- Estate Planning Blog -

1st estate plan
Estate Planning Basics: Your First Estate Plan

  The first experience doing anything new can be a time of tension and indecision. You are in unfamiliar territory without much of a map. You go online, you research as best you can, you seek advice from experienced friends; but in the end, you feel...

Chad Boseman
Chad Boseman Left No Will—Why You Need One

There are so many unknowns in life. When we are young, we wonder what we will be when we grow up. As we enter young adulthood, we wonder who we will marry (or even if we will marry). We wonder about career, status, employment, friendships...

inheritance tax arizona - tax time note and tax forms
Do I Need to Pay Tax on My Inheritance in Arizona?

  Do I need to pay tax on inheritance in Arizona? As a premier estate planning law firm in Phoenix, Chandler, and Mesa, this is a question we often hear at Phelps LaClair. Our estate plans are custom designed to protect your assets and minimize tax...

holiday fitness
Holiday Fitness

At Phelps LaClair, we know it is important to take a break from work and enjoy friends, family and life itself. After all, rest is what rejuvenates us and allows us to reset our priorities and even our direction in life. At this time of...

foreign assets part 2
Estate Planning With Foreign Assets Part 2

  In a recent blog post, we discussed two aspects of estate planning with foreign assets: taxation and wills. In this post, we will expand on the topic of international property ownership and valid wills. Phelps LaClair is a second generation estate planning law firm serving...

planning with foreign assets
Estate Planning With Foreign Assets

  Many of our clients at Phelps LaClair have property and financial holdings in foreign countries. They may own property in a nation other than the US. Or, they may have offshore bank accounts or stocks in foreign based companies. There are special considerations in estate...

tax strategies
Tax Strategies Post-Election

No matter who is elected (or re-elected) on November 3, estate planning tax strategies post-election will need to be reassessed. Phelps LaClair is a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale. Helping our clients to navigate changing tax laws is...

digital assets and estate planning
Digital Assets and Estate Planning

Digital assets are an important part of every estate plan. Most people have more digital assets than they realize. Online bank accounts, social media, online retail accounts, etc., are part of modern life that we all take for granted. But they are easy to overlook...

veterans asset protection trust arizona - four people in uniform walking holding the American flag
The Veterans Asset Protection Trust

  There's nothing worse than watching your hard-earned assets dwindle during your golden years. But that is exactly what can occur as a result of spending time in a long-term care facility. Unfortunately, more than half of older Americans will end up in a skilled nursing...

asset protection trust arizona - elderly person sitting on bench looking out across a lake near mountains
Medicaid Asset Protection Trust in Phoenix, Arizona

  Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...