Due to the Tax Cuts and Jobs Act signed into law in 2017, the estate tax exemption limit has been gradually increased over the past four years. The estate tax exemption in 2020 was $11.58M. This year the estate tax exemption in 2021 is increasing...
It’s important for you to have an estate plan that works for you and your family—not a boilerplate plan written by someone unfamiliar with your situation. An estate tax planning advisor is a key element to creating the most effective plan for you. What is estate...
You can control how trust assets are distributed to your beneficiaries. Choosing the right trust distribution method will help protect your estate. It can be a complicated matter that’s best sorted out with the advice of an experienced lawyer. An estate planning attorney can help you...
A living will is something that communicates your end-of-life medical decisions and allows your family members to rest assured that they’re making the right choices, if you’re unable to make them yourself. Having a living will is an essential step in estate planning. However, even...
At Phelps LaClair, we design estate plans that protect your assets and investments, provide tax advantages and deal with end-of-life decisions. As a second-generation estate planning law firm, we can tell you that no investment is without risk. Rental properties are no exception. In our...
Our clients at Phelps LaClair come to us because they are aware of our excellent reputation for designing bulletproof custom estate plans. They choose us when they want to know how to preserve and increase their wealth for the next generations. With the growing populations in...
There are changes that are coming with a new Presidential administration in 2021. Changes in the Federal Tax Code are expected to be announced soon. At Phelps LaClair, serving Mesa, Chandler, Scottsdale, and the Phoenix Valley, we know one of the questions will concern the...
At Phelps LaClair, we are estate planners with more than 40 years of experience in creating exceptional estate plans. We have served thousands of satisfied clients in the Phoenix Valley to enable them to protect their assets and successfully pass on their wealth when they...
The first step toward establishing a legacy for the next generation is to find a professional estate planning team that understands your needs and goals. And the biggest obstacle to taking this step is procrastination. For the past forty years, Phelps LaClair has been designing...
The idea that only elderly or wealthy people need an estate plan is absolutely false. Everyone needs an estate plan no matter how large or modest your assets are. At Phelps LaClair, we have been serving clients in the Phoenix Valley for over 40 years....