Ready to begin estate planning, but unsure where to look for a good lawyer? With so many advertisements, it can be hard to tell who is qualified and who is overcharging. Not only that, but a poorly drafted will or a trust that wasn't funded...
You're great at setting a budget, saving money, and spending wisely. You might even have a business degree, be financially savvy, and stay up to date on the latest economic news. If that sounds like you, perhaps you’re wondering: Do I need estate planning advice,...
Trusts offer numerous advantages compared to wills. They offer you more control over your assets and help your loved ones avoid probate. They even offer enhanced privacy protection. A will, on the other hand, puts your assets through the expensive and lengthy probate process. Since...
There’s one crucial step that many people skip after signing their trust document—actually funding the trust. If you forget to complete this step, your assets will remain subject to probate and be vulnerable to creditors after you’re gone. No matter how detailed the instructions you...
If your parents have a substantial amount of debt, you have a very good cause for concern. You may be wondering what happens to their debts after they die, or worried that you might be held responsible for paying them. Fortunately, you can not inherit...
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...
Everybody needs an estate plan! In today’s internet culture, it’s very tempting to try to write your own. Because Phelps LaClair, serving Chandler, Mesa, Phoenix and Scottsdale has been in business for 40 years, we know how challenging it can be to write an estate...