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	<title>Phillips Asset Protection</title>
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	<link>http://www.phillipsassetprotection.com</link>
	<description>Nation's No. 1 Resource to Protect Your Assets, Income and Wealth</description>
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		<copyright>2006-2007 </copyright>
		<managingEditor>support@phillipsassetprotection.com (Phillips Asset Protection)</managingEditor>
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		<ttl>1440</ttl>
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		<itunes:summary>Nation\'s No. 1 Resource to Protect Your Assets, Income and Wealth</itunes:summary>
		<itunes:author>Phillips Asset Protection</itunes:author>
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			<itunes:name>Phillips Asset Protection</itunes:name>
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			<title>Phillips Asset Protection</title>
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		<item>
		<title>Buying Bargain Houses</title>
		<link>http://www.phillipsassetprotection.com/buying-bargain-houses/</link>
		<comments>http://www.phillipsassetprotection.com/buying-bargain-houses/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 22:21:42 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Bargain Houses]]></category>
		<category><![CDATA[Bundled Houses]]></category>
		<category><![CDATA[Class Action Suits]]></category>
		<category><![CDATA[Investors]]></category>
		<category><![CDATA[Seminar Promoters]]></category>
		<category><![CDATA[Tax Deduction]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1912</guid>
		<description><![CDATA[By Lee R. Phillips
This is a warning.  The banks have put together bundles of 200 – 500 houses and sold them for pennies on the dollar to investors.  The investors have turned into seminar promoters, built fancy websites, and hit everybody with a names list to resell the houses.  I have a number of my [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Multiple Asset Protection Layers Often Don&#8217;t Work</title>
		<link>http://www.phillipsassetprotection.com/multiple-asset-protection-layers-often-dont-work/</link>
		<comments>http://www.phillipsassetprotection.com/multiple-asset-protection-layers-often-dont-work/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 20:21:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[corporation]]></category>
		<category><![CDATA[General Partner]]></category>
		<category><![CDATA[llc]]></category>
		<category><![CDATA[Protection Shield]]></category>
		<category><![CDATA[trust]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1907</guid>
		<description><![CDATA[By Lee R. Phillips
 
The hot shot speakers and the hot shot lawyers go through elaborate plans where one trust owns the corporation or LLC and then that company owns another trust. One of the favorite structures is for a corporation to be the general partner of a limited partnership, thus making it so you’re [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Q &amp; A February 2010, Creditor Liens, Living Trusts, Protect your Home, LLCs</title>
		<link>http://www.phillipsassetprotection.com/q-a-february-2010-creditor-liens-living-trusts-protect-your-home-llcs/</link>
		<comments>http://www.phillipsassetprotection.com/q-a-february-2010-creditor-liens-living-trusts-protect-your-home-llcs/#comments</comments>
		<pubDate>Wed, 24 Feb 2010 21:38:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[creditor liens]]></category>
		<category><![CDATA[Guaranteed Millionaire]]></category>
		<category><![CDATA[inheritance tax]]></category>
		<category><![CDATA[Living Trusts]]></category>
		<category><![CDATA[lld]]></category>
		<category><![CDATA[protect your home]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1899</guid>
		<description><![CDATA[By Lee R. Phillips
Today I will answer additional inquiries from people who are researching better ways to handle asset protection and estate planning matters. I hope everyone can learn from the things others are facing, and see options to explore with your own trusted advisors.
 
Q. My parents and I just purchased a condo as [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>How Is Your LLC Taxed? Clearing Up the Confusion</title>
		<link>http://www.phillipsassetprotection.com/how-is-your-llc-taxed-clearing-up-the-confusion/</link>
		<comments>http://www.phillipsassetprotection.com/how-is-your-llc-taxed-clearing-up-the-confusion/#comments</comments>
		<pubDate>Wed, 10 Feb 2010 02:14:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/how-is-your-llc-taxed-clearing-up-the-confusion/</guid>
		<description><![CDATA[By Lee R. Phillips
There is a lot of confusion as to the taxation of an LLC (limited liability company).  The LLC does not have its own “tax structure” under the IRS code.  Corporations and partnerships have their own tax structures.
In a partnership, partners divide up the profits and losses based on their percentage ownership of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LLC Dissolution on the Death of a Member? Will Your LLC Terminate on Your Death?</title>
		<link>http://www.phillipsassetprotection.com/llc-dissolution-on-the-death-of-a-member-will-your-llc-terminate-on-your-death/</link>
		<comments>http://www.phillipsassetprotection.com/llc-dissolution-on-the-death-of-a-member-will-your-llc-terminate-on-your-death/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 23:24:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>

