irrevocable trusts Tag Archives

asset protection planning, asset protection strategies, how to protect personal assets, who needs asset protection, estate planning attorney in Scottsdale

14 Apr Tips for Asset Protection

Posted at 06:15h in Asset Protection by Phelps LaClair Law

Who needs asset protection planning? Is it necessary for everyone, or is it only important in certain situations? Asset protection planning is a key component of wealth management. The goal is to shield your wealth from being seized or used to satisfy a legal judgment. Not...

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18 Mar Can a Trust Be Contested in Arizona?

Posted at 10:55h in Irrevocable Trusts, Living Trusts by Phelps LaClair Law

Setting up a trust is often a crucial step in estate planning. Whether they are revocable or irrevocable, trusts are designed to ensure the smooth transfer of assets to their beneficiaries. But what happens when the trust instructions don’t seem to align with the grantor’s...

16 May Generation Skipping Trust

Posted at 12:17h in Estate Planning, Irrevocable Trusts, Taxes by Phelps LaClair Law

There is a famous saying: “It’s not so much what you earn that’s important, it’s what you can keep.” Everyone is on the lookout for ways to reduce their tax burden. Phelps LaClair is a 2nd-generation estate planning law firm serving Chandler, Mesa, Phoenix and...

28 May Pros and Cons of Irrevocable Trusts

Posted at 11:27h in Asset Protection, Estate Planning, Irrevocable Trusts by Phelps LaClair Law

A trust fund is a legal document set up and funded by a grantor to help a beneficiary. It is administered by a trustee. At Phelps LaClair, serving Chandler, Mesa, Phoenix and Scottsdale, we have helped thousands of people create revocable and Irrevocable trusts. Most...

12 Sep What Is a CRT and When Would I Use It?

Posted at 12:31h in Estate Planning by Phelps LaClair Law

Are you curious about a charitable remainder trust (CRT) distribution or how it relates to estate planning? Learning more about estate planning vehicles like irrevocable trusts and charitable remainder trusts will help you select the right ones for your situation. We’ll cover those topics here and...

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21 Apr Why Estate Planning Is Important Even When You’re Single

Posted at 13:51h in Asset Protection, Estate Planning by Phelps LaClair Law

People who are single and childless often assume they don’t need estate planning services. While it’s true that estate planning can benefit married couples and people with children, the reality is that estate planning is for everyone. Here’s why estate planning is so important, whether...

the experts at Phelps LaClair can advise you on the advantages of a revocable vs. irrevocable trust

07 Jul Revocable vs. Irrevocable Living Trust

Posted at 08:59h in Asset Protection, Estate Planning, Irrevocable Trusts, Living Trusts, Living Will by Phelps LaClair Law

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...

types of irrevocable trusts - coins and small plants

17 Dec Types of Irrevocable Trusts

Posted at 09:03h in Estate Planning, Irrevocable Trusts by Phelps LaClair Law

Phelps LaClair is a second-generation estate planning firm in Gilbert, Arizona, where helping you plan for your family’s future isn’t just part of what we do, it’s all we do! In considering which type of legal document might be best to protect your legacy, you’ve...

Setting up a lifetime asset protection trust is a great way to protect your children's inheritance. Here's how it works.

03 Jul What Is a Lifetime Asset Protection Trust?

Posted at 09:00h in Uncategorized by Phelps LaClair Law

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....

19 Jun Does a Living Trust Protect Your Assets from Lawsuits?

Posted at 20:49h in Asset Protection, Living Trusts by Phelps LaClair Law

A living trust keeps your assets out of probate and provides numerous other benefits as well. However, it’s important to understand the limitations of a living trust if you want to ensure that your assets are properly protected. If you’re concerned about the possibility of getting...

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