Discussing estate planning and inheritance with your parents can be a difficult conversation. However, it is better to bring up the topic sooner rather than later, especially with elderly parents. At Phelps LaClair, we aim to give families peace of mind with sound estate plans....
If you recently lost a parent who did not set up a living trust, you likely have a lot of questions about what happens next. One of the main questions that come up after a parent dies without a will is “who gets the house?”...
Our last Phelps LaClair blog post was about aging successfully and how our attitude can make a huge difference in the process of aging. But it’s possible that even with a great attitude and good self-care, a time will come when we simply cannot manage...
Family is our most intimate social connection. And in past generations, it was assumed that younger generations would take care of the older generations. But in today’s society, two-income families and a plethora of community and social activities have changed the landscape of life as...
When your time comes, and the end of your life is approaching, you want to know you’ll receive the best possible medical care available. But what happens if you become incapacitated or are in a vegetative state? At that point, you’ll no longer be able...
Elder Care. It’s a hot topic for many, especially when it comes to estate planning. None of us wants to think about the possibility of ending up in a long-term care facility like a nursing home. But it’s a reality we’ve got to think about...
Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...
There's nothing worse than watching your hard-earned assets dwindle during your golden years. But that is exactly what can occur as a result of spending time in a long-term care facility. Unfortunately, more than half of older Americans will end up in a skilled nursing...
At Phelps LaClair in Gilbert, Chandler and Mesa, we often get questions like: “What is the difference between wills and estate plans?” We know from 40 years of experience that wills cannot encompass all the complexities of end-of-life issues. If you have any property at...
You and your spouse are both vital and healthy, and you don’t plan on getting sick. Why then, should you make the effort now to prepare for end-of-life issues? After all, you’re confident you’ve set aside enough retirement funds to give you plenty of leeway,...