'Rick Durfee It's About the Children There are a number of conflicts and emotional issues that can exist in a family business. Most are the result of the overlapping concerns between business decisions and family matters. The succession ...
'Rick Durfee Grantor's Intent Grantor’s Intent The Grand Unifying Principle of Trust’s The administration of a Trust poses many potentially difficult and complicated questions. Who gets what? When, how and upon what conditions do ...
'Rick Durfee Durable General Power of Attorney Why Have a Durable General Power of Attorney? What is the probability that sometime in your life that there will be a time when you cannot manage your financial affairs? Does that risk go up or down a...
'Rick Durfee Residential LLC's A Residential LLC is a unique use of an LLC. There's not anything out there in the universe called “Residential LLC”. That is our word and it reflects a particular way of structuring an LLC for purpos...
'Rick Durfee Medical Power of Attorney What Is a Medical Power of Attorney? The purpose of any Power of Attorney is to name decision makers to act on your behalf if you are for any reason unavailable. Typically, the decision makers named i...
'Rick Durfee Zen and the Art of Asset Protection Zen and the Art of Asset Protection "What does Zen have to do with asset protection?" the young acolyte asked the senior monk. The old man paused and then replied, "one such as I, possessing nothing t...
'Rick Durfee DO YOU REALLY HAVE A FAMILY OFFICE? Have you heard of The Family Office? If so, chances are you have heard of The Family Bank and The Irrevocable Dynasty Trust too. You may even have a plan that includes these. If you do have them, do y...
Norris Lozano Succession, Nevada Edition: Murdoch's Trust Battle and the Future of Irrevocable Trusts In a saga that feels ripped straight from HBO’s Succession, Rupert Murdoch’s (93 years old) attempt to reshape his family trust has been blocked by a Nevada commissioner—a decision announced on Decemb... Asset Protection Business Planning Probate & Estate Administration
Durfee Law Group ‘TIS THE SEASON TO BE FRAUDY The Christmas season, while a time of joy and celebration, can also be a breeding ground for scammers who don’t care whether they are naughty or nice. You are probably in at least one of the groups wh... Asset Protection
Norris Lozano Don’t Have Your Own Yellowstone Moment The exciting and perhaps unexpected conclusion of Paramount Network's hit series "Yellowstone" offers more than just entertainment – it provides a fascinating case study in estate planning, tax strate... Asset Protection
Norris Lozano Six Figure Income? The Alternative Minimum Tax Could Wipe Out Your Tax Savings Deductions The Alternative Minimum Tax (AMT) remains a significant concern for many taxpayers, particularly high-income earners and business owners. While recent tax law changes have reduced the number of taxpay... Tax Basics Tax Planning
Norris Lozano Comprehensive Guide to Year-End Tax Planning and the Alternative Minimum Tax The Alternative Minimum Tax operates as a parallel tax system designed to ensure high-income taxpayers pay a minimum amount of tax, regardless of deductions or credits. Think of it as a "backup tax sy... Tax Basics Tax Planning
