Do-It Yourself Wills and Trusts

We at LegaLees will help you meet your financial goals, and learn the legal secrets you need to know to acquire long-term wealth.

Experience:

1999-present Manager, Phillips and Associates, LLC. Estate and tax planning strategies concentrating on sheltered qualified retirement monies

1989-present C.E.O., LegaLees Corporation. Legal publishing and computer software development.

1986-1989 Associate Director Research Administration for Technology Transfer; Brigham Young University

1985-1986 Corporate Secretary and General Counsel, Lee Scientific

1984-1985 C.E.O., Comprehensive Benefits, Inc.

1983-1984 Corporate Secretary, Legal Counsel; Financial Perspectives Corporation

1981-1985 Faculty Research Associate, Chemistry Department, Brigham Young University

1979-1984 Director, Alpine West Laboratories

1981-1982 Patent and Trademark Attorney; Thorpe, North and Western

Education:

J.D. J. Reuben Clark Law School, Brigham Young University, 1981

M.S. Chemistry, Brigham Young University, 1979

B.S. Geology, Cum Laude, Brigham Young University, 1976

Publications:

75. L.R. Phillips, "Year-end Tax Planning is Essential for Business Owners and Operators," The Enterprise, p. 1, 19-20 (December 3, 2001).

74. L.R. Phillips, "Explore Section 125 Flex Plan Options," Dentist’s Money Digest, p. 24 (November/December 2001).

73. L.R. Phillips, "Explore Section 125 Flex Plan Options," Physician’s Money Digest, p. 18 (November 30, 2001).

72. L.R. Phillips, "For Asset Protection, Back to the Basics," Physician’s Money Digest, p. 28 (October 15, 2001).

71. L.R. Phillips, "VEBAs Offer Unlimited Income Shelter," Dentist’s Money Digest, pp. 28-29 (September/October 2001).

70. L.R. Phillips, "Use Four Tools to Build an Estate Plan," Physician’s Money Digest, pp. 16-17 (September 15, 2001).

69. L.R. Phillips, "VEBAs: Using Life Insurance as a Tax Shelter for the Wealthy, Part Two," Beneficial Life Benefactor Newsletter, pp. 3-4 (September 2001).

68. L.R. Phillips, "Eliminating the Downside Is a Possibility," Physician’s Money Digest, p. 22 (August 15, 2001).

67. L.R. Phillips, "Variable Life Traps Afoot, Step Lightly," Physician’s Money Digest, p. 24 (July 15, 2001).

66. L.R. Phillips, "VEBAs: Using Life Insurance as a Tax Shelter for the Wealthy, Part One" Beneficial Life Benefactor Newsletter, pp. 6-7 (July 2001).

65. L.R. Phillips, "Don’t Let Your Clients’ Tax Situation Become Terminal," Broker News, p. 20 (June 2001).

64. L.R. Phillips, "VEBAs Provide Unlimited Shelter," Physician’s Money Digest, p. 32-33, (Retirement Guide 2001).

63. L.R. Phillips, "Due Diligence Needed to Find a Lawyer," Dentist's Money Digest, p. 34 (May/June 2001).

62. L.R. Phillips, "Due Diligence Needed to Find a Lawyer," Physician's Money Digest, p. 19 (May 15, 2001).

61. L.R. Phillips, "Phantom Income Is a Potential Menace," Physician's Money Digest, p. 15 (April 15, 2001).

60. L.R. Phillips, "Huguet's 12 Traits of Great Companies," Dentist's Money Digest, p. 30 (March/April 2001).

59. L. R. Phillips, "Achieve Tax-Free Growth from Your IRA," Physician's Money Digest, p. 42 (March 15, 2001).

58. L.R. Phillips, "Options Limited for Tardy Tax Planners," Physician's Money Digest, p. 17 (February 15, 2001).

57. L.R. Phillips, "Do You Really Want to Qualify Mom for Medicaid?" Broker News, p. 5 (February 2001).

56. L.R. Phillips, "Achieve Tax-Free Growth from Your IRA," Dentist's Money Digest, p. 32 (January/February 2001).

55. L.R. Phillips, "Huguet's 12 Traits of Great Companies," Physician's Money Digest, p. 22 (January 15, 2001).

54. L.R. Phillips, "Foundation Critical to a Financial Plan," Physician's Money Digest, p. 10 (Winter 2001).

53. L.R. Phillips, "Four Parts of a Financial Foundation--the Basic Tools of Wealth," Broker News, p. 10 (December 2000).

