by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Archived, Estate Admin, Estate Planning, Estate Tax, Gift Tax, Income Tax, Probate Admin, Tax Planning, Trust Admin
Significant coverage was devoted at the recently concluded 51st Annual Heckerling Institute on Estate Planning in Orlando, Fla. to the Internal Revenue Service’s proposed regulations (proposed regs) concerning basis consistency and reporting for property...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Archived, Retirement Planning
This year, investors have poured a combined $2.4 billion into three exchange-traded funds focused on banks — State Street Corp.’s Financial Select Sector SPDR fund, ticker XLF, BlackRock Inc.’s iShares U.S. Financials ETF, ticker IYF, and the Vanguard...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Estate Planning, Health Planning
As we like to say in firearm training, there is no such thing as an accident — only negligence. (Or intent.} What are your end-of-life instructions? Get a free living will by attending our free estate planning seminar. A subsequent post-mortem later concluded...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Retirement Planning
For previous generations, retiring by age 65 with a nice pension was practically a guarantee. For the modern workforce, retirement age — and the concept of retirement itself — is a little more uncertain. In fact, a recent Merrill Edge report found that 83% of...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Asset Protection, Estate Planning, Family Protection
We spent nowhere near this, and are doing fine. According to The Knot, the average wedding in the U.S. costs approximately $33,000, but there’s tremendous regional variation. In New York, for example, weddings cost an average of $82,000. Source: Parents Are...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Asset Protection, Estate Planning, Family Protection
Being a smoker is far from the only worrying thing of Danny, the character played by Jack (son of Tim) Roth in the new horror-thriller, Us and Them. Danny is a working-class kid who is tired of the rough deal he faces and plans to start a revolution by streaming...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Estate Planning, Family Protection
Shoot, they can get a FREE nomination of guardians just by attending our free estate planning seminar. Parents who immigrated illegally to the United States and now fear deportation under the Trump administration are inundating immigration advocates with...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Estate Planning, News & Commentary
Overwhelmed by too much information? Simply click on the red bell icon in the lower left corner of your browser (Chrome and Firefox) to subscribe and you will receive just a few, occasional, high-priority push notifications in your browser. You can easily unsubscribe...
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | Archived, News & Commentary
by Dave Duringer - Protective Law Corp | Mar 3, 2017 | News & Commentary
A disgraced former reporter was arrested by the Federal Bureau of Investigation Friday for several bomb threats to Jewish Community Centers, Jewish schools and Jewish museums around the country. Source: Man Arrested For Jewish Community Center Bomb Threats |...
by Dave Duringer - Protective Law Corp | Mar 2, 2017 | Estate Planning
The following is an outline of a formula we lifted directly from our affluent research on how to establish and strengthen an emotional connection with clients. Source: Emotionally Connecting with Clients
by Dave Duringer - Protective Law Corp | Mar 2, 2017 | News & Commentary
Education Secretary Betsy DeVos was widely criticized when during her confirmation hearing she was challenged by Connecticut Sen. Chris Murphy (D.) whether guns should be allowed “in or around schools,” and she posited that some schools in...
by Dave Duringer - Protective Law Corp | Mar 1, 2017 | Archived, Asset Protection, Retirement Planning
“Robo-advisors are expected to be the big winners with the DOL’s fiduciary rule,” says Jo-el Meyer, managing editor of pensions & benefits at Bloomberg Law.“During the development of the rule, the DOL often pointed to robo-advisors as the future of...
by Dave Duringer - Protective Law Corp | Feb 28, 2017 | News & Commentary
If he continues like this, there could be a new face on Mount Rushmore in the future. Source: The greatest start for any modern president
by Dave Duringer - Protective Law Corp | Feb 28, 2017 | Dying Embarrassed, Horror Stories
SINGAPORE — “Help me take a Snapchat video and I’ll jump.”Those were the last words of 17-year-old Jonathan Chow before he vaulted over a barrier at Orchard Central and fell four floors to his death last Friday Source: Teen who fell to death from Orchard...
by Dave Duringer - Protective Law Corp | Feb 28, 2017 | Dying Embarrassed, Horror Stories
The chilling image shows four women stranded on a rock in rapids seconds before a dam’s floodgates were opened, sweeping one of the girls to her death.The group was reportedly seen holding selfie sticks when the five-minute warning siren for the floodgates...
by Dave Duringer - Protective Law Corp | Feb 28, 2017 | News & Commentary
And Family Protection is my business. Dog and Beth articulate well my sentiments — watch the video below. “Crime and punishment has run amok in America,” Beth said. “We have far too much crime, we have too much ‘hug a thug’ campaigns going on. If we...
