divorce and trusts - thoughtful person looking out of a window

22 Apr Divorce and Trusts

Nobody gets married planning to divorce down the road. But sadly, nearly half of all marriages do end in divorce. As estate planning lawyers with 35 years of experience, Phelps Law knows what happens to a trust in a divorce. Wills Wills and trusts are different, of...

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trust distribution tax - 1040 tax return form

18 Apr Trust Distribution Tax

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 Law, serving Mesa, Chandler, Gilbert, and the Phoenix Valley, we are sometimes asked by our clients if they will...

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how to give a house away - row of four houses

28 Mar How to Give a House Away

At Phelps Law, we’ve been doing top-notch estate planning for several generations. Part of that is planning for asset protection. Another part is helping you to understand financial advantages when it comes to leaving an inheritance. One big inheritance question that we’re asked has to...

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