Inheritance Category Archives

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26 Jun How to Handle a Large Inheritance

Posted at 10:25h in Inheritance by Phelps LaClair Law

Receiving a large inheritance can feel like both a blessing and a big responsibility. Whether it comes as a surprise or you’ve been expecting it for years, it’s not always clear what to do next. Before you start spending or making big decisions, take a deep...

Just because you were named in a will doesn't mean you have to accept the bequest. We explain how to decline an inheritance in Arizona.

05 Feb What If You Don’t Want to Accept an Inheritance?

Posted at 12:21h in Inheritance, Living Trusts, Wills by Phelps LaClair Law

Not every inheritance is a welcome one. There are many reasons someone might want to refuse a bequest—a large amount could become a tax burden or disqualify them from government benefits. Or perhaps they feel that another person would appreciate it more, so they want...

dividing heirlooms among siblings, splitting up assets in the family

10 Dec How to Divide Family Heirlooms Among Siblings

Posted at 15:16h in Inheritance, Wills by Phelps LaClair Law

When it comes to splitting up assets in the family, things can go from uncomfortable to hostile very quickly. Dividing heirlooms among siblings is an extraordinarily sensitive topic and it can be difficult to approach, especially when you’re already dealing with the loss of a...

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