Last Will and Testament—This is what many people think estate planning is. The truth is that while a will is part of it, an estate plan is so much more. At Phelps LaClair, we believe that everyone needs an estate plan, no matter how much...
The first experience doing anything new can be a time of tension and indecision. You are in unfamiliar territory without much of a map. You go online, you research as best you can, you seek advice from experienced friends; but in the end, you feel...
There are so many unknowns in life. When we are young, we wonder what we will be when we grow up. As we enter young adulthood, we wonder who we will marry (or even if we will marry). We wonder about career, status, employment, friendships...
In a recent blog post, we discussed two aspects of estate planning with foreign assets: taxation and wills. In this post, we will expand on the topic of international property ownership and valid wills. Phelps LaClair is a second generation estate planning law firm serving...
No matter who is elected (or re-elected) on November 3, estate planning tax strategies post-election will need to be reassessed. Phelps LaClair is a second generation estate planning law firm serving Chandler, Mesa, Phoenix and Scottsdale. Helping our clients to navigate changing tax laws is...
Digital assets are an important part of every estate plan. Most people have more digital assets than they realize. Online bank accounts, social media, online retail accounts, etc., are part of modern life that we all take for granted. But they are easy to overlook...
Phelps LaClair is one of the premiere estate planning law firms in the Phoenix area. We design and create an estate plan that is unique for each client. We often get asked, “What is a revocable living trust, and why do I need one?” Most...
A common question we get at Phelps LaClair is, “What happens to my stuff if I die without a will?” As estate planning attorneys with 40 years of doing business in Phoenix, we know that most people think that your “stuff” automatically goes to your...
Like most people, you probably have anxiety about your health during this coronavirus epidemic. Or perhaps your biggest concern is for your family. At Phelps LaClair, we share that concern for all of our clients in the Phoenix Valley. As estate planning lawyers, we want...
Long-term care planning is one of the key parts of a successful estate plan. Elder care is one component of long-term care planning. You may be far from retirement age, but it is never too soon to begin to consider what should happen if your...