by Dave Duringer - Protective Law Corp | Jun 28, 2016 | Asset Protection, Creditors & Predators, Entity Formation, Income Tax, Tax Planning, Venture Protection
The IRS recently released temporary regulations clarifying that an employee of a disregarded entity is liable for self-employment tax if the employee is a partner in the partnership that owns the disregarded entity. See Treasury Decision 9766 (May 4, 2016). Source:...
by Dave Duringer - Protective Law Corp | Jun 27, 2016 | Firearm Legacy, Firearm Training, Health Planning
Many of us want improved eye health, but simply do not know where to start. With all of the problems challenging our vision it can be difficult to discern whether or not you have complete autonomy over your eyes. Source: 4 Simple Exercises for Improved Eye Health If...
by Dave Duringer - Protective Law Corp | Jun 25, 2016 | Health Planning
Are improvements to healthcare directives necessary and possible? The answer is an emphatic YES! As a trusted advisor, you can blaze the trail for your clients.In the past three decades, a relatively low percent of adults have completed a healthcare directive. So what...
by Dave Duringer - Protective Law Corp | Jun 23, 2016 | Asset Protection, Creditors & Predators, Estate Planning, Retirement Planning, Tax Planning
The beneficiary designations on financial accounts are crucial decisions that will impact the success of a financial or estate plan. Here are 10 common mistakes that advisors should discuss with their clients. Source: Photo Gallery: Top 10 Beneficiary Designation...
by Dave Duringer - Protective Law Corp | Jun 23, 2016 | Estate Planning, Tax Planning
About 2,500 years ago, the coolest kids wanted to be either generals or philosophers – or both – like Sun Tzu. That’s when Sun Tzu wrote his famous book of strategy, The Art of War.You may know that the book and its timeless lessons have been studied at West...
by Dave Duringer - Protective Law Corp | Jun 20, 2016 | Retirement Planning
The individual retirement account market, which now accounts for over $7 trillion in assets, is undergoing some significant changes. There are now a number of IRA custodians that permit investments in private placements, real estate and other non-publicly traded...
by Dave Duringer - Protective Law Corp | Jun 16, 2016 | Career Maintenance, Career Preparation, Family Maintenance, Family Protection, Health Planning, Retirement Planning
Women who put in long hours in their careers greatly increase their risk of developing life-threatening illnesses, including heart disease and cancer, a new study has shown. Source: Working long hours harms women but protects men, study shows If attacked, do you want...
by Dave Duringer - Protective Law Corp | Jun 16, 2016 | Archived, Family Maintenance, Family Protection, Health Planning, Religious Faith
But now a new study by the Centre for Cardiac Research at the University of Manchester has shown that cells from a failing heart actually survive for longer when they are given a Viagra-like drug which is normally used to treat impotence in men. Source: Erectile...
by Dave Duringer - Protective Law Corp | Jun 11, 2016 | Estate Planning, Family Protection, Firearm Legacy, Health Planning, Retirement Planning
Good article, points out some real problems: “Shooting is about his only interest in life,” said JoAnne Schnepp, who has avoided broaching the topic with her husband, though she knows his physical and mental abilities are likely to decline. “Then I will have to look...
by Dave Duringer - Protective Law Corp | Jun 8, 2016 | Asset Protection, Creditors & Predators, Family Protection
News9.com – Oklahoma City, OK – News, Weather, Video and Sports | Yet another reason to avoid outright distributions in your estate plan: It’s called an ERAD, or Electronic Recovery and Access to Data machine, and state police began using 16 of them...
by Dave Duringer - Protective Law Corp | Jun 8, 2016 | Asset Protection, Creditors & Predators, Estate Planning, Spendthrift Children, Tax Planning
Here are the six primary benefits of a lifetime discretionary trust: 1. Protection From Liabilities An inheritance that goes directly into the beneficiary’s pocket is readily available to pay the beneficiary’s liabilities from a car accident, in bankruptcy, or after a...
