LLC Tag Archives | Phelps LaClair

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...

Will 2026 be the year that you finally put your estate plan together? Here’s a quick checklist with six goals to help get you started.

17 Feb Six Estate Planning Goals to Set in 2026

Posted at 10:07h in Estate Planning, Living Trusts, Wills by Phelps LaClair Law

Will 2026 be the year that you finally put your estate plan together? Most people aren’t sure where to start, or what they need to do besides writing a will. But it’s important not to put off this very important task. Estate planning can help...

estate planning tips for newlyweds - married couple

20 Mar Estate Planning Tips For Newlyweds

Posted at 09:39h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair Law

At Phelps LaClair, we love the springtime. It’s a perfect time for looking ahead in anticipation of new life and new challenges. Spring is the time when a young man’s fancy turns to . . . well, you know. When birds are building nests and...

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 succession plan for your family cabin 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...

Here are some tips on how to keep yourself and your loved ones safe during the scorching summer heat in Arizona

15 Sep The Danger In Rentals

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

As a trial lawyer years back, I encountered dozens of horror stories from rental properties. While rental properties may have a place in your investment portfolio, they can be dangerous assets if not properly setup and managed. Phelps LaClair is located in Gilbert Arizona where...

01 Jul Does My Business Belong in a Trust?

Posted at 10:39h in Business Owners, LLCs by Phelps LaClair Law

Trusts can be used to your advantage for personal and business reasons to accomplish your goals of reducing or eliminating your estate taxes. Other benefits of trusts include: asset protection, probate avoidance, and safeguarding from creditors or lawsuits. Many types of trusts exist, and they each...

can a minor child inherit a business? how do I pass my business onto my son/daughter? funding a trust with an LLC

24 Sep Can My Minor Child Inherit My Business?

Posted at 14:43h in Business Owners by Phelps LaClair Law

If you’re a business owner and you’ve created something successful from the ground up, it’s a great point of pride. You want to make sure it’s well cared for and remains in the best hands if you’re unable to run it someday. Many people pass on...

family business transition, transfering a family business, how to pass on your company to the next generation

22 Jul How Do I Pass On My Family Business?

Posted at 18:07h in Asset Protection, Business Owners, Estate Planning by Phelps LaClair Law

When it’s time to retire and you’re a business owner, leaving isn’t as simple as just picking a day on the calendar. It requires thought, communication, and legal action. If you intend to pass your business on to your children, grandchildren, or other family members,...

what happens to an llc when the owner/a member dies

29 Jul What Happens to an LLC After a Member Dies?

Posted at 08:25h in Estate Planning, LLCs by Phelps LaClair Law

Forming an LLC is a good way to protect your business assets in the event of a lawsuit or bankruptcy. However, if you’re considering creating an LLC, you may be wondering what happens to your ownership interest after you pass away. At Phelps LaClair, we’re...

13 Jun Do You Need an LLC for Your Rental Property?

Posted at 20:28h in Asset Protection, Business Owners, LLCs by Phelps LaClair Law

If you own rental properties in Arizona, you may be wondering whether an LLC is something you really need. While LLCs aren’t mandatory for rental properties, they’re certainly a good idea. A Limited Liability Company (LLC) protects assets like real estate by making them into separate...

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