- Estate Planning Blog -

Does a Living Trust Protect your Assets from Lawsuits?

aaa Does a Living Trust Protect your Assets from Lawsuits? Protecting your assets is vital to you. And they face many potential risks during your lifetime, such as: lawsuits, divorce, creditors, or bankruptcy. Some people choose to dissolve a living trust to protect their assets in a...

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Why It’s Never Too Early to Start Estate Planning

    When you hear the term estate planning, the first thing you probably think about is a person in their mid-60’s, or older. Well today we’re going to challenge your perception. What if we told you that you should have an estate plan much earlier than...

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Three Golden Rules of Estate Planning

    When making your estate planning checklist, there are three “golden rules” you should follow. These estate planning rules will help you ensure you’re getting the most out of your hard work, and preserving your estate for years to come. Rule #1: Be Clear and Intentional The most...

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What is a Retirement Plan Trust?

    One major part of your estate may be your retirement account. Placing your retirement funds in a trust account is not possible while you are still living. However, there is one trick you can use to ensure your individual retirement accounts are protected, and the...

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When & Where to See The Salt River Wild Horses in Arizona

  Salt River Wild Horses Hiking around Phoenix is one of our favorite ways to exercise. And hiking while gazing at wild horses? That’s just a treat. Surprisingly, the Salt River wild horses have likely been in America for generations. Horses are not native to North America,...

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What is The New Estate Tax Exemption for 2021?

    Due to the Tax Cuts and Jobs Act signed into law in 2017, the estate tax exemption limit has been gradually increased over the past four years. The estate tax exemption in 2020 was $11.58M. This year the estate tax exemption in 2021 is increasing...

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Why You Need an Estate Planning Tax Advisor

    It’s important for you to have an estate plan that works for you and your family—not a boilerplate plan written by someone unfamiliar with your situation. An estate tax planning advisor is a key element to creating the most effective plan for you.   What is estate...

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Tempe Town Lake Paddle Boarding & Kayaking

      Winter is such a wonderful time in Phoenix! With temperatures hovering around 75 degrees it’s a perfect time to get outside and enjoy the scenery. Fitness is important to us here at Phelps LaClair. We consider a big part of staying healthy and happy.  However, not...

trust distribution method
How are Trust Assets Distributed to Beneficiaries?

      You can control how trust assets are distributed to your beneficiaries. Choosing the right trust distribution method will help protect your estate. It can be a complicated matter that’s best sorted out with the advice of an experienced lawyer.  An estate planning attorney can help you...

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7 Estate Tax Planning Strategies

    You have worked hard to build your estate. Every purchase, every investment, every financial decision has been made so you can leave an inheritance that is also a legacy. Phelps LaClair, serving Phoenix, Chandler, and Mesa, is a second generation estate planning law firm dedicated...