Only two things are certain, as they say: death and taxes. If you’re a real estate investor, you probably already plan for the certainty of paying taxes on your rental properties. But do you have a plan in place, should something happen to you? Phelps...
Living Trusts involve making wise decisions in order to protect your financial future. Good Living Trusts successfully designate who inherits your estate after you’ve passed away and when the finances are distributed. A good plan also protects your hard-earned finances and assets from loss 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...
There are many hidden gems in the Phoenix Valley; natural landmarks; historical firsts; interesting eateries and pubs; and Jeffrey LaClair. Yes, we include our very own Phelps LaClair attorney, Jeffrey LaClair, in that list of hidden gems. Jeffrey has strong experience and much wisdom regarding...
An important step in estate planning is to complete the paperwork for a durable power of attorney (POA). There are two types of powers of attorney, a financial POA and a health POA. A financial power of attorney document provides for someone of your choosing...
Wouldn’t you love to be able to meet your estate planning lawyer before you choose to work with a certain firm? Making decisions about your estate isn’t something you take lightly. You want advisors who know what they’re talking about. That’s one reason Phelps LaClair,...
If you’re new to estate planning, you may feel a bit of confusion about some of the words and labels used to a describe the different options available to you. Don’t worry, you’re not alone. At Phelps LaClair, located in Phoenix, Chandler, and Mesa Arizona,...
There are many kinds of trusts, and sorting through which one is right for your estate plan can feel a little like trying to figure out the best car to buy among the more than 240 models available in the United States. Fortunately, there are...
Your estate plan and your long-term care plan MUST work together. Why? Before we answer that question, we’ll start by briefly explaining the major factors involved in setting up each plan. We’re Phelps LaClair, located in Chandler, Mesa, and Phoenix Arizona. As an estate planning...
Having transparent conversations with your adult children about your estate plan is difficult enough without the complication of divorce or remarriage. And if there are stepchildren involved, maintaining healthy relationships while planning for the future can be even more challenging. At Phelps LaClair, serving Scottsdale...