planning your estate Tag Archives | Page 4 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,...

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...

30 Nov Estate Planning: How to Set Up A Trust For Pets

Posted at 12:48h in Estate Planning, Wills by Phelps LaClair Law

At Phelps LaClair, we know the value and esteem that some folks have for their companion animals and pets. Many people ask us if pets can be included in a will. The answer is a resounding yes! In fact, for many pets of the rich...

24 Nov Is it Better To Have a Will or a Trust?

Posted at 15:43h in Estate Planning, Living Trusts, Wills by Phelps LaClair Law

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...

19 Nov Estate Planning Basics: Your First Estate Plan

Posted at 06:51h in Estate Planning by Phelps LaClair Law

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...

13 Nov Chad Boseman Left No Will—Why You Need One

Posted at 16:03h in Estate Planning, Probate, Wills by Phelps LaClair Law

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...

27 Oct Digital Assets and Estate Planning

Posted at 11:59h in Asset Protection, Estate Planning by Phelps LaClair Law

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...

03 Sep Don’t Die Intestate!

Posted at 10:46h in Estate Planning, Probate by Phelps LaClair Law

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...

12 May Keeping Documents Safe

Posted at 12:50h in Asset Protection, Estate Planning by Phelps LaClair Law

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...

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