Taxation on Wills and Trusts? Part of wise estate planning is to understand laws concerning taxation of wills and trusts before you or your beneficiaries need to act on them. Phelps LaClair, serving Chandler, Mesa, Phoenix, Scottsdale, and Gilbert, has been helping clients with the ins...
A Pet Trust legally specifies your desires for the ongoing care of your much-loved family pet after you’ve passed away or become incapacitated. In the first blog post of this two-part series about Pet Trusts and Estate Planning, we introduced the concept and explained why...
When you’re making plans to secure your assets for future generations, there is one family member you don’t want to forget: your beloved pet. You’ll be glad to know, 50 states in America and the District of Columbia have all enacted pet trust laws. Phelps...
If you live in Arizona and you’ve been thinking about protecting your financial assets for the future, it’s wise to understand the state’s legal processes concerning wills and trusts. James Phelps is a second generation estate planning attorney at Phelps LaClair, serving Chandler, Mesa, and...
Living Trusts involve making wise decisions in order to protect your financial future. Good Living Trusts successfully designate who inherits your estate after you’ve passed away and when the finances are distributed. A good plan also protects your hard-earned finances and assets from loss and...
As the saying goes, experience is a great teacher. Added to two generations of legal know-how, experience has given Phelps law (in Chandler, Mesa, and Phoenix Arizona) tremendous foresight in setting up our clients’ estates for a successful future. We know what works and we...
At Phelps LaClair, we love seeing people live life to the fullest. Estate planning is our way of helping you develop a financially prosperous future, but we also want to see you live well in the present, enjoying the advantages of all-around well-being. In the...
When your time comes, and the end of your life is approaching, you want to know you’ll receive the best possible medical care available. But what happens if you become incapacitated or are in a vegetative state? At that point, you’ll no longer be able...
When it comes to personal medical care, we all want to feel empowered to make choices that fit with our beliefs and desires. But if we become incapacitated or slip into a coma, unless we’ve already set in place a Living Will, the power for...
You’ve worked hard. And with good financial planning, you’ve been able to set aside a nest egg that amply provides for a comfortable retirement. In addition, you’ve been able to generously care for your special needs child throughout his or her childhood, and into adulthood....