As the baby boom generation enters retirement, elder care planning has become an important topic in the estate planning community. One of the biggest concerns is elder law. Simply put, elder law addresses the legal needs of an aging population. It is a specialty field...
Chances are, you will need assistance paying for medical care as you get older. Maybe you develop a condition where you can no longer work, leaving you without insurance. Or perhaps you require care in a nursing home. Medical care is expensive, and if you...
Our parents took care of us and provided for us from conception to adulthood. They loved and nurtured us, helped us mature, and were vital to helping us develop the social and practical skills we needed in order to function and succeed in society. And...
Our last Phelps LaClair blog post was about aging successfully and how our attitude can make a huge difference in the process of aging. But it’s possible that even with a great attitude and good self-care, a time will come when we simply cannot manage...
Pope John Paul II said, “The future starts today, not tomorrow.” As an estate planning law firm in Mesa, Chandler, and Phoenix, Phelps LaClair has helped many families with planning their estates. We can affirm Pope John Paul II’s words: planning today for tomorrow is...
As a second generation firm in Estate Planning, Phelps LaClair has been helping folks like you understand the guardianship duties for aging parents in Phoenix and the surrounding area. A legal guardianship is similar to, but somewhat different from a power of attorney. What follows...
When we’re young, we don’t give much thought to growing older. But by the time we reach our 50s, we’re probably coming to terms with one reality of life: eventually, we grow old. However, there are keys to aging successfully! As an estate planning firm...
Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...
Family is our most intimate social connection. And in past generations, it was assumed that younger generations would take care of the older generations. But in today’s society, two-income families and a plethora of community and social activities have changed the landscape of life as...
As you look forward to your retirement years, Medicaid is one possible income source to help provide for future Long-Term Care needs. It’s possible to be Medicaid eligible and still protect your financial assets for future generations. There’s a secret to being Medicaid eligible though,...