Preparing for the future is an important part of life. An Individual Retirement Account (IRA) is one very common financial investment that includes tax benefits to help people save for their golden years and pass on an inheritance to successive generations. But if plans haven't been...
Losing a family member is hard enough without the added stress of complications that can occur as a result of poor estate planning on the part of the deceased. But if you have a revocable living trust, grieving family members will be spared from experiencing...
As the saying goes, experience is a great teacher. Added to two generations of legal know-how, experience has given Phelps law (in Chandler, Mesa, and Phoenix Arizona) tremendous foresight in setting up our clients’ estates for a successful future. We know what works and we...
Living Trusts involve making wise decisions in order to protect your financial future. Good Living Trusts successfully designate who inherits your estate after you’ve passed away and when the finances are distributed. A good plan also protects your hard-earned finances and assets from loss and...
One of the best things about setting up a trust is that you can control how its assets get 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...
Phelps LaClair is a premier estate planning law firm in the Phoenix Metro area. We are well acquainted with folks who want a solid estate plan. But they also feel an urgency to get it done quickly at this time. We understand that. And we...
Putting a bank account in a trust is one of the smartest estate planning steps you can take to protect your assets and simplify the inheritance process for your loved ones. After creating a revocable living trust, it’s crucial to fund it by retitling your...
You’ve spent your whole life working hard to achieve your financial goals, and of course you want to pass that wealth on to your children and grandchildren. However, building generational wealth involves much more than acquiring valuable assets. It also takes some careful financial planning,...
Mother’s day is coming up, and that means Moms all over the world will be honored for their nurture, training, and love. If you’re a mother, we want you to know we value your role as an influencer more than any other person’s role in...
You’ve begun taking steps toward planning your estate. And rather than creating a will, you’ve decided to establish a trust fund, which, if funded properly, will enable your assets to be privately distributed to your loved ones without the delay or expense of probate court....