real estate Tag Archives | Phelps LaClair

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,...

13 Jun Do You Need an LLC for Your Rental Property?

Posted at 20:28h in Business Owners, LLCs by Phelps LaClair Law

If you own rental properties in Arizona, you may be wondering whether an LLC is something you really need. While LLCs aren’t mandatory for rental properties, they’re certainly a good idea. A Limited Liability Company (LLC) protects assets like real estate by making them into separate...

27 Apr What to Do When You Inherit a House

Posted at 18:15h in Asset Protection, Estate Planning by Phelps LaClair Law

When you inherit a house, there are a number of important steps you should take to protect your interests. Inheriting a house after a loved one passes away can be a complex and emotional experience. We hope this guide will help you through the process,...

exterior of a two-story house surrounded by trees

18 Apr When Should You Put Your Home in a Living Trust?

Posted at 06:55h in Asset Protection, Living Trusts by Phelps LaClair Law

Whether or not you should put your home in a trust is a common estate planning question. There is no one-size-fits-all answer to the question, because it depends on your circumstances and your goals. But placing real estate in a trust can have many benefits,...

30 Mar How Often Should You Update Your Estate Plan?

Posted at 20:25h in Asset Protection, Estate Planning by Phelps LaClair Law

Many people assume that once they set their affairs in order, the matter is closed. They don’t realize why it’s important to update your estate plan and review it on regular basis. Throughout our lives we move homes, make new investments, add new family members, and...

transfer of property after death without will

12 Oct Real Estate and Death Without a Will

Posted at 15:17h in End of Life, Wills by Phelps LaClair Law

If you recently lost a parent who did not set up a living trust, you likely have a lot of questions about what happens next. One of the main questions that come up after a parent dies without a will is “who gets the house?”...

04 Oct What Happens to Property Not Included in a Trust?

Posted at 16:04h in Probate by Phelps LaClair Law

You have probably heard over and over again that avoiding probate is a good idea, and that’s because it’s true! If you’re dealing with an estate in probate, you will face court costs, legal fees, and time lost. A slow-moving legal process, probate court cases...

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