Asset Protection Category Archives

Here are some tips on how to keep yourself and your loved ones safe during the scorching summer heat in Arizona

23 Jan Rock Climbing for Fun and Strength

Posted at 08:00h in Asset Protection, Estate Planning, Living Trusts, Living Will, NFA Gun Trusts, Power of Attorney, Special Needs Planning, Uncategorized by Phelps LaClair

You’ve worked hard all week. You’ve made countless business decisions, answered plenty of questions, attended quite a few meetings, and/or taken on scores of technical challenges. After all that mental strain your soul is longing to de-stress, and your body is asking for exercise. Sounds...

Close-up of two people signing paperwork at a desk.

23 Dec What Are the Advantages of an Irrevocable Trust?

Posted at 12:21h in Asset Protection, Irrevocable Trusts by Phelps LaClair

Most people think that trusts are only for the wealthy, or perhaps for families with complicated relationships. And while trusts are very useful in these situations, in reality, they can benefit just about anybody. Every year, our clients use trusts to keep their estates out...

asset protection planning, asset protection strategies, how to protect personal assets, who needs asset protection, estate planning attorney in Scottsdale

14 Apr Tips for Asset Protection

Posted at 06:15h in Asset Protection by Phelps LaClair

Who needs asset protection planning? Is it necessary for everyone, or is it only important in certain situations? Asset protection planning is a key component of wealth management. The goal is to shield your wealth from being seized or used to satisfy a legal judgment. Not...

how to protect personal assets when starting a business

27 Dec How to Protect Your Personal Assets As a Business Owner

Posted at 14:53h in Asset Protection, Business Owners by Phelps LaClair

Whether you’re considering starting a business or are already in the process of starting one, you’ll need to plan how you will protect your personal assets. Without the right protection, your personal assets could be taken in a lawsuit against your business. At Phelps LaClair,...

does arizona collect estate taxes, estate tax laws in arizona

23 Mar Does Arizona Collect Estate Taxes?

Posted at 08:32h in Asset Protection, Estate Planning, Living Trusts, Taxes by Phelps LaClair

Taxation on Wills and Trusts? Part of wise estate planning is to understand laws concerning taxation of wills and trusts before you or your beneficiaries need to act on them. Phelps LaClair, serving Chandler, Mesa, Phoenix, Scottsdale, and Gilbert, has been helping clients with the ins...

estate planning tips for newlyweds - married couple

20 Mar Estate Planning Tips For Newlyweds

Posted at 09:39h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair

At Phelps LaClair, we love the springtime. It’s a perfect time for looking ahead in anticipation of new life and new challenges. Spring is the time when a young man’s fancy turns to . . . well, you know. When birds are building nests and...

28 May Pros and Cons of Irrevocable Trusts

Posted at 11:27h in Asset Protection, Estate Planning, Irrevocable Trusts by Phelps LaClair

A trust fund is a legal document set up and funded by a grantor to help a beneficiary. It is administered by a trustee. At Phelps LaClair, serving Chandler, Mesa, Phoenix and Scottsdale, we have helped thousands of people create revocable and Irrevocable trusts. Most...

03 Aug 3 Ways to Pass on the Family Cabin

Posted at 09:30h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair

Developing a succession plan for your family cabin 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...

what is a pour-over will - man and woman looking at computer screen

07 Feb What Is a Pour-Over Will?

Posted at 16:30h in Asset Protection, Wills by Phelps LaClair

If you have set up a living trust or are considering one, you may need a pour-over will. This failsafe will protect any assets you neglected to add to your living trust. Whether you intentionally left some assets out, or simply forget about them, you...

three things to avoid when estate planning

08 Feb Three Things to Avoid with Estate Planning

Posted at 16:37h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair

There are definitely important things to include in all estate planning: making sure all of your assets are covered, naming beneficiaries, and reducing tax burdens are a few items among that crucial list. But you also want to be aware of what should not be...

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