52. L.R. Phillips, "Is Your Retirement Plan a Big Mistake?" Dentist's Money Digest, p. 16 (November/December 2000).

51. L.R. Phillips, "VEBA is a Powerful Tax Planning Tool," Physician's Money Digest, pp. 18-19 (November 15, 2000).

50. L.R. Phillips, "‘Tools of Wealth' Include Multiple Uses," Physician's Money Digest, p. 24 (October 31, 2000).

49. L.R. Phillips, "Irrevocable Trusts Create a ‘Dynasty,'" Physician's Money Digest, p. 23 (September 15, 2000).

48. L.R. Phillips, "Living Revocable Trust Vehicle to Drive Around Probate," Broker News, p. 12 (August 2000).

47. L.R. Phillips, "Are Your Advisors Truly on Your Side?" Physician's Money Digest, p. 24 (August 2000).

46. L.R. Phillips, "Income Shift Key to Funding Education," Physician's Money Digest, p. 15 (July 2000).

45. L.R. Phillips, "Is Your Savings Plan a Mistake?" PMD Guide to Retirement Planning, p. 24 (Millennium Issue 2000).

44. L.R. Phillips, "Four Tools of Financial Foundation," Dentist's Money Digest, pp. 28-29 (Premiere Issue June 2000).

43. L.R. Phillips, "VEBA: Powerful Tax-planning Tool–and, IRS Approved," Broker News, pp. 13, 25 (June 2000).

42. L.R. Phillips, "Benefits Overlooked in Long-Term Care," Physician's Money Digest, p. 21 (May 15, 2000).

41. L.R. Phillips, "VEBAs Top Tax Shelter List," The Professional Enrollment Specialist, pp. 28-32 (April 2000).

40. L.R. Phillips, "Four Tools of Financial Foundation," Physician's Money Digest, pp. 28-29 (April 15, 2000).

39. L.R. Phillips, "Solving the Rest-Home Dilemma–Savvy Families Plan Ahead," Broker News, pp. 3-4 (April 2000).

38. L.R. Phillips, "Using Insurance in a Financial Plan," Physician's Money Digest, pp. 26-27 (March 15, 2000).

37. L.R. Phillips, "Insurance Trusts Provide Tax Benefits," Physician's Money Digest, pp. 28-29 (February 15, 2000).

36. L.R. Phillips, "VEBAs Top Tax Shelter List (Part II)," Physician's Money Digest, p. 26 (November 1999).

35. L.R. Phillips, "VEBAs Top Tax Shelter List (Part I)," Physician's Money Digest, pp. 18-19 (October 1999).

34. L.R. Phillips, Accumulation and Preservation of Wealth, copyright 1985, 1986, 1987, 1988, 1989, 1996, 1999; published by LegaLees Corporation, 391 pages.

33. L.R. Phillips and K.S. Phillips, Protecting Your Financial Future, copyright 1997, 1998, 1999, published by LegaLees Corporation, 384 pages.

32. L.R. Phillips, R.J. Thurston, Flexible Benefit Plan - Retirement Savings Plan, copyright 1985, 1986, 1987, 1988, 1989, 1993, 1999; published by LegaLees Corporation, 299 pages.

31. L.R. Phillips, "Avoid the Nightmare: Estate Planning for IRAs," PMD Retirement Guide 2000, pp. 48, 50 (1999).

30. L.R. Phillips, "Joint Tenancy Comes with Many Risks," Physician's Money Digest, p. 20 (September 1, 1999).

29. L.R. Phillips, "Why Use a Real Estate Attorney?," Physician's Money Digest, p. 17 (August 1999).

28. L.R. Phillips, "Case Study: The Three Doctors," Physician's Money Digest, pp. 14-15 (July 1999).

27. L.R. Phillips, "Four Ways to Own an Account," Physician's Money Digest, p. 17 (June 1999).

26. L.R. Phillips, "Appointing a Guardian," Parentguide, p. 2 (June 1999).

25. L.R. Phillips, "Minimize Personal Financial Risks in Your Practice," Physician's Money Digest, p. 24 (April 16, 1999).

24. L.R. Phillips, "Death and Taxes: Life's Two Certainties," Physician's Money Digest, p. 27 (February 16, 1999).

23. L.R. Phillips, "Baby Boomers–Will They Be Able to Afford Their Parents?," Physician's Money Digest, p. 22 (February 1, 1999).

