Estate plans. You’re old enough to know they’re important. And for a while now, you’ve had that nagging thought in the back of your mind that it’s time to take steps and establish a plan for your financial future. But you don’t know what to...
Both a Living Trust and a Will are legal documents that state how you want your financial assets to be distributed after your death. But what’s the difference between a living trust and a last will and testament? Is one better for protecting future beneficiaries...
If you have a large estate or die without a will, your estate will go through probate after you pass. This court process can be overwhelming for your loved ones and create conflict regarding distribution. Whether you’re administering a loved one’s estate or getting your...
Wouldn’t you love to be able to meet your estate planning lawyer before you choose to work with a certain firm? Making decisions about your estate isn’t something you take lightly. You want advisors who know what they’re talking about. That’s one reason Phelps LaClair,...
A vacation home isn’t just a place to escape the daily grind, it’s a home away from home that’s full of cherished memories. When it comes to estate planning, vacation properties require special attention. They may be subject to estate taxes and additional probate fees,...
On August 7, 2025, Phoenix had its hottest day in 150 years. And while setting a new record is exciting, it's also a little bit scary. Phoenix is a beautiful place to live, and a city that we love. But when there's an extreme heat...
The number one question people ask about estate planning is: Where do I start? For most people, the estate planning process doesn't come easily. Not only do they have to think about what happens after they die, they also have to deal with complicated legal and...
If you have keepsakes or family heirlooms that you've put away, it's important to document them now rather than later. In fact, documenting your family heirlooms is an important part of the estate planning process. Because estate planning isn't only about financial matters—it's also about...
In the past two months, we have spoken with a number of new and former clients concerned about the coronavirus. 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...
We live much of our lives online these days. From account passwords and photo libraries to cryptocurrency wallets and NFTs, almost everyone holds a few digital assets. However, digital assets often get overlooked in traditional estate plans. Without clear instructions, your loved ones could be left...