Asset protection Tag Archives | Page 2 of 7

24 Dec How to Spread Holiday Cheer All Year

Posted at 08:00h in Asset Protection, Estate Planning, Living Trusts, Living Will, Power of Attorney by Phelps LaClair Law

Holidays are a time for joy, laughter, pretty lights, great decorations, and delicious food. We gather with friends and family, we connect with past acquaintances, we enjoy festivities and special events. And in the middle of all the activities that go along with holiday seasons,...

12 Aug What Types of Assets Are Subject to Probate in Arizona?

Posted at 09:04h in Asset Protection, Probate by Phelps LaClair Law

Probate is the legal process of transferring the ownership of a deceased person’s property to their heirs, and it can take a long time to complete. There are many types of assets that are automatically subject to probate, unless you place them in a trust....

Advantages & Disadvantages of an Irrevocable Trust - lock and key on a bed of chains

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...

can't pay for nursing home care costs - elderly women getting out of bed

12 Jul What Happens to Your Assets if You Can’t Pay for Nursing Home Care Costs

Posted at 18:06h in Elder Care, Elder Law by Phelps LaClair Law

A nursing home is a facility that offers a step up in care from an assisted living facility. Both are on the continuum of long-term care. However, in a nursing home, elderly or disabled residents are provided with accommodations and personal care services, as well...

19 Jun Does a Living Trust Protect Your Assets from Lawsuits?

Posted at 20:49h in Asset Protection, Living Trusts by Phelps LaClair Law

A living trust keeps your assets out of probate and provides numerous other benefits as well. However, it’s important to understand the limitations of a living trust if you want to ensure that your assets are properly protected. If you’re concerned about the possibility of getting...

young boy showing grandma something on phone

22 May What Is a Generation-Skipping Trust?

Posted at 20:13h in Asset Protection, Estate Planning by Phelps LaClair Law

If you have grandchildren, you can use a generation-skipping trust to pass some of your assets directly to them. This way, you can leave an inheritance for your grandchildren without burdening their parents’ estates. And not only do generation-skipping trusts avoid probate, they also keep...

military couple holding child and laughing

15 May Estate Planning for Veterans and Active Military Members

Posted at 20:13h in Asset Protection, Estate Planning by Phelps LaClair Law

Estate planning is crucial for everyone, no matter how wealthy they are. But it’s especially important for veterans and active military members. Being in the military earns you unique government benefits that need protection. A sound estate plan that includes a trust, a will, advance directives,...

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...

21 Aug Is it Too Safe?

Posted at 08:13h in Asset Protection, Estate Planning by Phelps LaClair Law

Safety is a huge concern these days. Television, internet, and newspapers all focus on tragedy, corruption, and international tension. It’s human nature to want to be safe. Phelps LaClair in Gilbert, Chandler, and Mesa also has your safety at heart. It’s written into every estate...

09 Jan Dangers of Do It Yourself (DIY) Plans

Posted at 08:00h in Asset Protection, Estate Planning, Living Trusts, Living Will, Power of Attorney by Phelps LaClair Law

DIY, or do-it-yourself, has become a common phrase in modern language. And while a DIY attitude may work well to foster creativity for daily life, when it comes to estate planning, DIY can cause devastating complications—which is the last thing you want your family to...

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