by Dave Duringer - Protective Law Corp | Jun 6, 2016 | News & Commentary, Retirement Planning
The lawsuit argues that the DOL rule uses an overly broad definition of “fiduciary,” one that is very different from that used in securities laws. It also contends that the agency has no regulatory or enforcement authority over Individual Retirement Accounts; that...
by Dave Duringer - Protective Law Corp | Jun 6, 2016 | Asset Protection, Retirement Planning
Let’s start by focusing on the income of the top 1 percent of Americans, compared to that of the top 10 percent. As of 2014, a household needed an annual income of at least $423,090 to be in the first group, about 3.5 times the threshold for the second group,...
by Dave Duringer - Protective Law Corp | Jun 5, 2016 | Health Planning
Doctors have reversed the symptoms of stroke in a major medical breakthrough.Patients regained the ability to walk, speak and have a normal family life, thanks to a procedure requiring only local anaesthetic and a single night in hospital. …. Previous trials...
by Dave Duringer - Protective Law Corp | Jun 5, 2016 | Asset Protection, Retirement Planning
Which living artists sell for top prices at auction? Based on five years’ worth of auction sales from the artnet Auction Price Database, we bring you these exclusive lists, which includes updated data from the same roundup last year. Two sets of data are...
by Dave Duringer - Protective Law Corp | May 31, 2016 | Health Planning
A standard brain scanning technique is showing promise for helping doctors distinguish between patients in a vegetative state and those with hidden signs of consciousness. Source: News from The Associated Press If attacked, do you want to be Victor or Victim? At...
by Dave Duringer - Protective Law Corp | May 31, 2016 | Retirement Planning, Tax Planning, Venture Protection
What Is a Tax Inversion? A tax inversion involves a corporate deal between a U.S. corporation and a foreign corporation. For this purpose, the foreign corporation purchases the U.S. corporation. These deals sometimes involve a purchase of the U.S. corporation’s stock...
by Dave Duringer - Protective Law Corp | May 31, 2016 | Retirement Planning
The uber wealthy aren’t better investors than the merely affluent, and many make the exact same mistakes as those with far lower net worth. According to a new survey from the deVere Group of 652 high-net-worth clients worldwide, more than a quarter of them (27...
by Dave Duringer - Protective Law Corp | May 31, 2016 | Retirement Planning
Means testing to attain Social Security benefits may be on the docket for the future.Those of us who counsel clients on Social Security understand firsthand the long-term effect of Congress’ recent elimination of the File and Suspend and Restricted Application claim...
by Dave Duringer - Protective Law Corp | May 24, 2016 | Retirement Planning
From vision and hearing impairments to muscle loss, the Genworth R70i Aging Experience allows people to step into a future version of themselves to experience the physical effects of aging. Take a tour of the suit to learn more about its features. If attacked, do you...
by Dave Duringer - Protective Law Corp | May 24, 2016 | Income Tax, Tax Planning
Colorado and Maine may raise taxes on top earners, while Minnesota is looking to apply the state’s Social Security tax to high incomes to care for senior citizens and people with disabilities. California voters could extend by 12 years a soon-to-expire income-tax...
by Dave Duringer - Protective Law Corp | May 24, 2016 | Archived, Estate Planning, Tax Planning
The 2016 U.S. Trust Insights on Wealth and Worth® survey explores who the wealthy are, where they came from, how they built and are sustaining their wealth and what they want to do with it. The survey revealed common success traits that create a picture of modern day...
by Dave Duringer - Protective Law Corp | May 24, 2016 | Health Planning
Eating curry at least once a week may help to stave off dementia, new research suggests. Source: Eating curry may help fight off dementia, new study suggests If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed....
by Dave Duringer - Protective Law Corp | May 16, 2016 | Charity, Estate Tax, Gift Tax, Income Tax, Property Tax, Religious Faith, Tax Planning
Through our work with the Andersons, Pitcairn has seen firsthand how a family can build a lasting philanthropic legacy, and we’ve identified five key traits that contributed to their success. We believe other wealthy families can better achieve their own philanthropic...
