Probate is a process in which the state of Arizona administers your assets after your death. The probate process and distribution of your assets can take over a year, and could lead to conflict in your family. Luckily, not all estates have to go through...
Probate is a long and costly process that can take a year or more, and it’s best to avoid it if you can. For a small estate with property valued below a certain threshold, the best way to skip the probate process is to use...
A properly drafted will can help ensure your assets are properly distributed after you’re gone. Your will should include your appointed executor, named guardians for minors, as well as a list of your assets and beneficiaries. But there are many things that are either unnecessary,...
Drafting a will is an important first step in settling your affairs. But with so many types of wills out there, it can be overwhelming to know which one will be right for you. Luckily, you don’t have to choose just one—you can write several...
If you are legally married, it’s important to know how your marital status will affect the distribution of your estate. For instance, whether or not your spouse inherits your property depends on which state you live in. Some states consider certain assets to be community...
If you’re planning to leave your home or any other real estate property to someone else when you pass, a beneficiary deed can smooth out the process. At Phelps LaClair, we help Arizona residents bequeath property and avoid probate with a variety of reliable estate...
If you have a large estate or die without a will, your estate will go through probate after you pass. The process of probate can be overwhelming for your loved ones, and create conflict when it comes to distribution. At Phelps LaClair, we help Arizona...
Have you started working on your estate plan yet? There are many common myths and misconceptions about estate planning that can cause people to make mistakes with their plans, or prevent them from making one at all. If you’ve heard and believed any of these...
When we’re young, we don’t give much thought to growing older. But by the time we reach our 50s, we’re probably coming to terms with one reality of life: eventually, we grow old. However, there are keys to aging successfully! As an estate planning firm...
Have you ever wondered exactly what it means to be named as the executor of an estate? An executor has many important duties to carry out, and understanding what the executor of an estate has to do can help you make better choices. We put...