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Wealth Preservation Planning

Estate Tax, Business & Wealth Preservation Planning

Build Lasting Security with Wealth Preservation Planning

Wealth Preservation Planning helps protect your assets, reduce unnecessary tax exposure, and simplify the transfer of wealth to future generations. We’ll integrate your estate plan and tax strategy into a comprehensive wealth preservation plan.

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What it does

Keep Your Wealth Working for Future Generations

Wealth Preservation Planning helps clients protect what they have built and pass it on in a more secure, tax-conscious, and organized manner. The goal is to reduce unnecessary risks, avoid probate, minimize tax exposure, and create a plan for how assets should be managed if the client becomes incapacitated or passes away. For clients with significant assets, business interests, rental properties, or complex beneficiary needs, this type of planning preserves wealth for future generations. It also coordinates trusts, business entities, tax planning, and asset protection strategies so your estate plan functions as one integrated system.

Who it’s for

Is Wealth Preservation Planning Right for You?

Wealth Preservation Planning may be the right choice if you:
  • Want to put your wishes in writing, choose who inherits your assets, or name a personal representative to administer your estate.
  • Want to name a guardian for your minor children or other dependents instead of leaving that decision to the courts.
  • Are an Arizona homeowner, an unmarried partner, or part of a blended family and don’t want important decisions left to Arizona probate laws.
  • Have an estate below Arizona’s probate threshold ($200,000 in personal property or $300,000 in real estate) and are comfortable with beneficiaries receiving their inheritance outright.
  • Are creating a trust-based estate plan and need a pour-over will to help direct assets left outside your trust.

How it works

Our Six-Step Process

  • 1

    Schedule Your Free Consultation

    Meet with one of our attorneys to discuss your situation, estate, long-term goals, and any concerns about taxes, probate, or protecting your wealth. We’ll educate you on the generational wealth planning strategies that best fit your situation and individual goals.

  • 2

    Review Your Current Plan

    We’ll review your current estate plan, trusts, business entities, real estate, beneficiary designations, and asset ownership to understand how every part of your plan works together.

  • 3

    Identify Risks & Opportunities

    We’ll identify potential risks involving probate, taxes, creditor exposure, family conflict, incapacity, or business succession that could affect your long-term goals.

  • 4

    Develop Your Wealth Preservation Strategy

    We’ll educate you on planning strategies tailored to your individual goals, which may include trust planning, business entities, gifting strategies, or other wealth preservation techniques.

  • 5

    Prepare & Coordinate Your Documents

    We’ll prepare or update the necessary legal documents and integrate them into your estate plan so every part of your strategy works together.

  • 6

    Keep Your Plan Up to Date

    As your assets, business interests, circumstances, or Arizona laws change, we’ll help you review and update your plan so it continues to accomplish your individual goals.

45+
Years Serving Arizona
9
Offices Statewide
3rd
Generation Family Firm
100%
Estate Planning Focus

What's included

Documents you receive.

  • Lifetime gifting strategies

    Transfer assets during your lifetime to help preserve wealth, support your loved ones, and reduce future tax exposure.

  • Irrevocable trusts

    Move selected assets into an irrevocable trust to help preserve wealth, reduce risk, and accomplish long-term planning goals.

  • Trust-based wealth preservation planning

    Coordinate trusts with your estate plan to help preserve assets, minimize taxes, and avoid probate.

  • Business Entities & LLCs

    Use business entities, including LLCs where appropriate, to support your overall Wealth Preservation Planning strategy.

  • Inheritance trust planning

    Help preserve inherited assets while providing long-term guidance and protection for future generations.

  • Tax-Conscious Planning

    Incorporate strategies designed to reduce unnecessary tax exposure and preserve more of your wealth over time.

Why Phelps LaClair

A Comprehensive Approach to Wealth Preservation

We integrate Wealth Preservation Planning into your broader estate plan, so your trusts, tax strategies, business interests, incapacity planning, and legacy goals work together.

We develop advanced planning strategies for clients with larger estates, closely held businesses, and high-risk assets.

Jeffrey LaClair has a strong background in estate planning, taxation, wealth preservation, and business succession planning, including an LL.M. in Taxation with a specialization in Estate Planning from New York University.

What it costs

Transparent Pricing You Can Count On

Custom Quote

Pricing depends on your assets, planning goals, and the strategies needed to accomplish them. We’ll provide a flat-fee quote during your free consultation, so you’ll know the cost before any work begins.

Common questions

Your Wealth Preservation Planning Questions, Answered

  • Not exactly. Asset Protection Planning focuses on reducing exposure to risks such as lawsuits, creditors, or business liability. Wealth Preservation Planning takes a broader approach by also addressing taxes, probate, business succession, family wealth transfer, and long-term planning for future generations.

  • Maybe. A Revocable Living Trust is an important foundational element of your estate plan, but clients with larger estates, business interests, rental properties, tax concerns, or more complex family situations may benefit from Wealth Preservation Planning.

  • The best time is before a lawsuit, tax issue, family conflict, incapacity, or business transition occurs. Wealth Preservation Planning strategies are most effective when they’re implemented early and reviewed regularly.

  • Wealth Preservation Planning is often appropriate for clients with significant investments, rental properties, business interests, closely held businesses, or other valuable assets they want to preserve and transfer to future generations.

  • Depending on your goals and assets, Wealth Preservation Planning may include trusts, gifting strategies, and other planning techniques designed to reduce unnecessary tax exposure while preserving more wealth for your loved ones.

This information is educational and not a substitute for advice from a licensed Arizona attorney.

Often paired with

Related Estate & Business Planning Services

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Personalized Guidance Starts Here

Meet with one of our attorneys to discuss your situation, your assets, and what matters most to you. We'll answer your questions and provide clear, upfront pricing with no obligation.

Schedule your consultation