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Source: http://www.corliss-law.com/seminars.html Advanced Choice of Entity: Protecting Your Business and Your Real Estate (2 Hours CPE/MCLE* Credit) Wednesday, February 24, 2010, 3:00 p.m. - 5:00 p.m. Selecting the right form of business entity is critical in protecting your personal and business assets. It is not something to take lightly and the consequences of the wrong choice can cost you everything you have accumulated personally and in your business. Your first step in protecting your assets and wealth begins with the choice of the type of business entity you are going to use. The right choice can result in shielding your business, your real estate and your family from risk and unwanted creditors. Proper tax structure is also important in keeping more of what you have earned - a factor commonly overlooked in creating business entities. Learn how to select the proper entity in order to shield your business, your real estate from creditors while keeping more of what you have earned through an efficient tax structure. Learn the differences between the entity types, when to use a limited liability company over a corporation, what all the talk about different jurisdictions is about, and what a Delaware Series limited liability company is. Suitable for all professionals (especially doctors and dentists), business owners and their advisors. *MCLE approval pending Presenters: Donald M. Corliss, Jr., JD, LLM (Taxation) Jacob Stein, JD, LLM(Taxation) Location: 19200 Von Karman Avenue, 5th Floor, Irvine, CA To RSVP, please contact Sharla via e-mail Sharla@corliss-law.com or call 877-958-4482 You can visit our website: http://www.corliss-law.com

We've repeatedly said that the life settlement market has improved substantially this year. But the best way to illustrate that is to share the details of some recent cases with you. 1. $3 million Survivorship UL, wife deceased, male age 90: The policy was originally bought for estate taxes, which due to the American Taxpayer Relief Act (ATRA) of 2012, were no longer a problem for this client. We shopped the policy last year and got an offer of $700,000, but the client decided he would try to maintain the policy. This year he came back to us because he had trouble coming up with the premium payments. Though his life expectancy decreased by only 4 months, a year later we were able to get him $815,000 for the policy, which had a cash surrender value of $246,000. He was thrilled! 2. $2 million U.L. on female, age 79, with relatively modest health impairments: Life expectancies obtained were 122, 142, and 129 months. The policy had only $43,000 in cash surrender value and the client could no longer afford the premiums. The client received $131,000 in a life settlement. 3. $500,000 U.L. policy on a male, age 90: The family was running out of money to pay for his long term care in a nursing home. His life expectancies were 36, 36 and 48 months. The client received $217,000 for a policy with no cash surrender value, which gave everyone comfort that he would be able to continue to receive care at his existing facility. 4. $4 million Survivorship U.L., husband deceased, female age 82: Life expectancies were 102 and 134 months. Changes in the estate tax law eliminated her need for this insurance. $575,000 was received for this policy,which had a cash surrender value of $168,000.