DOUGLAS L. YOUMANS

Partner

State Bar No. 96255
J.D., M.B.A. (Taxation)
(916) 920 – 5286
dyoumans@wkblaw.com
LinkedIn

REAL ESTATE

Counsels clients on various real estate related matters include acquisitions, sales, exchanges, financing, reorganizations, debt restructuring, leases, partnerships, joint ventures, broker-agent relationships, bond issues, options, licenses, easements, subdivisions, landlord-tenant issues, foreclosures, homeowner associations, syndications, private placements, condemnation, race track leases, development agreements, cost sharing agreements, shared appreciation mortgages, and litigation support. Lawyered transactions ranging from hundreds of thousands to hundreds of millions of dollars.

BUSINESS LAW

Represents companies as general counsel in connection with owner relationships and dispute resolution; mergers and acquisitions; employment matters; contracts; leases; deferred compensation plans; and general business law. Representation has included small start-up companies with but few employees, to large established companies with hundreds of employees.

TAX LAW

Represents companies and individuals in virtually all aspects of tax planning and controversy resolution before federal and state taxing authorities including litigation in tax and appellate court. Representative cases include: 100% employment tax penalty; income tax and fiduciary liability; fraud and negligence; income reconstruction; tax-free exchanges; reallocation of income; substantiation; timing; characterization; mergers; consolidated returns; and collections. Case values have ranged from thousands to millions of dollars.

ESTATE PLANNING

Represents individuals in all aspects of estate planning, probate and trust administration. Estate plans have included living trusts, marital deduction trusts, irrevocable trusts, life insurance trusts, charitable trusts and foundations, grantor retained income trusts, and qualified personal residence trusts. Representation has included individuals whose net worth range from hundreds of thousands to millions of dollars. Succession planning has included recapitalizations, buy/sell agreements, split interest acquisitions, partnerships, estate freezes, private annuities, self-cancelling installment notes and gifting. Probate and trust administration has included contested matters, asset identification and evaluation, beneficiary identification and determination of distributive shares, post-mortem tax planning, trustee and beneficiary representation and representation in estate and gift tax audits. Asset protection has included analysis of favorable jurisdictions, utilization of trusts, buy/sell agreements, limited liability companies, corporations and limited partnerships.

HEALTH LAW

Represents various health professionals in connection with their business, tax and estate planning, entity selection, employment agreements, leases, deferred compensation plans, buy sell arrangements, merger and acquisitions, third party contracts, practice sales, equipment leasing, and other matters.

EXPERT WITNESS & CONSULTANT

Has been retained as an expert in legal/accounting malpractice cases, as well as real estate, tax, and trust/probate cases.

EXPERIENCE

With over 35 years of in-depth experience in business, estate, real estate, tax planning and controversy work, Mr. Youmans has developed a practice designed to provide multi-dimensional legal services to individuals, executives and business owners who must comply with today’s complex legal system. Mr. Youmans provides expert legal services directly to clients, as well as to their primary attorneys, accountants, financial advisers and other representatives.

EDUCATION

Temple University, B.A. (Magna Cum Laude); 1977
McGeorge School of Law, University of the Pacific, J.D., 1980
Golden Gate University, M.B.A., Taxation 1984

ADMISSIONS

U.S. Court of Appeals, 9th Circuit, 2017
California State Bar, 1980; Certified Specialist, Taxation Law, 1988
U.S. District Court, Eastern District of California, 1982
U.S. Tax Court, 1983
U.S. Court of Appeals, 7th Circuit, 1987
Licensed as a CPA by the State Board of Accountancy, 1983

HONORS AND AFFILIATIONS

State Bar of California
Executive Committee of the Taxation Section of the State Bar of California, Chair for the 2012-2013 year
Author and paper presenter for several of the California State Bar Taxation Section’s Annual delegations to Washington D.C.
Chair of the Corporations and other Business Entities Committee of the State Bar of California Taxation Section
State Bar of California Probate, Practice Management and Tax Sections, Member
American Bar Association
Sacramento County Bar Association
Society of California Accountants (SCA)
California Society of CPAs (CALCPA)
American Institute of CPAs (AICPA)
Internal Revenue Service Sacramento District Practitioners Liaison Committee, Charter Member and Former Chair
Franchise Tax Board Advisory Group
Northern California State Lawyer

AV® Preeminent™ 5.0 Peer Review Rated™ by Martindale-Hubbell®

ACADEMIC ACTIVITIES

Adjunct Professor – Golden Gate University, 1985 to Present: Business Law; Tax Research; Estate and Gift Taxation; Estate Planning; Federal Tax Procedures; Tax Aspects of Marital Dissolution; Tax Accounting Periods and Methods; Tax Characterization of Income and Expenses; California State University at Sacramento, 1984-1985: Introduction to Accounting; Managerial Accounting.

Lecturer – 1982 to Present for various professional societies and organizations, including Continuing Education of the Bar, Northern California Tax Conference, Sacramento Board of Realtors, Society of California Accountants (“SCA”), Society of Enrolled Agents, California Society of CPAs (“CALCPA”), International Association of Financial Planners, Gold Country Estate Planning Council, Sacramento Estate Planning Council, Sacramento CPA Law Forum, Internal Revenue Service, Sacramento County Bar Tax Section, Sacramento County Bar Real Estate Section, State Bar, State Bar Tax Section, (Lonnie McGee’s) Annual Tax & Estate Planning Forum.

Advanced Estate Planning
Tax Deferred Exchanges
Family Entities
Tax Issues in Personal Injury Claims
Generation Skipping Transfer Taxes
Tax Planning for Real Estate Dispositions and Exchanges
Circular 230
Taxation of Capital Assets
Estate Planning for Small Businesses
Using California Trusts: Planning, Implementing, Administering and Terminating
Choice of Entity
How to Draft Wills and Other Estate Planning
Tax Updates
Nuts and Bolts of Corporate Dissolutions
Nuts and Bolts of S Corporations
Retirement Plan Distributions
Asset Protection
Tax Aspects of Bankruptcy
Tax Aspects of Co-Ownership of Property
Tax Consequences of Partnership Dissolutions
Estate Planning for Family Business Owners
ULPA 2008
Domestic Partnerships
Repeal of the State Death Tax Credit
Beyond Section 2036; Dealing with Family Entities
Single Member LLCs and the Effect of the Check the Box Regulations for Estate and Gift Tax Purposes
Income, Fiduciary and Other Taxes and Issues Dealing with Family Entities

CHOOSE A LEGAL PARTNER THAT'S COMMITTED TO YOUR SUCCESS.

To find out how we can help you through the complexities of today’s legal issues, call (916) 920-5286 or click below.

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DOUGLAS L. YOUMANS

Partner

REAL ESTATE

BUSINESS LAW

TAX LAW

ESTATE PLANNING

HEALTH LAW

EXPERT WITNESS & CONSULTANT

EXPERIENCE

EDUCATION

ADMISSIONS

HONORS AND AFFILIATIONS

ACADEMIC ACTIVITIES

ARTICLES & EVENTS

Basic Partnership Tax II – Sales, Disguised Sales and Termination

The Basic Partnership Tax

CCP 580e Gives Rise to Non-recourse Treatment of Discharged Debt

Tax Considerations in Choosing and Forming a Business Structure or Entity

REPRESENTATIVE PUBLICATIONS & PRESENTATIONS

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