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Estate Planning Basics

Anonymity is a Myth

For some gurus out there, anonymity is the name of the game.  Some try to tell you,”No one can sue you if they don’t know who you are.” But you need to know that anonymity is a myth. In this day and age, no one is anonymous.  […]

Insurance when Property is Deeded to a Living Revocable Trust

Estate planners and financial planners keep up a constant call to use a living trust and avoid probate. Yes, the living trust works well to avoid probate, IF it is used properly.  In order to avoid probate, the trust has to own the real property that would […]

IRA Beneficiaries

When everything works right after an IRA’s owner dies, a named beneficiary takes over their IRA. Unfortunately, sometimes a living beneficiary is not available. What often happens is a husband and wife set up an IRA and they name each other as beneficiaries. When the first spouse […]

Putting Bank Accounts into Your Living Revocable Trust

Assuming you are using your living revocable trust to avoid probate, the assets (which require your signature to transfer or sell) need to be “owned” by the trust. This includes checking and savings accounts, plus safe deposit boxes. You should have a “Certification of Trust” or a […]

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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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