by Dave Duringer - Protective Law Corp | Apr 7, 2022 | Asset Protection, Blog, Creditors & Predators, Estate Planning, Operation & Governance, Venture Protection
When setting up your business, one of the most significant decisions you will make is which type of entity to form. If you have settled on forming a limited liability company (LLC), you must also choose the type of management structure it will have. LLCs can be...
by Dave Duringer - Protective Law Corp | Mar 31, 2022 | Asset Protection, Blog, Bloodline Protection, Creditors & Predators, Estate Planning, Estate Tax, Fortune, Income Tax, Spendthrift Children, Tax Planning
The Beneficiary Deemed Owner Trust (BDOT) is one of several options to consider for “trusted beneficiaries” (pun intended) to whom you are open to giving some access to trust income and/or principal. (Another option might be the Beneficiary Controlled...
by Dave Duringer - Protective Law Corp | Mar 4, 2022 | Asset Protection, Blog, Estate Planning, Limitation of Liability, Venture Protection
As a small business owner who puts in long hours to build your enterprise, it can sometimes feel like there is no separation between your personal and professional lives. You are probably willing to make this sacrifice to build a company that reflects your values and...
by Dave Duringer - Protective Law Corp | Mar 3, 2022 | Blog, Estate Admin, Estate Planning, Family Protection, Firearm Legacy, GunLaw.Pro, Probate Admin, Spendthrift Children, Trust Admin
This critique of the 2022 (9th) edition of “California Gun Laws” by C.D. “Chuck” Michel and Matthew D. Cubeiro is not a critique of the entire book, but only a small portion consisting of two sections, Section 3 (“Operation of Law”...
by Dave Duringer - Protective Law Corp | Nov 14, 2021 | Blog, Family Protection, Health Planning, Life
Could we see forced organ harvesting here in the US? Of course the notion seems far-fetched, but over the last couple years we’ve fetched so much culture-rending nonsense from far-away communist China that we could be up to our eyeballs in China soon. We...
by Dave Duringer - Protective Law Corp | Sep 1, 2021 | Asset Protection, Blog, Estate Planning, Family Protection, Firearm Legacy, Firearm Training, Tax Planning
Check out our new radio ad, commencing today on the Andy Caldwell Show, K-NEWS 98.5 FM…best talk radio on the Central Coast! Posted with permission of the Andy Caldwell Show and Dimes Media. Click here: Script: Ronald Reagan warned us: “Freedom is never more...
by Dave Duringer - Protective Law Corp | Nov 28, 2020 | Property Tax
Barring any assistance from a Kraken tentacle or two, it looks like California’s Prop 19 passed. Many families will be negatively affected and you should contact us right away for preliminary legal advice on whether you might benefit from taking immediate...
by Dave Duringer - Protective Law Corp | Dec 30, 2019 | Asset Protection, Bloodline Protection, Creditors & Predators, Estate Planning, Income Tax, Retirement Planning, Spendthrift Children, Tax Planning
Dear Clients and Students, On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective January 1, 2020. The Act is the most impactful legislation affecting...
by Dave Duringer - Protective Law Corp | Dec 21, 2019 | Asset Protection, Estate Planning, Income Tax, Tax Planning
Yesterday with all eyes focused on impeachment, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act, part of the 1,700 page, $1.4 trillion Further Consolidated Appropriations Act, 2020 (H.R. 1865, as amended)....
by Dave Duringer - Protective Law Corp | Oct 18, 2019 | Asset Protection, Estate Planning, Family Protection, Tax Planning
Dynasty trusts may be a tough sell when it comes to some millenials. How long did AOC say we have, twelve years? On the other hand, clients who are sane may benefit from acting now to create a dynasty trust before the window closes in 2026 — or perhaps...
by Dave Duringer - Protective Law Corp | Oct 18, 2019 | Retirement Planning, Tax Planning
You may find Kiplinger’s updated tax map surprising: Click on any state in the map below for a detailed summary of state taxes on income, property, and everything you buy. Check out our slideshows below, including our picks for the 10 most tax-friendly and the...
by Dave Duringer - Protective Law Corp | Apr 9, 2019 | Estate Planning, Estate Tax, Tax Planning
Using quantitative analysis, we’ll show that the grantor’s choice is almost always clear: If her two-year GRAT is funded with marketable securities and is underwater at all prior to the first annuity date, she should cut her losses and start a new GRAT. That...
by Dave Duringer - Protective Law Corp | Apr 6, 2019 | Health Planning
UPDATE: Every few months I see a story like the one below, and I try to make the time to blog it. However a few months after posting the story below, I had a client in my office relating a very personal and emotional story at least as amazing as any other such story...
by Dave Duringer - Protective Law Corp | Apr 6, 2019 | Asset Protection, Creditors & Predators, Estate Planning, Tax Planning
Outright distributions, even if staged at various ages, signify outdated planning. The Beneficiary Controlled Trust, pioneered by my friend Steve Oshins and his father, fills the gap between outright distribution and extreme asset protection — very...
by Dave Duringer - Protective Law Corp | Feb 4, 2019 | Estate Planning, Estate Tax, News & Commentary, Property Tax, Tax Planning
While the estate tax is a perennial boomerang, Warren’s wealth tax tomahawk chop flies in the face of the Constitution’s prohibition on unapportioned scalping: The Constitution prohibits federal direct taxes that are not apportioned by population,...
by Dave Duringer - Protective Law Corp | Nov 3, 2018 | Estate Planning, Family Protection, Health Planning, Incapacity Planning
This flawed article also makes some very good points, so i’m copying a good portion of it below. [Just note that gun ownership is NOT declining as the article states (see here, here, and here).] While discussions about guns and gun ownership are common political...
by Dave Duringer - Protective Law Corp | Nov 3, 2018 | Asset Protection, Estate Planning, Family Protection, Firearm Legacy, Firearm Training, Health Planning, Incapacity Planning, Tax Planning
Here is a great little slideshow on top estate planning priorities to avoid tragedy and missed opportunity (“Top 10 Dangers Facing Senior Citizen Clients”) which I summarize below (adding a little California-relevant detail of my own), with a link...
by Dave Duringer - Protective Law Corp | Nov 1, 2018 | Family Maintenance, Family Protection, Health Planning, News & Commentary
Sounds like a good idea, possibly for inclusion in incentive trust planning: “I want to make a promise to myself and to God that I will stay pure until I get married. “I don’t have to have sex to know that I am loved.” The Purity Movement preaches...
by Dave Duringer - Protective Law Corp | Nov 1, 2018 | Estate Planning, Estate Tax, Tax Planning
Our Firearms Instruction and Responsible Stewardship Trust (F.I.R.S.T. Family Trust) takes many forms as it is custom like all our planning, but one variant involves a Health and Education Exclusion Trust. This type of trust allows you to give much greater...
by Dave Duringer - Protective Law Corp | Oct 24, 2018 | Creditors & Predators, Estate Planning, Income Tax, Tax Planning
This Virginia attorney writes a very good article summarizing some of the problems of transferring real estate to a child as an alternative to actual estate planning. Capital gains tax due to loss of basis step-up, medicaid lookback (California’s medi-cal...
