- Estate Planning Blog -

how to update a will, best way to update my will
What is the Best Way to Update your Will?

    A living will is something that communicates your end-of-life medical decisions and allows your family members to rest assured that they’re making the right choices, if you’re unable to make them yourself. Having a living will is an essential step in estate planning. However, even...

real estate letters
Reasons Why Rental Properties Are a Bad Investment

At Phelps LaClair, we design estate plans that protect your assets and investments, provide tax advantages and deal with end-of-life decisions. As a second-generation estate planning law firm, we can tell you that no investment is without risk. Rental properties are no exception. In our...

rental properties
Are Rental Properties A Good Investment?

Our clients at Phelps LaClair come to us because they are aware of our excellent reputation for designing bulletproof custom estate plans. They choose us when they want to know how to preserve and increase their wealth for the next generations. With the growing populations in...

choosing a beneficiary
Who Should You Choose As Your Estate Beneficiary?

Along with writing a will and naming a successor trustee, choosing a beneficiary is one of the most important elements of a good estate plan. At Phelps LaClair, we have 40 years of experience helping people to successfully pass on the wealth they have spent...

tax saving possibilities
What Are the Tax-Saving Possibilities in Your Estate Plan?

There are changes that are coming with a new Presidential administration in 2021. Changes in the Federal Tax Code are expected to be announced soon. At Phelps LaClair, serving Mesa, Chandler, Scottsdale, and the Phoenix Valley, we know one of the questions will concern the...

Quality of Life
Quality of Life in Old Age

Bette Davis once said, “Old age ain’t no place for sissies!” When we were younger, we may have thought she was just complaining about getting old. As we age, however, we come to appreciate the truth behind that statement. Phelps LaClair is a second-generation estate...

prince again
It Pays To Have A Trust—Prince’s Estate Battle

Prince is back in the news again. Early this month, the IRS announced that Prince’s estate was undervalued by $80 million. As you may recall, the probate battle over Prince’s estate has been dragging on since 2016. Every day that passes costs the estate money...

estate planning
Estate Planning Checklist: What You Need To Cover

No matter who you are, what you do, or what assets you have, you need an estate plan. For the past 40 years, Phelps LaClair has been helping individuals plan for the inevitable. Everyone needs some degree of estate planning, and an estate plan can...

emergency planning
Planning for Emergencies in Your Estate Plan

At Phelps LaClair, we like to say that failing to plan is planning to fail. This is especially true when emergencies happen. As estate planners, we take your interests to heart because you are the heart of our business. We do everything in our power...

Assets Held In a Trust Avoid Probate
Assets Held In a Trust Avoid Probate

Every estate planning law firm will advise you to avoid probate when and wherever possible. Phelps LaClair is no exception. We tell our potential clients what having an estate go through probate will entail. There will be court costs, legal fees, and time lost in...