Aretha Franklin has been in the news this week. She died last August without a will, and her estate of $80 million dollars has been tied up in probate court. It was announced several days ago that as some of her belongings were being moved...
A common question we are asked at Phelps LaClair is, “Do I need an estate plan?” As a second generation estate planning firm with 40 years of experience in serving the Phoenix Valley, we believe, no matter how large or modest the estate, everyone can...
Phelps LaClair, serving Mesa, Chandler, and Phoenix, is a second generation estate planning firm. With a population of 4.7 million people, the Phoenix metropolitan area is an enormous client base for us. As much as we would like to, we know we can’t possibly serve...
Every April the Internal Revenue Service comes knocking on the door, looking for 1040s, 1099s, Schedule Cs, and a check for the bottom line. At Phelps LaClair, serving Mesa, Chandler, Gilbert, and the Phoenix Valley, we are sometimes asked by our clients if they will...
Phelps LaClair, serving Chandler, Mesa and Gilbert AZ, is a second generation estate planning firm. In consulting with thousands of clients over the years, we have learned there are many misconceptions about wills and trusts. Here are 3 of the most common Revocable Living Trust...
At Phelps LaClair, we’ve been doing top-notch estate planning for several generations. Part of that is planning for asset protection. Another part is helping you to understand financial advantages when it comes to leaving an inheritance. One big inheritance question that we’re asked has to...
At Phelps LaClair, we love the springtime. It’s a perfect time for looking ahead in anticipation of new life and new challenges. Spring is the time when a young man’s fancy turns to . . . well, you know. When birds are building nests and...
At Phelps LaClair, we’ve been helping families in Chandler, Mesa, and Gilbert plan ahead for more than 40 years, and through multiple generations. We understand elder law, tax law, and estate planning. And we’d like to shed some light on long-term care insurance needs in...
Estate Planning involves more than simply listing assets and deciding who should inherit them. At Phelps LaClair, as specialists in estate planning, we are committed to helping families be prepared for every stage of life. Especially families who are planning for long-term care of elderly...
Estate Planning is by nature a multi-generational undertaking. One of the primary reasons you plan is so you can leave your estate to your children and grandchildren. Once wealth is generated, it is important that it is not only preserved, but also nurtured, so it...