It's important to start talking about money when your kids are still young. The more they learn about how money works, the better they'll be at handling it when they're adults. These conversations can be difficult, but shielding your children from financial matters will not do...
When it comes to leaving an inheritance, every family’s situation is unique. As an estate planning firm in Arizona, one of the most sensitive topics we encounter with clients is how to deal with an unequal inheritance. While it may feel easier to divide everything...
It can be uncomfortable to talk to your children about their inheritance. While you don’t have to tell your children exactly how much they will inherit, it is a good idea to have a conversation with them about what to do with an inheritance. If...
Individual situations and people can change quickly and dramatically. You don’t want to disclude an irresponsible child from their inheritance—you want to protect their financial future so that when they’re ready, they can handle a large amount of money. Let's go over how to leave...
Inheritances are meant to be a way for you to pass on assets and wealth to the next generation, providing financial security and comfort for your loved ones. However, settling a loved one’s estate can be an emotional process. And it’s even more stressful when...
Many people dread the thought of estate planning because they don’t know how to split up their assets equally. But not having an estate plan at all can lead to serious disputes between your loved ones. Although dividing an estate isn’t a one-size-fits-all task, there...
If you or a loved one dies without a will, the Arizona inheritance laws can complicate the process of distributing your assets. At Phelps LaClair, we can help you leave an inheritance without burdening your loved ones. We can also help incorporate any inheritance you...