Category: Estate Planning

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 […]

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 […]

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 […]