At Phelps LaClair, we believe that rest is important for our lives to be in balance. The author of the Bourne Trilogy series said, “Rest is a weapon.” As the year is winding down and we are heading into the busy holiday season, remember to...
In a previous blog post, we shared about the exercise benefits of horse riding. Today, we’d like to highlight several trail rides in our wonderful region of Arizona. We’re Phelps LaClair, and we’ve been part of the greater community around Phoenix ever since the early...
There are many ways to leave money to a charity in your estate plan. For example, you can make charitable donations in your will or name a nonprofit as the beneficiary of your 401K. You could also set up a charitable trust or contribute to...
Each year as the holidays approach, we treasure the joy of celebrating with our extended relatives and our immediate family members. It's a time to reflect on the richness of family as we consider the past and look to the future. In order to assure...
Do you want to leave a lasting legacy and continue to make a difference after you’re gone? If you’re passionate about a cause and want to support it even after you pass away, there are several ways to leave money to a charity. You can...
Choosing a beneficiary for your 401K is an important decision. Even though retirement accounts do not have to go through probate, they can still be subject to taxes and fees. And when it comes to inheriting a 401K account, different rules apply for charities, spouses,...
A durable power of attorney (POA) is a legal document that gives someone you trust the right to make financial and/or medical decisions on your behalf. It's a good safeguard to include in your estate plan, just in case a time comes when you are...
As we age, our medical needs change. That is just a part of life. And depending on your personal medical history, you may want to plan for an event where, if you cannot communicate directly with doctors and nurses, you have someone who knows your...
Starting conversations about things like inheritance and end-of-life decisions can be very difficult. However, it’s important to discuss these topics with your parents sooner rather than later. The decisions they make now will significantly impact your life in the future. By making sure they have...
In our last two blog posts, we introduced several key concepts involved with Long-Term Care. In today’s blog post we’ll finish the 3-part series by highlighting possible solutions for protecting your estate’s assets from the prohibitive costs of Long-Term Care. At Phelps LaClair in Phoenix,...