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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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...

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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....

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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...

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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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09 Mar Who Is Eligible for a Special Needs Trust?

Posted at 18:24h in Special Needs Planning, Special Needs Trust by Phelps LaClair Law

When someone has a disability, setting up a special needs trust (SNT) will help ensure that they are cared for financially. Assets placed in an SNT offer financial support without affecting the beneficiary's eligibility for important government assistance program benefits. At Phelps LaClair, we want...

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28 May Pros and Cons of Irrevocable Trusts

Posted at 11:27h in 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...

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21 Apr Estate Planning and Divorce

Posted at 07:39h in Estate Planning, Irrevocable Trusts, Living Trusts by Phelps LaClair Law

  “Till death do us part” is often quoted in marriage vows. And for good reason. Very few marriages start out with the intention of ending in divorce. However, divorce is a reality that affects about half of all marriages. Phelps LaClair estate planning law firm...

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