After identifying a loved one with the qualities you believe an executor should possess, you need to ask them to be your estate’s executor. This conversation allows you to know if they are willing to accept the role. So, how can you handle this conversation? 1. State the reason for the meeting When you meet […]

Andre Pennington, founder of Pennington Law, PLLC and a registered financial planner®, recently published an article explaining the importance of financial planning as a core component of a comprehensive estate plan in Forbes Magazine.  Estate planning attorneys sometimes overlook the importance of financial planning when developing strategies to maximize their clients’ wealth and ensure a […]

Estate planning is a crucial aspect of ensuring that your loved ones are protected and that your wishes are honored after you pass away. In this blog, we explore the insights and experiences of Andre Pennington, an Arizona estate planning lawyer, who shares his journey into this field and the importance of planning for the […]

Adults typically have full control over their daily lives and also their financial resources. However, some circumstances prevent people from maintaining that legal and financial control. Individuals with debilitating medical conditions, like Alzheimer’s disease, may become incapable of managing their own affairs. Concerned individuals including their family members or caregivers providing them with support might […]

The probate courts exist to oversee the administration of estates and handle other technicalities related to death and incapacity. The oversight provided by the courts can help prevent personal representatives and trustees from abusing their authority. They can help families take action when a vulnerable individual fell victim to undo influence or attempted to modify […]

Are you looking for a way to defer capital gains taxes on the sale of a highly appreciated asset? A deferred sales trust might be the solution you need. At Pennington Law, PLLC, our experienced deferred sales trust attorneys can help you understand this complex but powerful financial tool. Call or contact us online to […]

Pennington Law’s founding attorney, Andre Pennington, recently published an in-depth article exploring the advantages of deferred sales trusts as a tool for minimizing capital gains tax liability on real estate. The article, published Oct. 10, appeared in Forbes Magazine.  In the report, Pennington detailed how the capital gains tax can drastically reduce profits when selling […]

Most parents want some or all of their assets to go to their children when they die. Exceptions can occur when a parent believes the children already have enough, when a child and parent are estranged or when a parent fears leaving the child money will do more harm than good, because they would use […]

One of the questions you might get asked as the executor of a deceased person’s estate is, “Can’t you make it go any faster?” Probate can take time, which can sometimes prove frustrating for beneficiaries waiting to get the assets they believe they are due. Some things are beyond your control. For example, if a […]

In the realm of estate planning with trusts, ensuring the longevity and integrity of your trust is paramount. One crucial step in safeguarding them is to appoint a trust protector in your trust documents. While many people are familiar with trustees, the concept of a trust protector might be less understood yet equally important. Following […]