- Estate Planning Blog -

estate planning for business owners
Estate Planning Tips for Business Owners

As a business owner, your business is an important part of your legacy. You devote your life to establishing and maintaining a solid, sustainable business. Naturally, you want your business to remain in good hands. At Phelps LaClair, serving the Phoenix Valley, we care as...

estate planning team
Your Estate Planning Team in Arizona

The first step toward establishing a legacy for the next generation is to find a professional estate planning team that understands your needs and goals. And the biggest obstacle to taking this step is procrastination. For the past forty years, Phelps LaClair has been designing...

types of irrevocable trusts - coins and small plants
Types of Irrevocable Trusts

  Phelps LaClair is a second-generation estate planning firm in Gilbert, Arizona, where helping you plan for your family’s future isn’t just part of what we do, it’s all we do! In considering which type of legal document might be best to protect your legacy, you’ve...

Single parent
Estate Planning for Single Parents

The idea that only elderly or wealthy people need an estate plan is absolutely false. Everyone needs an estate plan no matter how large or modest your assets are. At Phelps LaClair, we have been serving clients in the Phoenix Valley for over 40 years....

Leftover turkey
What to Do With Your Leftover Thanksgiving Turkey

It’s that time of year: the season of celebration. You're probably already thinking about what to do with leftover turkey! At Phelps LaClair, we love to gather together with friends and family for special occasions. And here we are in the last few weeks of...

how to dissolve a trust - hand signing legal document
How to Dissolve a Living Trust

  At Phelps LaClair, we are estate planners with more than 40 years of experience in creating exceptional estate plans. We have served thousands of satisfied clients in the Phoenix Valley to enable them to protect their assets and successfully pass on their wealth when they...

Pet Trust
Estate Planning: How to Set Up A Trust For Pets

At Phelps LaClair, we know the value and esteem that some folks have for their companion animals and pets. Many people ask us if pets can be included in a will. The answer is a resounding yes! In fact, for many pets of the rich...

better to have will or trust
Is it Better To Have a Will or a Trust?

  Last Will and Testament—This is what many people think estate planning is. The truth is that while a will is part of it, an estate plan is so much more. At Phelps LaClair, we believe that everyone needs an estate plan, no matter how much...

member-managed vs manager-managed llc in arizona - man working at desk
Member-Managed or Manager-Managed LLCs In Arizona

  If you’re thinking of starting a business in Arizona,  you want to do it right. You’ve probably heard about a Limited Liability Company, or LLC, and you may be considering this as an option for your startup company. There are many benefits to forming an...

1st estate plan
Estate Planning Basics: Your First Estate Plan

  The first experience doing anything new can be a time of tension and indecision. You are in unfamiliar territory without much of a map. You go online, you research as best you can, you seek advice from experienced friends; but in the end, you feel...