The Blog
Welcome to the McPhillips Law blog, where we explore key legal issues for entrepreneurs, professionals, nonprofit leaders, individuals, and families. The firm’s articles cover a range of topics, including business, tax, and nonprofit law, along with insights on how these areas intersect with estate planning. While McPhillips Law no longer provides estate planning services, I’m happy to connect you with trusted referrals in the Tampa area—just reach out!
Three Considerations When Naming Guardians For Your Children
Choosing legal guardians for your children is one of the most important decisions you’ll make. It's a big responsibility, but with careful thought, you can ensure your children are cared for as you would want. Here are three things to consider.
Crafting Your Will: An Essential Guide for Every Adult
While many are acquainted with the concept of a “last will and testament”, few understand the urgency of creating one sooner rather than later. It's more than just a document; it's a shield that safeguards you, your loved ones, and your assets. To ensure it stands strong, it's imperative to draft it according to your state's regulations.
Decoding Trusts: Navigating Their Varieties & Advantages
Ever thought about getting a will? Then you've probably heard of trusts. They're like the dynamic duo of estate planning – Batman and Robin, if you will. But trusts are a diverse lot, and not every type ties back to a will. Some trusts even come into play while the beneficiary is still kicking. Discover the unique advantages of putting a trust in place!
A Homeowner’s Perspective: Why I Chose a Living Trust for My Estate
Owning a home is often seen as a milestone achievement. It's a place filled with memories, security, and, often, a significant portion of one's net worth. So, when it comes to safeguarding this valuable asset for future generations, where should you turn? One excellent option is a revocable living trust.
Avocados & Assets: Estate Planning for Millennials
Hold up, Millennials! Think estate planning is just for mansions and yachts? Nope! Life throws curveballs, and even young adults need a plan. A few simple documents can help take you from panicked to prepared.