Are there important causes in your life that you would like to support even after you have passed away? By creating a charitable trust, you can control which assets will go to the charity of your choice. At Phelps LaClair, we help our clients develop...
When someone has a disability, setting up a special needs trust (SNT) will help ensure that they are cared for financially. Assets placed in an SNT offer financial support without affecting the beneficiary's eligibility for important government assistance program benefits. At Phelps LaClair, we want...
Getting specific is always important in estate planning, but it is especially crucial when it comes to blended families. Because a stepchild cannot automatically inherit from a stepparent, you must create or update your estate plan as soon as stepchildren enter your life. Neglecting to...
Did you know there are 565 different types of birds making their home in Arizona? While you can view many types of birds right in your backyard, there are lots of great spots for birding in Phoenix, Scottsdale, Mesa, and other cities in Maricopa County....
People use safes and vaults all the time to store valuable physical items like jewelry, antiques, money, and important documents. A digital vault acts much the same way—the only difference is that it protects non-tangible, digital assets. With today's lifestyles becoming more and more virtual, a...
Have you included power of attorney in your estate plan? Power of attorney (POA) is a legal document that grants someone the power to make important decisions on your behalf. However, there are many different types of power of attorney designations, and choosing the best...
Here at Phelps LaClair, we constantly talk about the importance of setting up an estate plan. Working with estate planning attorneys like us ensures your estate plan is customized to fit your specific needs. While you may be happy with your estate plan and familiar with...
When you’re planning your estate, it’s important that you understand the difference between a beneficiary designation vs. a will, so you can avoid costly mistakes that might impact your family’s future. At Phelps LaClair, we want to help you design an estate plan that has...
Chances are, you will need assistance paying for medical care as you get older. Maybe you develop a condition where you can no longer work, leaving you without insurance. Or perhaps you require care in a nursing home. Medical care is expensive, and if you...
Every day, thousands of brave men and women serve our country in the various branches of the military. With over 40 years of experience, it is an honor for Phelps LaClair to assist current and former military personnel with their estate planning needs. While the military...