In our last blog post, we discussed several important factors to consider in regard to Long-Term Care Insurance (LTCI). It’s one viable choice for being ready, in the event that you or your spouse should ever need long-term care in the form of custodial care...
Family is our most intimate social connection. And in past generations, it was assumed that younger generations would take care of the older generations. But in today’s society, two-income families and a plethora of community and social activities have changed the landscape of life as...
Elder Care. It’s a hot topic for many, especially when it comes to estate planning. None of us wants to think about the possibility of ending up in a long-term care facility like a nursing home. But it’s a reality we’ve got to think about...
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...
You and your spouse are both vital and healthy, and you don’t plan on getting sick. Why then, should you make the effort now to prepare for end-of-life issues? After all, you’re confident you’ve set aside enough retirement funds to give you plenty of leeway,...
At Phelps LaClair, serving the Phoenix Valley, we’re passionate about helping others prepare for the future by creating estate plans that involve a strong long-term care plan. An effective estate plan covers several crucial financial bases. First, it provides an adequate financial base for your...
For Elder Law in Phoenix, Chandler, or Mesa, you need a law firm with a good understanding of 3 important financial aspects as they relate to your portfolio: estate planning, elder law, and tax law. Phelps LaClair has been helping families successfully prepare a legacy...
As an estate planning firm, Phelps LaClair (serving the greater Phoenix metropolitan area), has much to say about planning ahead. In America, we plan for a career by pursuing a good education; or we save money for a downpayment in order to purchase a home....
Your estate plan and your long-term care plan MUST work together. Why? Before we answer that question, we’ll start by briefly explaining the major factors involved in setting up each plan. We’re Phelps LaClair, located in Chandler, Mesa, and Phoenix Arizona. As an estate planning...
There is an important role to consider as you grow older and set your finances in order for the future. Should you ever become incapacitated, someone will need to step into your shoes and act as your durable power of attorney. Preparing ahead of time...