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...
The primary goal of any estate plan is to guarantee that your assets are distributed to your beneficiaries according to your wishes. However, achieving that goal isn’t always a straight-forward process. Working with an experienced estate planning attorney will give you greater peace of mind,...
When creating a revocable living trust, you must fund it in order for it to serve you. An unfunded trust can not hold the title to an estate. Naming a trust as beneficiary of a bank account can help you accomplish this. Any assets you...
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...
“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...
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...
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...
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...
“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...
At Phelps LaClair, with offices in Chandler, Mesa, Phoenix and Scottsdale, we know that every generation has specific concerns and values that need to be addressed with custom, well-designed estate plans. We recently posted an article on estate planning for millennials. In that blog post,...