Proactive Law

As we have already discussed a bit about the Family Bank and the Family Office, we will be talking about the Family Foundation. We will discuss: ◦ Who needs this and why ◦ How does this impact financial services and products ◦ Donor Advised Fund vs. Private Foundation ◦ Social Capital vs. Family Capital ◦ Charitable Intent vs. Tax Incentives ◦ Next Generation Training ◦ Keeping control of assets after a client passes ◦ How to set up and operate, funding, gifting & valuation issues

Making all the pieces work with each other and with your practice ◦ Year in summary and review ◦ Materials and Handouts: - Best Practices Diagram - Trust Order Form Watch this episode and get the show notes: https://www.proactivelaw.com/post/integrated-planning-putting-it-all-together

When to Plan & When it is Too Late What Are We Protecting, What are we protecting it from, who are we protecting it for Cost Benefit: Set Up Cost, Maintenance Cost, Complexity Cost Risk Assessment: Subjective vs. Objective Risk The Good Fence: Internal Risk vs. External Risk Segregating Control, Equity and Risk Using the Family Bank and Family Office Subsidiary Entities for Special Use Properties The Residential LLC & Occupancy Agreement Charging Liens & Charging Orders Avoiding Fraudulent Conveyances Friendly Secured Loans - Securing real estate, A/R, equipment, etc. How to Punch Holes in an Asset Protection Plan Off Shore vs. Domestic Self Settled "Domestic" Asset Protection Trusts State to State issues – what jurisdiction is best? Tax Consequences & Reporting Requirements

Watch This Webinar Here: https://youtu.be/NxDIckaLZI8 In this webinar you will learn: When to fund your estate Beneficiary designations- coordinating with trusts and individuals RMD's, taxation and the estate plan Variations on a theme: Roth vs Traditional Spousal Vs. Non-spousal Beneficiary rules Creditor Protection for Inherited IRA's

Rick Durfee and Michael Koberlein discuss the family bank and family office. Watch this episode: https://youtu.be/z73qv3Pql1E

As a professional, do you know how to help your clients deal with the probate process? Rick Durfee and Michael Koberlein from Probate Law Group and Durfee Law Group discuss the probate process during a webinar to real estate professionals. To see the video of this webinar go to Probatelawgroup.com/5ThingsofProbate

Need peace of mind during a pandemic? Having these basic documents in place can do just that and you can get them at a discount! Rick Durfee explains these documents and why you want to have them in place NOW before any other disaster happens. Resources in this video: Get the discount: http://durfeelawgroup.com/shelterinplace/ Proactive Law Podcast: https://anchor.fm/proactivelaw