Everybody needs to have regular exercise to stay healthy. Yes, we are an estate planning law firm, but Phelps LaClair is also big on exercise as a way of increasing life satisfaction, good health, and longevity. But not every form of exercise needs to be...
As a second generation estate planning law firm, we at Phelps LaClair understand the anticipation of retirement. Retirement planning, like estate planning, requires an honest assessment of your dreams, desires and goals for your golden years. Estate planning deals with your assets: financial accounts, real...
The unsettled estate of a deceased celebrity is back in the news. We recently discussed the problems surrounding Aretha Franklin’s multimillion dollar estate, which is now in probate. Had she established a living trust instead of leaving a handwritten will, the estate would not have...
Which are the best vehicles for estate planning: living trusts or limited liability corporations? Phelps LaClair has prepared thousands of estate plans for our clients in the Phoenix Valley. We can say with certainty that there is no “one size fits all” estate plan. Some...
Boomers OK, Boomers—it’s time to consider some wisdom from Phelps LaClair! Popular culture would have us believe that life is a never-ending party. As a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale, we know that you need an estate plan. Because...
Failing to plan is planning to fail. That may seem over the top, but if you don’t have a life plan in place, you are at the mercy of circumstance. If you are one of our clients, you already know that your estate plan is...
The Waste Management Phoenix Open is right around the corner. It is one of the best events on the PGA Tour, played on one of the most interesting courses in the world. It’s four days of fun in the sun and it’s right here in...
At Phelps LaClair, we are often asked how long it takes for a trust to be distributed. In our experience as a second generation law firm, we know that the general rule is to have the trust distributed within a reasonable time. But what does...
At Phelps LaClair, we think it’s a perfect time to make some estate planning New Year’s resolutions. The holidays are over and the credit card bills haven’t yet arrived. The pressure is off for now, so it’s the perfect time to better plan for 2020...
Planning a trip to Lowe’s or Home Depot for the next project is always fun for the hobbyist in the family. You make your plans on paper and make a list of materials you need, then you head off to the forest of possibilities. It’s...