by Dave Duringer - Protective Law Corp | Mar 13, 2017 | Business Succession, Estate Planning, Family Protection, Financial Mentorship, Venture Protection
One common misconception is that sheltering the younger generation from knowing about the magnitude of the family wealth is in their best interest. Contrary to such opinion, the survey found that it’s important to teach children and grandchildren the family’s...
by Dave Duringer - Protective Law Corp | Mar 7, 2017 | Asset Protection, Business Succession, Estate Planning, Family Protection, Financial Mentorship, Venture Protection
Seems like just about every college has gone full marxist these days, and as a conservative I bristle at the idea that families really need those loons. This article makes a pretty good case that we all benefit from an academia attentive to Family Business....
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Asset Protection, Estate Planning, Financial Mentorship
Say you do not have a will. You’re unlikely to go get one today, Ariely said. But you could say that by the end of the month you’ll find a lawyer and make an appointment.If you write down the steps and set a timeline, it is not a guarantee you’ll do that task,...
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 | Business Succession, Career Maintenance, Career Preparation, Estate Planning, Family Protection, Financial Mentorship, Venture Protection
So how does someone determine if he is “too old” to make independence work? It really comes down to a few key characteristics shared by those advisors who took the leap: They really wanted it. They believed in their ability to migrate clients and grow. They had...
by Dave Duringer - Protective Law Corp | Feb 8, 2017 | Asset Protection, Creditors & Predators, Estate Planning, Family Protection, Financial Mentorship
I don’t agree with everything in this article, but it does make a good point about the lack of estate planning. It is surprisingly tough sometimes to get families to consider holding funds in trust to prevent kids from blowing their inheritance, and I can...
by Dave Duringer - Protective Law Corp | 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 - Protective Law Corp | Jan 14, 2017 | Business Succession, Career Preparation, Estate Planning, Family Protection, Financial Mentorship, Firearm Legacy, Venture Protection
[bctt tweet=”.@realdonaldtrump: You’ll say Mr. Pres we win #2A much, can’t take it & I’ll say #MAGA” username=”guntrust”] Trump’s legacy of winning is motivational for any individual, family, business or country....
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 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 - 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:...
by Dave Duringer - Protective Law Corp | 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 - Protective Law Corp | 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 - Protective Law Corp | 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 - Protective Law Corp | 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 Assets
by Dave Duringer - Protective Law Corp | 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 - Protective Law Corp | 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 - Protective Law Corp | 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 - Protective Law Corp | 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...