succession plan Tag Archives

16 Feb The Role of Executor

Posted at 20:47h in Estate Planning by Phelps LaClair

The unsettled estate of a deceased celebrity is back in the news. We recently discussed the problems surrounding Aretha Franklin’s multimillion dollar estate, which is now in probate. Had she established a living trust instead of leaving a handwritten will, the estate would not have...

03 Aug 3 Ways to Pass on the Family Cabin

Posted at 09:30h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair

Developing a succession plan for your family cabin requires long-range planning that involves the whole family. This may seem obvious, but cabin owners should confirm that each child or other prospective new owner has an interest in becoming a cabin owner. After it’s determined that there...

03 Aug How to Pass on the Family Cabin

Posted at 09:40h in Asset Protection, Estate Planning, Living Trusts by Phelps LaClair

Over the 4th of July weekend, I came home from a trip to one of my favorite places on earth: Alpine, Arizona. This is where my family has had a cabin since I was 5 years old. The cabin itself doesn’t amount to much, but...

08 Jan Estate Planning with an LLC

Posted at 07:59h in Asset Protection, End of Life, Estate Planning, LLCs by Phelps LaClair

In our last blog post we discussed the benefits of forming a Limited Liability Company for asset protection, taxes, and company structure. Because Phelps LaClair is the leader in the Phoenix Valley when it comes to estate planning, we have many Estate Planning options for...

death without a trust in arizona phoenix chandler

13 Jan Death Without A Trust in Phoenix, AZ

Posted at 14:15h in Asset Protection, End of Life, Estate Planning, Long-Term Care Planning by Phelps LaClair

Phelps LaClair firmly believes that estate planning is one of the most important financial arrangements you will ever make. It makes your end-of-life wishes known and brings families great peace of mind. It determines how your assets are distributed among your spouse, descendants, and friends...

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

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,...

06 Nov Estate Planning With Foreign Assets Part 2

Posted at 10:11h in Asset Protection, Estate Planning, Wills by Phelps LaClair

In a recent blog post, we discussed two aspects of estate planning with foreign assets: taxation and wills. In this post, we will expand on the topic of international property ownership and valid wills. Phelps LaClair is a second generation estate planning law firm serving...

Helping your successor trustee succeed - person with baton on the starting mark of a race

16 Nov Helping Your Successor Trustee Succeed

Posted at 11:26h in Estate Planning, Living Trusts by Phelps LaClair

At Phelps LaClair in the Phoenix Valley, Living Trusts (and in particular, Revocable Living Trusts) are a mainstay of our estate planning. But for a living trust to be entirely effective, several steps need to be taken. First comes the important task of fully funding...

estate planning with blended families - clipart silhouette of people of various heights

20 Jun Estate Planning With Blended Families, Part 2

Posted at 05:23h in Estate Planning, Long-Term Care Planning, Probate by Phelps LaClair

In our most recent blog post we began a series on estate planning for blended families. With the rise in divorce rates in our nation, blended families are becoming increasingly common. And these families have estate planning needs that are more complex than nuclear families....

update your estate plan - rows of numbers in a table

08 Jun The Best Time to Update Your Estate Plan

Posted at 16:38h in Asset Protection, Estate Planning, Probate by Phelps LaClair

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...

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.