In our most recent blog post we touched on several options for passing on your rental properties and real estate investments to your beneficiaries. In this post, we will look at additional factors to consider in your end-of-life planning as a real estate owner. At...
Only two things are certain, as they say: death and taxes. If you’re a real estate investor, you probably already plan for the certainty of paying taxes on your rental properties. But do you have a plan in place, should something happen to you? Phelps...
At Phelps LaClair in the Phoenix Valley, Living Trusts (and in particular, Revocable Living Trusts) are a mainstay of our estate planning. But for a living trust to be entirely effective, several steps need to be taken. First comes the important task of fully funding...
There are many hidden gems in the Phoenix Valley; natural landmarks; historical firsts; interesting eateries and pubs; and Jeffrey LaClair. Yes, we include our very own Phelps LaClair attorney, Jeffrey LaClair, in that list of hidden gems. Jeffrey has strong experience and much wisdom regarding...
An important step in estate planning is to complete the paperwork for a durable power of attorney (POA). There are two types of powers of attorney, a financial POA and a health POA. A financial power of attorney document provides for someone of your choosing...
Today’s blog post visits the past with a curious look at the earliest will in history, and a quick jaunt through some strange ideas for bequeathing estates to family members or friends. At our Phelps LaClair offices located in Mesa, Chandler, and Phoenix, AZ, we’ve...
At Phelps LaClair, serving the Phoenix Valley, we’re passionate about helping others prepare for the future by creating estate plans that involve a strong long-term care plan. An effective estate plan covers several crucial financial bases. First, it provides an adequate financial base for your...
As you look forward to your retirement years, Medicaid is one possible income source to help provide for future Long-Term Care needs. It’s possible to be Medicaid eligible and still protect your financial assets for future generations. There’s a secret to being Medicaid eligible though,...
Both a Living Trust and a Will are legal documents that state how you want your financial assets to be distributed after your death. But what’s the difference between a living trust and a last will and testament? Is one better for protecting future beneficiaries...
Pope John Paul II said, “The future starts today, not tomorrow.” As an estate planning law firm in Mesa, Chandler, and Phoenix, Phelps LaClair has helped many families with planning their estates. We can affirm Pope John Paul II’s words: planning today for tomorrow is...