Integrated Dynasty Estate Planning

Live Well, Leave A Legacy™ 

Our Services Go To Our Learning Center

From The Learning Center

When I Talk People Out Of Asset Protection

Rick Durfee explains when asset protection might not be what people need when meeting for their estate plan and planning for something with more impact.

How Dynasty Estate Planning Protects Generational Wealth

How Dynasty Estate Plans SAVE Generational Wealth | Does your estate plan deal with multi-generational transitions? Dynasty Planning, or Dynasty Estate Plans are much more than your average plans because they deal with the issues that come with generational transitions. Break the 3-generation wealth cycle and make your plan strong.

Avoiding Litigation with Dynasty Estate Planning

Attorney Rick Durfee Discusses Avoiding Litigation with Dynasty Estate Planning

A Family Bank Gone Bad

Rick Durfee, Senior Attorney at Durfee Law Group, explains how a family bank can go bad.

Why Single Member LLC’s Are A Bad Idea

Rick Durfee, Senior Attorney at Durfee Law Group, explains why member managed LLC’s are a bad idea.

Our Practice Areas

Select the topic you want to know more about to read and learn more!

Estate Planning

What do I need to know before starting my Estate Plan?

Dynasty Estate Planning

Why is it so important to have a Dynasty Estate Plan?

Asset Protection

What is asset protection and why do I need it?

Charitable Planning

What Role does Charitable Giving have in Estate Planning?

Business & Tax Planning

What role do Business and Tax planning play in an Estate Plan?

Probate Law

Why Is Probate Necessary?

CONTACT US FOR A FREE CONSULTATION

What Sets Durfee Law Apart?

Fortifying  Families for Generations

At Durfee Law Group, we focus on helping our clients structure their estates to be a blessing for generations to come. Too often, an inheritance ends up being a painful or destructive burden. It is not just what the family does with the wealth. It is what the wealth does to the family. Let us help you avoid the common pitfalls.

Healthy Relationships

When families have a healthy relationship with wealth, the family thrives and the wealth grows and prospers. That is what it means to create a “dynasty” or Dynasty Estate Planning. The path to a family dynasty may be narrow, but it is well worn. We have helped guide many families in their journey. We are very familiar with the rough patches along the way. We can help you.

Wealth Is Like Water

Dynasty Estate Planning is our niche. Typical “estate plans” focus on events surrounding death. The wealth hits beneficiaries like a flood when a dam breaks. They get wet, once, but the water (or the wealth) moves on, leaving a path of destruction in its wake. With Dynasty Planning, wealth can flow through your family like a stream. Each generation receives water in turn. The stream also grows as each generation contributes.

Frequently Asked Questions

Do I need Dynasty Planning? Expand

Dynasty Planning connects a person’s desire for strong family relationships and wealth preservation in a way that allows for the assets in the family to foster positive growth for multiple generations. Whether you have a small nest egg or multiple millions, Dynasty Planning may be your next best move.

How do I know if I need a will or a trust? Expand

Typically, if you own your home (even if you owe money on it to the bank), you would do well to have a trust. If you don’t own a home and don’t have personal property with values exceeding $75,000 or real estate exceeding $100,000, then a will may be sufficient for your needs.

Does Durfee Law Group do Trust Administration and Probate Law? Expand

Yes. Trust administration is essentially the accounting of a person’s assets upon their death and distributing them to the intended beneficiaries as set forth in the decedent’s Trust. Probate is the accounting of a person’s assets upon their death through the court system, which requires differing degrees of supervision by the court depending on whether it is a formal or informal probate. We do all of these.

Do you have to be a millionaire to have an estate plan? Expand

No. Many people don’t realize that everyone benefits from having an estate plan. An estate is what you own. If what you own is a car, clothes and some jewelry (and no other items or property), then that is your estate. People have motivated their friends and loved ones by leaving objects behind as a memory of their affections. For example, a mother may leave a baseball to her son and let him know that she always enjoyed watching him play. It is also true that some people have several millions of assets in their estate. Whether you have a few items or millions in assets, Durfee Law Group can help with your estate plan.

What documents are included in a typical estate plan? Expand

Most estate plans have what we call “basic documents”. These include 1) Last Will and testament 2) Durable Financial Power of Attorney 3) Durable Healthcare Power of Attorney and 4) Living Will. If you own a home and/or have other assets (business interests, real estate, highly appreciated art, or expensive jewelry), a Revocable Living Dynasty Trust should be a part of your estate plan. This means that you would have a Revocable Living Dynasty Trust and the basic documents. More advanced estate planning takes place when you have several business interests and/or own lots of real estate. We provide a free consultation. Whether you have a simple estate, or millions in assets, we can help.

Statistics

We’ve literally saved our clients billions and billions of dollars in estate taxes. Our attorneys have more than 30 years of experience in Dynasty Planning and Estate Planning. We work to provide families and business owners with structured estate plans that include risk management, tax savings and wealth preservation for generations.