by Dave Duringer - Protective Law Corp | Feb 28, 2017 | News & Commentary
More about the Tyrant Registry here. The Tyrant Registry provide names, addresses, etc., of California legislators who voted for extreme gun control measures. SACRAMENTO, CA and FRESNO, CA (February 27, 2017) — Earlier today Judge Lawrence J. O’Neill, Chief Judge of...
by Dave Duringer - Protective Law Corp | Feb 28, 2017 | Archived, News & Commentary
The OC Fair & Event Center has closed the fairgrounds in Costa Mesa the entire weekend of March 25-26, fearing violence may attend a planned Trump march that weekend. A list of canceled events at the fairgrounds include the Orange County Wine Society’s Wine...
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 26, 2017 | Estate Planning, Health Planning
“We don’t know if we’re going to get Alzheimer’s or anything like that. I think the best thing is to have your team of advisers. 30’s, 40’s, 50’s, is a good time to meet with an attorney, get estate planning documents put in place so there’s someone to act on...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Asset Protection, Creditors & Predators, Estate Planning
Article’s tone is rosy, but there are a lot of concerns here. In addition to the seasoning requirement in the asset protection trust statute of the trust situs, there is a ten year seasoning under US bankruptcy law, plus this is CA realty owned by a CA...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | News & Commentary
“We are not calling for the slaughter of white people‚ at least for now,” he added, with the genocidal threat sparking alarm among whites and blacks across South Africa. Source: New ‘preppers’ strategize to defeat genocide
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | News & Commentary
While generally a bad thing in shall-issue jurisdictions, disclosure can be a good thing in restrictive may-issue jurisdictions. “We try and balance the needs of the public and the people who want or need access to the information to ensure everyone’s safety,”...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Charity, Estate Planning, Family Protection, Tax Planning
Over 2,300 years ago, Aristotle commented on the challenges one faces when considering how to make larger charitable gifts:To give away money is an easy matter and in anyone’s power, but to decide to whom to give it, how much to give, when to give, and to give for the...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Asset Protection, Estate Planning, Estate Tax, Family Protection, Tax Planning, Trust Admin
Valid point, especially now that the estate tax beast so rarely bites and may soon be destroyed. The article points out a few reasons for having life insurance, but omits some important ones such as estate creation for young families. Thus, the biggest lie in...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Estate Planning, Estate Planning Movies, Family Protection
Manchester by the Sea isn’t the first time Hollywood has built compelling stories hinging on the death of a loved one followed by the revelation that an unlikely or ill-suited guardian has been named to care for the deceased’s surviving offspring. Baby Boom...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Archived, Estate Planning, Estate Tax, Tax Planning
The arguments set forth in this Bloomberg article for keeping the death tax are weak (compare this other recent Bloomberg article pointing out the role inheritance plays in keeping whites richer than blacks), but the article comes close to making an important point so...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Creditors & Predators, Estate Planning, Tax Planning, Trust Admin
The Bespoke Trust Protector – Tailoring the Protector's Role from Matthew McClintock WealthCounsel VP Matt McClintock has been at the forefront in this cutting edge planning area — adapting the age-old concept of trust protector, commonly used in...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Archived, Estate Admin, Estate Planning, Horror Stories, Probate Admin, Trust Admin
According to the article, Bowie admitted to being “incredibly promiscuous” — yikes, bad planning or no planning here to avoid pretermitted child claims. Anyone who believes they are David Bowie’s secret love child should make their case...
by Dave Duringer - Protective Law Corp | Feb 26, 2017 | Archived, Asset Protection, Creditors & Predators, Retirement Planning
That adds up to £240,000 a year and will amount to a £2.16million fortune by the time of his anticipated release.Under America’s Employee Retirement Income Security Act, the pension cannot be touched by creditors, despite Simpson owing almost £27million....
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Estate Admin, Estate Planning, Trust Admin
A survey of fees charged by some major trust companies. Fees and minimums vary quite a bit. Trust fees are headed higher according to our pricing survey completed this week. Some firms work strictly from a rate card. Others decide what your client will pay when...
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Estate Planning, Estate Tax, Tax Planning
The name is Wiener, of course. SACRAMENTO, Calif. (CN) – Warding against the possibility of Congress nixing a lucrative federal estate tax, a California lawmaker on Tuesday announced a measure to ask voters to approve a mirroring state version. Source: Calif....
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Estate Planning, Estate Tax, Gift Tax, Income Tax, Tax Planning
In Private Letter Ruling 201707008 (released Feb. 17, 2017), the Internal Revenue Service ruled that a wife wouldn’t recognize gain or loss from her husband’s transfer of property to a trust for her benefit under a proposed divorce settlement agreement....
