beneficiary Tag Archives | Phelps LaClair

do you need a trust if you have beneficiaries

17 Aug I Named Beneficiaries, Do I Need a Trust?

Posted at 08:09h in Living Trusts by Phelps LaClair Law

Estate planning aims to ensure that your assets are distributed exactly according you your wishes. However, achieving this goal can be complex. “Do you need a trust if you have beneficiaries?” is a common question we get. While naming beneficiaries for your accounts is a...

03 Sep Putting Your Bank Account in a Revocable Living Trust

Posted at 01:00h in Estate Planning, Living Trusts by Phelps LaClair Law

A revocable living trust is a powerful estate planning tool, but it's only effective as long as you remember to fund it after you set it up. That means retitling your assets or naming the trust as the beneficiary of certain accounts. For instance, putting...

beneficiary - family of three in front of a house

09 Aug Who Should Be Your Beneficiary

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

The easiest and clearest way to leave someone money, possessions, or valuables when you pass away is through choosing a beneficiary. The decision of who to make your beneficiary should be carefully considered and can change with significant life events or legal requirements. Making the...

21 Jul How to Prepare a Beneficiary Deed in Arizona

Posted at 16:52h in Estate Planning, Living Trusts by Phelps LaClair Law

If you’re planning to leave your home or any other real estate property to someone else when you pass, a beneficiary deed can smooth out the process. At Phelps LaClair, we help Arizona residents bequeath property and avoid probate with a variety of reliable estate...

24 Sep Leaving Money to Grandchildren in a Trust

Posted at 08:00h in Asset Protection by Phelps LaClair Law

Upon the arrival of a sweet little bundle of joy, a grandparent’s thoughts often turn to the financial stability of their loved one’s future. Helping provide for your grandchildren by leaving them the assets you’ve accumulated is a common practice. However, the best way to...

26 Jul Protective Inheritance Trust

Posted at 12:03h in Asset Protection, Estate Planning, Irrevocable Trusts by Phelps LaClair Law

“Kids! What’s the matter with kids today?” This famous song from Bye, Bye Birdie! Tells the feelings of both love and frustration that parents have concerning their children. At Phelps LaClair, we have experienced the deep emotions that parents go through when they are considering...

26 Jan Who Should You Choose As Your Estate Beneficiary?

Posted at 15:23h in Estate Planning by Phelps LaClair Law

Along with writing a will and naming a successor trustee, choosing a beneficiary is one of the most important elements of a good estate plan. At Phelps LaClair, we have 40 years of experience helping people to successfully pass on the wealth they have spent...

can you be executor and beneficiary in arizona

16 Sep Being Named Both Executor and Beneficiary in Arizona

Posted at 10:20h in Estate Planning by Phelps LaClair Law

When a parent passes, sometimes we are shouldered with the heavy job of managing their after-death affairs. Unless this process is planned in advance and in detail with professional help, it quickly becomes a heartache. Some bereft children are left asking themselves questions like, “How did...

10 Sep What’s In Your Estate Plan?

Posted at 16:46h in Estate Planning by Phelps LaClair Law

We all know the commercial that asks the question: what’s in your wallet? Well, we want to know: what’s in your estate plan? While a wallet carries ID, bank cards and cash, an estate plan contains so much more. In addition to your liquid assets...

03 Aug Estate Planning For Professionals

Posted at 12:01h in Estate Planning by Phelps LaClair Law

“I’m a busy professional! I don’t have time to sit and make an estate plan!” We have heard this from time to time at Phelps LaClair. As a second generation estate planning law firm, our profession is designing bulletproof estate plans that preserve your wealth...

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