Losing a family member is hard enough without the added stress of complications that can occur as a result of poor estate planning on the part of the deceased. But if you have a revocable living trust, grieving family members will be spared from experiencing...
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...
When most people think about funding a living trust, their focus is on big-ticket items like their home, investments, and savings accounts. Cars don’t always make the list. But should you include your vehicle in your trust? The answer really depends on the car, your...
Mother’s day is coming up, and that means Moms all over the world will be honored for their nurture, training, and love. If you’re a mother, we want you to know we value your role as an influencer more than any other person’s role in...
Your home, vehicles, and investments aren’t the only things you need to include in your estate plan. You should also name beneficiaries for your personal property. Treasured items like a hope chest or a grandfather clock tell the tales of your family’s history. But passing down...
Brown. Dry. Heat waves gleaming off the rocks. Cacti surrounding you. Thirst that seems unquenchable, and only sand in sight. Is this the picture you get when you think of the desert? Most people think of the desert as a wasteland that has nothing to...
If you’re planning to leave your home or any other real estate property to someone else when you pass, a beneficiary deed can smooth out the process. At Phelps LaClair, we help Arizona residents bequeath property and avoid probate with a variety of reliable estate...
When people hear the word “estate,” they often imagine mansions, yachts, and massive investments. But the truth is, everyone has an estate. If you own anything at all—like a house or a savings account—you have an estate. So, what actually makes up an estate, and what...
A trust is a valuable tool for asset protection, and each type of trust has its own unique advantages. Before we can establish which trust is best for you. It may be confusing or difficult to picture what life will look like for your loved...
Owning multiple properties can be a dream come true. Maybe you bought a vacation home in California and a ski cabin in Colorado, or you own rental properties in Florida. Property ownership can be an exciting venture, especially while you’re enjoying the benefits of your...