planning your estate Tag Archives | Page 2 of 5

To set future generations up for financial success, you need to have a plan in place for transferring that wealth with the fewest penalties possible. Here's how to build generational wealth with estate planning.

01 Apr How Estate Planning Can Help You Build Generational Wealth

Posted at 12:19h in Uncategorized by Phelps LaClair Law

You’ve spent your whole life working hard to achieve your financial goals, and of course you want to pass that wealth on to your children and grandchildren. However, building generational wealth involves much more than acquiring valuable assets. It also takes some careful financial planning,...

As a millennial, you’re in the prime of your life. But before you get any older, it’s a good idea to have a solid estate plan in place. Here are some estate planning facts for millennials in 2024.

07 Feb Estate Planning for Millennials: 2024 Edition

Posted at 09:30h in Estate Planning by Phelps LaClair Law

As a millennial, you’re in the prime of your life. Most millennials are now in their thirties and early forties, and they’re coming into inheritances, buying homes, starting families, and building wealth. But before you get any older, it’s a good idea to have a solid...

05 Feb OK, Boomer!

Posted at 09:21h in Estate Planning by Phelps LaClair Law

Boomers OK, Boomers—it’s time to consider some wisdom from Phelps LaClair! Popular culture would have us believe that life is a never-ending party. As a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale, we know that you need an estate plan. Because...

can't pay for nursing home care costs - elderly women getting out of bed

12 Jul What Happens to Your Assets if You Can’t Pay for Nursing Home Care Costs

Posted at 18:06h in Elder Care, Elder Law by Phelps LaClair Law

A nursing home is a facility that offers a step up in care from an assisted living facility. Both are on the continuum of long-term care. However, in a nursing home, elderly or disabled residents are provided with accommodations and personal care services, as well...

planning estates - EMERGENCY sign outside a building

02 Jul Who’s Got the Power (of Attorney)? Part 2 – Phoenix, AZ

Posted at 16:48h in End of Life, Estate Planning, Long-Term Care Planning, Power of Attorney by Phelps LaClair Law

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...

Estate Planning with an LLC - group of people shaking hands

08 Jan Estate Planning with an LLC

Posted at 07:59h in Asset Protection, End of Life, Estate Planning, LLCs by Phelps LaClair Law

In our last blog post we discussed the benefits of forming a Limited Liability Company for asset protection, taxes, and company structure. Because Phelps LaClair is the leader in the Phoenix Valley when it comes to estate planning, we have many Estate Planning options for...

power of attorney - older woman holding hand of younger woman

10 Dec What Does Power of Attorney Mean?

Posted at 08:04h in Asset Protection, Estate Planning, Long-Term Care Planning, Power of Attorney by Phelps LaClair Law

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...

Estate Planning attorneys - estate planning document with glasses, calculator, charts around it

28 Sep Goals of Estate Planning in Arizona

Posted at 11:40h in Estate Planning, Living Trusts, Living Will by Phelps LaClair Law

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...

20 Jul Estate Planning For Blended Families

Posted at 15:01h in Estate Planning by Phelps LaClair Law

These days, many more marriages will end in divorce than just a few years ago. The present rate is estimated to be between 40-50%. The divorce rate for subsequent marriages is even higher. For those entering a marriage that brings children from a previous marriage,...

09 Jan DIY Estate Planning

Posted at 14:30h in Estate Planning by Phelps LaClair Law

Planning a trip to Lowe’s or Home Depot for the next project is always fun for the hobbyist in the family. You make your plans on paper and make a list of materials you need, then you head off to the forest of possibilities. It’s...

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