Estate Planning
Revenue 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 MoreLive Well, Leave a Legacy
Welcome to Durfee Law Group Hi, my name is Rick Durfee. I am the founder and senior attorney of Durfee Law Group. Welcome to our firm. My personal and law firm motto is “Live Well, Leave a Legacy.”® The story behind this motto will help you understand who we are, why we do what we do,…
Read MoreEstate Planning Without Children
Estate Planning Hacks When There Are No Children Tragedies related to Estate Planning without children are an ancient literary archetype. From Cain and Able to Charles Dickens, the abuse and discord that can result from property passing when there are no children is a persistent theme. There is a reason for this. It has frequently…
Read MoreChild Free Estate Planning
Child Free Estate Planning Made Simple Mary has done well, and is living well. She has no children, and wonders about what kind of estate plan she might need. Because she has no children, she knows that if she does nothing, her estate will largely go to the IRS and the state where she lives.…
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