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The Best of Best Review recently selected Pennington Law, PLLC as 2024’s best deferred sales trust law firm in the United States. The distinction recognizes the firm as one of America’s leading legal providers based on factors like client satisfaction, service quality, team strength, and innovation. Pennington Law, PLLC assists clients in seeking ways to […]

Andre Pennington, founder and CEO of Pennington Law, PLLC and Universal Wealth LLC, has been selected for inclusion in the Marquis Who’s Who® biographical volumes.  Marquis Who’s Who® profiles individuals for their notable accomplishments, prominence, and visibility in their fields. As a top-tier estate planning lawyer and registered financial planner, Andre Pennington is a respected […]

Testators planning their estates or reviewing their documents sometimes need more than just a will. Wills are common testamentary instruments that let people choose their beneficiaries or name a guardian for their minor children. However, wills only take effect after their authors die. They also typically only facilitate the immediate transfer of property to specific […]

Many of your beneficiaries may be legal adults as you draft your estate plan. This means you can directly leave assets to them as you see fit. They can take control of financial accounts or real estate, for example. This becomes more complicated if you have a beneficiary who is a minor. In many cases, […]

Life insurance can be a major part of anyone’s estate. Maybe you have a substantial policy that’s going to pay $1 million to your family when you pass away. Your plan may be to divide that money between your primary beneficiaries, such as your adult children. You might think that the only step you need […]

As the principal wealth attorney of Pennington Law, PLLC, who was recently recognized as the Best Deferred Sales Trust Law Firm in the U.S. of 2024, I am often asked how to minimize taxes on cryptocurrency. The ongoing crypto bull run has presented incredible opportunities for investors to realize substantial gains. However, the tax implications […]

For many people, maximizing their personal legacy is a top priority during estate planning. They want to leave as much as they possibly can for loved ones or specific charitable causes. Wealth preservation as part of the estate planning process requires appropriate strategies based on the testator’s circumstances. One of the important tactics utilized in […]

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 […]

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, […]