Ignoring estate planning is like trying to build a house from the roof down. Without this foundation in place, everything collapses; people lose money in the form of probate, state estate taxes, and federal estate taxes. All this could be avoided.
Siesta Key, FL (PRWEB) November 27, 2013
LegaLees announces a new article by Attorney Lee Phillips entitled, “Estate Planning Needs". It was written to help people understand the basic estate planning needs. Unfortunately, many Americans have spent all their time and energy building an estate and have not taken the time for estate planning, or worse they put in place a series of complicated plans and then don’t take care of them putting the whole estate at risk. The article reviews the essential elements of an estate plan.
In the article Lee Phillips outlines the basics and what someone should do to maintain a good estate plan. He observes, “Ignoring estate planning is like trying to build a house from the roof down. Without this foundation in place, everything collapses; people lose money in the form of probate, state estate taxes, and federal estate taxes. All this could be avoided.”
Mr. Phillips also reviews estate planning mistakes, including such items as too complicated plans, not educating the spouse and heirs on how to keep the plan in place, etc. Not planning for an extended illness or other disability, which would require someone acting for you, is another common and costly error.
LegaLees has developed the self-implementation course Accumulation and Preservation of Wealth that contains everything folks need to take care of their advanced planning and put an effective estate plan in place. It is full of practical legal tools and line-by-line instructions on how to use them so that people can get their estate plan in place.
Mr. Phillips serves as a counselor to the Supreme Court of the United States. He is the author of 11 books, including his latest, Protecting Your Financial Future. He has written hundreds of articles for professional people, assisting them in finding various strategies to use the law to protect their property, save taxes and make additional money. He has given addresses at thousands of business seminars. He enjoys helping people apply the law, not only to provide asset protection and estate planning, but also to use it to structure businesses and save taxes, helping individuals achieve success.
LegaLees was founded in 1982 by Lee R. Phillips. It is a legal self-help publishing company. It produces products designed to help people understand the law. Based on his own personal experiences, Mr. Phillips realized that people needed to be able to understand how the law works so they can direct their own legal professionals. He also saw that people who want to do their own legal work need to be shown how, not just handed a fill-in-the blank form. LegaLees has designed many products to help individuals structure their personal and business affairs. All of the products help the clients protect assets and prevent legal disasters that can strike at any time.