General

WHAT IS A QTIP TRUST? Couples in their 2nd or 3rd marriages often consider a QTIP trust. This is because it works well to care for the current spouse for life. Then, it can be drafted to care for children from a prior marriage. A qualified terminable interest property (QTIP) trust is a type of…

Fraudulent Conveyance Most people don’t want to lose all of their stuff if they get sued. They may be tempted to commit a fraudulent conveyance. Their first reaction might be to give their property away to someone they trust. Then they can just get it back when the dust settles. While some people may think…

Has anyone told you that life insurance plays an important role in your estate planning strategy? It certainly can. Many people have used life insurance to preserve the value of their estate, provide for their dependents or cover taxes, debts and other costs in the event of their death. Providing Liquidity for Expenses Life insurance…

Real Estate Developers: Estate Planning or Integrated Planning in Real Estate Development Land Developers and Real Estate Developers have to plan a lot, but how often do they consider estate planning in their business plan? At Durfee Law Group, estate planning for our clients often includes business and tax planning. These items all together make…