Durfee Law Group Sustainable Distributions Sustainable Distributions: How to Make Wealth Last and Grow The United Nations has promulgated 17 Sustainable Development Goals . Broadly speaking, these inter-related goals address global issues such...
Durfee Law Group Deferred Sales Trust A Deferred Sales Trust is a device to defer the taxable gain on the sale of appreciated real property or the like. Typically, when appreciated property is sold, the gain is taxable. The tax on this ga...
Durfee Law Group Corona Virus Emergency Documents We have provided an on-line resource to help our clients and friends prepare for contingencies while we all “shelter in place” during an emergency such as the current corona virus / COVID-19 lock down...
Michael Koberlein What Is a Buy-Sell Agreement? What Is a Buy-Sell Agreement What is a buy-sell agreement? A buy-sell agreement allows for the mandatory purchase of an owner's interest in the business. Purchasers may include shareholders and/or the...
Michael Koberlein WHAT'S YOUR LEGACY? What Legacy Will You Leave When You're Gone? When you think about the legacy you’ll leave, what comes to mind? When you're no longer on this earth, what kind of impact will you have on your Family? Co...
Durfee Law Group SPLIT DOLLAR TAX PLANNING: A RETIREMENT PLAN FOR KEY EMPLOYEES AND HIGH NET WORTH EXECUTIVES SPLIT DOLLAR TAX PLANNING What is a Split Dollar Plan? Employers offer a Split Dollar Plan as a death benefit to Key Employees as an incentive for them to stay on with the Company for a longer period ...
Durfee Law Group THE LIFE INSURANCE LLC: A POTENTIAL SOLUTION TO THE BUY-SELL TAX BASIS CONUNDRUM Life Insurance LLC A "Life Insurance LLC" can creatively address the problems business owners face when developing a buy-sell agreement. Buy-Sell Agreements have several hurdles: Death benefits funded...
Michael Koberlein SECURE Act Estate Plan Update Some people think that their IRA actually belongs to them. It does not. It belongs in part to the government. The politicians created IRA plans. Those who make the rules can change the rules. . . and ...
Durfee Law Group Tax Deductions for Giving Art to Charity When one's basic needs are fully met, it is not uncommon to accumulate and surround oneself with beautiful things. In other words, those who can, collect art. Sadly, part of the human condition is tha...
Durfee Law Group Why Is Probate Necessary? Mandatory Litigation Probate is almost never voluntary. It is compelled. Why is probate necessary? When a person dies, it has been a nasty habit of humanity from the dawn of time for people to show up... Coordination Estate Planning Last Will & Testament Probate & Estate Administration Trusts
Durfee Law Group Member Managed LLC's are a Bad Idea With rare exceptions, Member Managed LLC's are a bad idea. In spite of this, the most common form of LLC structure is Member Managed. Sadly, almost all CPA's and even some attorneys have no idea that ...
Durfee Law Group Split Interest Gifts Split Interest Gifts An asset or property can be divided up in many ways. We can divide if geographically by putting a fence down the middle. We can dividing it over time by renting or leasing it. A s... Asset Protection Charitable Planning Coordination Estate Planning Tax Planning Trusts
