Creating an estate plan is one of the most crucial steps you can take to safeguard your family, assets, and wishes. However, even a well-structured estate plan can be contested in court if a disgruntled heir or beneficiary decides to challenge it. While no estate...
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...
Discovering that you have been named in someone's will can be surprising. Whether you're a close family member or a distant relative, understanding your status as a beneficiary can help you prepare for the future. However, it's not always straightforward to determine whether you've been...
As we enter the beginning of a new year, many people are making plans for the future. If you’re setting any New Year’s resolutions, estate planning should be at the top of your list. A sound estate plan is crucial in easing the burden for...
As your circumstances change, so should your will. It's a good idea to review it periodically to make sure it's still legally valid, includes all of your assets, and reflects your current wishes. If you ever need to update your will, the attorneys at Phelps...
Estate planning can feel overwhelming, but it doesn’t have to be. Whether you’re just getting started or you’re revisiting your current plan, asking the right questions can help you make sure your wishes are protected. This checklist covers ten of the most important estate planning...
Writing a will is a step that every adult needs to take. However, if you want your will to work, you need to make sure that it's legally valid. Every state has its own laws regarding legal wills—for example, electronic wills are only allowed in...
If you are supporting someone with a disability, it can be difficult to ensure their financial security while still preserving their eligibility for government benefits. That’s where a Special Needs Trust (SNT) comes in. These irrevocable trusts are designed to provide for the unique needs...
Have you discussed your medical preferences with your loved ones? It’s important to have those wishes in writing to ensure you get the best possible care just in case you can’t communicate them yourself. However, when it comes to getting their estate planning documents in...
When cabin fever starts to take its toll, it’s time to get out and embrace the beauty of winter in Arizona. With mild temperatures and diverse landscapes, the Phoenix Valley offers a multitude of outdoor activities and adventures that will help you shake off the...