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...
With a well-designed estate plan, you can continue to provide for your children after you are gone. However, leaving an inheritance to a minor child is different than leaving an inheritance to an adult. At Phelps Law, we want to help you understand how to...
Whether you’re considering starting a business or are already in the process of starting one, you’ll need to plan how you will protect your personal assets. Without the right protection, your personal assets could be taken in a lawsuit against your business. At Phelps LaClair,...
Happy New Year! Here at Phelps LaClair, we love this time of year. It’s a great time to reflect on the past year and the perfect time to set aspirations for the year ahead. Were you able to achieve the goals you set for yourself...
Discussing estate planning and inheritance with your parents can be a difficult conversation. However, it is better to bring up the topic sooner rather than later, especially with elderly parents. At Phelps LaClair, we aim to give families peace of mind with sound estate plans....
When going through the estate planning process, you may encounter words and phrases you’re not familiar with. One of the most misunderstood terms is “power of attorney.” Here at Phelps LaClair, we want our clients to fully understand every aspect of their estate plans. In...
For Phelps LaClair staff, nothing says “Happy Holidays” more than enjoying beautiful displays of festive lights. While we may not get a winter wonderland here in the Valley of the Sun, our chilly nights are perfect for walking or driving through beautiful Christmas lights in...
Joint tenancy vs. community property—what’s the difference? Both are common ways for two people to hold a property title together equally in Arizona. These ownership structures both involve the right of survivorship, ensuring that a surviving co-owner inherits the property upon the other’s death. How you...
There may come a time when you want to withdraw money from your individual retirement account (IRA). Perhaps you wish to use it to pay for college expenses for yourself or your children. Maybe you recently had a baby and could use some extra income....