He is a California attorney specializing in estate planning and forming business entities such as corporations and limited liability companies (LLCs).

His books are designed to approach tax strategies and asset protection from a real estate investor's perspective.

Specialized companies sprang up across the US marketing private annuity trusts to the general public sometimes misrepresenting the benefits or applying the strategy inappropriately.

The growing popularity and perceived abuse of private annuity trusts drew the attention and scrutiny of the Internal Revenue Service and on October 18, 2006 the IRS issued a Notice of Proposed Rulemaking that basically eliminated any tax deferral benefits of private annuity trusts created after that date.

Richard's expertise in capital gains tax planning and real estate investing has been noted and called upon by the Wall Street Journal on three separate occasions [2][3][4] as well as by the JT Foxx Radio Show.