A bill has been passed by both houses of Congress that could impact the tax liability of any retirement funds that you pass on to your heirs. At Phelps LaClair in Chandler, Mesa, Phoenix and Scottsdale, the estate plans we write are designed to maximize...
You’ve begun taking steps toward planning your estate. And rather than creating a will, you’ve decided to establish a trust fund, which, if funded properly, will enable your assets to be privately distributed to your loved ones without the delay or expense of probate court....
Why Do You Need a Revocable Trust? “Where there’s a will, there’s a way” is an oft-quoted saying that means if you want something badly enough, you will go to extraordinary lengths to get it. At Phelps LaClair, serving Chandler, Mesa, Phoenix and Scottsdale, the saying...
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...
Birthing or adopting a child is one of the most exciting things you will ever experience. And there is so much to do to prepare for their arrival. So, now that you have decided on the theme and colors for your new baby’s nursery, it’s...
No matter how young you are, every adult needs a plan for the future. Adult responsibilities require thoughtful consideration and careful planning to make the most out of one’s time on planet Earth. At Phelps LaClair, we believe that estate planning for millenials is better...
At Phelps LaClair in Gilbert, Chandler and Mesa, we often get questions like: “What is the difference between wills and estate plans?” We know from 40 years of experience that wills cannot encompass all the complexities of end-of-life issues. If you have any property at...
As much as you love your profession, from time to time you look forward to retirement. Will you travel? Do charity work? Spend hours on the golf course? Take up a new hobby? Perhaps you want to simply be there for your children and grandchildren....
At Phelps LaClair we get a lot of estate planning questions from people who have started or are starting a small business. Many of our clients are semi or fully retired business people who have settled in the Phoenix Valley. One of the most common...
In our most recent blog post we began a series on estate planning for blended families. With the rise in divorce rates in our nation, blended families are becoming increasingly common. And these families have estate planning needs that are more complex than nuclear families....