by Dave Duringer - Protective Law Corp | May 8, 2016 | Asset Protection, Estate Planning, Family Maintenance, Family Protection
This Sunday is Mother’s Day, and while Americans don’t think much of it as a holiday, most still believe that being a mother is the most important role a woman can play. Source: 60% of Women See Motherhood As Most Important Role – Rasmussen Reports™ If attacked,...
by Dave Duringer - Protective Law Corp | May 6, 2016 | Dying Embarrassed, Health Planning, Horror Stories, Retirement Planning
“The heating/cooling system in this senior citizen complex is recklessly configured putting this low income, senior citizen population at great risk. In order to cut corners on cost, the owner and management company are responsible for the death of Neal...
by Dave Duringer - Protective Law Corp | Apr 30, 2016 | News & Commentary, Retirement Planning
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Apr 26, 2016 | Health Planning
Old people’s wards are hell for old people. Geriatric wards are bedlam, bonkers, bananas. A toothless woman screaming when left alone, a cry that reaches the high hospital ceiling. A woman effing and blinding – the polite curtain will not protect her from the...
by Dave Duringer - Protective Law Corp | Apr 25, 2016 | Health Planning
Advance directives enable individuals to exercise control over their futures and ensure that the care they receive at the end of their lives pursuant to their wishes. Yet, the majority of individuals have not taken advantage of advance directives and the opportunity...
by Dave Duringer - Protective Law Corp | Apr 21, 2016 | Gift Tax, Tax Planning
http://leimbergservices.com/rss/Keebler-CCA201614036.mp3 A recent Chief Counsel Advice, CCA 201614036, addressed the issue of what assessment statute expiration date (ASED) period would apply in regard to gift tax returns understated due to the domino effect of...
by Dave Duringer - Protective Law Corp | Apr 21, 2016 | Retirement Planning
The number of centenarians will grow from about 451,000 in 2015 to about 3,676,000 in 2050, according to a report released Thursday by the Washington D.C.-based think tank Pew Research Center. This means that while last year there were just 7.4 centenarians per every...
by Dave Duringer - Protective Law Corp | Apr 15, 2016 | Archived, Retirement Planning
The Department of Labor’s final fiduciary rule, released Wednesday, differed enough from the proposed version that the DOL felt compelled to publish a lengthy chart detailing where the two diverged. Source: Did the DOL Gut the Fiduciary Rule, or Save It? If attacked,...
by Dave Duringer - Protective Law Corp | Apr 15, 2016 | Asset Protection, Creditors & Predators, Income Tax, Tax Planning
http://leimbergservices.com/rss/Keebler-PLR201614007.mp3 The IRS has approved another non-grantor, incomplete gift trust. NINGs, DINGs, etc., are useful to avoid high state income taxes and are also useful for asset protection. See PLR 201614007. If attacked, do you...
by Dave Duringer - Protective Law Corp | Apr 12, 2016 | Asset Protection, Creditors & Predators, News & Commentary
Asset protection — nowadays, it’s not just for doctors and business owners: WASHINGTON (Reuters) – Law enforcement officers in the United States are increasingly buying professional liability insurance policies amid worries they may be sued for their...
by Dave Duringer - Protective Law Corp | Apr 12, 2016 | Creditors & Predators
Consider asset protection for surviving spouse and children, in your plan and that of your parents: Seniors are more likely to be targeted by fraudsters for a number of reasons. They tend to have more money saved up and they may be more vulnerable due to cognitive...
by Dave Duringer - Protective Law Corp | Apr 10, 2016 | Health Planning
Remember to finish that estate plan that you started, and the health care directive, too! Protect.LIFE If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect...
by Dave Duringer - Protective Law Corp | Apr 7, 2016 | Archived, Retirement Planning
Fact Sheet Department of Labor Finalizes Rule to Address Conflicts of Interest in Retirement Advice, Saving Middle-Class Families Billions of Dollars Every Year U.S. Department of Labor Employee Benefits Security Administration I. Summary Since 1974, when Congress...
