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...
Individual Retirement Accounts (IRAs) offer an excellent opportunity for people to save money in preparation for retirement. However, people who make more than a certain amount of money cannot contribute to a Roth IRA. But what if there was a way to contribute to a...
Before we stuff ourselves—quite literally!—during Thanksgiving dinner, the staff at Phelps LaClair loves to get together with their families and friends to participate in a morning turkey trot. Running is a great way to spend some time with loved ones while getting in some metabolism-boosting...
Mother’s day is coming up, and that means Moms all over the world will be honored for their nurture, training, and love. If you’re a mother, we want you to know we value your role as an influencer more than any other person’s role in...
In Arizona, probate can become active for any estate valued at $75,000.00 or greater, and it can cause your estate to be held up in court for months, or even longer. Probate also involves attorney fees and additional court costs, all of which can easily...
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...
Here at Phelps LaClair, we know how important estate planning can be, and we want to make sure that you do as well! We want to eliminate any misconceptions you may have about estate planning, so you can protect yourself and your family’s future. The benefits...
It is never too early to start planning for your future retirement. To make sure you have enough funds to enjoy the later part of your life, the estate planning experts at Phelps LaClair suggest that our clients consider investment retirement accounts (IRAs). There are two...
Another year is upon us, and every year the time seems to go by more quickly. If you’re at retirement age or nearing it, you may be starting to feel that your time for making preparations is running out. Maybe you haven’t been saving as...
There may come a time when you want to withdraw money from your individual retirement account (IRA). Perhaps you wish to use it to pay for college expenses for yourself or your children. Maybe you recently had a baby and could use some extra income....