Posts by Rick Durfee
What do Business Entities Have to do With Estate Planning?
The Business of Estate Planning People who own business entities, like Corporations, LLC’s and Limited Partnerships NEED Estate Planning. Often estate plans are set up completely detached from business entities. When business entities are not integrated into the estate plan, it can cause problems with family members, partners, business operations, and the ultimate value of…
Read MoreDo It Yourself Estate Planning vs. Hiring a Lawyer
Do it Yourself Estate Planning Sometimes, planning your estate on your own is the best option. If you are young and just starting out in the world with a few assets and more time than money to invest in protecting them, a DIY Estate Plan is a good idea. It will teach you about the…
Read MoreWhy do I Need an Estate Plan if I Don’t Have an Estate?
Everyone in America has an estate and an estate plan in place automatically. Even without a home, vehicles or money to your name you have an estate, your body is your responsibility and deciding what will be done with it when you die is up to you. If you die without an estate plan, whether…
Read MoreEstate Planning vs. Dynasty Estate Planning
Estate Planning The estate plan revolves around the death of the benefactor. Paying taxes Probate or private contractor handles the estate Deciding which beneficiaries get which assets Dynasty Estate Planning Dynasty estate planners have a larger scope and plan for the future of the beneficiaries. We can plan for: Avoided Probate Avoided Taxes Protecting assets…
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