Jake joined Gupta Evans and Associates after spending two years with Dinsmore & Shohl. At his prior firm, he gained extensive experience in real estate and business litigation, including breach of warranty and products litigation. Prior to that, Jake practiced at a large national law firm in intellectual property and commercial litigation.
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Attendees can expect to learn the rules applicable in California for whether and when a plaintiff/claimant/creditor can “pierce the veil” of a debtor to reach assets held in a trust organized by the debtor. Attendees will also learn the opposite—that is, when a creditor can reach assets of an individual beneficiary or settlor of a trust where the trust/trustee is the debtor. Attendees will also get a refresher on the alter ego doctrine and the rules for “reverse veil piercing,” both of which inform the rules for reaching trust assets.
Key topics to be discussed:
Date / Time: February 2, 2022
Choose a format:
Live Video Broadcast/Re-Broadcast: Watch Program "live" in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for "live" CLE credit.
On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are viewable for up to one year.
Jacob Ayres | Gupta Evans & Ayres.
Jake joined Gupta Evans and Associates after spending two years with Dinsmore & Shohl. At his prior firm, he gained extensive experience in real estate and business litigation, including breach of warranty and products litigation. Prior to that, Jake practiced at a large national law firm in intellectual property and commercial litigation. Jake brings his litigation and counseling expertise to three main practice areas: real estate litigation, land use, and cannabis/hemp. In his real estate practice, Jake handles nondisclosure, title, and easement disputes.
He also has deep experience in real estate matters on the lending side, including those related to hard money lending and foreclosure. His land use practice is far reaching, including disputes related to zoning issues, water rights and water quality issues, inverse condemnation claims, and writs of mandate brought against public entities. Jake is also an advocate for the emerging and expanding legal cannabis and hemp industries, using his thorough knowledge of the constantly evolving laws, statutes, and regulations applicable to guide his clients through any regulatory or business disputes they may be experiencing.
As part of his cannabis law practice, Jake has experience in writ of mandate proceedings between retail operations and public entities, private money lending disputes, and internal investor/partner conflicts.
Jake graduated from the University of California, Los Angeles in 2010 and graduated magna cum laude and Order of the Coif from the University of San Diego School of Law in 2014. In law school, Jake was a Lead Articles Editor for the San Diego Law Review and served as a judicial extern for Judge Janis Sammartino of the United States District Court for the Southern District of California.
I. Overview of California Rules for Alter Ego | 2:00pm – 2:20pm
II. California Rules for “Reverse Veil Piercing” In Corporate Context | 2:20pm – 2:40pm
III. Revocable Trust Collections | 2:40pm – 3:00pm
Break | 3:00pm – 3:10pm
IV. Irrevocable Trust Collections Where Debtor Is Alter Ego of Trustee – California Court | 3:10pm -3:30pm
V. Irrevocable Trust Collections Where Debtor Is Alter Ego of Trustee – Federal Court (Applying California Law) | 3:30pm -3:50pm
VI. Irrevocable Trust Collections Where Debtor Is Trust/Trustee and Alter Ego of Settlor | 3:50pm -4:10pm