- Estate Planning Blog -

divorce after retirement
Divorce After Retirement: Gray Divorce 2021

  Divorce rates have recently been on the decline—that is, among young people. Couples over the age of 50 have been divorcing at much higher rates over the past twenty years. Between 1990 and 2010, this age group doubled their divorce rate. In 2010 alone, 1...

what happens when your partner dies?
Death Benefits for Unmarried Couples

  Are you wondering what happens when your partner dies? How will the surviving loved one be cared for? Death benefits for unmarried couples only exist if you create them. You can decide where your assets go—whether you give them to friends, family, charities, or a...

what is the difference between an estate planner and a financial planner, estate planner vs financial planner
Is a Financial Plan the Same as an Estate Plan?

  Having a solid financial plan that takes care of your family’s needs every year feels great! It feels comfortable. And that comfort can sometimes allow us to neglect our future financial plans, such as saving for retirement and creating a concrete estate plan. Are you...

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Should I Retire in Phoenix, AZ?

  Wondering whether you should retire in Arizona? We’ll help you see how great it could be if you did! Retiring in the Phoenix area has fabulous benefits. Warm winters, sunshine year-round, and stunning natural views are just the tip of the iceberg. Arizona is a...

what doesn't belong in a trust?
What Doesn’t Belong in a Trust?

  Some assets work well in a trust, but others don’t. We’re going to help you outline what doesn’t belong in a trust and give you a quick breakdown on how revocable living trusts work. After getting your feet wet here, you can dive even further...

best phoenix golf course under $100
3 Best Value Golf Courses in Phoenix

  Walking around on manicured lawns, breathing in some fresh air, and practicing so we can take a stroke off our game can become addicting in the best way. Exercise coupled with honing a skill is a terrific way to keep your heart healthy and happy!...

using trusts as a business advantage, does my business belong in a trust?
Does My Business Belong in a Trust?

  Trusts can be used to your advantage for personal and business reasons to accomplish your goals of reducing or eliminating your estate taxes. Other benefits of trusts include: asset protection, probate avoidance, and safeguarding from creditors or lawsuits.  Many types of trusts exist, and they each...

can a trust replace a will, does a trust override a will
Do I need a trust and will: does a trust override a will?

  Many people ask us here at Phelps LaClair about the difference between wills and trusts. To most, the revocable living trust looks a lot like a will. They wonder if a trust can replace a will, and whether they need to create a will if...

things to do in the summer phoenix
Top Five Fun Activities for a Summer in Phoenix, AZ

  At Phelps LaClair, we know it is important to take a break during the summer and enjoy friends, family and nature. Summer in Phoenix is a wonderful time to plan outdoor activities with your loved ones. Here are our top five things to do in...

how to avoid the generation skipping transfer tax
How to Avoid the Generation Skipping Transfer Tax

    If you understand and work with tax laws, your estate plan will be all the stronger for it. Knowing when certain taxes will apply, especially those that occur after your passing, is very important. Planning ahead is the only way to avoid incurring extraneous taxes...