Category: Estate Planning

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 […]

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 […]

Does the estate planning conversation sound awkward? Maybe you’ve been wondering if your parents have a plan or not. But you don’t know how to bring it up because anything that you say just sounds like you’re asking them when you’re going to get your inheritance. Many people find themselves in this position. They don’t […]

Complex assets and specific legacy wishes are both frequently reasons that people decide to create trusts. Those with businesses might potentially fall into both categories. The company that they own and operate may be a very valuable asset. They may also have specific plans for the legacy they leave for others, especially regarding the business. […]

A power of attorney is a designation that you can give to a person so they can take care of your finances or health care decisions if you’re incapacitated. You must choose the proper person to handle each of those areas to protect your interests. There are a few different characteristics that are important for […]