In a recent blog post, we discussed the importance of naming a financial durable power of attorney to act on your behalf in the decision-making process. That person is given legal authority to carry out any financial directives in your stead, should you become incapacitated...
At Phelps LaClair, we think it’s a perfect time to make some estate planning New Year’s resolutions. The holidays are over and the credit card bills haven’t yet arrived. The pressure is off for now, so it’s the perfect time to better plan for 2020...
At Phelps LaClair, we love children. They remind us that we need to be looking ahead in anticipation of their lives and their challenges. We all desire that our ceiling should be their floor. So in the spirit of building a legacy that you can...
Safety is a huge concern these days. Television, internet, and newspapers all focus on tragedy, corruption, and international tension. It’s human nature to want to be safe. Phelps LaClair in Gilbert, Chandler, and Mesa also has your safety at heart. It’s written into every estate...
During times of national crisis when lives are hanging in the balance, it is important to talk about things relating to incapacitation, end-of-life issues, and death. We know it can be a fearful and painful discussion to have, but it is better to have it...
In the world of estate planning, there are similar terms that define very different planning goals. For instance, at Phelps LaClair, we hear this question a lot: “What is the difference between a Living Will and a Living Trust?” As a 2nd generation law firm,...
The proliferation of social media platforms and their widespread use by billions of people has created a new, essential aspect in planning your estate. We all have photos and videos we have created and uploaded to the internet. Some have used streaming services to gain...
Wondering when to start estate planning? It’s a question that pops up from time to time, but in young adult life it can seem unimportant. Many young people consider estate planning the type of task that can gets pushed off for another time...
In our last blog post we discussed the benefits of forming a Limited Liability Company for asset protection, taxes, and company structure. Because Phelps LaClair is the leader in the Phoenix Valley when it comes to estate planning, we have many Estate Planning options for...
Hopefully, you’ve already created an estate plan that benefits your spouse or partner as well as any children and grandchildren in your family. But there are some other important family members you may have forgotten to consider when estate planning—your pets. Planning ahead for your...