living trusts Tag Archives | Page 3 of 6

24 Sep Leaving Money to Grandchildren in a Trust

Posted at 08:00h in Asset Protection by Phelps LaClair Law

Upon the arrival of a sweet little bundle of joy, a grandparent’s thoughts often turn to the financial stability of their loved one’s future. Helping provide for your grandchildren by leaving them the assets you’ve accumulated is a common practice. However, the best way to...

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...

26 Jul Protective Inheritance Trust

Posted at 12:03h in Asset Protection, Estate Planning, Irrevocable Trusts by Phelps LaClair Law

“Kids! What’s the matter with kids today?” This famous song from Bye, Bye Birdie! Tells the feelings of both love and frustration that parents have concerning their children. At Phelps LaClair, we have experienced the deep emotions that parents go through when they are considering...

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...

05 Sep What Does it Mean to Fund a Living Trust?

Posted at 13:32h in Living Trusts by Phelps LaClair Law

Have you recently created a living trust? That’s fantastic! Trusts are wonderful tools for protecting estate assets like bank accounts, money market accounts, properties, businesses, cars, boats, and more. Another big benefit of living trusts is that they keep your estate out of probate court....

veterans asset protection trust arizona - four people in uniform walking holding the American flag

23 Oct The Veterans Asset Protection Trust

Posted at 11:56h in Elder Care, Elder Law, End of Life, Veterans Asset Protection Trust by Phelps LaClair Law

There's nothing worse than watching your hard-earned assets dwindle during your golden years. But that is exactly what can occur as a result of spending time in a long-term care facility. Unfortunately, more than half of older Americans will end up in a skilled nursing...

family cabin trust - cabin in woods at sunset

03 Aug 3 Ways to Pass on the Family Cabin

Posted at 09:30h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair Law

Developing a family cabin succession plan requires long-range planning that involves the whole family. This may seem obvious, but cabin owners should confirm that each child or other prospective new owner has an interest in becoming a cabin owner. After it’s determined that there is cooperation...

24 Nov Is it Better To Have a Will or a Trust?

Posted at 15:43h in Estate Planning, Living Trusts, Wills by Phelps LaClair Law

Last Will and Testament—This is what many people think estate planning is. The truth is that while a will is part of it, an estate plan is so much more. At Phelps LaClair, we believe that everyone needs an estate plan, no matter how much...

20 Aug Why You Need an Estate Planning Attorney

Posted at 12:46h in Estate Planning by Phelps LaClair Law

Phelps LaClair is a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale. Our business is designing estate plans that will protect your assets while you are living and help you to pass them on to your beneficiaries when the time comes....

Trust Administration Phoenix - silhouette of person against a mountain range

18 Sep Choosing A Trust Administrator in Phoenix, AZ

Posted at 12:49h in IRA Inheritance Trust, Living Trusts, Special Needs Trust, Veterans Asset Protection Trust by Phelps LaClair Law

You’ve begun to set in place a Living Trust that will protect your assets and keep your estate from going through the expense and delay of probate. But there’s one area of your planning that has been causing you a bit of difficulty: you’re struggling...

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