In our most recent blog post we touched on several options for passing on your rental properties and real estate investments to your beneficiaries. In this post, we will look at additional factors to consider in your end-of-life planning as a real estate owner. At...
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...
As we age, we all understand the importance of taking time for a yearly medical checkup with our doctor. We also know biannual dental checkups are vital in helping to prevent tooth decay, so our teeth can remain healthy for the duration of our lives....
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...
Should your vehicle be in your living trust? A living trust gives you more control over the distribution of your assets when you're gone. But sometimes, determining which assets to include in your living trust can be confusing. Fortunately, the Phelps LaClair team can help...
In the past two months, we have spoken with a number of new and former clients concerned about the coronavirus. Phelps LaClair is a premier estate planning law firm in the Phoenix Metro area. We are well acquainted with folks who want a solid estate...
There are many ways to leave money to a charity in your estate plan. For example, you can make charitable donations in your will or name a nonprofit as the beneficiary of your 401K. You could also set up a charitable trust or contribute to...
Each year as the holidays approach, we treasure the joy of celebrating with our extended relatives and our immediate family members. It's a time to reflect on the richness of family as we consider the past and look to the future. In order to assure...
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....
The best places in the world for stargazing are designated “dark sky” locations. Arizona residents are lucky to have more than twenty of these places in the state! We explain what the term “dark sky” means and reveal the three best spots where you can...