Call Us: 801-802-9020

Estate Planning Basics

Probate: Advantages and Disadvantages

Probate is our society’s way of moving property from a deceased person to living people. The word “probate” means “prove.” The probate process is a legal procedure we go through to prove who has the right to sign for someone who has passed away and who will

Fraudulent Conveyance

All states have some sort of fraudulent conveyance law in place. People who are in trouble often try to put assets out of the reach of their creditors or the bankruptcy courts. Fraudulent conveyance laws are designed to prevent people from doing this. Basically, these laws ensure

Annual Exclusion

The annual exclusion is the amount of property the IRS allows a person to gift to another person during a calendar year before a gift tax is assessed and/or a gift tax return must be filed. The amount increases periodically and currently is set at $14,000. There

Calendar Year in Taxation

It is possible to choose your own fiscal year for taxation, but the benefits from doing so rarely outweigh the disadvantages in a small business. You can only choose a fiscal year different than the calendar year if your business is designated as a C corporation, and

Page 1 of 6012345...102030...Last »

Social Networks

 

 

Legalees A+ BBB Business Review

Testimonials

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