There may come a time when you want to withdraw money from your individual retirement account (IRA). Perhaps you wish to use it to pay for college expenses for yourself or your children. Maybe you recently had a baby and could use some extra income....
Besides the peace of mind it offers, one of the main advantages of a revocable living trust is the ease of making changes according to your wishes. Amending a revocable trust is a fairly simple process and help from your estate planner will make it...
It’s important for you to have an estate plan that works for you and your family—not a boilerplate plan written by someone unfamiliar with your situation. An estate tax planning advisor is a key element to creating the most effective plan for you. What is estate...
You have worked hard to build your estate. Every purchase, every investment, every financial decision has been made so you can leave an inheritance that is also a legacy. Phelps LaClair, serving Phoenix, Chandler, and Mesa, is a second generation estate planning law firm dedicated...
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...
Arizona is a great place for a vacation. Some folks like it so much, they move here. Others want to enjoy the diverse vacation opportunities year after year. One of the most flexible and affordable options for family vacations is investment in a timeshare property....
Our estate planning firm, Phelps LaClair, is a second generation business serving Gilbert, Chandler and Mesa. Being the second generation, we understand how important it is to plan for the future. Estate planning for small business owners with a multi-generational business requires intentional consultation with...
James Phelps was interviewed on TV3’s Your Life Arizona this past week and answered some questions about estate planning. James is the managing partner at Phelps LaClair, with offices in Phoenix, Chandler, and Mesa. Phelps LaClair is approaching their 40th year in estate planning. During the...
These days you can pay a fee and create your own online trust or will. The claim of the sites that offer these do-it-yourself forms is that you’ll save time and expense. But we’ve got a different perspective. At Phelps LaClair firm in the Phoenix...
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...