by Dave Duringer - Protective Law Corp | May 15, 2017 | Career Maintenance, Career Preparation, Charity, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Firearm Training, Punishment, Religious Faith
Great article. Personally, I call my practice “family protection” law and the author appears to be on the same page as me. In its most fundamental state, estate planning should support the family (or the individual) first, and thereafter concern...
by Dave Duringer - Protective Law Corp | May 15, 2017 | Career Maintenance, Career Preparation, Charity, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Punishment, Religious Faith
Among affluent families, the disconnect between what their current wealth transfer planning does, and what they want their planning to do, is staggering. While 75 percent of wealthy parents say it’s important to leave an inheritance to the next generation, only...
by Dave Duringer - Protective Law Corp | Apr 23, 2017 | Asset Protection, Career Preparation, Creditors & Predators, Estate Planning, Family Maintenance, Family Protection, Spendthrift Children
Are 72 virgins really enough? What if they turn out to be 72 Virginians? If you are bound and determined to blow yourself into smithereens or commit some other irrevocable act of terror, at least buy some life insurance so your (surviving) descendants can live like...
by Dave Duringer - Protective Law Corp | Apr 20, 2017 | Career Maintenance, Career Preparation, Estate Planning, Family Maintenance, Family Protection
The Number 1 living arrangement today for Americans in the 18-to-34 age bracket, according to the Census Bureau, is to reside without a spouse in their parents’ home. Source: Census: More Americans 18-to-34 Now Live With Parents Than With...
by Dave Duringer - Protective Law Corp | Apr 11, 2017 | Asset Protection, Career Preparation, Creditors & Predators, Family Maintenance, Family Protection, Spendthrift Children
Regardless of the tax implications, there are several nontax reasons to set up a dynasty trust. First, you can designate the beneficiaries of the trust assets spanning multiple generations. Typically, you might provide for the assets to follow a line of...
by Dave Duringer - Protective Law Corp | Mar 29, 2017 | Family Maintenance, Family Protection, Religious Faith
Mainstream medicine simply won’t go here, however, as compelling as the evidence is. So “we the people” need to guide our nation and communities back to sense about the perils of homosexuality and gender confusion, especially to our children. Source:...
by Dave Duringer - Protective Law Corp | Mar 28, 2017 | Business Succession, Career Maintenance, Career Preparation, Charity, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Pet Protection, Punishment, Religious Faith
Over the next 20 years, $30 trillion dollars could be transferred from the current generation to the next, making now a critical time for advisors to discuss multigenerational planning with high net worth clients. Along with planning for the financial...
by Dave Duringer - Protective Law Corp | Mar 17, 2017 | Asset Protection, Estate Planning, Family Maintenance, Family Protection
There are many ways to prevent a child’s spouse from becoming a “creditor” of a family-owned business. Below are three common ways to protect the family-owned business: Source: How to protect your family-owned business from your child’s spouse | Thompson Coburn...
by Dave Duringer - Protective Law Corp | Mar 8, 2017 | Estate Planning, Family Maintenance, Family Protection
Now, I’m going to suggest a crazy dating concept in the 21st Century that might get you to the finish line without any wounds! Wait until you’ve got the full commitment! Make him put a ring on it first. I know one girl who is waiting until she gets married to...
by Dave Duringer - Protective Law Corp | Mar 5, 2017 | Estate Planning, Family Maintenance, Family Protection
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: Such disputes often occur among the not-so-rich and-famous as well: More than one-third (35%) of respondents have either personally experienced, or known someone who has...
by Dave Duringer - Protective Law Corp | Feb 14, 2017 | Asset Protection, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Tax Planning
As Valentine’s Day brings heart-shaped chocolate boxes and roses by the dozen into your clients’ imaginations, seize the moment to educate them about the drawbacks of “I love you” wills and introduce them to the estate planning move that’s actually going to...
by Dave Duringer - Protective Law Corp | Feb 10, 2017 | Business Succession, Career Maintenance, Career Preparation, Charity, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Firearm Training, Punishment, Religious Faith, Spendthrift Children
Good discussion of incentive trust planning: Many subjects that serve as substantial planning motivators aren’t found on client questionnaires and are frequently absent from planning discussions. Source: The Other Reasons For Estate Planning (Well actually, we...
by Dave Duringer - Protective Law Corp | Feb 10, 2017 | Asset Protection, Business Succession, Career Preparation, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Income Tax, Tax Planning, Venture Protection
This article raises important points — plan for the long-term and don’t let taxes direct the planning over more important goals — plus it’s a good review of the many benefits of life insurance. But as I’ve previously noted, the...
by Dave Duringer - Protective Law Corp | Feb 9, 2017 | Estate Planning, Family Maintenance, Family Protection
Consider also that your estate plan can include incentives to help your kids and grandkids stay married. Having a child puts a strain on relationships, but staying in an unhappy marriage is the best thing you can do for its long-term success, according to a...
by Dave Duringer - Protective Law Corp | Feb 9, 2017 | Estate Planning, Family Maintenance, Family Protection
Recovered at a local pawn shop. Who will handle your jewelry, firearms, other important heirlooms? Are they trustworthy? Nicole Sarber, the owner of the heirloom ring from 1892, went public with her ordeal. Sarber’s boyfriend gave the ring to Cervantes, a jeweler and...
by Dave Duringer - Protective Law Corp | Jan 14, 2017 | Family Maintenance
by Dave Duringer - Protective Law Corp | Jan 13, 2017 | Estate Planning, Family Maintenance, Family Protection, Religious Faith
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by Dave Duringer - Protective Law Corp | Jan 13, 2017 | Asset Protection, Business Succession, Career Maintenance, Career Preparation, Creditors & Predators, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Financial Mentorship, Gift Tax, Income Tax, Retirement Planning, Tax Planning, Venture Protection
Among the chief goals of succession planning is providing continuity of management and minimizing the tax costs of transferring property interests to new generations.Source: Six Things Family-Owned Firms Should Know About Succession Planning
by Dave Duringer - Protective Law Corp | Jan 12, 2017 | Career Maintenance, Career Preparation, Charity, Family Maintenance, Family Protection, Firearm Legacy, Punishment, Religious Faith
And don’t forget it also bars you from possessing a firearm, under at least federal law. Marijuana does raise the risk of getting schizophrenia and triggers heart attacks, according to the most significant study on the drug’s effects to date....
by Dave Duringer - Protective Law Corp | Jan 2, 2017 | Asset Protection, Career Preparation, Creditors & Predators, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Firearm Training, Religious Faith
A truly nerdy advisor with too much time on his hands put this together. Why nothing on Star Trek TOS? In preparation for “Rogue One: A Star Wars Story,” here are 15 lessons from the film series to help you be a financial planning Jedi. Source:...