by Dave Duringer - Protective Law Corp | Dec 8, 2016 | Asset Protection, Income Tax, Tax Planning
Since the United States presidential election last month, some U.S. citizens have inquired about moving abroad. How we advise them depends on their objectives. Does the client merely want to live in another country for a limited number of years, or does she...
by Dave Duringer - Protective Law Corp | Dec 8, 2016 | Defensive Gun Use
Detectives said the dead man, identified as Julnord Vilsaint, 36, had approached three individuals who were barbecuing in front of their residence.Police said Vilsaint pointed a firearm toward the three individuals and demanded that they turn over their...
by Dave Duringer - Protective Law Corp | Dec 8, 2016 | Archived, Family Protection, Firearm Legacy, Firearm Training
Most likely this is great for gun rights. Just about every Marine I know is solidly in favor of widespread citizen carry. Soon we will have a voice at the cabinet level for the viewpoint expressed a few years ago by Interpol’s chief that armed citizens...
by Dave Duringer - Protective Law Corp | Dec 8, 2016 | Asset Protection, Creditors & Predators, Estate Planning, Spendthrift Children
During the 1930s, there was a spike in the number of trusts created as wealthy families responded to steep increases in federal gift and estate tax rates. These trusts are now approaching mandatory termination dates and advisors must consider how best to help...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Defensive Gun Use
This happened at a store location, but there have been so many cases over the years of pizza delivery employees defending themselves against robbers, only to be terminated later by employers, that I suppose it is a good sign of progress that corporate is leaving the...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Estate Planning, Family Protection, Firearm Legacy, Firearm Training
Congratulations, Lilly: Or, in the immortal words of British Army officer Charles Stedman: “The people of the colonies are accustomed to the use of fire-arms from their earliest youth, and are, in general, good marksmen. Such men, placed in a house, behind a wall, or...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Asset Protection
Hedge fund managers promise different strategies: Absolute returns, non-correlated returns, amplified returns – and exclusivity. The goal, many fund managers will say, is not to beat the market, but to provide a hedge, meaning access to uncorrelated...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Defensive Gun Use, Firearm Training
It’s nice when these struggles turn out ok, and in fact at least one study shows that victims disarm attackers more often than vice versa, but you cannot count on winning this way, so I am giving this homeowner a “Mo” for not being properly...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Family Protection, Religious Faith
The Australian cardinal, who spearheaded the Pope’s financial reforms in the Vatican and is a member of the Pope’s “C9” group of closest advisers, said that while Francis has “a prestige and popularity outside the Church” greater than perhaps any previous pope,...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Asset Protection
And while you are at it, protect your little ones, and learn the proper way to store a gun in your car or on your person: http://guntrust.org
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Defensive Gun Use
In spite of the apparent good result here, I’m giving the elderly homeowner a “Mo” mainly because he used a gun that he had never fired before, that had been sitting in his nightstand for 30 years. What a horrible example of intentional incompetence!...
by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Estate Planning, Family Protection, Religious Faith
Esolen recently penned two articles at Crisis magazine, the first in which he laments that his school – like many – has “succumbed to the totalitarian diversity cult.” Esolen observes that the “celebrate diversity” culture crowd is “at odds with…the diversity...
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 | Dec 5, 2016 | Career Preparation, News & Commentary
University of California Hastings College of the Law Dean Faigman has called out the Bar as a “trade association that masquerades as a state agency” and keeps bar exam pass rates unconscionably low. When I attended Hastings in the eighties, it was...
by Dave Duringer - Protective Law Corp | Dec 3, 2016 | Defensive Gun Use, Firearm Training
Despite the somewhat good outcome, I’m giving this carrier a “Mo” because despite “having the drop on” these robbers by observing them and affirmatively entering the store to intervene (all OK, as far as I can tell on these facts), the...
by Dave Duringer - Protective Law Corp | Dec 3, 2016 | Family Protection, Firearm Legacy, Firearm Training
by Dave Duringer - Protective Law Corp | Dec 3, 2016 | Asset Protection, Estate Planning, Estate Tax, Gift Tax, Income Tax, Tax Planning
For many client situations, I continue to be a big proponent of using the Clayton election for flexibility in this age of estate tax uncertainty. The Clayton election continues to be the smart way, for many families, to avoid the “AB Trap” of capital gains...
by Dave Duringer - Protective Law Corp | Dec 2, 2016 | Defensive Gun Use
Gets a “Mo” because he didn’t have the weapon on him. If he were to present to the ready, earlier in the scenario, firing may not have been necessary. Perhaps the homeless guy was drunk and merely defending his “home” and a life...
by Dave Duringer - Protective Law Corp | Dec 2, 2016 | Estate Planning, Family Protection, Firearm Legacy, Firearm Training
“This election changed politics in this country in a way that it hasn’t been changed in our lifetime.” — David Keene
by Dave Duringer - Protective Law Corp | Dec 2, 2016 | Asset Protection, Career Preparation, Family Protection
As higher-education prices continue to rise steadily across the country, parents face the challenge of covering these costs as their kids head to college.A growing number of families have been turning to college loans to ease the financial pinch.Here are 12...
