James Phelps was interviewed on TV3’s Your Life Arizona this past week and answered some questions about estate planning. James is the managing partner at Phelps LaClair, with offices in Phoenix, Chandler, and Mesa. Phelps LaClair is approaching their 40th year in estate planning. During the...
Aretha Franklin has been in the news this week. She died last August without a will, and her estate of $80 million dollars has been tied up in probate court. It was announced several days ago that as some of her belongings were being moved...
What happens after the grantor of revocable living trust dies? Phelps LaClair, serving Mesa, Chandler, and Phoenix, has heard this question hundreds of times. In fact, revocable living trust distribution is one of the things written into every trust we design. But if you have...
In the world of estate planning, there are similar terms that define very different planning goals. For instance, at Phelps LaClair, we hear this question a lot: “What is the difference between a Living Will and a Living Trust?” As a 2nd generation law firm,...
Nobody gets married planning to divorce down the road. But sadly, nearly half of all marriages do end in divorce. As estate planning lawyers with 40 years of experience, Phelps LaClair knows what happens to a trust in a divorce. Wills Wills and trusts are different, of...
Every April the Internal Revenue Service comes knocking on the door, looking for 1040s, 1099s, Schedule Cs, and a check for the bottom line. At Phelps LaClair, serving Mesa, Chandler, Gilbert, and the Phoenix Valley, we are sometimes asked by our clients if they will...
Phelps LaClair, serving Chandler, Mesa and Gilbert AZ, is a second generation estate planning firm. In consulting with thousands of clients over the years, we have learned there are many misconceptions about wills and trusts. Here are 3 of the most common Revocable Living Trust...
At Phelps LaClair, we love the springtime. It’s a perfect time for looking ahead in anticipation of new life and new challenges. Spring is the time when a young man’s fancy turns to . . . well, you know. When birds are building nests and...
At Phelps LaClair, we’ve been helping families in Chandler, Mesa, and Gilbert plan ahead for more than 40 years, and through multiple generations. We understand elder law, tax law, and estate planning. And we’d like to shed some light on long-term care insurance needs in...
It’s a dark topic that has been hidden for many years by caretakers and nursing professionals. Thankfully, in recent years the subject has been brought out into the open. We’re talking about elder abuse. At Phelps LaClair in Phoenix, AZ, we do estate planning. And...