You’ve worked hard and invested wisely to build your wealth. And when the time comes, you’ll be passing that wealth down to your heirs. Naturally, you want to leave the largest legacy possible. But unless you plan ahead, probate fees could consume up to 7%...
When Angela lost her father unexpectedly last year, she had no idea that she would have to go through a lengthy court process before she could claim her inheritance. On top of her grief, she found herself knee-deep in paperwork, attorney meetings, and court dates...
The Phoenix Valley is a wonderful place to retire. Sunny weather, mild winters, scenic views, and a high quality of living make Arizona a top destination for retirees. Whether you're moving to Arizona when you retire or you've lived here all your life, here are...
Titled assets like real estate, land, and vehicles usually have to go through probate. This can cause all sorts of delays and expenses for your heirs. If you want to avoid that whole process, you can use a deed to transfer ownership instead. That way,...
There are seven steps in the probate process. First, the court will have to verify the will. Then it is up to the “executor” or “personal representative” to take an inventory of the assets, pay off any debts, and distribute the remaining assets to the...
Very few conversations feel as uncomfortable as sitting down with your parents to discuss what happens after they’re gone. Having the talk about the birds and the bees may be easier than this one! Yet knowing how to talk to parents about end-of-life matters is...
Mark your calendar for Saturday, April 18, 2026, because the Sharing Down Syndrome Walk Fundraiser is back, and so are we. The team at Phelps LaClair is proud to be part of this incredible event, now in its 26th year. This is not just one of...
Like most people, you want to save money, protect your assets, and avoid taxes whenever possible. Well, we have good news for you! If you own a home in Arizona, the new Homestead Exemption can help you protect one of your most valuable assets: the...
Back in 1987, President Ronald Reagan established the month of March as Developmental Disabilities Awareness Month. This year’s theme is “We’re Here: Then, Now, Always.” The goal of this campaign is to bring more awareness to the fact that people with disabilities are all around...
When Maria and David learned their newborn son would have Down syndrome, they felt a wave of love and uncertainty all at once. They wanted to give Eli every opportunity in life, but they also knew the road ahead would require careful planning. One of the...