Association Section on Real Property, Trusts & Estates
2013 June 29 - Los Angeles - Presented "Ethics of Asset Protection" to the Southern California Tax & Estate Planning Forum
2013 April 23 - ABA Teleconference - Presented "Charging Orders" for the American Bar Association Section on Business Law Committee on Limited Partnerships and Unincorporated Entities
2013 April 4 - Washington DC - Chaired panel "Creditor Attacks on LLCs and LPs Other Than By Charging Orders" at the Spring Meeting of the American Bar Association's Business Law Section
2013 March 9 - Las Vegas - Presented "Does Asset Protection Work?" at the Asset Protection Workshop for WealthCounsel
2012 November 27 -- Pasadena CA -- Presented "Debt Collection Practices in California" sponsored by Lorman
2012 October 27 -- New Orleans -- Presented "Asset Protection for the Plastic Surgeon at the 2012 Convention of the American Society of Plastic Surgeons
2012 October 18-19 -- Washington, D.C. -- Participated on a panel discussion regarding charging orders at the LLC Institute sponsored by the LPUE Committee of the Business Law Section of the American Bar Association
2012 October 13-14 -- Sacramento, CA -- Presented "Anatomy Of A Collection" at the annual meeting of the California Association of Judgment Professionals
2012 May 3 -- New York, New York -- "Ethical Issues In Attorney Life Insurance And Annuity Sales" at the Spring Symposia of the American Bar Association's Section on Real Property, Trusts and Estates Law
2011 November 9 -- Redlands, CA -- "Asset Protection in California" at the 32nd Annual Inland Empire Estate Planning Seminar
2011 September 24 -- Denver -- "Asset Protection for the Plastic Surgeon" at Plastic Surgery 2011 sponsored by the American Society of Plastic Surgeons
2011 August 7 -- Toronto -- Moderated the panel "Captive Insurance Companies: Introduction and Update" sponsored by the American Bar Association's Committee on Captive Insurance at the Business Law Section's Annual Meeting
2010 August 4 -- National Telephone Conference -- Jay Adkisson joined Professor Carter G. Bishop of the Suffolk University Law School to discuss the "reverse veil piercing" of limited liability companies and the recent Olmstead case in Florida where a single-member LLC failed to protect the assets of its debtor member. Presented by the Business Planning Group of the American Bar Association's Section on Real Property, Probate and Trust Planning.
2010 March 24 -- "Asset Protection: Avoid the Landmines" to the Phoenix Chapter of the Financial Planning Association
2010 March 5 -- Symposium on Foreign Asset Protection Trusts sponsored by the Pepperdine University College of Law
2009 September 23 -- Portland, OR -- Keynote speaker at the First Annual Oregon Captive Conference
2009 July 17 -- Anaheim, CA -- "The Dead Deadbeat" at the California Continuing Education of the Bar presentation "Death, Debt, and Taxes"
2009 May 1 -- Naples FL -- "An Incremental Approach to Asset Protection" for the Ohio State Alumni Club at the Naples Beach Hotel & Golf Club.
2009 April 29 -- Palm Springs -- "Asset Protection and Financial Planning" at the Annual Retreat of the Financial Planning Association
2009 February 17 -- Houston -- "Captive Insurance" at the Houston Chapter of the Society of Financial Services Professionals
Numerous prior speaking appearances have been omitted from this list. Contact us if a full list is desired.
RISER ADKISSON LLP
PLANNING PRACTICE AREAS
LITIGATION PRACTICE AREAS
Quatloos! (by Jay Adkisson)MR. CHRISTOPHER M. RISER
Admitted Georgia and North Carolina
320 East Clayton Street, Suite 508
Athens, Georgia 30601
Ph: 706 552 4800 Fax: 404 420 2142
chris [at] risad.com
MR. JAY D. ADKISSON
Admitted Arizona, California, Nevada, Oklahoma and Texas
100 Bayview Circle, Suite 210
Newport Beach, California 92660
Ph: 949 200 7773 Fax: 877 698 0678
2850 West Horizon Ridge Pkwy, Suite 200
Henderson, Nevada 89052
Ph: 702 953 9617 Fax: 877 698 0678
jay [at] risad.com
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