If you have set up a living trust or are considering one, you may need a pour-over will. This failsafe will protect any assets you neglected to add to your living trust. Whether you intentionally left some assets out, or simply forget about them, you...
Have you ever wondered exactly what it means to be named as the executor of an estate? An executor has many important duties to carry out, and understanding what the executor of an estate has to do can help you make better choices. We put...
Don’t let your family be blindsided by an invalid will. If you’ve already handwritten your will, or if you are considering writing one, it’s important to understand whether or not it is valid in Arizona. Here’s everything you need to know about handwritten wills in...
Don’t let a simple mistake undo all the hard work you put into writing your will. If there is a mistake in your will, it could make the will invalid or prevent your assets from ending up in the right hands at the right time....
Drafting a will is an important first step in settling your affairs. But with so many types of wills out there, it can be overwhelming to know which one will be right for you. Luckily, you don’t have to choose just one—you can write several...
Have you drafted your will yet? If you have one, when was the last time you made an update? Many factors can invalidate a will, such as moving to a new state or changes in state laws. Whether you still need to draft your first...
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...
When you move to a new state, there are many important things you need to update, like your driver’s license and your voter’s registration. But one thing that people often forget to update after a move is their estate plan. Although out-of-state wills typically are valid...
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...
No adult is ever too old or too young to start estate planning. But how do you know where to start? At Phelps LaClair, we can help you get started planning for your family’s future as well as your own. From protecting your assets to...