20 Mar Pet Trusts

Posted at 15:23h in Estate Planning by Phelps LaClair Law

Most people count family, charities and close friends as their beneficiaries when they come to us for estate planning. At Phelps LaClair, we also have clients who consider their pets to be family members. The emotional bond can be quite strong between humans and animals....

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06 Mar Special Needs Trust

Posted at 20:29h in Special Needs Planning, Special Needs Trust by Phelps LaClair Law

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?”...

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11 Feb Trusts and LLCs

Posted at 11:05h in Estate Planning, Living Trusts, LLCs by Phelps LaClair Law

Which are the best vehicles for estate planning: living trusts or limited liability corporations? Phelps LaClair has prepared thousands of estate plans for our clients in the Phoenix Valley. We can say with certainty that there is no “one size fits all” estate plan. Some...

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15 Jan Trust Distribution

Posted at 08:01h in Living Trusts, Power of Attorney by Phelps LaClair Law

At Phelps LaClair, we are often asked how long it takes for a trust to be distributed. In our experience as a second generation law firm, we know that the general rule is to have the trust distributed within a reasonable time. But what does...

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12 Dec Trust Administration Steps

Posted at 13:46h in Estate Planning, Power of Attorney by Phelps LaClair Law

When a family member dies with assets held in a revocable living trust, it is likely that someone in the family has been named as a successor trustee who will administer the trust. If this person is you, Phelps LaClair offers our condolences to you...

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30 Nov Spousal Lifetime Access Trust

Posted at 17:57h in Asset Protection, Estate Planning, Irrevocable Trusts by Phelps LaClair Law

Phelps LaClair is an estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale. We help our clients to protect the wealth they have labored to build, and to pass it on to succeeding generations. With another presidential election on the horizon for 2020, many...

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23 Nov Why a Revocable Trust?

Posted at 10:44h in Estate Planning, Living Trusts by Phelps LaClair Law

Why Do You Need a Revocable Trust? “Where there’s a will, there’s a way” is an oft-quoted saying that means if you want something badly enough, you will go to extraordinary lengths to get it. At Phelps LaClair, serving Chandler, Mesa, Phoenix and Scottsdale, the...

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25 Jun Advantages & Disadvantages of an Irrevocable Trust

Posted at 11:03h in Living Trusts by Phelps LaClair Law

When you’re looking to protect your assets for future generations, calling on the expertise of an estate planning lawyer is a smart idea. At Phelps LaClair Firm we’ve been helping families in the Phoenix Valley choose the right estate planning vehicle for their needs for...

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24 May Settling a Revocable Living Trust

Posted at 14:53h in Estate Planning, Living Trusts by Phelps LaClair Law

What happens after the grantor of revocable living trust dies? Phelps LaClair, serving Mesa, Chandler, and Phoenix, has heard this question hundreds of times. In fact, revocable living trust distribution is one of the things written into every trust we design. But if you have...

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24 Apr Living Will vs Living Trust

Posted at 12:37h in Estate Planning, Living Trusts, Living Will by Phelps LaClair Law

In the world of estate planning, there are similar terms that define very different planning goals. For instance, at Phelps LaClair, we hear this question a lot: “What is the difference between a Living Will and a Living Trust?” As a 2nd generation law firm,...

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