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Estate Planning Basics

Funding a Living Revocable Trust Avoids Probate

Many people have heard that a living revocable trust avoids probate.  Though this is possible, be warned that if that trust is not properly funded, your property will still go through probate. Probate is a legal process whereby the court transfers title of a deceased person’s assets […]

Living Will and Advance Health Care Directive

The living will and the advance health care directive are basically the same thing.  Use of either term depends on who you talk to.  Some hospitals call it one, some the other.  Same goes for lawyers. Both help you prepare for your end of life decisions.  Most […]

Choosing Your Personal Representative in a Will

Creating a will is one very important step to ensure things go smoothly when you die. Please be very careful who you name as your personal representative in a will. Choosing the right someone to administer your wishes can be as important as the document itself. When […]

Protect Yourself

It is important to address how you can protect yourself from lawsuits, bankruptcy, and creditors. Unfortunately, many folks wait until it is too late. On July 4, I was in my vegetable garden getting some summer squash and zucchini to make kabobs for the family party. I […]

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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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