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With a power of attorney, the goal is to give someone else the right to take action on your behalf. For example, a medical power of attorney allows you to choose an agent who is legally authorized to make medical decisions on your behalf if necessary. Without a power of attorney in place, they may […]

Between now and 2045, roughly $84 trillion will be passed between generations, largely through estate plans. This has been branded the Great Wealth Transfer, and the process has already started. Many members of the Millennial and Gen X generations are receiving these assets from their parents and grandparents. $84 trillion is a staggering amount of […]

State law largely protects the rights of individuals to make their own decisions and manage their own resources. However, in certain circumstances, the courts may intervene and limit someone’s legal and financial authority. Occasionally, the courts may grant family members, caregivers and other concerned parties guardianship over a ward. A concerned individual can assume legal […]

Andre Pennington, a wealth attorney and a registered financial planner® from Pennington Law, PLLC, recently published an article in Forbes Magazine on the value of fixed indexed annuities as a tool to grow retirement savings.  A fixed indexed annuity (FIA) is an insurance product that financial planners sometimes overlook as a strategy for retirement savings, […]

SURPRISE, AZ, November 1, 2024, Andre L. Pennington has been included in Marquis Who’s Who. As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility and prominence in a field are all taken into account during the selection process. […]

Adults need to ensure they have plans made for their medical care if they can’t make the decisions for themselves. There are two components of an estate plan that can make it possible for someone else to make those decisions for you. As part of your estate plan, you need to set an advanced medical […]

Creating an estate plan is a critical step for all adults because it’s a chance for them to make their wishes known. There are several components that you have to think about when you’re making your estate plan, many of which set the plan for your assets after you die. Your will is one option […]

A will is a legal document that outlines the final wishes of the testator. Once the testator has passed, the will goes through probate. This is the legal process that ensures everything is above board with the will. Generally, wills go through probate without issues, but that isn’t always the case. Sometimes, an interested party […]

Estate planning mostly revolves around distributing assets upon a person’s death. This can be done in several ways and by using documents like a will and trusts. The starting point of any estate plan is a will. What are some of the key functions of this important document? 1. Naming beneficiaries Firstly, a will allows […]

When someone dies, their estate – unless it has been carefully structured to avoid the process – typically has to go through probate. Probate allows for the deceased’s final debts to be paid and their remaining assets to be properly transferred to their beneficiaries or heirs. Sometimes, however, the decedent owns property in more than […]