An advance directive is a legal document that describes your personal preferences for medical care. They are meant to protect your best interests if you're ever in a position where you're unable to speak for yourself. Living wills, medical powers of attorney, and DNR orders...
You already know how important it is to have an estate plan, a will, and end-of-life documents in place. However, that doesn’t necessarily mean your parents are on the same page. Many adults worry about the fact that their parents don’t have a will. Their stomachs...
Oftentimes, the key to creating generational wealth lies in protecting the assets you pass down to your children and grandchildren. If you don't want their inheritance to get squandered by an irresponsible spouse, or lost in an unexpected lawsuit, there are steps you can take....
Keeping your will up-to-date is very important. Whether you want to add a new family member or new assets to your will, it’s best to make those changes as soon as possible. But even if you meet with your estate planning attorney on a regular basis,...
Planning a trip to Lowe’s or Home Depot for the next project is always fun for the hobbyist in the family. You make your plans on paper and make a list of materials you need, then you head off to the forest of possibilities. It’s...
Having a solid financial plan that takes care of your family’s needs every year feels great! It feels comfortable. And that comfort can sometimes allow us to neglect our future financial plans, such as saving for retirement and creating a concrete estate plan. Are you...
A living will is something that communicates your end-of-life medical decisions and allows your family members to rest assured that they’re making the right choices, if you’re unable to make them yourself. Having a living will is an essential step in estate planning. However, even...
At Phelps LaClair, we know that these are trying times for many of us in Chandler, Mesa, Phoenix and Scottsdale. Now more than ever, we take our job seriously to help provide our clients and friends with peace of mind. There is not much in...
Estate planning is what you do to ensure that your wishes will be followed if you are incapacitated or you pass away. It accounts for how you want your assets distributed and what decisions are made for medical care or end of life. Phelps LaClair,...
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,...