by Dave Duringer - Protective Law Corp | Oct 5, 2016 | Asset Protection, Dying Embarrassed, Horror Stories, Probate Admin
Bob Marley’s estate continues to generate significant revenue decades after his death in 1981. Marley died intestate even though he knew he had cancer and lingered for nearly 8 months. Dozens fought over his estate, worth a reported $30 million. If attacked, do...
by Dave Duringer - Protective Law Corp | Oct 2, 2016 | Dying Embarrassed, Estate Planning, Horror Stories, Probate Admin
Because he left no effective will or estate plan, Swedish author Stieg Larsson’s longtime partner was not entitled to the fortune from his Millennium series of books (and the movies based on them). He lived with Eva Gabrielsson for 30 of his short 50 years on...
by Dave Duringer - Protective Law Corp | Sep 30, 2016 | Dying Embarrassed, Estate Planning, Horror Stories, Probate Admin
Amy Winehouse lived fast and died young — without a will or any other estate planning, of course. Moreover, parents pressured her to divorce her husband yet the romance rekindled and friends say she would have wanted to leave something for her soulmate. Too bad...
by Dave Duringer - Protective Law Corp | Sep 29, 2016 | Dying Embarrassed, Estate Planning, Horror Stories, Probate Admin
The smooth, baritone Barry White never got divorced from his wife even though he was living with someone else. Plus he failed to make a will. All of that added up to years of conflict between his ex-wife, wife and girlfriend. If attacked, do you want to be Victor or...
by Dave Duringer - Protective Law Corp | Sep 28, 2016 | Dying Embarrassed, Estate Planning, Family Protection, Horror Stories, Probate Admin
Tony Curtis had six kids from six marriages, left them nothing in his will except a legacy of litigation. 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...
by Dave Duringer - Protective Law Corp | Sep 28, 2016 | Dying Embarrassed, Estate Planning, Horror Stories, Probate Admin
King left a great legacy in civil rights before his assassination at the age of 39 in 1968, but he didn’t leave a will or estate plan. That blunder left his family grappling for control of his image and financial legacy even now, decades after his death. If attacked,...
by Dave Duringer - Protective Law Corp | Sep 25, 2016 | Asset Protection, Creditors & Predators, Estate Admin, Estate Planning
This round of leaks is somewhat less thrilling than those from Mossack Fonseca’s operations in Panama (although their name does come up) because the data uncovered is largely corporate registries, which contain only the basic components of offshore companies—name,...
by Dave Duringer - Protective Law Corp | Sep 20, 2016 | Dying Embarrassed, Estate Planning, Horror Stories, Probate Admin
Talk about long probates! President Washington wrote his Last Will and Testament himself, without consulting any “professional character.” The will is dated July 9, 1799, less than six months before his death on December 14, 1799. …. Probate lasted...
by Dave Duringer - Protective Law Corp | Aug 29, 2016 | Asset Protection, Estate Admin, Estate Planning, Probate Admin, Trust Admin
Whether it’s just perception or not, it does seem like there seems to be more fighting regarding estate plans. Here are 10 reasons why. Source: Ten Reasons Estate Conflicts May Be Increasing | Wealth Management In other Asset Protection news… Estate Sales:...
by Dave Duringer - Protective Law Corp | Aug 6, 2016 | Estate Admin, Estate Planning, Family Maintenance, Family Protection, Firearm Legacy, Firearm Training, Probate Admin, Religious Faith, Trust Admin
Post-Gunpocalypse gun trust planning for California firearm legacy.
by Dave Duringer - Protective Law Corp | Jul 26, 2016 | Asset Protection, Family Protection, Trust Admin
By following these simple steps, the collector would have avoided the above condition disaster, the collection would have merited the six-figure purchase offer, and his children would have benefited from their father’s thoughtful collecting. Source: A Wine Tale...
by Dave Duringer - Protective Law Corp | Jul 2, 2016 | Estate Admin, Health Planning
Decision here: Appellant Jesse G. appeals from the trial court’s orders appointing the Mendocino County Public Guardian (public guardian) conservator of his person and estate pursuant to section 5350 of the Lanterman-Petris-Short Act (LPS Act) (Welf. & Inst. Code,...
by Dave Duringer - Protective Law Corp | Jun 25, 2016 | Estate Admin, Probate Admin, Trust Admin
Poor estate planning often leads to bitter fighting that can last years. Here are 11 high-profile examples of long-running estate conflicts, many of which could have been avoided with a little foresight. Source: Photo Gallery: Eleven Long-Running Celebrity Estate...
by Dave Duringer - Protective Law Corp | Jun 22, 2016 | Estate Admin, Probate Admin, Trust Admin
Executors are bound by a bewildering array of responsibilities and duties. Here are 10 common pitfalls to avoid. Source: Photo Gallery: Top 10 Executor Mistakes | WealthManagement.com If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when...
by Dave Duringer - Protective Law Corp | Jun 20, 2016 | Estate Admin, Probate Admin
Executors (or administrators) of estates shoulder a great deal of responsibility. For this reason, trusted professionals familiar with the process are often the best choices. However, in many cases, the deceased’s closest family member (child or spouse usually) is...
