We all know the commercial that asks the question: what’s in your wallet? Well, we want to know: what’s in your estate plan? While a wallet carries ID, bank cards and cash, an estate plan contains so much more. In addition to your liquid assets...
A common question we get at Phelps LaClair is, “What happens to my stuff if I die without a will?” As estate planning attorneys with 40 years of doing business in Phoenix, we know that most people think that your “stuff” automatically goes to your...
When is the best time to create an estate plan? As a young person, you think you are invincible, so it doesn’t occur to you to plan ahead to old age. Later, when you are involved in your career, you often feel too busy to...
Phelps LaClair is a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale. Our business is designing estate plans that will protect your assets while you are living and help you to pass them on to your beneficiaries when the time comes....
In this epidemic, people are very frightened by something they cannot see and cannot control. It is something that confronts us every day with dire statistics, masks and depressing news reports. As an estate planning law firm, Phelps LaClair knows how to build security for...
Since March, many of us have been working remotely at least part of the time. The COVID shutdown has created a new workspace reality. We are used to having virtual meetings, access to social media without restriction, and almost unlimited scheduling flexibility. With our computers,...
“I’m a busy professional! I don’t have time to sit and make an estate plan!” We have heard this from time to time at Phelps LaClair. As a second generation estate planning law firm, our profession is designing bulletproof estate plans that preserve your wealth...
“Kids! What’s the matter with kids today?” This famous song from Bye, Bye Birdie! Tells the feelings of both love and frustration that parents have concerning their children. At Phelps LaClair, we have experienced the deep emotions that parents go through when they are considering...
These days, many more marriages will end in divorce than just a few years ago. The present rate is estimated to be between 40-50%. The divorce rate for subsequent marriages is even higher. For those entering a marriage that brings children from a previous marriage,...
When you put your assets into a Living Trust, you know that you, as the grantor, maintain full and complete control. You are also the Trustee. As a result, you get to decide what happens with those assets. And because you are the lifetime beneficiary,...