In Phoenix Arizona during the summertime, the temperatures can soar. The hottest temperature ever recorded in our fair city was on June 26, 1990. On that day, the thermometer peaked at a sweltering 122 degrees Fahrenheit! As a second generation, estate planning law firm in...
You’ve got a nest egg set aside in the form of an IRA (or another company retirement plan that you may eventually roll over into an IRA). And you’ve heard that Internal Revenue Service regulations now permit you to “Stretch-out” income-taxable distributions for a much...
At Phelps LaClair, we do estate planning in Phoenix, AZ really well. Though our focus is on helping you plan for the future, we also understand the importance of valuing life in the present. And that includes taking time to refresh and rebuild by getting...
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...
A Pet Trust legally specifies your desires for the ongoing care of your much-loved family pet after you’ve passed away or become incapacitated. In the first blog post of this two-part series about Pet Trusts and Estate Planning, we introduced the concept and explained why...
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...
We've all heard exercise can be beneficial to our whole being, but have we taken the time to understand or pay attention to how exercise improves our lives? Phelps LaClair believes in living well in the present, and we also believe in preparing for the...
Estate planning should be tailored to your needs and your desires. If you're looking for an estate planning option that allows flexibility due to changing circumstances or personal preferences, you might want to consider a Revocable Living Trust. If you already have a Revocable Living...
When establishing a great estate plan strategy to protect your loved ones, there are some areas that are often left out or forgotten. One of these areas includes understanding the effects of HIPAA on your medical power of attorney. Phelps LaClair serves Scottsdale, Gilbert, Mesa,...
People sometimes have concerns about leaving an inheritance to a particular child or other beneficiary. They may be worried about this person’s ability to handle it wisely, whether due to age or responsible capacity. Phelps LaClair, with offices in Gilbert and Scottsdale Arizona, has years...