by Dave Duringer - Protective Law Corp | Jun 13, 2016 | Archived, Trust Admin
OK, scratch Northern Trust: The New York Daily News was recently approached by a whistleblower named Aaron Mascarella, a former vice president of lending at the bank, with a series of potentially damning secret recordings that suggest that Northern Trust executives...
by Dave Duringer - Protective Law Corp | May 4, 2016 | Estate Admin, Trust Admin
Continuing a recent trend liberalizing rules on trust funding, yet another California court case has deemed a trust to be funded with real property even in the absence of a deed expressly referring to the trust: Carne v. Worthington If attacked, do you want to be...
by Dave Duringer - Protective Law Corp | May 4, 2016 | Dying Embarrassed, Estate Admin, Horror Stories, Probate Admin, Trust Admin
Widow vs. children. This happens more commonly than decedents expect before they die. Perhaps a total return unitrust would have worked here. If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM,...
by Dave Duringer - Protective Law Corp | May 4, 2016 | Dying Embarrassed, Estate Admin, Horror Stories, Probate Admin, Trust Admin
Whitney Houston’s estate in the news again — death of her daughter and failure to update her plan means assets are back in Whitney’s estate. If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed....
by Dave Duringer - Protective Law Corp | May 4, 2016 | Dying Embarrassed, Estate Admin, Horror Stories, Probate Admin
$300 million and no estate plan? That’s embarrassing enough to turn someone purple. 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...
by Dave Duringer - Protective Law Corp | Mar 15, 2016 | Estate Admin, Estate Tax, Probate Admin, Tax Planning, Trust Admin
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by Dave Duringer - Protective Law Corp | Mar 11, 2016 | Dying Embarrassed, Estate Admin, Firearm Legacy, Firearm Training, News & Commentary, Probate Admin, Trust Admin
BTW, there is no such thing as a “gun accident” — this was a negligent discharge. Stop a moment and think whether your family is trained at least in the basic rules of gun safety. I can tell you it is very common for family members with absolutely no...
by Dave Duringer - Protective Law Corp | Feb 29, 2016 | Estate Admin, Horror Stories, Probate Admin, Trust Admin
Unfortunately, even a simple, seemingly trivial mistake can turn an otherwise careful transfer of an asset (like a house) into a horror story – and you may not even realize you’ve made a mistake until it’s too late. One Arkansas family currently faces big consequences...
by Dave Duringer - Protective Law Corp | Feb 10, 2016 | Estate Admin, Estate Tax, Tax Planning, Trust Admin
The instructions for Form 8971 (report of final estate value for assets to be distributed) are not exactly clear on whether the form must be filed where an estate tax return (706) is filed merely for porting deceased spousal unused exclusion amount (DSUEA): The filing...
by Dave Duringer - Protective Law Corp | Jan 16, 2016 | Firearm Legacy, 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...
by Dave Duringer - Protective Law Corp | Oct 17, 2015 | Estate Planning, Property Tax, Tax Planning, Trust Admin
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...
by Dave Duringer - Protective Law Corp | Oct 17, 2015 | Estate Planning, Property Tax, Tax Planning, Trust Admin
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...
by Dave Duringer - Protective Law Corp | Oct 17, 2015 | Estate Planning, Property Tax, Tax Planning, Trust Admin
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...
by Dave Duringer - Protective Law Corp | Oct 17, 2015 | Estate Planning, Trust Admin
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...
by Dave Duringer - Protective Law Corp | Mar 18, 2015 | Trust Admin
Ukkestad v. RBS Asset Finance Filed March 16, 2015, Fourth District, Div. One Cite as C065630 Settlor established a Trust which recited that all of his “right, title and interest” to “all of his real … property” is included in the Trust’s assets. After the Settlor’s...
by Dave Duringer - Protective Law Corp | Aug 18, 2014 | Trust Admin
The Probate Code defines trusts as either express trusts, or trusts implied through court action. Implied trusts are of two kinds: resulting trusts and constructive trusts. Resulting Trusts A resulting trust is imposed by law where circumstances show that the...
by Dave Duringer - Protective Law Corp | Aug 18, 2014 | Trust Admin, TUTORIALS (CMP)
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by Dave Duringer - Protective Law Corp | Aug 18, 2014 | Trust Admin
Probate administration, or administration of an estate, begins after death. There is no administration required of a will during life, however even with a will-based estate plan it is a good idea to review the plan on a regular basis to make sure it is up to date and...
by Dave Duringer - Protective Law Corp | Aug 18, 2014 | Creditors & Predators, Trust Admin
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by Dave Duringer - Protective Law Corp | Aug 18, 2014 | Probate Admin, Trust Admin
Estate settlement responsibilities can get complicated and tend to arrive precisely at the time when we are least able to handle them, emotionally and perhaps physically. Here is a general discussion of some of the issues involved for a simple estate, but keep in...
by Dave Duringer - Protective Law Corp | Aug 17, 2014 | Family Protection, Firearm Legacy, 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 | Aug 16, 2014 | Trust Admin
Put simply, trust situs is where a trust is located. However, a trust can hold assets in many states so situs does not simply mean where trust assets are located—although place of administration of personal property can be a factor considered by courts. (Real property...