22. L.R. Phillips, "Learn How to Build a Sound Financial Foundation," Wealth$aver, Vol. No. 1, pp. 4A, 11A (Winter 1998).

21. L.R. Phillips and K.S. Phillips, "His and Her Trusts," Nob Hill Gazette, Section 1, p. 30 (December 1998).

20. L.R. Phillips and K.S. Phillips, "A Few Words About Joint Tenancy–Don't Do It!," Home Business News, Vol. No. 5, pp. 40-41 (Fall 1998).

19. L.R. Phillips and K.S. Phillips, "Less Taxing Trustees," Financial Planning, pp. 79-84 (October 1998).

18. L.R. Phillips and K.S. Phillips, "A Few Words About Joint Tenancy–Don't Do It!," Financial Freedom Report Quarterly, pp. 43-45 (Summer 1998).

17. L.R. Phillips and K.S. Phillips, Trust Me!, copyright 1995, published by LegaLees Corporation, 337 pages.

16. L.R. Phillips and K.S. Phillips, How to Approach a Venture Capital Firm, copyright 1995, published by Financially Secure Lifestyles.

15. L.R. Phillips and K.S. Phillips, Business Success Source: an Entrepreneur's Start up Guide, copyright 1994, published by Financially Secure Lifestyles.

14. L.R. Phillips, "Survival Tool for Your Home Business," Home Business News, Vol.1 No. 1, pp. 26-28 (Spring 1994).

13. L.R. Phillips, License Preparation System, copyright 1993, 2000, published by LegaLees Corporation, 339 pages.

12. L.R. Phillips and K.S. Phillips, Capital Source: a Manual for Venture Capital Financing, copyright 1993, published by Financially Secure Lifestyles, 64 pages.

11. L.R. Phillips, "Net Sales Definition is Central Issue," les Nouvelles, Journal of the Licensing Executives Society, Vol. XXVII, No. 1, pp. 18-23 (March 1992).

10. L.R. Phillips, R.J. Thurston, C.A. Tolboe, Section 89 - The Book of Compliance, copyright 1988; published by LegaLees Corporation, 235 pages.

9. L.R. Phillips, Money For Your Ideas - An Inventor's Guide, copyright 1987, published by LegaLees Corporation, 80 pages.

8. L.R. Phillips, R.J. Thurston, Equiflex–A Plan for All Reasons, copyright 1987, published by Equitable Life Insurance Company, 250 pages.

7. L.R. Phillips, "The Benefits of Family Ties," Financial Freedom Report, Vol. 10, No. 5, pp. 42-45 (1986).

6. L.R. Phillips, "Get Your Estate Fiscally Fit in 1986," Financial Freedom Report, Vol. 10, No. 1, p. 27 (1986).

5. N.F. Mangelson, D.J. Eatough, L.D. Hansen, M.W. Hill, M.L. Lee, L.R. Phillips, M.E. Post, B.E. Richter and J.F. Ryder, "Proton Induced X-Ray Emission Analysis - A Complement to Analytical Methods Used In Environmental Studies," IEEE Transactions in Nuclear Science, April 1981.

4. L.R. Phillips, "Analytical Study of The Product and Effluent Streams from a High Temperature and Pressure Entrained Gasifier; Including Process Design Recommendations", MS Thesis Dept. of Chem., Brigham Young University, Provo, Utah, 1979 (Also published under DOE Contract No. EE-77-S-02-4377)

3. L.D. Hansen, L.R. Phillips, N.F. Mangelson, and M.L. Lee, "Analytical Study of the Effluents from a High Temperature Entrained Flow Gasifier", Fuel, 59, 323 (1978).

2. L.R. Phillips, "Analytical Study of the Effluents from a High Temperature Entrained Flow Gasifier," Amer. Chem. Soc., Division of Fuel Chem., Vol. 23, No. 2, p. 119 (1978).

1. L.D. Hansen, L.R. Phillips, R.B. Ahlgren, N.F. Mangelson, D.J. Eatough, and M.L. Lee, "Analytical Study of the Effluent from a High Temperature and Entrained Gasifier," Proc. U.S. D.O.E. Environmental Control Symp., Washington, D.C., 1978.

Corporations Founded:

Alpine West Laboratories, Inc., founded 1978. Analytical laboratory doing contract research and analytical work; still operating, very profitable; sold interest 1986.

