Year: 2023
Losing a loved one is a challenging experience, and when it’s accompanied by the responsibility of dealing with their estate, the situation can become even more complicated. In this blog post, we’ll explore in depth the process of selling a home during probate in Arizona. We’ll also discuss additional relevant topics to provide you with […]
When someone dies in Arizona, it falls on the personal representative (or executor) to carry out the terms of the deceased’s will and manage their estate. This is a huge responsibility, and it’s essential that the executor understands their legal duties and acts in the best interests of the beneficiaries. Unfortunately, even executors with good […]
Initiating a conversation about estate planning with your parents, especially in Arizona, can be a delicate matter. Care and sensitivity are key to avoiding the conversation appearing insensitive or self-serving. Nevertheless, it’s a crucial dialogue to have, as it can reduce the likelihood of family conflicts and ensure that your parents’ wishes are honored. To […]
Creating a living trust is a crucial step in ensuring your Arizona estate is well-organized and secure. Central to this process is the selection of a trustee, the individual or entity responsible for managing the assets within the trust. When evaluating potential trustees, there are several key qualities to keep in mind. Commitment and Availability […]
When you need a comprehensive estate plan or help in probate administration, start by retaining an experienced Arizona estate planning lawyer who is dedicated to protecting you. At Pennington Law, PLLC, our goal is to provide you with options that secure your wealth and allow you to transfer assets at the appropriate time — and […]
Introduction: When planning your estate for the future, it’s essential to consider how to manage beneficiary expectations, especially if you have multiple children or grandchildren. While you may have a desire to leave behind a legacy for your loved ones, it’s crucial to understand that you are not obligated to distribute your assets equally among […]
Estate planning encompasses various responsibilities that can impact the probate process. In Arizona, unequal distribution of assets and disinheritance, especially of adult children, can lead to family conflicts and potential legal challenges. Nevertheless, there may be valid reasons for these decisions. Understanding how to navigate family conflicts during estate planning can help minimize potential issues […]
Granting a power of attorney (POA) to another person or legal entity in Arizona empowers the designated representative to make decisions on someone else’s (principal) behalf. This can be a vital tool, especially when the principal faces temporary incapacity due to illness, injury, or emergencies. However, there are instances where the appointed representative may misuse […]
A trust can be an essential tool in an estate plan. When a person (called the grantor) creates a trust and funds it with their assets, they establish a legal entity that owns the assets. The appointed trustee has a fiduciary duty to hold and manage those assets for the benefit of named beneficiaries. Establishing […]
Are you an Arizona real estate investor looking for innovative ways to safeguard your property investments and streamline your estate plan? Just as the vast Arizona landscapes offer diverse options, you have alternatives to bypass probate and enhance your estate planning strategies. In this guide, we’ll delve into the world of land trusts and how […]