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...
Forming an LLC is a good way to protect your business assets in the event of a lawsuit or bankruptcy. However, if you’re considering creating an LLC, you may be wondering what happens to your ownership interest after you pass away. At Phelps LaClair, we’re...
When you first begin your estate planning journey, chances are good you will hear a lot of different terms that may confuse you. Take “last wills” and “living wills,” for example. Are they the same thing? Or do you need both? Let’s take a closer...
Trusts aren’t just for the wealthy, they’re for anyone looking to save their family time and money after they pass away. There are many reasons for creating a trust, from controlling the distribution of your assets to protecting loved ones with disabilities. At Phelps LaClair,...
It can be very difficult to think about estate planning and making arrangements for your children after you pass on. Many people struggle to talk about these topics as well, and talking about estate planning with kids can be even harder. The experts at Phelps...
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...
It can be uncomfortable to talk to your children about their inheritance. While you don’t have to tell your children exactly how much they will inherit, it is a good idea to have a conversation with them about what to do with an inheritance. If...
When you move to a new state, there are many important things you need to update, like your driver’s license and your voter’s registration. But one thing that people often forget to update after a move is their estate plan. Although out-of-state wills typically are valid...
If you’ve been appointed the executor of an estate or if you’re expecting an inheritance, you may be wondering just how long the probate process can take. Unfortunately, probate is a complex process, and there are many different factors that can delay its completion. There is...
At Phelps LaClair, we like to say that failing to plan is planning to fail. This is especially true when emergencies happen. As estate planners, we take your interests to heart because you are the heart of our business. We do everything in our power...