“What does a Notice of Probate of Will mean?” Over the 40 years that we’ve been serving the Phoenix Valley, our lawyers at Phelps LaClair have been asked that question repeatedly. If you receive a notice of probate of will, it means you have an...
As a second generation firm in Estate Planning, Phelps LaClair has been helping folks like you understand the guardianship duties for aging parents in Phoenix and the surrounding area. A legal guardianship is similar to, but somewhat different from a power of attorney. What follows...
Let’s paint a picture. Cooler weather, red sandstone in beautiful rock formations, green trees jutting out of the canyons, hiking trails for miles, and fun little shops to explore. Sound good? This describes another treasure in Arizona: Sedona. Phelps LaClair sees the need for your...
Brown. Dry. Heat waves gleaming off the rocks. Cacti surrounding you. Thirst that seems unquenchable, and only sand in sight. Is this the picture you get when you think of the desert? Most people think of the desert as a wasteland that has nothing to...
These days you can pay a fee and create your own online trust or will. The claim of the sites that offer these do-it-yourself forms is that you’ll save time and expense. But we’ve got a different perspective. At Phelps LaClair firm in the Phoenix...
Only two things are certain, as they say: death and taxes. If you’re a real estate investor, you probably already plan for the certainty of paying taxes on your rental properties. But do you have a plan in place, should something happen to you? Phelps...
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...
At Phelps LaClair in the Phoenix Valley, Living Trusts (and in particular, Revocable Living Trusts) are a mainstay of our estate planning. But for a living trust to be entirely effective, several steps need to be taken. First comes the important task of fully funding...
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’re new to estate planning, you may feel a bit of confusion about some of the words and labels used to a describe the different options available to you. Don’t worry, you’re not alone. At Phelps LaClair, located in Phoenix, Chandler, and Mesa Arizona,...