18 Oct Requirements for a Valid Will in Arizona
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...
23 Aug How to Talk to Your Children About Your Estate Plan
Posted at 08:59h
in Estate Planning
It can be very difficult to think about estate planning and making arrangements for your children after you pass on. Many people struggle to talk about these topics as well, and talking about estate planning with kids can be even harder. The experts at Phelps...
03 Jun What Is a Medical Power of Attorney?
Posted at 14:08h
in Advance Directive, Estate Planning, Living Will, Long-Term Care Planning, Power of Attorney
As we age, our medical needs change. That is just a part of life. And depending on your personal medical history, you may want to plan for an event where, if you cannot communicate directly with doctors and nurses, you have someone who knows your...
28 Jan Estate Planning for Military Personnel
Posted at 14:33h
in Estate Planning, Military, Power of Attorney, Veterans Asset Protection Trust, Wills
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...
09 Sep Hikes with a Waterfall View Near Phoenix
Posted at 06:24h
in Uncategorized
At Phelps LaClair, we like to stay healthy so we will be able to enjoy long lives with our families and friends. We also encourage our clients to engage in athletic activities that bring them joy, like indulging in hikes with special attractions like...
01 Sep Estate Planning for Young Families in Arizona
Posted at 09:02h
in Estate Planning
Julie, an estate planner, recently went out for dinner with her friend Jordan. While they were eating, Jordan mentioned a show she had seen about the luxurious expanse of Drake’s mansion. “His estate is huge!” she remarked, which turned the conversation toward the word...
12 Jun How to Avoid the Generation Skipping Transfer Tax
Posted at 08:30h
in Taxes
If you understand and work with tax laws, your estate plan will be all the stronger for it. Knowing when certain taxes will apply, especially those that occur after your passing, is very important. Planning ahead is the only way to avoid incurring...
17 May How Does The Inheritance From a Trust Get Taxed?
Posted at 12:00h
in Taxes
Some aspects of estate planning can be extremely complicated and lead to headaches—especially tax issues. Whether you’re the estate planner, the grantor, or a beneficiary, the experts at Phelps LaClair can answer all of your questions. You could be in the beginning phases...