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Estate Planning Basics

How Long Does a Power of Attorney Last?

How Long Does a Power of Attorney Last?

The question of how long a power of attorney lasts has two different answers–a legal one and a practical one. First, the legal answer is however long you set it up to last. If you set a date for a power of attorney to lapse, then it […]

Shift Taxes to Someone Else

Shift Taxes to Someone Else

It may seem impossible to shift taxes to someone else, but it is a long established tax planning technique of the wealthy. Income is moved away from family members in a higher tax bracket to family members in a lower tax bracket.  Shifting income is still a […]

Child Exemptions in Divorce

Child Exemptions in Divorce

One of my clients is going through a miserable divorce, and she asked me what to do about filing her taxes in the coming year.   She has been separated for seven months and has been the sole caretaker of the children. She does not want to be […]

Inheritance – Keep Yours

Inheritance - Keep Yours

One of the best things you can do for your parents is to help them get their estate planning done.  It will not only give them peace of mind, it will also help you ensure your inheritance.  Smart estate planning calls for both the proper forms and […]

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We wish everyone in America had the means to obtain the knowledge that Attorney Lee Phillips is attempting to impart in the Accumulation and Preservation of Wealth course. We are thankful that there is a legal system that is designed to protect people’s assets, no matter how little or how much.
~ Ed, Dallas Texas

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