In Arizona, probate can become active for any estate valued at $75,000.00 or greater, and it can cause your estate to be held up in court for months, or even longer. Probate also involves attorney fees and additional court costs, all of which can easily...
These days, estate planning must include being financially prepared for the possibility that you or your spouse could require help as you age. In a society where husbands and wives are both typically part of the workforce, your busy family members may not be able...
For Elder Law in Phoenix, Chandler, or Mesa, you need a law firm with a good understanding of 3 important financial aspects as they relate to your portfolio: estate planning, elder law, and tax law. Phelps LaClair has been helping families successfully prepare a legacy...
You’ve begun to set in place a Living Trust that will protect your assets and keep your estate from going through the expense and delay of probate. But there’s one area of your planning that has been causing you a bit of difficulty: you’re struggling...
Let’s face it: as much as popular culture would like to deny it, our bodies age. When we’re young and raising families, we’ve got loads of energy and stamina, especially if we also have a robust exercise regime. But as we grow older, our physical...
Teaching your children about money is an essential part of parenting. In an age where credit card offers are prolific, and prohibitively high interest rates can lead to spiraling debt cycles, the training that children (or grandchildren) receive about money can make or break their...
In our last blog post, we discussed several important factors to consider in regard to Long-Term Care Insurance (LTCI). It’s one viable choice for being ready, in the event that you or your spouse should ever need long-term care in the form of custodial care...
As an estate planning firm, Phelps LaClair (serving the greater Phoenix metropolitan area), has much to say about planning ahead. In America, we plan for a career by pursuing a good education; or we save money for a downpayment in order to purchase a home....
There are many kinds of trusts, and sorting through which one is right for your estate plan can feel a little like trying to figure out the best car to buy among the more than 240 models available in the United States. Fortunately, there are...
If you’re new to estate planning, you may feel a bit of confusion about some of the words and labels used to a describe the different options available to you. Don’t worry, you’re not alone. At Phelps LaClair, located in Phoenix, Chandler, and Mesa Arizona,...