Cryptocurrency saw a huge surge in popularity a few years ago. Celebrities were promoting it in commercials, and suddenly it seemed like everyone was investing. However, it's still a fairly new phenomenon, so people naturally have a lot of concerns when it comes to leaving...
Probate is the legal process of transferring the ownership of a deceased person’s property to their heirs, and it can take a long time to complete. There are many types of assets that are automatically subject to probate, unless you place them in a trust....
The passing of a loved one can be a challenging and emotional time. And although there are many legal and financial matters to address after a loved one dies, it can be difficult to navigate through your grief. Understanding what happens to an estate after...
Probate is a long and costly process that can take a year or more, and it’s best to avoid it if you can. For a small estate with property valued below a certain threshold, the best way to skip the probate process is to use...
Many people believe that listing their assets and naming beneficiaries in a will is enough for their estate to avoid probate. However, wills are always required to go through probate, because the court needs to validate them. Probate is the legal process of distributing the assets...
If you’ve been appointed the executor of an estate or if you’re expecting an inheritance, you may be wondering just how long the probate process can take. Unfortunately, probate is a complex process, and there are many different factors that can delay its completion. There is...
Whether you’re planning your own estate or settling a loved one’s, it’s important to understand how probate works. At Phelps LaClair, we help Arizona families design successful estate plans and smoothly administer their loved ones’ estates. We put together this guide to formal vs. informal...
Every estate planning law firm will advise you to avoid probate when and wherever possible. Phelps LaClair is no exception. We tell our potential clients what having an estate go through probate will entail. There will be court costs, legal fees, and time lost in...
If someone has chosen you to administer their estate after they’re gone, it’s normal to feel a little overwhelmed. Being the personal representative of an estate comes with many responsibilities. Luckily, the experienced team at Phelps LaClair is here to help you feel more at...
You have probably heard over and over again that avoiding probate is a good idea, and that’s because it’s true! If you’re dealing with an estate in probate, you will face court costs, legal fees, and time lost. A slow-moving legal process, probate court cases...