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...
Getting your affairs in order doesn’t just secure your family’s future after your death. By appointing someone with power of attorney (POA), you can also protect your own future in the event of a serious illness. At Phelps LaClair, we want to help you design...
Wondering what you will have to do if someone names you as trustee or what you’re really asking of the person you want to name as trustee? Understanding what the duties and responsibilities of a trustee entail can help make accepting or assigning the role...
Another year is upon us, and every year the time seems to go by more quickly. If you’re at retirement age or nearing it, you may be starting to feel that your time for making preparations is running out. Maybe you haven’t been saving as...
While the holidays may be over, that doesn’t mean all the winter fun has to end! One of the favorite winter activities of the Phelps LaClair staff is ice skating. Even though we live in a desert climate, there are plenty of great ice skating...