Planning for your family’s future isn’t always easy, especially when you have to consider all the “what-ifs.” One of the most meaningful ways you can protect your children is setting up an estate plan that reflects your wishes for their care and provides for their...
You’ve begun to set in place a Living Trust that will protect your assets and keep your estate from going through the expense and delay of probate. But there’s one area of your planning that has been causing you a bit of difficulty: you’re struggling...
Caring for a loved one with special needs comes with unique challenges, and one of them is how to secure their financial future. Even when you have the best intentions, leaving money to them in your will can actually cause financial problems for the special...
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...
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?”...
There are many kinds of trusts, and sorting through which one is right for your estate plan can feel a little like trying to figure out the best car to buy among the more than 240 models available in the United States. Fortunately, there are...
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...
You’ve worked hard. And with good financial planning, you’ve been able to set aside a nest egg that amply provides for a comfortable retirement. In addition, you’ve been able to generously care for your special needs child throughout his or her childhood, and into adulthood....