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 ...
Durfee Law Group The Jurisdiction Independent Trust Where Should You Set Up Your Trust? Where is the best place to set up your trust? Where you live? In a state that has laws that favor your particular goals and concerns? In a state with lower tax rate...
Durfee Law Group Trust Protector - Defender of Trusts A Trust Protector is a party other than a Trustee or a Beneficiary who has certain powers regarding the Trust and its administration. These powers may be very broad or narrow as determined by the Trus...
Durfee Law Group Irrevocable Family Fortress Dynasty Trust - Legal Services Irrevocable Family Fortress Dynasty Trust Irrevocable Family Fortress Dynasty Trust - Legal Services include establishing an an Irrevocable Dynasty Trust outside of taxable estate with provisions for ...
Durfee Law Group Revocable Trust Comparison Trust Comparison The Estate Planning Group of Durfee Law Group offers two levels of Revocable Living Trusts: Simple and Dynasty. This Chart provides a way to make a meaningful Trust Comparison between...
