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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 […]

  Great News from Pennington Law, PLLC! We are thrilled to announce that our very own attorneys have been recognized by Super Lawyers, an esteemed platform that selects the top legal talent across the United States. Gregory E. Tomczak earns his 7th Super Lawyers honor Specializes in probate and estate litigation Former lead counsel in […]

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 […]

Losing a loved one is a challenging experience, and when it’s accompanied by the responsibility of dealing with their estate, the situation can become even more complicated. In this blog post, we’ll explore in depth the process of selling a home during probate in Arizona. We’ll also discuss additional relevant topics to provide you with […]

When someone dies in Arizona, it falls on the personal representative (or executor) to carry out the terms of the deceased’s will and manage their estate. This is a huge responsibility, and it’s essential that the executor understands their legal duties and acts in the best interests of the beneficiaries. Unfortunately, even executors with good […]

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 […]