A lot can change in three years. Just ask an iPhone salesman. And just as most millennials can't fathom carrying around the same phone for three years, you shouldn't consider keeping the same trust for any longer than that. You probably already know that among the...
One of the most crucial reasons to update your estate plan has to do with changes to your beneficiaries. An out of date trust that provides for the wrong beneficiaries (or the right beneficiaries in the wrong way) can spell disaster for a family. We...
“Certainty? In this world nothing is certain but death and taxes.” -Benjamin Franklin Yes, it's true. Death and taxes are the two things in life we can't avoid. Even more discouraging is the fact that after a lifetime of paying taxes, it's possible that your estate is...
Happy New Year from the Phelps LaClair Team! We hope 2017 brings with it much success and happiness to you and yours. Are you one of the lucky ones who checked estate planning off your New Year to-do list quite some time ago? If so, good...
Around this time every year, we tend to get a lot of questions about how to gift money or property without paying a tax. With that in mind, here's a brief overview of some basics you need to know before your generous end-of-the-year giving. When it...
With the holiday season now in full swing, many of us look for ways to show our gratitude by giving of our time and resources to those in need. But did you know that you can continue your legacy of giving right now and after...
Have you noticed that some social networking sites are starting to follow our lead when it comes to preparing for the future? A few, like Facebook, are starting to provide options for people to protect their "digital assets," just like we protect your financial assets...
October is Down Syndrome Awareness Month, and the Team here at Phelps LaClair have been honored to help celebrate the abilities and contributions of people with special needs. James and his son Ashton participated in the Sharing Walk that took place in Tempe a few...
Look, you guys…we get it. We’ve heard the Lawyer jokes, seen the lawyer memes, and listened with a sympathetic ear while our friends complained to us about “legaleze.” We know you’re fed up with attorneys who fit the stereotype and prey on the average Joe...
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