Estate Planning is by nature a multi-generational undertaking. One of the primary reasons you plan is so you can leave your estate to your children and grandchildren. Once wealth is generated, it is important that it is not only preserved, but also nurtured, so it...
There are definitely important things to include in all estate planning: making sure all of your assets are covered, naming beneficiaries, and reducing tax burdens are a few items among that crucial list. But you also want to be aware of what should not be...
As a second generation firm in Estate Planning, Phelps LaClair has been helping folks like you understand the guardianship duties for aging parents in Phoenix and the surrounding area. A legal guardianship is similar to, but somewhat different from a power of attorney. What follows...
How would you like to win a million dollars playing golf? This weekend, someone will do just that. Golfing in Phoenix, Arizona enjoys its biggest boost of the year this weekend with the Phoenix Open at the TPC in Scottsdale. At Phelps LaClair, we all...
The proliferation of social media platforms and their widespread use by billions of people has created a new, essential aspect in planning your estate. We all have photos and videos we have created and uploaded to the internet. Some have used streaming services to gain...
Phelps LaClair (with offices in Phoenix, Chandler, and Mesa) serves the Phoenix Valley as a leader in estate planning. As part of our series on long-term care planning, this post will focus on one of the critical issues facing our elder community: estate planning for...
Phelps LaClair firmly believes that estate planning is one of the most important financial arrangements you will ever make. It makes your end-of-life wishes known and brings families great peace of mind. It determines how your assets are distributed among your spouse, descendants, and friends...
In our last blog post we discussed the benefits of forming a Limited Liability Company for asset protection, taxes, and company structure. Because Phelps LaClair is the leader in the Phoenix Valley when it comes to estate planning, we have many Estate Planning options for...
It’s WINTER in Phoenix! And while much of the United States has to shovel snow and tolerate frigid temperatures, in our neck of the woods (or desert), that means the weather is perfect for getting outside. At Phelps LaClair, we love going outdoors as part...
We have many important conversations within our families. With young children we need to answer the “Where did I come from?” question. When they approach the teenage years, we find ourselves discussing the same topic with a bit more detail. As they begin to think...