- Estate Planning Blog -

best retirement communities in phoenix, 55 plus communities in phoenix
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...

who needs estate planning? do I really need an estate planner?
Do I Really Need Estate Planning?

  Estate planning can sound inaccessible to some people, as if it’s an elite tool that’s not appropriate for everyone. If financial end-of-life planning isn’t a topic circulating through your peer group, it can seem far-off or irrelevant. However, neither of these assumptions are true.  Many people...

estate planning tax exemption, future of estate tax exemption
What is The Future of The Estate Tax Exemption?

    The future of the estate tax exemption is not yet concrete. However, we’re getting closer to understanding how wealthy estates may be affected if the bill known as The 99.5 Percent Act becomes law.  Currently, the federal estate tax exemption is $11.7 million for an individual...

how does the inheritance from a trust get taxed
How Does The Inheritance From a Trust Get Taxed?

    Some aspects of estate planning can be extremely complicated and lead to headaches—especially tax issues. Whether you’re the estate planner, the grantor, or a beneficiary, the experts at Phelps LaClair can answer all of your questions. You could be in the beginning phases of estate planning...

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