Year: 2024

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 […]

Many Arizona residents include individual retirement accounts in their estate plans. These tax-deferred accounts allow people’s savings to grow without being taxed until they reach age 70 1/2 or begin making withdrawals. Because of this, people who make regular contributions to their IRAs throughout adulthood can save significantly, depending on whether they make the maximum […]

You worked hard and made sound financial decisions throughout your life. Now, you want to pass along as much of the wealth you’ve accumulated as possible to the next generation. Tax efficiency is a crucial element of your estate plan. At Pennington Law, PLLC, we help Arizona residents build comprehensive estate plans incorporating effective tax […]

In today’s digital age, protecting your online assets through estate planning is more important than ever. Online assets include social media accounts, digital photos, emails, and cryptocurrency. Accessing these assets after someone dies can be challenging or even impossible without proper planning. If you have substantial digital assets, an experienced estate planning lawyer can help […]

Recognition of Excellence Andre Pennington has been honored as a leading figure in Arizona’s business community, a testament to his influential role as a top business leader and innovator. His work as the founder of Pennington Law, PLLC, has set a high bar in the realms of estate planning and financial services across Arizona. Pennington […]