One of the top 10 estate planning mistakes that many people make is having an inadequate plan that will necessitate probate court. Why is probate so negative? It devours time and money that is better invested in the inheritance you leave to your beneficiaries. At...
In some of our recent blog posts at Phelps LaClair we have been writing about celebrities who have died without a will or trust in place. In most cases, the lack of planning comes down to procrastination. But even for folks who do have an...
Aretha Franklin has been in the news this week. She died last August without a will, and her estate of $80 million dollars has been tied up in probate court. It was announced several days ago that as some of her belongings were being moved...
If you live in Arizona and you’ve been thinking about protecting your financial assets for the future, it’s wise to understand the state’s legal processes concerning wills and trusts. James Phelps is a second generation estate planning attorney at Phelps LaClair, serving Chandler, Mesa, and...