by Dave Duringer - Protective Law Corp | Dec 1, 2016 | Defensive Gun Use
Several problems here — she gets a Mo. If she was home alone, why was she not carying her husband’s gun — better yet, her own gun? Also, firing at the attacker as he was running away is questionable, though perhaps justified since the attacker...
by Dave Duringer - Protective Law Corp | Dec 1, 2016 | Archived, Estate Planning, Family Protection, Firearm Legacy, Firearm Training
Recently the California Department of Justice Bureau of Firearms sent out a notice to California firearms dealers with information regarding the recently passed “assault weapon” legislation, SB 880 and AB 1135. Persons who are wanting to acquire a firearm...
by Dave Duringer - Protective Law Corp | Dec 1, 2016 | Asset Protection, Charity, Estate Planning, Tax Planning
The PF excise tax provision would collapse the current two-tier tax—some pay 2 percent and some pay 1 percent on investment income—to a straight 1 percent tax. Here’s how it goes. PFs are required to pay a 2 percent excise tax on investment income every year....
by Dave Duringer - Protective Law Corp | Dec 1, 2016 | Defensive Gun Use, Firearm Training
Cops in Central America get a lesson in the Tueller Drill. Distance is your friend!
by Dave Duringer - Protective Law Corp | Dec 1, 2016 | Archived, Firearm Training, News & Commentary
Mattis is author of a phrase I’ve often heard repeated throughout the carrying community: “Be polite. Be professional. But have a plan to kill everybody you meet.” President-elect Donald Trump said Thursday he has chosen retired Marine Gen. James N....
by Dave Duringer - Protective Law Corp | Dec 1, 2016 | Archived, Asset Protection, Estate Planning, Estate Tax, Gift Tax, Income Tax, Tax Planning
As always, flexibility is key: Recommend cautious optimism. The elimination of the estate tax in particular is likely to be welcome news to your higher net worth clients, but the proposal may be subject to opposition or compromise in Congress. This compromise could...
by Dave Duringer - Protective Law Corp | Nov 30, 2016 | Defensive Gun Use
Deputies said shots were fired by an armed employee of the Xtreme Internet Cafe. According to the Sheriff’s Office, the suspect grabbed a patron and dragged her out of the store, using her as a human shield. Source: Shots fired during robberies at Citrus...
by Dave Duringer - Protective Law Corp | Nov 30, 2016 | Family Protection, News & Commentary
Liberal CEO making feel-good statement of no consequence: par for the course. Anger should be directed at the armed citizen for failing to get the training or use the care necessary to carry responsibly. Another reason open carry is better than concealed carry...
by Dave Duringer - Protective Law Corp | Nov 30, 2016 | Asset Protection, Entity Formation, Estate Planning, Limitation of Liability, Venture Protection
While it should go without saying, a business owner should intentionally choose its structure and tax status and accept the related tax and governance implications. Inadvertently forming the wrong entity could have costly consequences. In this case, it seems...
by Dave Duringer - Protective Law Corp | Nov 29, 2016 | Defensive Gun Use
“The two male robbers apparently told the employees and the customer to get on the ground. They began pistol-whipping the customer. At that point, the customer produced a handgun and shot both of the robbers,” Bartorilla told reporters just before midnight...
by Dave Duringer - Protective Law Corp | Nov 29, 2016 | Estate Planning, Family Protection, Firearm Legacy, Firearm Training
by Dave Duringer - Protective Law Corp | Nov 29, 2016 | Asset Protection, Estate Planning
According to the recently released Credit Suisse Research Institute 2016 Global Wealth Report, roughly half of worldwide ultra high net worth (UHNW) individuals (defined as those with $50 million or more), live in the U.S. This number dwarfs the figures of the...
by Dave Duringer - Protective Law Corp | Nov 28, 2016 | Defensive Gun Use, Firearm Training, News & Commentary
Mainstream media widely broadcast news today of a mass shooting at Ohio State, but it turns out the crazed “shooter” (who, it turns out, is a Somali refugee) attacked only with his car and a butcher knife. (ISIS recently called for random knife attacks.)...
by Dave Duringer - Protective Law Corp | Nov 27, 2016 | Defensive Gun Use
Police say two men with a knife tried to rob a 27-year-old man, but the victim defended himself with a .22 caliber handgun. The man thought he did not hit anyone, but an hour after the incident, police say a man who ran from the scene went to the hospital with...
by Dave Duringer - Protective Law Corp | Nov 27, 2016 | Estate Planning, Family Protection, Firearm Legacy, Firearm Training, GunLaw.Pro
[UPDATE: For the last three years (since August 2016) I have not generally recommended the lifetime funding of gun trusts in California. Passage of AB 1292 in July 2019 has significantly enabled and clarified use of gun trusts — however, there are limits under the new...
