Gabert

The basic foundation of wealth consists of four legal tools. If you understand the tools and know how to use them, your chances for success are much better. If you and/or your parents don’t have the four tools already, it is time to get moving. It’s worth every effort you make and every dime you spend getting the foundation in place. Here’s a basic overview of the four tools: Testamentary Will – Names a guardian if you have minor children, names a personal representative Living Revocable Trust – Owns the assets that you must sign for. This allows an estate to avoid probate. Durable Power of Attorney – Names someone to control your property if you become incompetent Living Will – Directs doctors on whether to keep you alive or pull the plug Asset Protection speaker and attorney Lee R. Phillips tours the country teaching people about using the law and Estate Planning to their advantage.