How Often Should You Revise an Estate Plan in AZ

Maintaining an up-to-date estate plan is crucial to safeguarding the future of your loved ones and ensuring that your assets are distributed according to your wishes. Unfortunately, many people in Arizona overlook the importance of regularly revising their estate plans, leaving their families vulnerable to unforeseen challenges. In this article, we will explore the significance […]

Retirement and Asset Protection Arizona

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 […]

Get proactive about preserving your wealth AZ

There are many ways to build up and preserve your wealth in Arizona. Indeed, you can’t always predict how market investments will turn out. However, you can still prepare adequately for any reversal of fortune that may take place. Moreover, doing so will be your best bet to preserve the wealth you have worked so […]

Main issues that affect wealth preservation in Arizona

Creating significant wealth in Arizona is difficult. For most people, it involves starting or owning part of a business and doing everything they can for it to take off. However, you’d be surprised to know that keeping your wealth is even more difficult than getting it. Here’s why. Taxes The state and the federal government […]

Protecting Your Assets Without a Trust Effective Strategies for Estate Planning

When it comes to safeguarding your valuable assets from potential creditors, placing them into a trust is often considered a reliable method. However, it’s essential to understand that utilizing a trust is not the sole option available for asset protection. In this article, we will explore alternative approaches that can effectively shield your home, car, […]

Financially Preparing your Family for Unexpected Tragedies

While being part of a tight-knit Arizona family is great, families must sometimes have tough conversations. However, these tough conversations can help prepare your family for emergencies. Fortunately, you can keep yourself, your adult children, and your estate protected if a tragedy occurs by letting your children know where your assets are in case the […]

Strategies to offset the 2026 estate tax changes

In Arizona and other states, estate tax rates will change in 2026, reverting to pre-2018 levels. This change could have unfavorable outcomes, limiting how much money individuals and married couples can give to their heirs without paying estate taxes. In 2023, individuals can pass on $12.92 million without paying estate taxes and married couples have […]

estate planning

In Arizona, a trust serves as a legal vehicle that holds your assets and allows a trustee to manage them. Trusts come in many varieties and provide benefits such as tax planning, asset protection and ongoing financial management for beneficiaries. Whatever financial situation you want to accommodate for your heirs, you can likely set up […]

elderly couple with attorney

In Arizona, you can gain numerous benefits by placing your home in a trust. Doing so ensures that your home avoids probate and receives tax and other benefits. The following explains more about the how and why behind placing your home in a trust as part of your estate planning. How to Put Your Home […]

grandparents speaking with estate planning attorney

Estate planning is important for everyone, but for Arizona grandparents, it can be particularly important. Grandparents may want to ensure that their wealth and assets are distributed according to their wishes after they pass away, and they may also want to provide for their grandchildren’s future financial needs. Create a Will A will is a […]