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...
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...
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...
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....
Which are the best vehicles for estate planning: living trusts or limited liability corporations? Phelps LaClair has prepared thousands of estate plans for our clients in the Phoenix Valley. We can say with certainty that there is no “one size fits all” estate plan. Some...
You’ve begun taking steps toward planning your estate. And rather than creating a will, you’ve decided to establish a trust fund, which, if funded properly, will enable your assets to be privately distributed to your loved ones without the delay or expense of probate court....
Birthing or adopting a child is one of the most exciting things you will ever experience. And there is so much to do to prepare for their arrival. So, now that you have decided on the theme and colors for your new baby’s nursery, it’s...
You have worked hard to build your estate. Every purchase, every investment, every financial decision has been made so you can leave an inheritance that is also a legacy. Phelps LaClair, serving Phoenix, Chandler, and Mesa, is a second generation estate planning law firm dedicated...
In our most recent blog post we began a series on estate planning for blended families. With the rise in divorce rates in our nation, blended families are becoming increasingly common. And these families have estate planning needs that are more complex than nuclear families....
Phelps LaClair, serving Chandler, Mesa and Gilbert AZ, is a second generation estate planning firm. In consulting with thousands of clients over the years, we have learned there are many misconceptions about wills and trusts. Here are 3 of the most common Revocable Living Trust...