living trusts Tag Archives

do you need a trust if you have beneficiaries

17 Aug I Named Beneficiaries, Do I Need a Trust?

Posted at 08:09h in Living Trusts by Phelps LaClair Law

Estate planning aims to ensure that your assets are distributed exactly according you your wishes. However, achieving this goal can be complex. “Do you need a trust if you have beneficiaries?” is a common question we get. While naming beneficiaries for your accounts is a...

22 Jun Essential Estate Planning Documents

Posted at 07:43h in Estate Planning by Phelps LaClair Law

In the past two months, we have spoken with a number of new and former clients concerned about the coronavirus. Phelps LaClair is a premier estate planning law firm in the Phoenix Metro area. We are well acquainted with folks who want a solid estate...

04 May Estate Planning Amid the Coronavirus Pandemic

Posted at 17:49h in Advance Directive, Estate Planning, Living Trusts, Living Will by Phelps LaClair Law

In this time of the COVID-19 crisis, many people are asking what will happen to their families if they become sick. Phelps LaClair has been in the estate planning business for forty years. In our time of serving Chandler, Mesa, Phoenix and Scottsdale, we can...

Moving to another state or buying a new home? These are both times when you need to update your estate plan.

26 Apr Updating Your Estate Plan After You Move

Posted at 08:46h in Asset Protection, Estate Planning by Phelps LaClair Law

There's always a lot of paperwork involved in changing your primary residence. You have to notify the Post Office to forward your mail and change the billing address on all your accounts. It gets even more complicated if you're moving out of state, because you'll...

man and woman talking to lawyer in legal office

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...

estate plan importance - swimming pool beside house

16 Dec Why is An Estate Plan So Important?

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

Estate planning is a strategic step to setting your finances and assets in order prior to incapacitation or death. Life has many unexpected turns along the way, and when we plan for them in advance, it saves time, money, and unnecessary headaches. The estate planning...

14 Nov Don’t Let Your Estate Plan Fail—Avoid These Common Living Trust Mistakes

Posted at 15:19h in Estate Planning, Living Trusts by Phelps LaClair Law

Setting up a revocable trust (also known as a living trust) is a crucial step in estate planning. A living trust allows you to manage your assets during your lifetime, and streamline the distribution of your estate after you pass away. Placing your assets in...

24 Dec How to Spread Holiday Cheer All Year

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

Holidays are a time for joy, laughter, pretty lights, great decorations, and delicious food. We gather with friends and family, we connect with past acquaintances, we enjoy festivities and special events. And in the middle of all the activities that go along with holiday seasons,...

Advantages & Disadvantages of an Irrevocable Trust - lock and key on a bed of chains

25 Jun Advantages & Disadvantages of an Irrevocable Trust

Posted at 11:03h in Living Trusts by Phelps LaClair Law

When you’re looking to protect your assets for future generations, calling on the expertise of an estate planning lawyer is a smart idea. At Phelps LaClair Firm we’ve been helping families in the Phoenix Valley choose the right estate planning vehicle for their needs for...

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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