The moral of the experience is, take time to love the kids, grand kids, parents, and spouses, because things can change very fast. In a moment, loved ones could be gone.
Siesta Key, FL (PRWEB) August 15, 2013
Why have estate planning basics in place? Nobody knows when an illness, disaster, or death will affect their family. Being prepared for such an event requires that estate planning basics are in place. In his article, Estate Planning Basics, Attorney Lee Phillips tells a poignant personal story about his granddaughter’s illness. He describes how quickly and unexpectedly her health deteriorated.
He then highlights the importance of the family, and how fast things can change. Next, he outlines the four estate planning basics and observes, “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.”
Attorney Phillips then states, “The moral of the experience is, take time to love the kids, grand kids, parents, and spouses, because things can change very fast. In a moment, loved ones could be gone. If people tend to the estate planning basics, it will help loved ones in troubled times.
The bottom line is, if a family takes the time to establish proper asset preservation and estate planning basics, they can move forward with confidence regardless of what is happening around them. A family can save on taxes and not be as fearful of lawsuits that can take away a family’s assets. This provides more confidence and security. As an added benefit, when people are more confident, 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 also to use the law to structure businesses and save taxes. He is the author of 11 books, including 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.