power of attorney Tag Archives

25 Jun Who’s Got the Power (of Attorney)? Part 1 – Phoenix, AZ

Posted at 10:00h in Elder Care, End of Life, Long-Term Care Planning, Power of Attorney, Uncategorized by Phelps LaClair Law

There is an important role to consider as you grow older and set your finances in order for the future. Should you ever become incapacitated, someone will need to step into your shoes and act as your durable power of attorney. Preparing ahead of time...

05 Mar Trust Administrator Duties-Gilbert Arizona

Posted at 11:12h in Asset Protection, Estate Planning, Living Trusts, Living Will by Phelps LaClair Law

Living Trusts involve making wise decisions in order to protect your financial future. Good Living Trusts successfully designate who inherits your estate after you’ve passed away and when the finances are distributed. A good plan also protects your hard-earned finances and assets from loss and...

28 Dec Benefits of an IRA Trust

Posted at 08:00h in Asset Protection, Estate Planning, Living Trusts, Living Will, Power of Attorney by Phelps LaClair Law

Preparing for the future is an important part of life. An Individual Retirement Account (IRA) is one very common financial investment that includes tax benefits to help people save for their golden years and pass on an inheritance to successive generations. But if plans haven't been...

Every adult needs an estate plan, especially if they have children—we go over the basics of estate planning for families.

30 Jan Estate Planning: Why It’s Not Just for Wealthy Families

Posted at 16:19h in Estate Planning, Irrevocable Trusts, Living Trusts by Phelps LaClair Law

Every family needs estate planning, no matter which tax bracket they fall into. Parents in particular need to take steps like naming a guardian, writing a will, and providing for the future. You don't have to be rich to do things like set up a...

understanding wills and medical directives

04 May Understanding Living Wills and Medical Directives

Posted at 12:00h in Living Will, Power of Attorney by Phelps LaClair Law

Create a Living Will Your End of Life Care Decisions Should Not be a Guessing Game A Living Will is an essential piece of your estate plan because it spells out your end-of-life medical decisions. A Living Will allows your family and physicians to rest assured...

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...

27 Mar Medical Power of Attorney

Posted at 11:14h in Estate Planning, Living Will, Power of Attorney by Phelps LaClair Law

During times of national crisis when lives are hanging in the balance, it is important to talk about things relating to incapacitation, end-of-life issues, and death. We know it can be a fearful and painful discussion to have, but it is better to have it...

successor trustee, emergency, being prepared by estate planning

15 Jul Successor Trustee

Posted at 13:39h in Estate Planning, Power of Attorney by Phelps LaClair Law

When you put your assets into a Living Trust, you know that you, as the grantor, maintain full and complete control. You are also the Trustee. As a result, you get to decide what happens with those assets. And because you are the lifetime beneficiary,...

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 new year's resolutions - woman holding sparkler

21 Dec Your 2022 New Year’s Resolution: Estate Planning

Posted at 13:25h in Estate Planning, Living Will, Power of Attorney, Wills by Phelps LaClair Law

Happy New Year! Here at Phelps LaClair, we love this time of year. It’s a great time to reflect on the past year and the perfect time to set aspirations for the year ahead. Were you able to achieve the goals you set for yourself...

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