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Estate Planning
Insurance is a form of risk management, designed to minimize the loss associated with certain events like flood, fire, accidents, disability, and even death. Most insurance requires an agent and the payment of premiums. However, there is a type of insurance...
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Operation & Governance, Regulatory Compliance, Venture Protection
Since day one, President Donald J. Trump has been cutting regulatory red tape in Washington in order to help the American people and increase efficiency. Costly regulations and job-stifling bureaucratic red tape have held back the American economy for far too...
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Asset Protection, Estate Planning, Estate Tax, Income Tax, Tax Planning
Utility indeed, especially with added flexibility of the Clayton election and other precautionary provisions. Many of our married clients have structured their estate plans to apply the federal estate tax exclusion amount to create a trust for the benefit of their...
by Dave Duringer - Protective Law Corp | Feb 25, 2017 | Firearm Legacy, Firearm Training
Just a few notes from my recent private training at Front Sight last weekend, February 18th and 19th. I had hoped to DG and then aggressively plunge into my first foray in the tactical arena, but due to my feeling a bit under the weather, plus the actual weather...
by Dave Duringer - Protective Law Corp | Feb 20, 2017 | News & Commentary
OFFICIALS in the Swedish government have been accused of “covering up” migrant rape and refugee violence for the sake of appearing politically correct in a Fox News broadcast. Source: Fox News hears Sweden ‘covers up’ refugee rape and...
by Dave Duringer - Protective Law Corp | Feb 16, 2017 | Firearm Training
by Dave Duringer - Protective Law Corp | Feb 15, 2017 | Asset Protection, Estate Planning, Family Protection, Firearm Legacy, Tax Planning
Tax savings aside, keep in mind that citizenship renunciants are not only prohibited from possessing firearms, but also are prohibited from hiring armed bodyguards. Why? It all goes back to the Civil War, and to a tax meant to deter potential draft dodgers from...
by Dave Duringer - Protective Law Corp | Feb 15, 2017 | Business Succession, Estate Planning, Venture Protection
Ten ways to plan strategically in the medium term so the business stays in the family for the long-term.PWC recently rolled out the 8th edition of their biannual Family Business Survey. One of the major themes of the study was a shocking inattention among...
by Dave Duringer - Protective Law Corp | Feb 15, 2017 | Asset Protection, Charity, Estate Planning, Family Protection, Tax Planning
DAF pros and cons Here are the advantages and disadvantages of using a DAF: Immediate tax deduction. Your contribution to the DAF is deductible in the tax year in which the initial contribution is made. You don’t have to wait until the fund makes distributions...
by Dave Duringer - Protective Law Corp | Feb 14, 2017 | Estate Planning, Tax Planning
How comforting — as dictators go, the IRS plays very fair in telegraphing its hand-wringing (chop-licking?): Every year, the Internal Revenue Service updates its list of topics on which it will:(1) not issue rulings, (2) ordinarily not issue rulings, and (3) not...
by Dave Duringer - Protective Law Corp | Feb 14, 2017 | Asset Protection, Estate Planning, Family Protection
Lesson Number Seven: Only travel where you are allowed to be armed (example: Costa Rica). Six pieces of advice you can offer your wealthy clients to help avoid trouble when they travel. Source: Six Lessons for Wealthy Clients From Kim Kardashian’s...
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 13, 2017 | News & Commentary
Two stories on “Ghost Guns” or “80% Guns” tell the tale of some fake news. The NBC story leaves the impression that all the parts needed to build an unregistered Ghost Gun are online, and all someone has to do is put all the parts together, and presto-changeo...
by Dave Duringer - Protective Law Corp | Feb 13, 2017 | Archived, News & Commentary
DOJ submitted the now withdrawn “assault weapon” regulations to OAL just before New Year’s Eve as “File and Print” only, meaning DOJ took the position that the regulations were exempt from public comment and should simply be published — as is. The...
by Dave Duringer - Protective Law Corp | Feb 13, 2017 | News & Commentary
It’s simple. Follow the money. Trump is for America First. Hollywood is against Trump because its markets are largely against Trump. Hollywood is not American, it’s cosmopolitan. While the American film market continues to experience relatively tepid...
by Dave Duringer - Protective Law Corp | Feb 13, 2017 | News & Commentary
That this would ever be an issue is amazing — though incredibly, I cannot be sure how Trump would come down on this absent pressure from the right. Washington, DC–Last Friday, President Trump’s Department of Justice announced that...