estate planning Tag Archives | Page 8 of 17

medicaid estate planning -- older woman smiling at the camera

03 Feb The Importance of Medicaid in Estate Planning

Posted at 08:48h in Elder Law, Estate Planning, Long-Term Care Planning, Medicaid Planning, Nursing Home Care by Phelps LaClair Law

Chances are, you will need assistance paying for medical care as you get older. Maybe you develop a condition where you can no longer work, leaving you without insurance. Or perhaps you require care in a nursing home. Medical care is expensive, and if you...

estate planning for military personnel -- US Army man in uniform standing in front of the American flag

28 Jan Estate Planning for Military Personnel

Posted at 14:33h in Estate Planning, Military, Power of Attorney, Veterans Asset Protection Trust, Wills by Phelps LaClair Law

Every day, thousands of brave men and women serve our country in the various branches of the military. With over 40 years of experience, it is an honor for Phelps LaClair to assist current and former military personnel with their estate planning needs. While the military...

25 Jan Who Should You Choose to Be Your Power of Attorney Agent?

Posted at 09:12h in Estate Planning, Power of Attorney by Phelps LaClair Law

Getting your affairs in order doesn’t just secure your family’s future after your death. By appointing someone with power of attorney (POA), you can also protect your own future in the event of a serious illness. At Phelps LaClair, we want to help you design...

saving for retirement - human hand using calculator on a desk

13 Jan Are You Behind on Planning for Retirement? How to Get Back on Track

Posted at 11:17h in Estate Planning, Retirement Planning by Phelps LaClair Law

Another year is upon us, and every year the time seems to go by more quickly. If you’re at retirement age or nearing it, you may be starting to feel that your time for making preparations is running out. Maybe you haven’t been saving as...

estate planning new year's resolutions - woman holding sparkler

21 Dec Your 2022 New Year’s Resolution: Estate Planning

Posted at 13:25h in Estate Planning, Living Will, Power of Attorney, Wills by Phelps LaClair Law

Happy New Year! Here at Phelps LaClair, we love this time of year. It’s a great time to reflect on the past year and the perfect time to set aspirations for the year ahead. Were you able to achieve the goals you set for yourself...

15 Dec How to Discuss Estate Planning with Your Parents

Posted at 15:13h in End of Life, Estate Planning by Phelps LaClair Law

Discussing estate planning and inheritance with your parents can be a difficult conversation. However, it is better to bring up the topic sooner rather than later, especially with elderly parents. At Phelps LaClair, we aim to give families peace of mind with sound estate plans....

ira withdrawal rules -- woman and man in business meeting

29 Nov What Happens If I Withdraw IRA Contributions Early?

Posted at 13:31h in Estate Planning, IRA Inheritance Trust by Phelps LaClair Law

There may come a time when you want to withdraw money from your individual retirement account (IRA). Perhaps you wish to use it to pay for college expenses for yourself or your children. Maybe you recently had a baby and could use some extra income....

amending a revocable trust - married couple sitting on bench

08 Nov Can I Amend a Revocable Living Trust?

Posted at 13:56h in Estate Planning, Living Trusts by Phelps LaClair Law

Besides the peace of mind it offers, one of the main advantages of a revocable living trust is the ease of making changes according to your wishes. Amending a revocable trust is a fairly simple process and help from your estate planner will make it...

Asset Protection - couple with two children next to apartment window

07 Apr Understanding Asset Protection & LLC’s

Posted at 14:33h in Asset Protection by Phelps LaClair Law

Asset Protection is something that anyone with significant assets needs to consider. We live in a time when many Americans believe that they have the right to sue anyone at any time for any reason: nearly $300 billion in lawsuits is filed in this country...

Trust admin blog - back of person looking out across a field

19 Jan What is The Process of Trust Administration

Posted at 08:00h in Asset Protection, Estate Planning, Living Trusts, Living Will, NFA Gun Trusts, Power of Attorney, Special Needs Planning, Uncategorized by Phelps LaClair Law

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 a Revocable Living Trust is set in place, grieving family members will be spared...

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