Business & Tax Planning

What role do Business and Tax planning play in an Estate Plan? Business and Tax Planning make up one key aspect of a well engineered Integrated Estate Plan. Durfee Law Group considers all other aspects of your estate as well. We prepare a diagram in advance to determine the best solution for your needs. After…

Read More

How does Tax Planning fit in with Dynasty Estate Planning?

“The Only Two Certainties in Life are Death and Taxes” –Mark Twain –Benjamin Franklin This old adage made profound by Benjamin Franklin and made famous by Mark Twain (Samuel Clemens), still holds true today. Even with the best lawyers, you cannot ethically avoid taxes, and we’re not suggesting that Tax planning will get you out…

Read More

Revenue Ruling 2023-2

Equity Strip

Revenue Ruling 2023-2 is Nothing New The IRS ruled in Revenue Ruling 2023-2 that assets in an irrevocable trust outside the taxable estate of the grantor, do NOT get a step up in cost basis when the grantor dies. Although this ruling has received some attention and disagreement in the media, it is nothing new…

Read More

Abusive Trusts

Abusive Trusts – Danger Signs Because we put together a lot of Trusts, people bring us their Trusts ideas.  This is actually a wonderful resource which we welcome.  At the same time, some of the ideas that are brought to us are simply bad and even dangerous.  Although these are sometimes characterized as abusive trusts,…

Read More