Category: Wealth Protection

Between now and 2045, roughly $84 trillion will be passed between generations, largely through estate plans. This has been branded the Great Wealth Transfer, and the process has already started. Many members of the Millennial and Gen X generations are receiving these assets from their parents and grandparents. $84 trillion is a staggering amount of […]

Andre Pennington, a wealth attorney and a registered financial planner® from Pennington Law, PLLC, recently published an article in Forbes Magazine on the value of fixed indexed annuities as a tool to grow retirement savings.  A fixed indexed annuity (FIA) is an insurance product that financial planners sometimes overlook as a strategy for retirement savings, […]

Wealth preservation is one of the goals of estate planning. For some, the wealth they have may be suitable to pass down to multiple generations. One option to do this in Arizona is through dynasty trusts. This is a type of irrevocable trust, so the creator loses control of the assets once the trust is […]

Accruing wealth can occur over the course of years of hard work or may result from a sudden windfall. Unfortunately, too many people become complacent after achieving financial success. They may fail to properly plan to preserve their good fortune. Acquiring wealth is only the first step toward long-term financial stability. People also have to […]

Everyone should consider potential long-term care needs when planning their estates. Long-term care includes medical and support services for routine tasks such as dressing, bathing, and eating, which can be provided at home or in a professional setting such as a nursing home or assisted living facility. But without proper planning, the costs of long-term […]

The 529 state plan operates like a Roth IRA and 401(k) plan. However, the 529 plan beneficiaries use it for education and not retirement. 529 savings allow you to invest in mutual funds, enabling your income to accumulate without incurring taxes. Many states, including Arizona, have embraced these plans since the late 90s. The plans […]

In Arizona, securing your retirement savings nest egg is a crucial aspect of retirement planning. Making informed decisions now and employing effective strategies to manage your savings can ensure a stable future for decades. The following points offer ways to help you protect your retirement income and relish your golden years worry-free with the guidance […]

As residents of the vibrant cities of Surprise, Sun City West, Peoria, and Buckeye, Arizona, securing your financial future and safeguarding your assets is paramount. Whether you’re aiming to ensure a stable financial legacy for your loved ones or seeking to maintain your lifestyle during retirement, implementing thorough wealth preservation strategies is essential. This comprehensive […]

Introduction: Setting up a living trust is a crucial step in ensuring the seamless management of your Arizona estate. One pivotal decision in this process is the selection of a trustee. The trustee, responsible for overseeing the management of your assets, plays a pivotal role in the success of your estate planning. To make this […]

Planning for retirement in Arizona is an important step towards securing your financial future. While saving money is crucial, it’s equally vital to implement strategies that protect your hard-earned assets. In the West Valley, where Surprise, Sun City West, and Buckeye thrive as vibrant retirement communities, Pennington Law emerges as the premier law firm offering […]