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...
DIY, or do-it-yourself, has become a common phrase in modern language. And while a DIY attitude may work well to foster creativity for daily life, when it comes to estate planning, DIY can cause devastating complications—which is the last thing you want your family to...
When going through the estate planning process, you may encounter words and phrases you’re not familiar with. One of the most misunderstood terms is “power of attorney.” Here at Phelps LaClair, we want our clients to fully understand every aspect of their estate plans. In...
Being a first responder is a high-risk job, so it’s important to plan for your family’s future in the event that something happens to you in the line of duty. At Phelps LaClair, we’re grateful for everything that our local first responders do for our...
Mother’s day is coming up, and that means Moms all over the world will be honored for their nurture, training, and love. If you’re a mother, we want you to know we value your role as an influencer more than any other person’s role in...
We know we are a law firm that specializes in all your estate planning needs, but we also want to help you unwind through fun events this summer. Arizona can be seen as too hot to enjoy, but we disagree. There are so many family...
Christmas in the desert: can it really be that festive? We shout out a resounding "YES" to answer that question! Phoenix has a tremendous amount to offer when it comes to Yuletide festivities. Phelps LaClair, located in Gilbert and Scottsdale, is passionate about estate planning,...
People use safes and vaults all the time to store valuable physical items like jewelry, antiques, money, and important documents. A digital vault acts much the same way—the only difference is that it protects non-tangible, digital assets. With today's lifestyles becoming more and more virtual, a...
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,...
Upon the arrival of a sweet little bundle of joy, a grandparent’s thoughts often turn to the financial stability of their loved one’s future. Helping provide for your grandchildren by leaving them the assets you’ve accumulated is a common practice. However, the best way to...