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Estate Planning Basics

Protecting Your Home

A person’s home is their castle, but how easy is it for someone to storm the castle? Legal protection of a personal residence is actually a big challenge. Most people don’t worry about it too much, but those who are active in real estate investing, own their

Pass Through Entity

There is a lot of confusion about pass-through entities. I have people all the time tell me that one of the advantages of an LLC is that it is a pass-through entity. The confusion comes because people don’t separate the legal aspects of an entity with the

Do I Have to Have the Same Person?

Many estates have the same person listed as personal representative, guardian for any minor children, agent for the durable power of attorney, and successor trustee for the trust. If that one person is capable of handling the various roles, there can be an advantage to having them

Changing Trustees

When you created your trust, you did a lot of thinking and figuring and finally named someone to be your successor trustee in case anything happens to you.  But, as your life moves along, the choices you made when you created your trust may have to be

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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