by Dave Duringer | Feb 3, 2017 | Asset Protection, Creditors & Predators, Estate Planning, Financial Mentorship, Retirement Planning, Spendthrift Children
Luck all around, despite the bad planning. Carrie had formal next of kin, daughter Billie Lourd, who inherits the house, the money and presumably the French bulldog even if the outspoken and occasionally erratic actress forgot to leave a valid will behind....
by Dave Duringer | Jan 14, 2017 | Business Succession, Career Preparation, Estate Planning, Family Protection, Financial Mentorship, Firearm Legacy, Venture Protection
.@realdonaldtrump: You'll say Mr. Pres we win #2A much, can't take it & I'll say #MAGA Click To Tweet Trump’s legacy of winning is motivational for any individual, family, business or country. Learn about incentive trust planning...
by Dave Duringer | Jan 13, 2017 | Asset Protection, Business Succession, Career Maintenance, Career Preparation, Creditors & Predators, Death Tax, Estate Planning, 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...
by Dave Duringer | Jan 2, 2017 | Asset Protection, Estate Planning, Family Protection, Financial Mentorship, Retirement Planning
“From triple X leveraged products to Vanguard, Millennials have shown they favor the extremes in terms of their growing ETF usage,” said Bloomberg Intelligence ETF Analyst Eric Balchunas. “However, when it comes to calling the Trump rally,...
by Dave Duringer | 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:...
by Dave Duringer | Dec 28, 2016 | Business Succession, Buying or Selling a Closely Held Business, Estate Planning, Family Protection, Financial Mentorship, Venture Protection
(Get your parents into our free 2-hour estate plan design meeting.)
by Dave Duringer | Dec 5, 2016 | Asset Protection, Business Succession, Career Preparation, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Venture Protection
Family businesses spend an extraordinary amount of time and capital (financial, human and intellectual) on skill building and education within the family system. Rising members of the family system must master many different skills. Some of these skills can be...
by Dave Duringer | Nov 19, 2016 | Asset Protection, Business Succession, Career Maintenance, Career Preparation, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Venture Protection
When conflict arises between family and business goals, the natural inclination to minimize it can lead to a pattern of dysfunctional communication and greater conflict. The common practice of triangulation rarely leads to resolution of underlying issues and can be...
by Dave Duringer | Nov 7, 2016 | Asset Protection, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship
Here are six steps couples who live together and are committed to each other, who are engaged or who are newly married may not realize they should take when merging assets: Source: Six Steps Couples Should Take When Merging...
by Dave Duringer | Nov 6, 2016 | Asset Protection, Estate Planning, Family Protection, Financial Mentorship
Millennials may strive for financial independence, but as a whole, they’ve been slow to break out on their own. According to Fidelity Investments’ Millennial Money Study, nearly half (47 percent) of millennials still have their parents pay for certain...
by Dave Duringer | Oct 20, 2016 | Archived, Asset Protection, Estate Planning, Family Protection, Financial Mentorship, Firearm Legacy, Firearm Training
The “hobo code” helped poor people in the 19th and 20th centuries and may help yours in the 21st, depending on the election results next month. If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And...
by Dave Duringer | Oct 15, 2016 | Asset Protection, Estate Planning, Family Protection, Financial Mentorship
According to the above chart, US does great at wealth creation (compared to other socialist countries), but we need to learn a thing or two from Europeans about keeping it in the family, i.e., financial mentorship. The study attributes the down year to a combination...
by Dave Duringer | Sep 26, 2016 | Charity, Estate Planning, Family Protection, Financial Mentorship
You have read at www.SacredHonor.US about the F.I.R.S.T. Family Trust and how it can be used to pass on values such as charity and financial mentorship. Here is an example of both in action: Zak Williams, son of Robin Williams, is co-teaching a financial literacy...
by Dave Duringer | Sep 20, 2016 | Archived, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Religious Faith
In failing to deny he is voting for Hillary, the senior Bush has utterly destroyed any remaining political legacy for his entire family. Maybe another legacy is more important — a financial one, perhaps? Many former GOP officials from both Bush administrations...
by Dave Duringer | Aug 28, 2016 | Family Protection, Financial Mentorship, Firearm Legacy
While Gov. Terry Branstad has often held up his support of pro-gun issues, he agreed with the Fair Board’s current rule, saying concealed carry by the public isn’t needed at the event. Source: Iowa State Fair to remain free of lawfully carried guns, for now As the...
by Dave Duringer | Aug 15, 2016 | Asset Protection, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship
Why place so much significance on a first conversation often held in a conference room? Because the succession of financial stewardship within families has a 70 percent failure rate. But, how to preserve multi-generational wealth can be planned and taught—so the cycle...
by Dave Duringer | Jul 26, 2016 | Asset Protection, Creditors & Predators, Family Protection, Financial Mentorship, Spendthrift Children
As parents, our clients want the best for their children, perhaps especially when those children become adults. Learning good financial habits can be central to a successful and independent adulthood. Yet, most young adults feel they’re thrown into the world without...
by Dave Duringer | Jul 4, 2016 | Family Protection, Financial Mentorship, News & Commentary, Tax 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 | Jun 28, 2016 | Charity, Estate Planning, Financial Mentorship, Retirement Planning
And as younger collectors focus more on this asset class, their advisors need also to broaden their knowledge of the rules unique to this area and to their clients’ increased activity. Source: Six Characteristics of NextGen Art Collectors If attacked, do you want to...
by Dave Duringer | Aug 18, 2014 | Career Maintenance, Career Preparation, Charity, Family Maintenance, Financial Mentorship, Firearm Legacy, Pet Protection, Punishment, Religious Faith
If you have either life insurance or accumulated wealth, you may want to create a safety net for your children. Planning is critical if your children are young, in case something happens to you before they are ready to face life on their own without the benefit of...
