revocable living trust Tag Archives

Do I need estate planning advice? The answer is always yes. It doesn’t matter the size of your estate; learn about transfer-on-death designations and more.

04 Mar Do I Need Professional Estate Planning Advice?

Posted at 15:33h in Estate Planning by Phelps LaClair

You're great at setting a budget, saving money, and spending wisely. You might even have a business degree, be financially savvy, and stay up to date on the latest economic news. If that sounds like you, perhaps you’re wondering: Do I need estate planning advice,...

does arizona collect estate taxes, estate tax laws in arizona

23 Mar Does Arizona Collect Estate Taxes?

Posted at 08:32h in Asset Protection, Estate Planning, Living Trusts, Taxes by Phelps LaClair

Taxation on Wills and Trusts? Part of wise estate planning is to understand laws concerning taxation of wills and trusts before you or your beneficiaries need to act on them. Phelps LaClair, serving Chandler, Mesa, Phoenix, Scottsdale, and Gilbert, has been helping clients with the ins...

12 Jul What Doesn’t Belong in a Trust?

Posted at 06:17h in Living Trusts by Phelps LaClair

Some assets belong in a trust, but others don’t. We’re going to help you outline what doesn’t belong in a trust and give you a quick breakdown on how revocable living trusts work. After getting your feet wet here, you can dive even further into...

Trust Administration Phoenix - silhouette of person against a mountain range

18 Sep Choosing A Trust Administrator in Phoenix, AZ

Posted at 12:49h in Living Trusts by Phelps LaClair

You’ve begun to set in place a Living Trust that will protect your assets and keep your estate from going through the expense and delay of probate. But there’s one area of your planning that has been causing you a bit of difficulty: you’re struggling...

types of trusts - front view of a large stone house

18 Aug Types of Trusts Used in Estate Planning

Posted at 11:51h in Estate Planning, IRA Inheritance Trust, Living Trusts, Special Needs Trust, Veterans Asset Protection Trust by Phelps LaClair

There are many kinds of trusts, and sorting through which one is right for your estate plan can feel a little like trying to figure out the best car to buy among the more than 240 models available in the United States. Fortunately, there are...

amending a revocable trust - married couple sitting on bench

08 Nov Can I Amend a Revocable Living Trust?

Posted at 13:56h in Estate Planning, Living Trusts by Phelps LaClair

Besides the peace of mind it offers, one of the main advantages of a revocable living trust is the ease of making changes according to your wishes. Amending a revocable trust is a fairly simple process and help from your estate planner will make it...

the history of wills, the wills of history

31 Oct The Wills of History

Posted at 12:24h in Wills by Phelps LaClair

Today’s blog post visits the past with a curious look at the earliest will in history, and a quick jaunt through some strange ideas for bequeathing estates to family members or friends. At our Phelps LaClair we’ve been helping families create successful estate plans for...

Here are some tips on how to keep yourself and your loved ones safe during the scorching summer heat in Arizona

27 Feb Common Mistakes with Revocable Living Trusts

Posted at 16:53h in Asset Protection, End of Life, Estate Planning, Living Trusts by Phelps LaClair

As the saying goes, experience is a great teacher. Added to two generations of legal know-how, experience has given Phelps law (in Chandler, Mesa, and Phoenix Arizona) tremendous foresight in setting up our clients’ estates for a successful future. We know what works and we...

05 Mar Trust Administrator Duties-Gilbert Arizona

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

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...

03 Sep Putting a Bank Account in a Trust: Why It Matters and How to Do It Right

Posted at 01:00h in Estate Planning, Living Trusts by Phelps LaClair

Putting a bank account in a trust is one of the smartest estate planning steps you can take to protect your assets and simplify the inheritance process for your loved ones. After creating a revocable living trust, it’s crucial to fund it by retitling your...

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