Posts by Rick Durfee
Initiative Sucker
The Initiative Sucker Inherits In 2014, Anderson Cooper told Howard Stern the following: “I don’t believe in inherited money . . . I think it’s an initiative sucker. I think it’s a curse. Who’s inherited a lot of money that has gone on to do things in their life? From the time I was growing…
Read MoreBuy Sell Agreement
Buy Sell Agreements A Buy Sell Agreement is part of a succession plan to decide in advance what will happen with a business when certain events occur. Such planning is crucial for any business with multiple owners. It is important both when the owners are related to each other and when they are NOT related to…
Read MoreLooking Through the Corporate Veil
Looking Through the Corporate Veil Many of our clients have been complaining in recent years that banking has become more difficult. Opening a business bank account used to be a simple process. Now it is extremely difficult, and sometimes impossible. The politicians have enhanced the LLC and Corporation Disclosure Requirements. It is now necessary for…
Read MoreAvoiding the Nursing Home Cost Crisis
Medicaid Spend Down Many of our clients are concerned about avoiding the nursing home cost crisis. What is the crisis? The cost of long term medical care has the potential to consume your entire estate. This is the nursing home cost crisis. It could be called the Medicaid Spend Down dilemma. Going into a nursing…
Read More