Everybody needs to have regular exercise to stay healthy. Yes, we are an estate planning law firm, but Phelps LaClair is also big on exercise as a way of increasing life satisfaction, good health, and longevity. But not every form of exercise needs to be...
If you have set up a living trust or are considering one, you may need a pour-over will. This failsafe will protect any assets you neglected to add to your living trust. Whether you intentionally left some assets out, or simply forget about them, you...
As we age, our medical needs change. That is just a part of life. And depending on your personal medical history, you may want to plan for an event where, if you cannot communicate directly with doctors and nurses, you have someone who knows your...
Starting conversations about things like inheritance and end-of-life decisions can be very difficult. However, it’s important to discuss these topics with your parents sooner rather than later. The decisions they make now will significantly impact your life in the future. By making sure they have...
When it comes to estate planning, millennials are well ahead of the game. Many have been assisting their parents with the estate planning process, and others have even started setting up their own estate plans. It’s never too late or too early to get started—life...
You don’t have to be rich to set up a trust fund for your child. In fact, it’s a move every parent should make. Setting up a trust fund can help secure your child’s financial future by protecting their inheritance from taxes, probate, and creditors....
Ten Estate Planning Tips You'll Actually Use If you don’t have an estate plan yet, you’re probably wondering where to begin. Estate planning is often a complicated process, and every person’s situation is unique, so a little guidance goes a long way. Here are ten tips...
Spiders, ghosts, and skeletons abound this time of year. And while most people enjoy scary things like haunted houses and horror movies, they often harbor secret fears. Being afraid to write a will is one of them. But don’t worry—there’s nothing scary about estate planning...
Your home, vehicles, and investments aren’t the only things you need to include in your estate plan. You should also name beneficiaries for your personal property. Treasured items like a hope chest or a grandfather clock tell the tales of your family’s history. But passing down...
When you’re looking to protect your assets for future generations, calling on the expertise of an estate planning lawyer is a smart idea. At Phelps LaClair Firm we’ve been helping families in the Phoenix Valley choose the right estate planning vehicle for their needs for...