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Everyone Needs a Will

Everyone needs a will, but it is important to understand what type of will to use and why to use it. I am a proponent of trusts. In my mind it is a good idea for everyone to have a living trust. The advantage of a trust


Adjusted Gross Income Adjusted gross income numbers are becoming even more important. Here’s another tip to help you understand the importance of lowering your adjusted gross income (AGI). In 2011, the Obama administration took away many people’s ability to make a traditional IRA contribution and have it

LLC Tax Election

An LLC tax election is the decision you make to determine how your LLC is taxed. An LLC is a unique business structure called a limited liability company, but the IRS Code has not given the LLC a unique taxation section. So how is the LLC to

Business Asset Protection in Business Formation

Business asset protection needs to be considered early in your business formation process. It’s never too soon to think about asset protection. Many businessmen think business asset protection planning is only needed after they are successful and have made a lot of money. It doesn’t always work

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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