Durfee Law Group Equity Strip Exposed How To Strip Out Equity The so-called "equity strip" is sometimes promoted as an asset protect device. It is most often used with real estate. However, it can be used with nearly any asset. While an e...
Durfee Law Group Naked LLC Imagine that you must appear in public. You go to your closet. There is nothing there. You will be on display for the whole world to seem completely naked. The Naked LLC What is a Naked LLC? Going out...
Durfee Law Group The Family Bank The Family Bank What is a Family Bank? Well, to start, it’s important to understand why a Family Bank may be useful. Why a Family Bank? Most families who have worked hard to accumulate wealth share a ...
Durfee Law Group Family Office The Family Office The "Family Office" is a tool that has long been used by the "ultra-wealthy." It's primary function is to consolidate control of family wealth. Such control is, by its nature, necess...
Durfee Law Group Limited Partnership - Legal Services Limited Partnership (LP, LLP, LLLP) With rare exceptions, when we form a LP, we prepare complete documentation as needed for the LP to operate, function, and carry out its intended business purposes. ...
Durfee Law Group Business Limited Partnership Business Limited Partnership vs. Family Limited Partnership For many years the "Family Limited Partnership" has been used an both an estate planning and asset protection tool. There have been a number...
Durfee Law Group LLC - Legal Services Limited Liability Company (LLC) With rare exceptions, when we form an LLC, we prepare complete documentation as needed for the LLC to operate, function, and carry out its intended purposes. The exact ...
Durfee Law Group Rule Against Perpetuities The Rule The Rule Against Perpetuities is an archaic rule adopted by the U.S. as part of the Common Law heritage from its colonial predecessors. In most applications, it limits the length of time in w...
Durfee Law Group Jurisdictional Diversification Jurisdictional Diversification Jurisdictional Diversification is a reality for most people whether they know it or not. If you have family members or property or business interests in more than one pl...
Durfee Law Group What is a Trust? What is a Trust? Trust Definition : What is a Trust? A Trust is a contract that controls property. A Trusthas three parties. First, there is the partywho creates the trust. This party is typicallycall...
Durfee Law Group Old ILIT New Solutions An "ILIT" is an Irrevocable Life Insurance Trust. One of the purposes of an ILIT is to prevent life insurance benefits from being taxed. (Yes, although generally income tax free, life insurance can be...
Durfee Law Group What is a Dynasty Trust? A "Dynasty Trust" is a Trust designed to hold and protect property over multiple generations. Such trusts take advantage of jurisdictions that have abolished laws that require termination such as the ...
