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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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		<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>Divorce Is a Mess.  Let’s Just Separate</title>
		<link>http://www.phillipsassetprotection.com/divorce-is-a-mess-let%e2%80%99s-just-separate/</link>
		<comments>http://www.phillipsassetprotection.com/divorce-is-a-mess-let%e2%80%99s-just-separate/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 16:06:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[divorce]]></category>
		<category><![CDATA[marriage rights]]></category>
		<category><![CDATA[obligations]]></category>
		<category><![CDATA[separation]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1958</guid>
		<description><![CDATA[By Lee R. Phillips
I have recently watched a disaster unfold.  Many of you won’t be directly affected by this disaster scenario, but you may have family member in the situation where they are in danger, and you could help.  So, it’s probably worth a couple of paragraphs in an email to you.
Divorce is ugly!  Some [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Can Gary Coleman’s Parents Sue the Hospital?</title>
		<link>http://www.phillipsassetprotection.com/can-gary-coleman%e2%80%99s-parents-sue-the-hospital/</link>
		<comments>http://www.phillipsassetprotection.com/can-gary-coleman%e2%80%99s-parents-sue-the-hospital/#comments</comments>
		<pubDate>Thu, 03 Jun 2010 21:19:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[Accumulation and Preservation of Wealth]]></category>
		<category><![CDATA[Gary Coleman]]></category>
		<category><![CDATA[living will]]></category>
		<category><![CDATA[right to die]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1941</guid>
		<description><![CDATA[By Lee R Phillips
As Gary Coleman was unconscious in the hospital, his ex-wife, Shannon, gave the order to cut off life support.  Now Coleman’s parents have come forward accusing the hospital of stopping the life support prematurely without the proper permission, saying Shannon no longer had the right as she was not his wife.  The [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
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		<title>The Living Trust Screw-up</title>
		<link>http://www.phillipsassetprotection.com/the-living-trust-screw-up/</link>
		<comments>http://www.phillipsassetprotection.com/the-living-trust-screw-up/#comments</comments>
		<pubDate>Mon, 17 May 2010 21:04:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[estate plan]]></category>
		<category><![CDATA[grantor trust]]></category>
		<category><![CDATA[irrevocable trust]]></category>
		<category><![CDATA[living revocable trust]]></category>
		<category><![CDATA[living trust]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1936</guid>
		<description><![CDATA[By Lee R. Phillips
I had a client bring a “living trust” to me last week.  The client thought the trust was going to solve all of his estate planning problems.  NOT SO!!  It was done by an insurance agent, and this guy had set him up with an “irrevocable personal residence trust.”  The agent had [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Protecting Your Body is the First Asset You Need to Protect in Your Offshore Asset Protection Plan</title>
		<link>http://www.phillipsassetprotection.com/protecting-your-body-is-the-first-asset-you-need-to-protect-in-your-offshore-asset-protection-plan/</link>
		<comments>http://www.phillipsassetprotection.com/protecting-your-body-is-the-first-asset-you-need-to-protect-in-your-offshore-asset-protection-plan/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 21:01:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[American Express]]></category>
		<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Foreign Travel]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[medical care]]></category>
		<category><![CDATA[medical emergency]]></category>
		<category><![CDATA[Offshore Asset Protection]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1927</guid>
		<description><![CDATA[I travel a lot and protecting myself while I am on the road is a major part of my asset protection plan.  If you are in a foreign country, your medical care is not guaranteed.  In fact, medical hospitalization will often be denied.  Most countries will require cash up front before you are admitted to [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<title>Tax Time Identity Theft-Be Careful!</title>
		<link>http://www.phillipsassetprotection.com/tax-time-identity-theft-be-careful/</link>
		<comments>http://www.phillipsassetprotection.com/tax-time-identity-theft-be-careful/#comments</comments>
		<pubDate>Mon, 05 Apr 2010 19:30:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[ID thieves]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[refunds]]></category>
		<category><![CDATA[tax filings]]></category>
		<category><![CDATA[tax time]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1921</guid>
		<description><![CDATA[It’s tax time.  So much fun:-)  Lots of folks are filing on the internet.  There’s no question the net is the way to communicate.  HOWEVER, you need to know that the IRS is not going to communicate with you about your return or refunds over the internet.  According to Terry Lemons, IRS spokesman, the IRS [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Pain in the Tooth</title>
		<link>http://www.phillipsassetprotection.com/a-pain-in-the-tooth/</link>
		<comments>http://www.phillipsassetprotection.com/a-pain-in-the-tooth/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 16:00:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Lee R. Phillips]]></category>
		<category><![CDATA[dentist]]></category>
		<category><![CDATA[infection]]></category>
		<category><![CDATA[infectious disease]]></category>
		<category><![CDATA[oral surgery]]></category>
		<category><![CDATA[orthodontist]]></category>
		<category><![CDATA[root canal]]></category>

		<guid isPermaLink="false">http://www.phillipsassetprotection.com/?p=1916</guid>
		<description><![CDATA[By Lee R. Phillips
I don’t usually comment on personal situations, but I think there is a lesson to be learned here.  If I can help a couple of my students in their personal situations, it will be worth the comment.  Kristy, my wife, had oral surgery Friday.  She had had a root canal a year [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<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>
		<wfw:commentRss>http://www.phillipsassetprotection.com/multiple-asset-protection-layers-often-dont-work/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://www.phillipsassetprotection.com/q-a-february-2010-creditor-liens-living-trusts-protect-your-home-llcs/feed/</wfw:commentRss>
		<slash:comments>3</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>
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