There is a quote from Jason Bourne in one of the early Bourne Trilogy novels: “Rest is a weapon.” Bourne was exhausted from days of sleeplessness. In spite of needing to stay vigilant, he recognized that he needed rest in order to be able to...
Around this time every year, we tend to get a lot of questions about how to gift money or property without paying a tax. With that in mind, here's a brief overview of some basics you need to know before your generous end-of-the-year giving. When it...
No matter who you are, what you do, or what assets you have, you need an estate plan. For the past 40 years, Phelps LaClair has been helping individuals plan for the inevitable. Everyone needs some degree of estate planning, and an estate plan can...
If you’re thinking of starting a business in Arizona, you want to do it right. You’ve probably heard about a Limited Liability Company, or LLC, and you may be considering this as an option for your startup company. There are many benefits to forming an...
Joint tenancy vs. community property—what’s the difference? Both are common ways for two people to hold a property title together equally in Arizona. These ownership structures both involve the right of survivorship, ensuring that a surviving co-owner inherits the property upon the other’s death. How you...
In the estate planning world it can be easy to get confused. There are many available tools and advice on how to best use them. You may have heard your colleagues, friends, or family talk about how they’ve created an IRA inheritance trust to pass...
Let’s face it: as much as popular culture would like to deny it, our bodies age. When we’re young and raising families, we’ve got loads of energy and stamina, especially if we also have a robust exercise regime. But as we grow older, our physical...
In our most recent blog post we touched on several options for passing on your rental properties and real estate investments to your beneficiaries. In this post, we will look at additional factors to consider in your end-of-life planning as a real estate owner. At...
Estate planning is a very important part of retirement planning. Although technically you can make an estate plan after you retire, it's not wise to put it off. We know it can be difficult to tackle some estate planning topics, like writing your will or...
After tying the knot, there seems to be a happy bubble surrounding you and your new spouse. It’s easy to get lost in day-to-day life and feel like there’s still plenty of time to take care of the finer details. However, estate planning is a...
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