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How to Zero Out a Trust

I have been getting a lot of questions asking about how to zero out a trust. When you zero out a trust, you remove all of the income from the trust, so that there is no taxable income held by the trust. A trust with taxable income

Beat the Markets

This article is written by Mike Stevens, President of Capital Wealth Advisors. While many resolved that 2016 would be a year of success, the markets seemed to have a mind of their own. In early January, investors helplessly watched the stock market put in its worst opening

Don’t Get Caught by Tax Penalties

This article is written by Ben Rucker, a former special IRS auditor. He worked with me in writing Advanced Tax Tactics. Lately I’ve been getting a lot of questions about tax penalties.  Many taxpayers are surprised to find that they are charged multiple penalties and interest each

Cars in Trusts

Cars in Trusts

I recently received the following question from Jack, one of my students, about putting cars in trusts: I have discussed this issue with several “local experts” and every one of them states that this is a terrible idea because if you get into an accident and get

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We wish everyone in America had the means to obtain the knowledge that Attorney Lee Phillips is attempting to impart in the Accumulation and Preservation of Wealth course. We are thankful that there is a legal system that is designed to protect people’s assets, no matter how little or how much.
~ Ed, Dallas Texas