Writing a will is a step that every adult needs to take. However, if you want your will to work, you need to make sure that it's legally valid. Every state has its own laws regarding legal wills—for example, electronic wills are only allowed in...
Refusing to accept an inheritance is not a decision you should ever take lightly. Once you disclaim an inheritance, you have no control over who will receive it. However, the estate planning attorneys at Phelps LaClair understand that accepting an inheritance is not always the...
Not every inheritance is a welcome one. There are many reasons someone might want to refuse a bequest—a large amount could become a tax burden or disqualify them from government benefits. Or perhaps they feel that another person would appreciate it more, so they want...
In a recent blog post, we discussed two aspects of estate planning with foreign assets: taxation and wills. In this post, we will expand on the topic of international property ownership and valid wills. Phelps LaClair is a second generation estate planning law firm serving...
Happy New Year! Here at Phelps LaClair, we love this time of year. It’s a great time to reflect on the past year and the perfect time to set aspirations for the year ahead. Were you able to achieve the goals you set for yourself...
Every day, thousands of brave men and women serve our country in the various branches of the military. With over 40 years of experience, it is an honor for Phelps LaClair to assist current and former military personnel with their estate planning needs. While the military...
Here at Phelps LaClair, we constantly talk about the importance of setting up an estate plan. Working with estate planning attorneys like us ensures your estate plan is customized to fit your specific needs. While you may be happy with your estate plan and familiar with...
With a well-designed estate plan, you can continue to provide for your children after you are gone. However, leaving an inheritance to a minor child is different than leaving an inheritance to an adult. At Phelps Law, we want to help you understand how to...
Naming a power of attorney can be a wise step to take. If you are ever incapacitated by an illness or injury, they will be able to do things like pay your bills or receive information about your medical condition, depending on the terms of...
When you first begin your estate planning journey, chances are good you will hear a lot of different terms that may confuse you. Take “last wills” and “living wills,” for example. Are they the same thing? Or do you need both? Let’s take a closer...
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