Estate planning can feel overwhelming, but it doesn’t have to be. Whether you’re just getting started or you’re revisiting your current plan, asking the right questions can help you make sure your wishes are protected. This checklist covers ten of the most important estate planning...
Are you one of the many Arizona residents who love horseback riding? Trail riding allows you to enjoy some gorgeous vistas, and it offers several health benefits as well! If you’re looking for some new places to explore on horseback, Arizona has a ton of great...
When people hear the word “estate,” they often imagine mansions, yachts, and massive investments. But the truth is, everyone has an estate. If you own anything at all—even just a house and savings account—you have an estate. So, what actually makes up an estate, and what...
If you’ve recently moved or you’re planning a move, reviewing your estate plan is a wise idea. Whether you’re moving for retirement, a job change, or just a fresh start, relocating to another state raises an important question: Should you move your trust to your...
Estate planning can get complicated. Especially when it involves distributing wealth among the members of a large family. For families that have built up substantial assets over multiple generations, maintaining harmony between family members takes some careful handling. To shed some light on the steps you...
Estate planning and retirement planning go hand in hand. Just like it's never too early (or too late) to start saving for retirement, it's always good to begin the estate planning process sooner rather than later. The good news? Even if you’re just getting serious...
Who needs asset protection planning? Is it necessary for everyone, or is it only important in certain situations? Asset protection planning is a key component of wealth management. The goal is to shield your wealth from being seized or used to satisfy a legal judgment. Not...
At Phelps LaClair, we love to spend time with our families out in nature. Getting outdoors and indulging in the scenery always puts us in a better mood. From hiking the gorgeous rocky landscapes or canoeing the rivers and lakes, to playing the golf courses...
A power of attorney (POA) is a legal document that lets you give someone you trust the authority to make decisions on your behalf. But how much authority does a power of attorney actually have? That depends on the type of POA, what’s written in...
If you choose, the same person you name as guardian for your minor children can serve a dual role as trustee. However, this decision takes some careful consideration. Having one individual serve both roles isn’t always the best idea. It can be complicated, impractical, and...