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		<description><![CDATA[By Lee R. Phillips
I recently handled a case where a successful businessman came in with what appeared to be a fairly comprehensive estate plan.  He wanted to simply ask some questions and look at long range planning.  I looked at the living trust, and at a quick glance it appeared to be reasonable. (Some of [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Q&amp;A Jan 2010  How to Transfer a House: Annuities and Judgments:  Family Trusts:  Asset Protection Plan:  Co-Trustee Duties:  Types of Trusts</title>
		<link>http://www.phillipsassetprotection.com/qa-jan-2010-how-to-transfer-a-house-annuities-and-judgments-family-trusts-asset-protection-plan-co-trustee-duties-types-of-trusts/</link>
		<comments>http://www.phillipsassetprotection.com/qa-jan-2010-how-to-transfer-a-house-annuities-and-judgments-family-trusts-asset-protection-plan-co-trustee-duties-types-of-trusts/#comments</comments>
		<pubDate>Mon, 11 Jan 2010 21:53:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[2503 trust]]></category>
		<category><![CDATA[annuities]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[gift tax]]></category>
		<category><![CDATA[Guaranteed Millionaire]]></category>
		<category><![CDATA[irrevocable trust]]></category>
		<category><![CDATA[judgments]]></category>
		<category><![CDATA[limited liability company]]></category>
		<category><![CDATA[living trust]]></category>
		<category><![CDATA[llc]]></category>
		<category><![CDATA[Revocable trust]]></category>
		<category><![CDATA[successor trustee]]></category>
		<category><![CDATA[tax lien]]></category>
		<category><![CDATA[taxable estate]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1844</guid>
		<description><![CDATA[  
By Lee R. Phillips

We receive lots of queries from people who are struggling with the important issues of asset protection and estate planning. Periodically, we answer some of those questions for everyone to learn from, or at least help you see options that you need to discuss with your own trusted advisors.



Best Way [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2010 a Great Year to Die? I Don&#8217;t Think So</title>
		<link>http://www.phillipsassetprotection.com/2010-a-great-year-to-die-i-dont-think-so/</link>
		<comments>http://www.phillipsassetprotection.com/2010-a-great-year-to-die-i-dont-think-so/#comments</comments>
		<pubDate>Tue, 05 Jan 2010 17:37:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Estate Plans]]></category>
		<category><![CDATA[Estate Tax Repealed]]></category>
		<category><![CDATA[Living Trusts]]></category>
		<category><![CDATA[Shelter Trust]]></category>
		<category><![CDATA[Tax Shelter]]></category>
		<category><![CDATA[Trusts]]></category>
		<category><![CDATA[wills]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1839</guid>
		<description><![CDATA[A note from Lee R. Phillips
You may be starting to see warnings about your estate planning in 2010.  The estate tax has been repealed.  All Right!!!  It is a great year to die.  NOT SO FAST.  Don&#8217;t kill yourself yet.  All is not what it seems to be.
First a little reassurance that what you have [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Will Brittany Murphy’s Estate Be Private?</title>
		<link>http://www.phillipsassetprotection.com/will-brittany-murphy%e2%80%99s-estate-be-private/</link>
		<comments>http://www.phillipsassetprotection.com/will-brittany-murphy%e2%80%99s-estate-be-private/#comments</comments>
		<pubDate>Wed, 23 Dec 2009 20:16:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Brittany Murphy]]></category>
		<category><![CDATA[estate planning]]></category>
		<category><![CDATA[Guaranteed Millionaire]]></category>
		<category><![CDATA[living revocable trust]]></category>
		<category><![CDATA[living trust]]></category>
		<category><![CDATA[Michael Jackson]]></category>
		<category><![CDATA[probate]]></category>
		<category><![CDATA[will]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1835</guid>
		<description><![CDATA[By Lee R. Phillips
Brittany Murphy&#8217;s death has certainly come as a shock to the world.  In a way, it is even more shocking to learn that the death was &#8220;due to natural causes,&#8221; according to the Los Angeles coroner.  Her husband, British screenwriter Simon Monjack, is in shock and is quoted as stating, &#8220;I am [...]]]></description>
		<wfw:commentRss>http://www.phillipsassetprotection.com/will-brittany-murphy%e2%80%99s-estate-be-private/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>High Rates Equal High Risk</title>
		<link>http://www.phillipsassetprotection.com/high-rates-equal-high-risk/</link>
		<comments>http://www.phillipsassetprotection.com/high-rates-equal-high-risk/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 20:16:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Bank Fails]]></category>
		<category><![CDATA[Bank Rates]]></category>
		<category><![CDATA[Best Rates]]></category>
		<category><![CDATA[CD Investments]]></category>
		<category><![CDATA[EDIE Calculator]]></category>
		<category><![CDATA[Enforcement Actions]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FDIC Limits]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1830</guid>
		<description><![CDATA[by Lee R. Phillips

Here’s a little PS on the bank rating information previously posted. 

Several years ago, I shopped for the best rates on a CD investment I had. I picked a coupe of banks that offered great rates (for the time anyway). Funny thing-both of the banks I picked were the first to go [...]]]></description>
		<wfw:commentRss>http://www.phillipsassetprotection.com/high-rates-equal-high-risk/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Are You Sure You Want a Business Credit Card?</title>
		<link>http://www.phillipsassetprotection.com/are-you-sure-you-want-a-business-credit-card/</link>
		<comments>http://www.phillipsassetprotection.com/are-you-sure-you-want-a-business-credit-card/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 17:24:09 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Business Card]]></category>
		<category><![CDATA[Business Credit]]></category>
		<category><![CDATA[Corporate Shield]]></category>
		<category><![CDATA[Credit Card]]></category>
		<category><![CDATA[Personal Card]]></category>
		<category><![CDATA[Personal Charges]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1817</guid>
		<description><![CDATA[
By Lee R. Phillips
 
I have students asking about establishing business credit. It’s a myth. As a small business, real estate investor, or general entrepreneur you don’t have a prayer of establishing “business credit.” You will always sign personally for any “credit” your business gets.

The major competitor I had in do-it-yourself asset protection packages went [...]]]></description>
		<wfw:commentRss>http://www.phillipsassetprotection.com/are-you-sure-you-want-a-business-credit-card/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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