- Estate Planning Blog -

roller rinks phoenix - roller skates
Roll It Out! The Best Roller Rinks Around Phoenix

Looking for a local roller rink? Whether you want to take on a new habit, brush up on an old one, or just have a fun night out, there are plenty of roller rinks around Phoenix to choose from. The team at Phelps LaClair put...

how do I talk to my child about estate planning -- Asian woman lying on bed with two children
How to Talk to Your Children About Your Estate Plan

It can be very difficult to think about estate planning and making arrangements for your children after you pass on. Many people struggle to talk about these topics as well, and talking about estate planning with kids can be even harder. The experts at Phelps...

reasons for a trust
8 Reasons You Should Set Up a Trust

Trusts aren’t just for the wealthy, they’re for anyone looking to save their family time and money after they pass away. There are many reasons for creating a trust, from controlling the distribution of your assets to protecting loved ones with disabilities. At Phelps LaClair,...

what assets are subject to probate
What Types of Assets Are Subject to Probate in Arizona?

Probate is the legal process of transferring the ownership of a deceased person’s property to their heirs, and it can take a long time to complete. There are many types of assets that are automatically subject to probate unless you place them in a trust.  At...

last will vs living will -- two people sitting in chairs watching the sun set
Last Will vs. Living Will: What’s the Difference?

When you first begin your estate planning journey, chances are good you will hear a lot of different terms that may confuse you. Take “last wills” and “living wills,” for example. Are they the same thing? Or do you need both? Let’s take a closer...

what happens to an llc when the owner/a member dies
What Happens to an LLC After a Member Dies?

Forming an LLC is a good way to protect your business assets in the event of a lawsuit or bankruptcy. However, if you’re considering creating an LLC, you may be wondering what happens to your ownership interest after you pass away. At Phelps LaClair, we’re...

what is a backdoor ira -- Asian woman opening a blue door and smiling
What Is a Backdoor IRA?

Individual Retirement Accounts (IRAs) offer an excellent opportunity for people to save money in preparation for retirement. However, people who make more than a certain amount of money cannot contribute to a Roth IRA. But what if there was a way to contribute to a...

beneficiary deed arizona
How to Prepare a Beneficiary Deed in Arizona

If you’re planning to leave your home or any other real estate property to someone else when you pass, a beneficiary deed can smooth out the process. At Phelps LaClair, we help Arizona residents bequeath property and avoid probate with a variety of reliable estate...

formal vs informal probate
Formal vs. Informal Probate in Arizona

Whether you’re planning your own estate or settling a loved one’s, it’s important to understand how probate works. At Phelps LaClair, we help Arizona families design successful estate plans and smoothly administer their loved ones’ estates. We put together this guide to formal vs. informal...

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