Proactive Law

Estate Planning is even more important if you do not have children - not less! Rick Durfee discusses the factors and options for individuals who are child free and what they can do to ensure they have a say as to what happens to their estate after they have passed instead of leaving it up to politics.

Durfee Law Group attorneys Rick Durfee, Michael Koberlein, and Daniel Hansen join together to have a discussion about CPAs, Tax Attorneys, and other tips & tricks you may not have known when it comes to filing your taxes!

Rick Durfee joins Andy Daniels and Scott McRae from Sure Wealth Solutions to discuss the basics of CRUTs (Charitable Remainder Uni-Trust).

As we have already discussed a bit about the Family Bank and the Family Office, we will be talking about the Family Foundation. We will discuss:

◦ Who needs this and why

◦ How does this impact financial services and products

◦ Donor Advised Fund vs. Private Foundation

◦ Social Capital vs. Family Capital

◦ Charitable Intent vs. Tax Incentives

◦ Next Generation Training

◦ Keeping control of assets after a client passes

◦ How to set up and operate, funding, gifting & valuation issues

Making all the pieces work with each other and with your

practice

◦ Year in summary and review

◦ Materials and Handouts:

- Best Practices Diagram

- Trust Order Form

Watch this episode and get the show notes: https://www.proactivelaw.com/post/integrated-planning-putting-it-all-together

When to Plan & When it is Too Late

What Are We Protecting, What are we protecting it from, who

are we protecting it for

Cost Benefit: Set Up Cost, Maintenance Cost, Complexity Cost

Risk Assessment: Subjective vs. Objective Risk

The Good Fence: Internal Risk vs. External Risk

Segregating Control, Equity and Risk

Using the Family Bank and Family Office

Subsidiary Entities for Special Use Properties

The Residential LLC & Occupancy Agreement

Charging Liens & Charging Orders

Avoiding Fraudulent Conveyances

Friendly Secured Loans - Securing real estate, A/R, equipment, etc.

How to Punch Holes in an Asset Protection Plan

Off Shore vs. Domestic

Self Settled "Domestic" Asset Protection Trusts

State to State issues – what jurisdiction is best?

Tax Consequences & Reporting Requirements

Watch This Webinar Here: https://youtu.be/NxDIckaLZI8

In this webinar you will learn:

When to fund your estate

Beneficiary designations- coordinating with trusts and individuals

RMD's, taxation and the estate plan

Variations on a theme: Roth vs Traditional

Spousal Vs. Non-spousal Beneficiary rules

Creditor Protection for Inherited IRA's

Rick Durfee and Michael Koberlein discuss the family bank and family office.

Watch this episode: https://youtu.be/z73qv3Pql1E

As a professional, do you know how to help your clients deal with the probate process? Rick Durfee and Michael Koberlein from Probate Law Group and Durfee Law Group  discuss the probate process during a webinar to real estate professionals. 

To see the video of this webinar go to Probatelawgroup.com/5ThingsofProbate

Need peace of mind during a pandemic? Having these basic documents in place can do just that and you can get them at a discount! Rick Durfee explains these documents and why you want to have them in place NOW before any other disaster happens.  

Resources in this video:  

Get the discount: http://durfeelawgroup.com/shelterinplace/  

Proactive Law Podcast: https://anchor.fm/proactivelaw