Asset Protection

Legal Q&A

2012-07-04T13:33:48-07:00July 4th, 2012|Investing, Landlord, Legal Procedures|

Question: I obtained a judgment against a tenant four years ago and I heard that judgments are only valid for five years.  Is that true?  If I don’t collect my money soon, am I prohibited from getting my money? Answer: You are correct that a judgment is only valid for 5 years.  If not renewed, [...]

Estate Tax – Obama and Republicans Reach Compromise on Estate Tax and Other Tax Issues

2010-12-09T10:30:23-07:00December 9th, 2010|Asset Protection, Estate Planning|

By Kent Phelps, Attorney, Durfee & Phelps PLLC The estate tax issue may be closer to resolution today than any time in the last 9 years –at least for the next 24 months.  Earlier today, President Obama held a news conference confirming he has reached a compromise with Republicans on multiple tax issues, including the [...]

Estate Tax Update – Reid’s Online Gambling, Sanders’ Filibuster Threaten Estate Tax Deal

2019-03-05T23:44:29-07:00December 8th, 2010|Asset Protection, Estate Planning|

By Kent Phelps, Attorney, Durfee & Phelps, PLLC Our play-by-play updates on the estate tax drama created by the deal between President Obama and Republicans continue. In a nutshell:  the deal could lose Republican support if Harry Reid’s online gambling amendment is added;  the deal could be killed by Senator Sanders’ threat of filibuster. Some [...]