by Dave Duringer - Protective Law Corp | Apr 6, 2016 | Health Planning, News & Commentary
Give a mouse a cookie, it’ll want a glass of milk: Doctors should have the right to take organs from patients who want to die so they can be used in transplant surgery, a prominent medical researcher has suggested. Those who want to be killed should be sedated...
by Dave Duringer - Protective Law Corp | Apr 5, 2016 | Asset Protection, Creditors & Predators
Mossack created bespoke shell companies, often located in international tax havens like the British Virgin Islands, Panama and the Bahamas, for wealthy clients looking to house assets in secret. Transactions generally occurred through a series of intermediaries to...
by Dave Duringer - Protective Law Corp | Mar 15, 2016 | Estate Admin, Estate Tax, Probate Admin, Tax Planning, Trust Admin
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by Dave Duringer - Protective Law Corp | Mar 11, 2016 | Health Planning
The family of a man who was shot dead decided not to opt for a coffin and instead sat him up on a chair, cigarette in hand and with his eyes wide open to pay their last respects. Source: Murdered man attends OWN funeral propped up in chair holding a cigarette with his...
by Dave Duringer - Protective Law Corp | Mar 2, 2016 | Health Planning, News & Commentary
Alzheimer’s disease could be definitively diagnosed for the first time after scientists proved brain scans can pick up the condition in its earliest stages. Source: Brain scan to diagnose Alzheimer’s disease developed by scientists – Telegraph If attacked,...
by Dave Duringer - Protective Law Corp | Mar 2, 2016 | Asset Protection, News & Commentary
Specifically, the study found that Oppenheimer & Co., Wells Fargo Advisors Financial Network, and First Allied Securities had the highest rates of advisors with disclosure events on their records. Meanwhile, the ratio at Morgan Stanley was the lowest, at less than...
by Dave Duringer - Protective Law Corp | Mar 1, 2016 | Dying Embarrassed, Family Protection, Health Planning, Horror Stories, News & Commentary
Avoid embarrassment: http://SacredHonor.US Spike in cases is tied to social media related hook-ups, less condom use and other factors Source: Syphilis outbreak sparks concerns in Las Vegas – CBS News If attacked, do you want to be Victor or Victim? At...
by Dave Duringer - Protective Law Corp | Feb 15, 2016 | Health Planning
Put YOUR words down in your family constitution, before you lose them: A mysterious brain disorder can be confused with early Alzheimer’s disease although it isn’t robbing patients of their memories but of the words to talk about them. It’s called...
by Dave Duringer - Protective Law Corp | Feb 10, 2016 | Asset Protection, Creditors & Predators, Retirement Planning
There are several states, notably California, that have become increasingly aggressive in pursuing traditional IRA assets in liability cases. Accordingly, investors should seek to keep as much as possible in segregated ERISA-sponsored retirement investments, as they...
by Dave Duringer - Protective Law Corp | Feb 10, 2016 | Estate Admin, Estate Tax, Tax Planning, Trust Admin
The instructions for Form 8971 (report of final estate value for assets to be distributed) are not exactly clear on whether the form must be filed where an estate tax return (706) is filed merely for porting deceased spousal unused exclusion amount (DSUEA): The filing...
by Dave Duringer - Protective Law Corp | Jan 30, 2016 | Tax Planning
After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming...
by Dave Duringer - Protective Law Corp | Jan 25, 2016 | Health Planning, News & Commentary
Something to think about when filling out that trust mill health care directive: They’d be just like … ice cream trucks. Source: British Columnist Katie Hopkins Wants ‘Euthanasia Vans’ Because There Are ‘Too Many Old People’ If...
by Dave Duringer - Protective Law Corp | Jan 1, 2016 | Health Planning
Scientists from the Research Institute for the Care of Older People (RICE), claim the new vaccine may be able to slow the progression of the disease. The Source: Hope for Alzheimer’s sufferers as first ever vaccine ‘removes tangles in the brain’ |...