Choosing the right executor for your will is one of the most important parts of an estate plan. But what happens if you or your executor move to another state? Do you need to draft a new will? Can you have an out-of-state executor? Here’s...
Have you drafted your will yet? If you have one, when was the last time you made an update? Many factors can invalidate a will, such as moving to a new state or changes in state laws. Whether you still need to draft your first...
When you first begin your estate planning journey, chances are good you will hear a lot of different terms that may confuse you. Take “last wills” and “living wills,” for example. Are they the same thing? Or do you need both? Let’s take a closer...
When you move to a new state, there are many important things you need to update, like your driver’s license and your voter’s registration. But one thing that people often forget to update after a move is their estate plan. Although out-of-state wills typically are valid...
Mother’s day is coming up, and that means Moms all over the world will be honored for their nurture, training, and love. If you’re a mother, we want you to know we value your role as an influencer more than any other person’s role in...
After the grieving process has ended and the despair from losing someone close to you has lessened, you may find yourself ready to tackle some related paperwork, including finding out if you’re named in the will. This isn’t necessarily a difficult process, but it may...
We all know the commercial that asks the question: what’s in your wallet? Well, we want to know: what’s in your estate plan? While a wallet carries ID, bank cards and cash, an estate plan contains so much more. In addition to your liquid assets...
A common question we get at Phelps LaClair is, “What happens to my stuff if I die without a will?” As estate planning attorneys with 40 years of doing business in Phoenix, we know that most people think that your “stuff” automatically goes to your...
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...
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...