If you are supporting someone with a disability, it can be difficult to ensure their financial security while still preserving their eligibility for government benefits. That’s where a Special Needs Trust (SNT) comes in. These irrevocable trusts are designed to provide for the unique needs...
Estate planning is a vital process for every family. But it is especially important for families with special needs children, because they face unique challenges. Careful planning can help you provide for your child’s future in the best way possible, and ensure they stay eligible...
There are definitely important things to include in all estate planning: making sure all of your assets are covered, naming beneficiaries, and reducing tax burdens are a few items among that crucial list. But you also want to be aware of what should not be...
When someone has a disability, setting up a special needs trust (SNT) will help ensure that they are cared for financially. Assets placed in an SNT offer financial support without affecting the beneficiary's eligibility for important government assistance program benefits. At Phelps LaClair, we want...
Every parent has their child’s well being front and center in their thoughts each and every day. For those parents of special needs children, it is almost non-stop around the clock. Perhaps their greatest concern is, “what will happen to my child after I die?”...
Losing a family member is hard enough without the added stress of complications that can occur as a result of poor estate planning on the part of the deceased. But if a Revocable Living Trust is set in place, grieving family members will be spared...
Phelps LaClair, serving Chandler, Mesa, Phoenix, and Scottsdale, has helped families with special needs loved ones for many years. If you are taking care of adults or children with special needs, such as mental or physical disabilities, you have probably asked yourself what would happen...
If you are the parent or guardian of a person who requires special needs planning, then you have probably begun to research how to guarantee that your loved one receives the care she needs after you are gone. While you can certainly leave special needs beneficiaries...
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...
At Phelps LaClair, located in Phoenix, Chandler, and Mesa, AZ, we specialize in estate planning. For some, that includes special needs planning. A Special Needs Trusts is valuable if you’ve got a disabled child, or if you desire to name a disabled person as your...