A correctly structured estate can make a difference not only in the final outcome of an estate, but in the asset protection and tax planning people enjoy in their everyday lives.
Orem, UT (PRWEB) July 09, 2013
What if there was a list of the six fatal mistakes folks made when doing their estate planning? Would that make a big difference in the final outcome of an estate plan? Attorney Lee Phillips claims there is more to it than that. He observes that, “a correctly structured estate can make a difference not only in the final outcome of an estate, but in the asset protection and tax planning people enjoy in their everyday lives.
In his “Estate Planning Mistakes to Avoid” article, Attorney Phillips reviews six mistakes that can cause people trouble and why. Next he describes what to do to avoid these mistakes.
As an example, in the article Mr. Phillips describes a gentleman who used the wrong type of trust in his estate planning. The trust cost this gentleman in both taxes and security. Mr. Phillips, when speaking of the gentleman observed, “Estate planning mistakes are problems I see all too often in my job as an attorney and I’m on a mission to shield them from these problems.”
The bottom line is, if a family takes the time to put a proper asset preservation and estate planning foundation in place, they can move forward with confidence regardless of what is happening around them. This family can save on taxes and not be as fearful of lawsuits that can take away a family’s assets. This will give them more confidence and security. As an added benefit, when people have an aura of confidence, they seem to have more opportunities for success in life.
Mr. Phillips is an attorney who serves as a counselor to the Supreme Court of the United States. He enjoys helping other people apply the law, not only to provide asset protection, but to use the law to structure businesses and save taxes. He is the author of 11 books, along with his latest book Protecting Your Financial Future. He has written hundreds of articles for professional publications.
LegaLees is a legal self-help publishing company that was founded in 1982. It produces products designed to help people understand the law and better structure their personal and business affairs. Their mission is to help people protect assets and prevent legal disasters that can strike at any time.