In our hectic world, so many things can change over a short period of time, especially matters concerning family dynamics, assets, and financial accounts. That is why at Phelps LaClair in Gilbert, Chandler, and Mesa, we encourage our clients to review their estate plans every...
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...
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...
Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...
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...
When you can no longer do the everyday things that living requires, you are a candidate for long-term care. You are not alone, however. According to the Dept. of Health and Human Services, over 70% of people turning 65 can expect to need long-term care...
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,...
It’s a known fact that the longer you live, the older you get. And more people are living longer today than at any time in the past. As a result, it is projected that most Americans over 65 will need some type of long-term health...
At Phelps LaClair, we’ve been helping families in Chandler, Mesa, and Gilbert plan ahead for more than 40 years, and through multiple generations. We understand elder law, tax law, and estate planning. And we’d like to shed some light on long-term care insurance needs in...