When you first begin your estate planning journey, chances are good you will hear a lot of different terms that may confuse you. Take “last wills” and “living wills,” for example. Are they the same thing? Or do you need both? Let’s take a closer...
If there’s one way the staff at Phelps LaClair likes to cool off during an Arizona summer then it’s with a big scoop of ice cream! Here in the Valley of the Sun, there are lots of great ice cream shops to choose from. Today...
Forming an LLC is a good way to protect your business assets in the event of a lawsuit or bankruptcy. However, if you’re considering creating an LLC, you may be wondering what happens to your ownership interest after you pass away. At Phelps LaClair, we’re...
Individual Retirement Accounts (IRAs) offer an excellent opportunity for people to save money in preparation for retirement. However, people who make more than a certain amount of money cannot contribute to a Roth IRA. But what if there was a way to contribute to a...
If you’re planning to leave your home or any other real estate property to someone else when you pass, a beneficiary deed can smooth out the process. At Phelps LaClair, we help Arizona residents bequeath property and avoid probate with a variety of reliable estate...
Whether you’re planning your own estate or settling a loved one’s, it’s important to understand how probate works. At Phelps LaClair, we help Arizona families design successful estate plans and smoothly administer their loved ones’ estates. We put together this guide to formal vs. informal...
Congratulations on setting an appointment to meet with an estate planning attorney! That is an important first step in setting up your estate plan. If this is your first time speaking with an advisor, chances are good you have questions on what to bring to...
There’s no way to deny the fact that summertime is hot here in Phoenix. Thankfully, there are lots of great places to chill out when the temperature heats up. Here’s a look at some of the best places to cool off in Phoenix and nearby,...
Creating a revocable living trust is a crucial step in estate planning. The trust allows you to protect your assets from probate after your death, while still allowing you to access and manage them during your lifetime. However, understanding what happens to a revocable trust...
If someone has chosen you to administer their estate after they’re gone, it’s normal to feel a little overwhelmed. Being the personal representative of an estate comes with many responsibilities. Luckily, the experienced team at Phelps LaClair is here to help you feel more at...