Category: Estate Planning

When meticulously crafting your estate plan in Arizona, a pivotal decision revolves around choosing the right individual or entity to oversee your assets during times of illness, incapacity, or after your passing. This entrusted figure, known as your attorney-in-fact, plays a crucial role in executing your wishes as if you were able to do so […]

Aspiring to leave a lasting impact on the world or cultivate a benevolent legacy for your loved ones? Embarking on the journey of creating a philanthropic trust in Arizona, including the strategic use of Charitable Remainder Annuity Trusts (CRATs) and Charitable Remainder Unitrusts (CRTs), could be the perfect path forward. Whether your goal is to […]

Embarking on estate planning in Arizona requires a nuanced approach, particularly when it comes to transferring real estate assets to heirs. At Pennington Law, our seasoned Arizona estate planning attorneys specialize in navigating the intricacies of these processes, ensuring your legacy is protected through strategic planning. How to Transfer Real Estate to a Trust: A […]

When meticulously planning your estate in Arizona, a pivotal decision is designating a professional executor from Pennington Fiduciary Services in your will. Instead of relying on a family member or friend, consider the numerous benefits that come with choosing a professional executor associated with Pennington Law. Expertise in Estate Administration Handling an estate, especially one […]

Securing your family’s future beyond your departure is a noble and selfless endeavor. Guaranteeing their well-being and preserving your family legacy for years to come is a profound act of care. However, these plans lose their effectiveness if they get entangled in a protracted, costly, and often perplexing process like probate. Fortunately, with the expertise […]

In Arizona, the law permits you to select any individual over 18 and of sound mind as the executor of your will. Since this decision reflects your final wishes, you deserve the right to choose the most qualified person for the role. Consider opting for a professional executor from Pennington Law, PLLC for the following […]

Residents in Arizona seeking control over asset distribution, especially with concerns about the possibility of predeceasing their spouses, often incorporate Qualified Terminable Interest Property (QTIP) trusts into their estate plans. QTIP trusts not only secure financial support for surviving spouses but also enable control over the distribution of the grantor’s assets upon the surviving spouse’s […]

Estate plans often involve taking steps to transfer assets to beneficiaries who are relatives — spouses naming each other in their respective wills is commonplace in Arizona. However, no rule states that someone cannot leave assets to a partner they are not married to. A testator can leave assets to whom they wish, including unmarried […]

In estate planning, charitable giving involves setting aside a certain proportion of your wealth or assets to benefit a nonprofit organization or cause that is important to you. By including charitable gifts in your estate plan, you can leave a philanthropic legacy that allows you to make a lasting positive impact on the world. Let’s […]

Estate planning is vital for all adults but essential for those with a high net worth. People with substantial assets tend to encounter more complications when creating their estate plans because they have more items to divest. Understanding what strategies are available to high-net-worth individuals in Arizona can help protect what you have worked for […]