estate planning Tag Archives | Page 12 of 16

Setting up a lifetime asset protection trust is a great way to protect your children's inheritance. Here's how it works.

03 Jul What Is a Lifetime Asset Protection Trust?

Posted at 09:00h in Uncategorized by Phelps LaClair

Oftentimes, the key to creating generational wealth lies in protecting the assets you pass down to your children and grandchildren. If you don't want their inheritance to get squandered by an irresponsible spouse, or lost in an unexpected lawsuit, there are steps you can take....

woman with head and hands staring at computer on desk

20 Mar 6 Mistakes Successor Trustees Make and How to Prevent Them

Posted at 19:05h in Uncategorized by Phelps LaClair

Being named as successor trustee is a big responsibility that comes with legal and fiduciary duties. It means you’re in charge of managing someone’s trust after they pass away or become incapacitated. While it may seem straightforward at first, there are several dangerous mistakes that...

It’s your will, so you should be able to alter it if you wish. However, making handwritten changes to a will isn’t always a wise idea. Here’s why.

29 Aug Can You Make Handwritten Changes to a Will?

Posted at 07:14h in Wills by Phelps LaClair

Keeping your will up-to-date is very important. Whether you want to add a new family member or new assets to your will, it’s best to make those changes as soon as possible. But even if you meet with your estate planning attorney on a regular basis,...

01 Nov Who Can Witness a Will in Arizona?

Posted at 12:25h in Wills by Phelps LaClair

One of the most important steps in making a will is having it witnessed. Whether your will is typed, handwritten, or electronic, without the signatures of witnesses it will not be legally valid. But you have to be careful who you choose to be your...

16 Oct When to Start Estate Planning—Why You Shouldn’t Wait

Posted at 21:11h in End of Life, Estate Planning by Phelps LaClair

Estate planning is a sensitive matter that many people avoid, especially if they’re young. But don’t assume that you won’t have to worry about it until the distant future—adults of all ages can benefit from estate planning. A thorough estate plan ensures financial security and...

06 Oct AI in Estate Planning: Can You Use Artificial Intelligence to Write Your Will?

Posted at 18:59h in Estate Planning, Wills by Phelps LaClair

Careful estate planning is crucial if you want to secure your legacy and make sure your assets end up in the right hands at the right time. But drafting an estate plan can be overwhelming for many, and it may be tempting to turn to...

19 Sep What Should I Put in My Will?

Posted at 11:15h in Wills by Phelps LaClair

Everyone needs a will. If you die without one, then the court gets to decide who inherits your property and who gets to care for your children. But what should you include in your will, and what should you leave out? In this post, we...

24 Aug Six Estate Planning Tips for a Happy Retirement

Posted at 21:47h in Estate Planning, Retirement Planning by Phelps LaClair

Retirement is an exciting milestone—you finally get to enjoy the hard-earned fruits of your labor. As you plan for your senior years, don’t neglect the responsibility of estate planning. A thorough estate plan will ensure that your assets are protected, your loved ones are provided...

12 Aug What Types of Assets Are Subject to Probate in Arizona?

Posted at 09:04h in Asset Protection, Probate by Phelps LaClair

Probate is the legal process of transferring the ownership of a deceased person’s property to their heirs, and it can take a long time to complete. There are many types of assets that are automatically subject to probate, unless you place them in a trust....

father smiling carrying his two children

22 Jun Life Insurance and Your Estate Plan

Posted at 20:14h in Estate Planning, Life Insurance by Phelps LaClair

A life insurance policy helps provide financial security and peace of mind for your loved ones after you’re gone. Understanding how life insurance works with your estate plan is essential for effectively protecting your assets and providing for your beneficiaries. Here’s what you need to...

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