Did you know, children of baby boomers are due to inherit more wealth than ever before? It has been estimated baby boomers will inherit $12 trillion from their parents, and they will leave an additional $30 trillion to their own children over the next 30 to 40...
Everyone has their own unique personality, distinct perspective, and, therefore, different needs in their lives. Phelps LaClair understands that one size does not fit everyone perfectly and that is why we tailor our estate planning services to each person that comes in. We serve the...
People typically think about Estate Planning only in the context of their big assets. These assets could be their house, various investments, business assets etc.. But what about all the “little stuff” around the house? Phelps LaClair wants to clarify ways to help with estate planning...
We have gotten on board with the new craze; paddle boarding! Phelps LaClair has found that, after a day of providing trusts, wills, and documents to protect you and your loved ones assets, a great way to release is through paddle boarding. We believe in...
The easiest and clearest way to leave someone money, possessions, or valuables when you pass away is through choosing a beneficiary. The decision of who to make your beneficiary should be carefully considered and can change with significant life events or legal requirements. Making the...
Over the 4th of July weekend, I came home from a trip to one of my favorite places on earth: Alpine, Arizona. This is where my family has had a cabin since I was 5 years old. The cabin itself doesn’t amount to much, but...
Developing a family cabin succession plan requires long-range planning that involves the whole family. This may seem obvious, but cabin owners should confirm that each child or other prospective new owner has an interest in becoming a cabin owner. After it’s determined that there is cooperation...
Establishing your future through effective estate planning is a smart move that can save you time and money. Utilizing a living trust limits the risks of your assets being tied up in court by probate, can save estate taxes, and protect inheritances for your loved...
Brown. Dry. Heat waves gleaming off the rocks. Cacti surrounding you. Thirst that seems unquenchable, and only sand in sight. Is this the picture you get when you think of the desert? Most people think of the desert as a wasteland that has nothing to...
Trying to get your estate aligned on your own is a daunting task. Ensuring you do not miss any documents in and of itself can be stressful. Even then, how can you be completely sure you didn’t forget something to add to the plan? Are...