Magellan Law, PLC 10617 North Hayden Road #100 Scottsdale, AZ 85260
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
602-443-4888 MagellanLawFirm.com
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INSIDE THIS ISSUE
The Shocking Truth About DAPTs! page 1
Why You Need Layers of Protection Against Creditors page 2
Is It Time for Your Child’s First Part-Time Job?
Easy Bacon and Spinach Stir-Fry page 3 The Basis for Magellan Law Firm page 4
FIGHTING THE GOOD FIGHT
THE BASIS FOR MAGELLAN LAW FIRM
large sum of money. I was befriended by con artists who convinced me that they had legitimate investments. The result was that, over a five- year period, what started at $14 million had dwindled to $500,000. In my practice, I’ve met numerous clients who have found themselves in similar predicaments. The fact is, it’s very difficult to successfully pass wealth from one generation to the next. While there are a lot of transactional solutions for families — wills, CPAs, life insurance, and other products — there are few that can actually help move the wealth the way it was intended to be moved. The people I most enjoy working with are those who have assets to protect. One of the first things I noticed, however, is that that they have no real and effective protection against lawsuits and other avoidable losses. After having gone through my own experiences, I know how to best provide help to my clients, and I’ve dedicated my life to fighting the good fight and helping families who need it. If you want information about solutions that will protect your assets, don’t hesitate to give my office a call!
In 2009, I found myself standing in my biological father’s house for the very first time. His identity had been kept a secret from me for 35 years, but after I discovered who he was, I flew up to Vancouver to meet him. Unfortunately, when I arrived there, he was in hospice; his health was failing. Standing in his room, I started looking around to get a feel for who he was. I noticed that he had a giant computer screen surrounded by at least six enormous speakers — I was told that he liked to listen to classical music while trading stocks. As I looked around, I saw the previous year’s tax return showing $1.5 million dollars in passive income. That was the moment I realized that he had a significant estate. He passed away shortly after that first encounter, leaving me a large sum of money. Unfortunately, due to a lack of proper planning, I ended up losing approximately 50 percent to taxes and legal issues. Later on, I made some really unwise investment choices. I quickly learned the hard way that there are no legal protections for people who inherit a
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