- Estate Planning Blog -

transfer of property after death without will
Real Estate and Death Without a Will

If you recently lost a parent who did not set up a living trust, you likely have a lot of questions about what happens next. One of the main questions that come up after a parent dies without a will is “who gets the house?”...

What Happens to Property Not Included in a Trust?

You have probably heard over and over again that avoiding probate is a good idea, and that’s because it’s true! If you’re dealing with an estate in probate, you will face court costs, legal fees, and time lost. A slow-moving legal process, probate court cases...

leaving money to grandchildren in a trust
Leaving Money to Grandchildren in a Trust

  Upon the arrival of a sweet little bundle of joy, a grandparent’s thoughts often turn to the financial stability of their loved one’s future. Helping provide for your grandchildren by leaving them the assets you’ve accumulated is a common practice. However, the best way to...

how to find out if I'm named in a will
Is a Will Public Record in Arizona?

    After the grieving process has ended and the despair from losing someone close to you has lessened, you may find yourself ready to tackle some related paperwork, including finding out if you’re named in the will. This isn’t necessarily a difficult process, but it may...

can you be executor and beneficiary in arizona
Being Named Both Executor and Beneficiary in Arizona

  When a parent passes, sometimes we are shouldered with the heavy job of managing their after-death affairs. Unless this process is planned in advance and in detail with professional help, it quickly becomes a heartache.  Some bereft children are left asking themselves questions like, “How did...

crt estate planning
What Is a CRT and When Would I Use It?

  Are you curious about a charitable remainder trust (CRT) distribution or how it relates to estate planning? Learning more about estate planning vehicles like irrevocable trusts and charitable remainder trusts will help you select the right ones for your situation.  We’ll cover those topics here and...

waterfall hikes near Phoenix
Hikes with a Waterfall View Near Phoenix

  At Phelps LaClair, we like to stay healthy so we will be able to enjoy long lives with our families and friends. We also encourage our clients to engage in athletic activities that bring them joy, like indulging in hikes with special attractions like a...

can i put my house in a trust without a lawyer
Can I Put My House in a Trust Without a Lawyer?

  A trust has many attractive features when compared with a will. It lends you more control over your assets than a will, and items in a trust will not go into probate. Another big benefit is that a trust will also protect your privacy. Since...

how to fund a living trust
What Does it Mean to Fund a Living Trust?

  Have you recently created a living trust? That’s fantastic! Trusts are wonderful tools for protecting estate assets like bank accounts, money market accounts, properties, businesses, cars, boats, and more. Another big benefit of living trusts is that they keep your estate out of probate court....

putting a bank account in a trust
Naming a Trust as Beneficiary of a Bank Account

  When creating a revocable living trust, you must fund it in order for it to serve you. An unfunded trust can not hold the title to an estate. Any assets like bank accounts must be legally assigned or transferred to the trust. If you leave...