- Estate Planning Blog -

6 tips for DIY bicycle maintenance - close up of rusted chain of a bicycle
6 Tips for Easy DIY Bicycle Maintenance

At Phelps LaClair, we think it’s a great time of year to be outdoors in Phoenix. The weather is not too hot, spring flowers are in full bloom, birds are singing, and there is beauty everywhere! One of the best ways to enjoy exploring new...

can you dissolve a trust - scales with clock on one side and money on other side
Can You Dissolve a Trust?

At Phelps LaClair, we are estate planners with more than 40 years of experience in creating exceptional estate plans. We have served thousands of satisfied clients in the Phoenix Valley to enable them to protect their assets and successfully pass on their wealth when they...

Living Will vs Living Trust - person in front of a blurred building
Living Will vs Living Trust

In the world of estate planning, there are similar terms that define very different planning goals. For instance, at Phelps LaClair, we hear this question a lot: “What is the difference between a Living Will and a Living Trust?” As a 2nd generation law firm,...

divorce and trusts - thoughtful person looking out of a window
Divorce and Trusts

Nobody gets married planning to divorce down the road. But sadly, nearly half of all marriages do end in divorce. As estate planning lawyers with 40 years of experience, Phelps LaClair knows what happens to a trust in a divorce. Wills Wills and trusts are different, of...

trust distribution tax - 1040 tax return form
Trust Distribution Tax

Every April the Internal Revenue Service comes knocking on the door, looking for 1040s, 1099s, Schedule Cs, and a check for the bottom line. At Phelps LaClair, serving Mesa, Chandler, Gilbert, and the Phoenix Valley, we are sometimes asked by our clients if they will...

Revocable Living Trust Myths - gavel striking down
Revocable Living Trust Myths

Phelps LaClair, serving Chandler, Mesa and Gilbert AZ, is a second generation estate planning firm. In consulting with thousands of clients over the years, we have learned there are many misconceptions about wills and trusts. Here are 3 of the most common Revocable Living Trust...

fun things to do in April in Phoenix - bicycle in front of a wall with framed art pieces
Fun Things to do in April in Phoenix

All work and no play is not a healthy lifestyle. We need to take time out to decompress from the daily grind. Sleep, diet, and exercise are essential; so are rest and recreation. In the spirit of relaxation, Phelps LaClair, a second generation estate planning...

how to give a house away - row of four houses
How to Give a House Away

At Phelps LaClair, we’ve been doing top-notch estate planning for several generations. Part of that is planning for asset protection. Another part is helping you to understand financial advantages when it comes to leaving an inheritance. One big inheritance question that we’re asked has to...

estate planning tips for newlyweds - married couple
Estate Planning Tips For Newlyweds

At Phelps LaClair, we love the springtime. It’s a perfect time for looking ahead in anticipation of new life and new challenges. Spring is the time when a young man’s fancy turns to . . . well, you know. When birds are building nests and...

Long-Term Care Insurance Needs in Arizona - calculator, pen and numbers on a paper
Long-Term Care Insurance Needs in Arizona

At Phelps LaClair, we’ve been helping families in Chandler, Mesa, and Gilbert plan ahead for more than 40 years, and through multiple generations. We understand elder law, tax law, and estate planning. And we’d like to shed some light on long-term care insurance needs in...