- Estate Planning Blog -

choosing a beneficiary
Who Should You Choose As Your Estate Beneficiary?

Along with writing a will and naming a successor trustee, choosing a beneficiary is one of the most important elements of a good estate plan. At Phelps LaClair, we have 40 years of experience helping people to successfully pass on the wealth they have spent...

tax saving possibilities
What Are the Tax-Saving Possibilities in Your Estate Plan?

There are changes that are coming with a new Presidential administration in 2021. Changes in the Federal Tax Code are expected to be announced soon. At Phelps LaClair, serving Mesa, Chandler, Scottsdale, and the Phoenix Valley, we know one of the questions will concern the...

Quality of Life
Quality of Life in Old Age

Bette Davis once said, “Old age ain’t no place for sissies!” When we were younger, we may have thought she was just complaining about getting old. As we age, however, we come to appreciate the truth behind that statement. Phelps LaClair is a second-generation estate...

prince again
It Pays To Have A Trust—Prince’s Estate Battle

Prince is back in the news again. Early this month, the IRS announced that Prince’s estate was undervalued by $80 million. As you may recall, the probate battle over Prince’s estate has been dragging on since 2016. Every day that passes costs the estate money...

estate planning
Estate Planning Checklist: What You Need To Cover

No matter who you are, what you do, or what assets you have, you need an estate plan. For the past 40 years, Phelps LaClair has been helping individuals plan for the inevitable. Everyone needs some degree of estate planning, and an estate plan can...

emergency planning
Planning for Emergencies in Your Estate Plan

At Phelps LaClair, we like to say that failing to plan is planning to fail. This is especially true when emergencies happen. As estate planners, we take your interests to heart because you are the heart of our business. We do everything in our power...

Assets Held In a Trust Avoid Probate
Assets Held In a Trust Avoid Probate

Every estate planning law firm will advise you to avoid probate when and wherever possible. Phelps LaClair is no exception. We tell our potential clients what having an estate go through probate will entail. There will be court costs, legal fees, and time lost in...

estate planning for business owners
Estate Planning Tips for Business Owners

As a business owner, your business is an important part of your legacy. You devote your life to establishing and maintaining a solid, sustainable business. Naturally, you want your business to remain in good hands. At Phelps LaClair, serving the Phoenix Valley, we care as...

estate planning team
Your Estate Planning Team in Arizona

The first step toward establishing a legacy for the next generation is to find a professional estate planning team that understands your needs and goals. And the biggest obstacle to taking this step is procrastination. For the past forty years, Phelps LaClair has been designing...

types of irrevocable trusts - coins and small plants
Types of Irrevocable Trusts

  Phelps LaClair is a second-generation estate planning firm in Gilbert, Arizona, where helping you plan for your family’s future isn’t just part of what we do, it’s all we do! In considering which type of legal document might be best to protect your legacy, you’ve...