Posts by Rick Durfee
Significance vs. Success
The following lifted from email — revise and make personal Dan Clark – one of the top motivational speakers in the world (www.danclark.com) and the author of best selling book “The Art of Significance” What would you rather have? Conventional impact or a high level impact? Dan Clark, one of the world’s leading inspirational…
Read MoreRevenue Ruling 2023-2
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 MoreDo It Yourself Probate
Why the Cost? A frequently asked question is “why does probate cost so much?” This is followed up with how tough is a “Do It Yourself Probate?” The short answer to both these questions is: probate is complicated. It takes time and there are strict rules that must be complied with. Sometimes, in very simple…
Read MoreAbusive 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,…
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