The Family Bank Strategy: How to create your own personal Tax-Free bank and protect your estate from creditors and predators

by David T. Phillips

In his newest book, David Phillips explains 17 positive features of The Family Bank Strategy and lists 10 factors that have come together to make it one of the premium safe money strategies today.

For many of you, The Family Bank Strategy is a way to lock in the value of your estate for loved ones, earn a solid tax-free return on your cash value, and have tax-free access to the capital when you need it. It can play an important role in increasing your family's after-tax wealth.

202 pages, Paperback

First published January 1, 2015

Reviews

[J Chad · Rating 2 out of 5]

I wanted to like this book and I wanted it to be filled with useful information. Sadly, it has almost no useful information and every issue addressed ends with some version of “Call my company and we will set it up for you” from the author. There are two useful pages on premium deposit accounts for large one-time transfers and one useful page on the use of trusts for multigenerational strategies.
On the technical side, this is some of the worst professional writing I have ever seen. The book is filled with incomplete sentences, randomly inserted commas, completely incorrect word usages, and myriad font changes (sometimes even within one sentence) making it profoundly fatiguing to read.
In short, if you absolutely have to read this book, check it out from a library, read the three useful pages, and return it. A better option, however, would be to read other books (admittedly, not a subject that’s been addressed well in any single source).