- Estate Planning Blog -

Asset Protection - couple with two children next to apartment window
Understanding Asset Protection & LLC’s

Asset Protection is something that anyone with significant assets needs to consider. We live in a time when many Americans believe that they have the right to sue anyone at any time for any reason: nearly $300 billion in lawsuits is filed in this country...

Reason #8 to Update your Estate Plan: Your Decision Makers Have Changed

Decisions, decisions, decisions. Sometimes decisions are easy: two scoops instead of one, for example. Easy. But there are lots of decisions, especially in estate planning, that take a little more thought. One of the most important decisions you’ll make is selecting who will make decisions...

Reason#6 to Update Your Estate Plan: Your IRAs are not Protected

Over 25 years ago, Phelps LaClair founder Stephen Phelps decided that he would take advantage of the warm Arizona climate and try his hand at planting citrus trees. Well, try he did, and he soon had 30 citrus trees in his backyard! That may seem like...

Reason #4 to Review Your Estate Plan: Your Trust is not Properly Funded

A lot can change in three years. Just ask an iPhone salesman. And just as most millennials can't fathom carrying around the same phone for three years, you shouldn't consider keeping the same trust for any longer than that. You probably already know that among the...

Reason #2 to Review Your Estate Plan in 2017

“Certainty? In this world nothing is certain but death and taxes.” -Benjamin Franklin   Yes, it's true. Death and taxes are the two things in life we can't avoid. Even more discouraging is the fact that after a lifetime of paying taxes, it's possible that your estate is...