estate planning in Gilbert Tag Archives

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15 Jun 3 Questions to Ask Yourself about Your Golden Years

Posted at 13:42h in Elder Care, End of Life, Estate Planning, Long-Term Care Planning, Uncategorized by Phelps LaClair Law

The Golden Years are those years when you’ve retired from the workforce, and you’re finally able to do what you desire: putter in the garage, plant a garden, take sightseeing trips, spend time with your grandkids, along with a host of other possibilities. During your...

As a millennial, you’re in the prime of your life. But before you get any older, it’s a good idea to have a solid estate plan in place. Here are some estate planning facts for millennials in 2024.

07 Feb Estate Planning for Millennials: 2024 Edition

Posted at 09:30h in Estate Planning by Phelps LaClair Law

As a millennial, you’re in the prime of your life. Most millennials are now in their thirties and early forties, and they’re coming into inheritances, buying homes, starting families, and building wealth. But before you get any older, it’s a good idea to have a solid...

Setting up a trust fund can help secure your child’s financial future and give you more control over when and how their inheritance will be distributed. We explain how to set up a trust in this step-by-step guide.

09 Jan How to Set Up a Trust for Your Child in 5 Steps

Posted at 09:07h in Estate Planning, Living Trusts by Phelps LaClair Law

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....

Advantages & Disadvantages of an Irrevocable Trust - lock and key on a bed of chains

25 Jun Advantages & Disadvantages of an Irrevocable Trust

Posted at 11:03h in Living Trusts by Phelps LaClair Law

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...

can't pay for nursing home care costs - elderly women getting out of bed

12 Jul What Happens to Your Assets if You Can’t Pay for Nursing Home Care Costs

Posted at 18:06h in Elder Care, Elder Law by Phelps LaClair Law

A nursing home is a facility that offers a step up in care from an assisted living facility. Both are on the continuum of long-term care. However, in a nursing home, elderly or disabled residents are provided with accommodations and personal care services, as well...

30 Aug The Importance of Rest

Posted at 10:55h in Uncategorized by Phelps LaClair Law

There is a quote from Jason Bourne in one of the early Bourne Trilogy novels: “Rest is a weapon.” Bourne was exhausted from days of sleeplessness. In spite of needing to stay vigilant, he recognized that he needed rest in order to be able to...

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02 Jul Who’s Got the Power (of Attorney)? Part 2 – Phoenix, AZ

Posted at 16:48h in End of Life, Estate Planning, Long-Term Care Planning, Power of Attorney by Phelps LaClair Law

In a recent blog post, we discussed the importance of naming a financial durable power of attorney to act on your behalf in the decision-making process. That person is given legal authority to carry out any financial directives in your stead, should you become incapacitated...

last will vs living will -- two people sitting in chairs watching the sun set

09 Aug Last Will vs. Living Will: What’s the Difference?

Posted at 13:42h in End of Life, Estate Planning, Living Will, Wills by Phelps LaClair Law

When you first begin your estate planning journey, chances are good you will hear a lot of different terms that may confuse you. Take “last wills” and “living wills,” for example. Are they the same thing? Or do you need both? Let’s take a closer...

how do I talk to my child about estate planning -- Asian woman lying on bed with two children

23 Aug How to Talk to Your Children About Your Estate Plan

Posted at 08:59h in Estate Planning by Phelps LaClair Law

It can be very difficult to think about estate planning and making arrangements for your children after you pass on. Many people struggle to talk about these topics as well, and talking about estate planning with kids can be even harder. The experts at Phelps...

Estate Planning attorneys - estate planning document with glasses, calculator, charts around it

28 Sep Goals of Estate Planning in Arizona

Posted at 11:40h in Estate Planning, Living Trusts, Living Will by Phelps LaClair Law

In Arizona, probate can become active for any estate valued at $75,000.00 or greater, and it can cause your estate to be held up in court for months, or even longer. Probate also involves attorney fees and additional court costs, all of which can easily...

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