COVID-19 is an evolving and rapidly changing health crisis, as we all know. The people most at risk from serious health effects are the elderly. Many of these vulnerable people will need long-term care. At Phelps LaClair, we have long advocated for long-term care solutions...
Chances are, you will need assistance paying for medical care as you get older. Maybe you develop a condition where you can no longer work, leaving you without insurance. Or perhaps you require care in a nursing home. Medical care is expensive, and if you...
Our last Phelps LaClair blog post was about aging successfully and how our attitude can make a huge difference in the process of aging. But it’s possible that even with a great attitude and good self-care, a time will come when we simply cannot manage...
Family is our most intimate social connection. And in past generations, it was assumed that younger generations would take care of the older generations. But in today’s society, two-income families and a plethora of community and social activities have changed the landscape of life as...
Elder Care. It’s a hot topic for many, especially when it comes to estate planning. None of us wants to think about the possibility of ending up in a long-term care facility like a nursing home. But it’s a reality we’ve got to think about...
In a recent blog post, we discussed what long term care services are available and what qualifies you for them. With the average yearly cost of nursing home care in Phoenix running around $112,000 and increasing annually, paying for long-term care can be a staggering...
Long-term care planning is one of the key parts of a successful estate plan. Elder care is one component of long-term care planning. You may be far from retirement age, but it is never too soon to begin to consider what should happen if your...
At Phelps LaClair in Gilbert, Chandler and Mesa, we often get questions like: “What is the difference between wills and estate plans?” We know from 40 years of experience that wills cannot encompass all the complexities of end-of-life issues. If you have any property at...
As much as you love your profession, from time to time you look forward to retirement. Will you travel? Do charity work? Spend hours on the golf course? Take up a new hobby? Perhaps you want to simply be there for your children and grandchildren....
You and your spouse are both vital and healthy, and you don’t plan on getting sick. Why then, should you make the effort now to prepare for end-of-life issues? After all, you’re confident you’ve set aside enough retirement funds to give you plenty of leeway,...