A lack of advanced planning could cause folks to lose money in the form of probate, state estate taxes, and federal estate taxes. These are costs that could be avoided with a good estate plan.
Siesta Key, FL (PRWEB) April 18, 2013
LegaLees announces a new article by Attorney Lee Phillips entitled, “Advanced Planning and a Good Estate Plan Forestalls Troubled Waters,” to help people understand how important a good estate plan is to them. Unfortunately, many Americans have spent all their time and energy building an estate and have not taken the time for advanced planning. The article reviews the essential elements of an estate plan.
Lee Phillips observes, “Because of a lack of advanced planning you could lose money in the form of probate, state estate taxes, and federal estate taxes. These are costs that could be avoided with a good estate plan. Lack of planning could also costs folks in such ways as paying more taxes than you need or in the form of an unexpected lawsuit. Advanced planning and asset protection go hand in hand.”
Mr. Phillips also noted, “More important than the monetary cost of probate, taxes, and everything else is the emotional cost. The time and effort required to handle advanced planning is not that big. If someone will take the time to put the four elements of a good estate plan in place and know how to use it, they’ll be saving their family not only money, but a lot of stress. That’s sometimes more important than the money.”
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, along with his latest book 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 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.