A common question we are asked at Phelps LaClair is, “Do I need an estate plan?” As a second generation estate planning firm with 40 years of experience in serving the Phoenix Valley, we believe, no matter how large or modest the estate, everyone can...
Every April the Internal Revenue Service comes knocking on the door, looking for 1040s, 1099s, Schedule Cs, and a check for the bottom line. At Phelps LaClair, serving Mesa, Chandler, Gilbert, and the Phoenix Valley, we are sometimes asked by our clients if they will...
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...
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,...