- Estate Planning Blog -

right estate plan - cartoon graphic of a piggybank
Teaching Your Children and Grandchildren about Finances

Teaching your children about money is an essential part of parenting. In an age where credit card offers are prolific, and prohibitively high interest rates can lead to spiraling debt cycles, the training that children (or grandchildren) receive about money can make or break their...

Long-Term Care - arrow embedded in a red and white wall
Long-Term Care Insurance, Part 2: Pros and Cons

In our last blog post, we discussed several important factors to consider in regards to Long-Term Care Insurance (LTCI). It’s one viable choice for being ready, in the event that you or your spouse should ever need long-term care in the form of custodial care...

Long-Term Care - arrow embedded in a red and white wall
Long-Term Care Insurance, Part 1: Factors to Consider

As an estate planning firm, Phelps LaClair (serving the greater Phoenix metropolitan area), has much to say about planning ahead. In America, we plan for a career by pursuing a good education; or we save money for a downpayment in order to purchase a home....

types of trusts - front view of a large stone house
Types of Trusts Used in Estate Planning

There are many kinds of trusts, and sorting through which one is right for your estate plan can feel a little like trying to figure out the best car to buy among the more than 240 models available in the United States. Fortunately, there are...

revocable living trusts - open book in a large library
Revocable Living Trusts – Terms Defined

If you’re new to estate planning, you may feel a bit of confusion about some of the words and labels used to a describe the different options available to you. Don’t worry, you’re not alone. At Phelps LaClair, located in Phoenix, Chandler, and Mesa Arizona,...

elder care attorneys - person in suit writing on paper
What Does an Elder Care Attorney Do?

Phelps LaClair, serving the Phoenix Valley, is an estate planning firm with experience in tax law and elder care law. We understand the ins and outs of Arizona law as it relates to each of these areas, and we know how to help you create...

long-term care plan - two hands shaking
An Estate Plan and Long-Term Care Plan MUST Work Together

Your estate plan and your long-term care plan MUST work together. Why? Before we answer that question, we’ll start by briefly explaining the major factors involved in setting up each plan. We’re Phelps LaClair, located in Chandler, Mesa, and Phoenix Arizona. As an estate planning...

Living will in Phoenix - blinding sun above the city skyline
Phoenix AZ – Stay Safe in the Summer Heat

In Phoenix Arizona during the summertime, the temperatures can soar. The hottest temperature ever recorded in our fair city was on June 26, 1990. On that day, the thermometer peaked at a sweltering 122 degrees Fahrenheit! As a second generation, estate planning law firm in...

elder care attorneys - four people in uniform walking holding the American flag
The Veterans Asset Protection Trust

The Veterans Asset Protection Trust There's nothing worse than watching your hard-earned assets dwindle during your golden years. But that is exactly what can occur as a result of spending time in a nursing facility. Unfortunately, more than half of older Americans will end up in...

elder care attorneys - elderly person sitting on bench looking out across a lake near mountains
Phoenix Arizona Medicaid Asset Protection Trusts

Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...