Category: Estate Planning

When it comes to estate planning, making informed decisions about wills and trusts is crucial. At Pennington Estate Planning, serving Surprise, Sun City West, and Buckeye, Arizona, we offer expert guidance to help you understand the distinctions between these essential estate planning tools. Discover how our comprehensive approach addresses probate avoidance, privacy considerations, and creditor […]

How an Asset Protection Plan Can Help Safeguard Your Wealth As hard-working adults in Arizona, particularly in Surprise, Sun City West, and Buckeye, protecting the assets we leave behind is of paramount importance. However, individuals in high-risk professions, such as doctors, nurses, celebrities, truck drivers, and other dangerous jobs with high incomes, face unique challenges […]

Maintaining an up-to-date estate plan is crucial to safeguarding the future of your loved ones and ensuring that your assets are distributed according to your wishes. Unfortunately, many people in Arizona overlook the importance of regularly revising their estate plans, leaving their families vulnerable to unforeseen challenges. In this article, we will explore the significance […]

When it comes to safeguarding your valuable assets from potential creditors, placing them into a trust is often considered a reliable method. However, it’s essential to understand that utilizing a trust is not the sole option available for asset protection. In this article, we will explore alternative approaches that can effectively shield your home, car, […]

While being part of a tight-knit Arizona family is great, families must sometimes have tough conversations. However, these tough conversations can help prepare your family for emergencies. Fortunately, you can keep yourself, your adult children, and your estate protected if a tragedy occurs by letting your children know where your assets are in case the […]

In Arizona and other states, estate tax rates will change in 2026, reverting to pre-2018 levels. This change could have unfavorable outcomes, limiting how much money individuals and married couples can give to their heirs without paying estate taxes. In 2023, individuals can pass on $12.92 million without paying estate taxes and married couples have […]

In Arizona, a trust serves as a legal vehicle that holds your assets and allows a trustee to manage them. Trusts come in many varieties and provide benefits such as tax planning, asset protection and ongoing financial management for beneficiaries. Whatever financial situation you want to accommodate for your heirs, you can likely set up […]

In Arizona, you can gain numerous benefits by placing your home in a trust. Doing so ensures that your home avoids probate and receives tax and other benefits. The following explains more about the how and why behind placing your home in a trust as part of your estate planning. How to Put Your Home […]

Estate planning is important for everyone, but for Arizona grandparents, it can be particularly important. Grandparents may want to ensure that their wealth and assets are distributed according to their wishes after they pass away, and they may also want to provide for their grandchildren’s future financial needs. Create a Will A will is a […]

Estate planning is essential for anyone who wants to ensure their assets are distributed according to their wishes after they pass away. However, estate planning can be especially important for Arizona grandparents, as they often have unique age-related concerns and goals that should be considered when creating an estate plan. Many grandparents want to leave […]