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...
When we’re young, we don’t give much thought to growing older. But by the time we reach our 50s, we’re probably coming to terms with one reality of life: eventually, we grow old. However, there are keys to aging successfully! As an estate planning firm...
In a recent blog post, we discussed the importance of naming a financial durable power of attorney to act on your behalf in the decision-making process. That person is given legal authority to carry out any financial directives in your stead, should you become incapacitated...
Long-term care encompasses medical and support services for people who have a degenerative illness, injury or incapacitation. It is an expensive process that can drain your estate quickly. As an estate planning law firm in Phoenix, Chandler, Mesa and Scottsdale, Phelps LaClair advises all of...
When going through the estate planning process, you may encounter words and phrases you’re not familiar with. One of the most misunderstood terms is “power of attorney.” Here at Phelps LaClair, we want our clients to fully understand every aspect of their estate plans. In...
COVID-19 is an evolving and rapidly changing health crisis, as we all know. The people most at risk from serious health effects are the elderly. Many of these vulnerable people will need long-term care. At Phelps LaClair, we have long advocated for long-term care solutions...
Our last Phelps LaClair blog post was about aging successfully and how our attitude can make a huge difference in the process of aging. But it’s possible that even with a great attitude and good self-care, a time will come when we simply cannot manage...
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...
When you hear the term estate planning, the first thing you probably think about is a person in their mid-60’s, or older. Well today we’re going to challenge your perception. What if we told you that you should have an estate plan much earlier than...