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...
At Phelps LaClair in the Phoenix Valley, Living Trusts (and in particular, Revocable Living Trusts) are a mainstay of our estate planning. But for a living trust to be entirely effective, several steps need to be taken. First comes the important task of fully funding...
Congratulations on setting an appointment to meet with an estate planning attorney! That is an important first step in setting up your estate plan. If this is your first time speaking with an advisor, chances are good you have questions on what to bring to...
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...
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...
Did you know that you can designate a beneficiary for most bank accounts? Naming a beneficiary is the easiest way to allow your loved ones to access your accounts and avoid having to deal with the complications of probate court. Here’s why you need a...
Let’s face it: as much as popular culture would like to deny it, our bodies age. When we’re young and raising families, we’ve got loads of energy and stamina, especially if we also have a robust exercise regime. But as we grow older, our physical...
As a second generation firm in Estate Planning, Phelps LaClair has been helping folks like you understand the guardianship duties for aging parents in Phoenix and the surrounding area. A legal guardianship is similar to, but somewhat different from a power of attorney. What follows...
Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...
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...