by Dave Duringer - Protective Law Corp | Nov 26, 2016 | Asset Protection, Estate Planning, Tax Planning
From WealthCounsel VP Matt McClintock: Increasing asset protection for the surviving spouse and others. Depending on the trust design, a bypass-type trust can provide greater asset protection than a QTIP marital trust. A bypass trust can have multiple discretionary...
by Dave Duringer - Protective Law Corp | Nov 26, 2016 | Defensive Gun Use, Firearm Training
Hmmm. Did she open fire as they ran away, or immediately after handing over her purse? Story is unclear. Could make a big difference. As the robbers ran away, the female victim got out her own gun and opened fire. The suspects returned fire.Amazingly, no one...
by Dave Duringer - Protective Law Corp | Nov 26, 2016 | Asset Protection, Estate Planning, Family Maintenance, Family Protection
The real Florence Henderson also had a blended family — she got divorced and remarried after some 30 years in a marriage that produced four kids. Blended families (extant or future, through remarriage) are extremely common and good, comprehensive estate...
by Dave Duringer - Protective Law Corp | Nov 26, 2016 | Defensive Gun Use
A 26-year-old female victim at the scene suffered multiple stab wounds. Officials said Sunday night that she was in stable condition at WakeMed ICU after undergoing surgery for her injuries.A second man, 26, who police say fired shots that killed Davidson, was...
by Dave Duringer - Protective Law Corp | Nov 26, 2016 | Estate Planning, Family Protection, Firearm Legacy, Firearm Training
Hiding your gun in the car so your kids don’t have access to it is, in of itself, a recipe for disaster. You can get a custom concealed compartment installed into your vehicle that’s operated by a keypad or a key FOB but even that’s just an expensive delay to...
by Dave Duringer - Protective Law Corp | Nov 26, 2016 | Asset Protection, Estate Planning
[Updating is less of a problem for our clients who participate in our Client Maintenance Program.] Below article lists many reasons for updating — some get press, others seem mundane: For example since August, the estate-planning world has been abuzz...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Archived, Dying Embarrassed, Horror Stories, News & Commentary
He probably wanted to go before Trump took office — and died happy knowing that Obama hates the US more than anyone. (I wonder how Fidel’s parents feel — about his horrible legacy being theirs.) Fidel Castro, Cuba’s former president and leader...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Estate Planning, Family Protection, Firearm Legacy, Firearm Training
Warning shots are almost always a bad idea, but apparently they worked here. Better to present the weapon with convincing demeanor and give verbal warning. Fortunately, it appears no bystanders were injured. Metro police told News 2 the victim was robbed as she was...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Archived, News & Commentary
Well, it’s a start anyway. BAKERSFIELD, Calif. (KBAK/KBFX) — The Kern High School District Board of Trustees has voted in favor of allowing employees to bring guns onto campuses. The five-man board approved an amendment to the KHSD gun policy that allows staff...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Asset Protection, Family Protection
Asset protection, family protection — have you noticed there is quite a bit of crossover? Often in groups of up to 15 people, the bandits burst into a store, make a beeline to the lucrative goodies and quickly pillage the shelves. (High-end jeans and cosmetics...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Defensive Gun Use
TULSA, Oklahoma – Tulsa Police said a woman shot a man when he went inside her apartment Saturday night. Detectives said the woman was on the phone with 911 when she shot the man after he broke into her apartment at the Comanche Park Apartments near 36th...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Archived, Family Protection, Firearm Legacy
Gun shows still have a future at the Del Mar Fairgrounds.The board of the 22nd District Agricultural Association, which runs the state-owned Del Mar Fairgrounds, discussed the Crossroads of the West Gun Show and heard from both supporters and opponents at the Nov. 15...
by Dave Duringer - Protective Law Corp | Nov 25, 2016 | Asset Protection, Estate Planning
Violence across America today, Black Friday. Meanwhile, at a Walmart parking lot… One person has died in a shooting outside of a Macy’s department store in New Jersey and another was shot dead in an apparent road rage incident in a Walmart parking lot in...
by Dave Duringer - Protective Law Corp | Nov 24, 2016 | Defensive Gun Use, Firearm Training
The boyfriend allegedly told authorities that he told Savell that if someone is told to leave their property three times, she is to get the gun and shoot it at the ground. If that doesn’t work, she’s supposed to shoot them in the leg. Source:...
by Dave Duringer - Protective Law Corp | Nov 24, 2016 | Archived, Estate Planning, Family Maintenance, Family Protection
This Thanksgiving as your dolloping butter and gravy all over your turkey, which was killed so that you may eat it, if a liberal family member or friend chimes in with something inane about white privilege, Islam, global warming or how butter is going to kill you,...