Financial Perspectives Corporation, founded 1982. Financial planning, insurance, and securities brokerage; merged with Comprehensive Benefits in 1984.

Comprehensive Benefits, Inc., founded 1984. Design, implementation and administration of 401(k) retirement plans and 125 employee benefits plans; corporation sold 1986 to Human Resources Consulting Group which still operates this business at a substantial profit.

Lee Scientific, Inc., founded 1985. Analytical chemistry instrumentation manufacturing and sales (supercritical fluid chromatograph); capital raised $1.2 million; SBIR grants written and funded -- 7 phase I grants and 5 phase II grants; 1988 company purchased by Dionex Corporation, Sunnyvale, California. Initial investors received approximately fifty times investments.

LegaLees Corp., founded 1985. Legal publishing and computer software. Still operating.

Capital Source, Inc., founded 1992. Venture capital database management and venture capital placement service. Still operating.

Information Directions, Inc., founded 1995. Internet training materials. Still operating.

Phillips and Associates, LLC, founded 1999. Tax reduction solutions, estate and financial planning, and asset protection for high net-worth clients.

Professional Development:

Grants Received:
U.S. Department of Energy grant, $35,255
State of Utah Grant, $11,560
Both grants were given to develop a handbook and computerized system for licensing in technology transfer.

Positions Held:
1987-1988 Advisory board member, Charter Hospitals, Utah division.

Professional Organizations:

Licensing Executives Society
Association of University Technology Managers
Utah State Bar--Patent Section, Estate Section
Sigma Xi
National Council of University Research Administrators
National Association of College and University Attorneys
Federal Laboratories Consortium
Society of Research Administrators
American Bar Association
American Chemical Society
Society for Environmental Geochemistry and Health
Geological Society of America
American Association of Petroleum Geologists

Professional Licenses and Registrations:

Real Estate Agent (Inactive)
Securities Broker (Series 7) through Locust Street Securities, Inc.
Life, Health, and Casualty Insurance
Registered Investment Advisor (Inactive)

Professional Speeches:

Rushmore Securities Corporation Annual Conference, Dallas, Texas; September 2001, "VEBA Applications."

Grant Taggart Symposium, Brigham Young University, Provo, Utah; May 2001, "Multiple Employer VEBAs and Their Uses."

National Real Estate Investors Association Annual Conference, Mexico; February 2001, "Protecting Your Assets."

Licensing Executives Society Annual Meeting, Toronto, Ontario; September 2000, "Problem Areas in License Negotiation and Drafting, Parts I and II."

Licensing Executives Society Annual Meeting, San Antonio, Texas; October 1999, "Problem Areas in License Drafting."

AutoCPA Semi-annual Meeting, Charleston, West Virginia; September 1999, "Use and Misuse of VEBAs."

Ohio Real Estate Investors Association, Annual Conference, Columbus, Ohio; October 1998; "Asset Protection Strategies."

Licensing Executives Society Annual Meeting, Miami, Florida; October 1998, "Tax and Estate Planning of IP Owners."

International Association of Financial Planners, Annual Convention, Salt Lake City, Utah; October 1998, "Insurance and Estate Planning Strategies."

Licensing Executives Society Annual Meeting, San Diego, California; November 1997, "Licensing Checklists."

Licensing Executives Society Annual Meeting, San Juan, Puerto Rico; October 1996, "The Psycho-ology of Inventors."

Licensing Executives Society Annual Meeting, Orlando, Florida; October 1995, "Over Valuing Technology: Lessons Learned from Cold Fusion Meltdown."

Licensing Executives Society Annual Meeting, Boca Raton, Florida; October 1992, "Recognizing and Dealing with ‘Hot Buttons' in License Negotiation."

Licensing Executives Society Annual Meeting, Boca Raton, Florida; October 1992, "What the Walrus Said: an Alice in Wonderland Tour of License Agreements."

Academic Honors and Activities:

Phi Delta Phi (student law society)
Awarded Sigma Xi Outstanding BYU Research Thesis 1979
$80,000 ERDA Research Award for Thesis
Phi Kappa Phi Student President (1975-79 appointment)
John Einar Anderson Chemistry Scholarship
Numerous BYU Academic Scholarships
Graduated High Honors BYU Honors Program
Cum laude
Geology Department's Outstanding Graduate
Recipient of the Max Pitcher (V.P. Conoco Oil) Award