Everyone needs a will. If you die without one, then the court gets to decide who inherits your property and who gets to care for your children. But what should you include in your will, and what should you leave out? In this post, we...
Holidays are a time for joy, laughter, pretty lights, great decorations, and delicious food. We gather with friends and family, we connect with past acquaintances, we enjoy festivities and special events. And in the middle of all the activities that go along with holiday seasons,...
Your home, vehicles, and investments aren’t the only things you need to include in your estate plan. You should also name beneficiaries for your personal property. Treasured items like a hope chest or a grandfather clock tell the tales of your family’s history. But passing down...
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...
There is a quote from Jason Bourne in one of the early Bourne Trilogy novels: “Rest is a weapon.” Bourne was exhausted from days of sleeplessness. In spite of needing to stay vigilant, he recognized that he needed rest in order to be able to...
DIY, or do-it-yourself, has become a common phrase in modern language. And while a DIY attitude may work well to foster creativity for daily life, when it comes to estate planning, DIY can cause devastating complications—which is the last thing you want your family to...
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...
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...