Putting a bank account in a trust is one of the smartest estate planning steps you can take to protect your assets and simplify the inheritance process for your loved ones. After creating a revocable living trust, it’s crucial to fund it by retitling your...
Many couples opt for joint bank accounts as a convenient way to manage their finances. When set up correctly, a joint bank account can ensure seamless access for your loved one after you pass away. Because, in most cases, joint bank accounts are not subject...
As parents, there are many areas in life where we need to apply wisdom. For example, we love our children, but we may not want to give them full access to our assets or finances. At Phelps LaClair, we've met quite a few clients who...