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Estate Planning Basics

Can I Write My Own Trust?

Sure you can write your own revocable living trust.  In fact, you can do it better than a lot of the attorneys.  First you have to ascertain that you really want a trust.   The discussion of your need for a revocable living trust is in another of […]

What is a Trust?

The basic concept of a trust is often mystified by the attorneys and those trying to sell them to a client.  I want to demystify it for you. Let’s go through the basics, just so we are all on the same page.  A trust doesn’t have to […]

Power of Attorney

Power of Attorney – Obtaining Power Beyond Your Trust A “power of attorney” is a powerful legal tool. In fact, when clients hear about a power of attorney, they often question the need for a living revocable trust and a will. They get the impression everything can […]

How to Zero Out a Trust

I have been getting a lot of questions asking about how to zero out a trust. When you zero out a trust, you remove all of the income from the trust, so that there is no taxable income held by the trust. A trust with taxable income […]

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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