Inheritances are meant to be a way for you to pass on assets and wealth to the next generation, providing financial security and comfort for your loved ones. However, settling a loved one’s estate can be an emotional process. And it’s even more stressful when...
Boomers OK, Boomers—it’s time to consider some wisdom from Phelps LaClair! Popular culture would have us believe that life is a never-ending party. As a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale, we know that you need an estate plan. Because...
Careful estate planning is crucial if you want to secure your legacy and make sure your assets end up in the right hands at the right time. But drafting an estate plan can be overwhelming for many, and it may be tempting to turn to...
Many people dread the thought of estate planning because they don’t know how to split up their assets equally. But not having an estate plan at all can lead to serious disputes between your loved ones. Although dividing an estate isn’t a one-size-fits-all task, there...
A revocable living trust is a powerful estate planning tool, but it's only effective as long as you remember to fund it after you set it up. That means retitling your assets or naming the trust as the beneficiary of certain accounts. For instance, putting...
Modern technology has transformed the way we do almost everything, estate planning included. In 2018, Arizona became the third state to recognize electronic wills, or “e-wills,” as valid. An e-will functions the same as a hardcopy will, but it is a digital file instead of...
Holidays are a time for joy, laughter, pretty lights, great decorations, and delicious food. We gather with friends and family, we connect with past acquaintances, we enjoy festivities and special events. And in the middle of all the activities that go along with holiday seasons,...
Estate planning isn’t just about preparing for what happens after you pass away. You also need to plan for unexpected events that can occur during your lifetime. Every estate plan should include a power of attorney document. Naming someone as your power of attorney can help...
Your home, vehicles, and investments aren’t the only things you need to include in your estate plan. You should also name beneficiaries for your personal property. Treasured items like a hope chest or a grandfather clock tell the tales of your family’s history. But passing down...
Retirement is an exciting milestone—you finally get to enjoy the hard-earned fruits of your labor. As you plan for your senior years, don’t neglect the responsibility of estate planning. A thorough estate plan will ensure that your assets are protected, your loved ones are provided...