Durfee Law Group Avoiding the Nursing Home Cost Crisis Medicaid Spend Down Many of our clients are concerned about avoiding the nursing home cost crisis. What is the crisis? The cost of long term medical care has the potential to consume your entire estat...
Durfee Law Group Trust Decant - Old Wine New Bottle Trust Decant The term "decant" means to pour the contents of one container into another container. It is like pouring old wine into a new bottle. It has come to refer to the practice of forming a new ...
Durfee Law Group Domicile In Florida No Tax States Clients frequently ask where they can move to reduce their local income tax. There are several states that have either very low or no income tax including as of this article Alaska, Wyom...
Durfee Law Group Resolving Disputes in Estates with ADR Staying Out of the Courtroom Preventing and resolving disputes concerning your estate may be one of the most important functions of your estate plan. The reason is simple. Disputes are perhaps the gre...
Durfee Law Group Incidents of Ownership Why are "Incidents of Ownership" Important? This is a question that frequently arises in estate planning, particularly regarding life insurance. The reason this question is important is this: If the i...
Durfee Law Group Some QTIP Trust Advantages WHAT IS A QTIP TRUST? Couples in their 2nd or 3rd marriages often consider a QTIP trust. This is because it works well to care for the current spouse for life. Then, it can be drafted to care for chil...
Durfee Law Group TENANTS IN COMMON: IS IT WORTH IT? TENANTS IN COMMON Most people in real estate know that one way property can be owned is as Tenants in Common. Tenants in Common consists of two or more people who own a separate interest in real prope...
Durfee Law Group The Family Bank The Family Bank What is a Family Bank? Well, to start, it’s important to understand why a Family Bank may be useful. Why a Family Bank? Most families who have worked hard to accumulate wealth share a ... Coordination
Michael Koberlein A Fraudulent Conveyance Is Not the Answer Fraudulent Conveyance Most people don’t want to lose all of their stuff if they get sued. They may be tempted to commit a fraudulent conveyance. Their first reaction might be to give their property aw...
Michael Koberlein LIFE INSURANCE AND ESTATE PLANNING Has anyone told you that life insurance plays an important role in your estate planning strategy? It certainly can. Many people have used life insurance to preserve the value of their estate, provide ...
Michael Koberlein Real Estate Developers: Considered Estate Planning? Real Estate Developers: Estate Planning or Integrated Planning in Real Estate Development Land Developers and Real Estate Developers have to plan a lot, but how often do they consider estate planning ...
Michael Koberlein OPPORTUNITY ZONES DURING COVID-19 What Are Opportunity Zones? Opportunity Zones (OZ) are part of the 2017 Tax Cuts and Jobs Act. Congress introduced Opportunity Zones as an innovative approach to spark long-term private investments in...
