623-229-0463 Our firm is made up of seasoned professionals in the legal, financial, and tax worlds, all of whom can set you up with the advantages that only a 453 Trust can provide. This strategy allows you to optimize your long-term financial and tax planning. Put simply, it keeps more of your money working for you.
The ultra-wealthy have used this method for decades. Now it’s your turn. Reach out today to our nationally recognized professionals to get your 453 Trust put in place.
Our Team Is Ready to Make Your Future Bright
Why is 453 Trust Powered by Pennington Law trusted across the U.S.? Because our professionals have comprehensive experience in highly regulated areas, including:
- Tax law
- Financial advisory services
- Estate planning and trusts
- Wealth and fiduciary matters
- Asset protection
- Irrevocable trusts
- Professional third-party trustee duties
- Financial reinvestment
- Insurance
Andre Pennington and Franco Tenerelli, our firm’s principals, know what’s involved in such complex sectors. They’ve centered their entire careers on these matters, so they understand what’s at stake for investors like you.
More importantly, Andre and Franco have gotten their clients on the right track when other investment firms mismanaged their 453 Trusts. We keep a robust, IRS-compliant practice under one roof, so you can feel confident that your Trust is administered properly.
Our team takes pride in being recognized nationally for what we do.
Are you ready to discover the difference we can make for you? Contact us today to set up a consultation to learn how a 453 Trust can bring you where you want to go — efficiently and successfully.
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623-229-0463
Who We Are and What We’re About
As law school classmates, Andre and Franco knew they were headed for big things. But they didn’t know that after pursuing different successful ventures, they’d team up to give investors like you the opportunity to be successful, too.
Andre would become an attorney for the U.S. Air Force, a Major in the U.S. Air Force Reserves, and a military hearing officer. He also started Pennington Law, PLLC, an asset protection and estate planning practice in Arizona’s West Valley region, as well as establishing a tax practice, insurance company, investment company, and fiduciary firm. Meanwhile, Franco’s career path found him at one of the world’s largest law firms as well as several high-profile C-Suite roles within corporate America.
The pair kept track of one another as their careers flourished. One thing they had in common was the desire to help small business owners, property investors, and high-net-worth individuals find the best route for their financial future. As Franco and Andre soon realized, the 453 Trust — a financial planning technique typically used by just the ultra-wealthy — could offer these kinds of people what they wanted. And not just those in Arizona, but anyone across the U.S.
Now, with 453 Trust Powered by Pennington Law, Andre, Franco, and a carefully chosen team of professionals are here to help put your financial future in place. Whether you’re in Alabama or Alaska, have a business in Wisconsin or Wyoming, or hold property along the Eastern Seaboard or the Pacific Northwest, we’re your partners in progress.
What Is a 453 Trust?
A 453 Trust, governed by IRC Section 453, is one of the smartest ways to manage large capital gains while keeping more money working for you.
How does it work? First, you sell your property — such as real estate, businesses, or other valuable, highly appreciated assets — to a trust, in return for installment payments over a specified period. You then defer your capital gains taxes, which offers flexibility in how and when you receive a steady income stream. By deferring taxes, you can reinvest your full sale proceeds and potentially grow your wealth.
Our nationally recognized, experienced professionals can make sure that your 453 Trust is set up and managed properly. We know how to identify estate planning benefits based on your situation, so that your heirs can maintain the legacy you’ve established.
When you meet with 453 Trust Powered by Pennington Law, your professional advisor will:
- Explain the benefits of a 453 Trust, such as the postponement of capital gains taxes for a continued income stream
- Advise on potential investment options that can further reduce and sometimes eliminate your capital gains tax burden
- Set up your 453 Trust and guide you through critical choices, such as independent trustee selection and trust and installment payment contract establishment
Contact us to learn more about what a 453 Trust can do for your investment — for today and for tomorrow.
How a 453 Trust Works
The following are the five steps to the 453 Trust process.
- Transfer of Property or Business to the Trust
As the investor who owns a highly appreciated asset such as real estate or a business, you first transfer the property or business to a trust. - Trust Sells the Asset
The trust now holds the asset and will sell it to a buyer. You won’t receive the proceeds directly; instead, the trust receives the payment from the sale. - Sale Proceeds Held in Trust
The trust receives the full payment from the buyer, and proceeds from the sale are now held in the trust. This will defer any capital gains taxes that would have been owed if you received the proceeds directly.
- Proceeds Invested
The funds from the sale are then invested according to the terms of the trust. This allows you to grow the proceeds through various investment strategies while still deferring — and sometimes eliminating — capital gains tax consequences. - Installment Payments to Investor
Over time, you will receive installment payments from the income generated from these investments. Your capital gains tax liability will spread and most times be minimized over a period of time, rather than your having to pay it all at once.
Meet Our Principals
Andre Pennington
Inc. 5000 CEO | Wealth Attorney | Registered Financial Planner®
Andre Pennington is a highly respected and recognized national financial strategist. He has 20-plus years of wealth preservation, tax optimization, estate planning, and insurance expertise. Andre has positioned our practice as a trusted authority in 453 Trusts, catering to the unique needs of high-net-worth individuals, business owners, and investors looking to maximize tax efficiency while securing generational wealth.
Franco Tenerelli
Wealth Attorney | Real Estate Broker | Registered Financial Planner®
Franco Tenerelli brings an exceptional depth of experience from his nearly 20-year distinguished legal career. Starting his legal journey at one of the largest law firms in the world, he has since advanced to several high-profile C-Suite roles within corporate America.
Contact Us Today and Let’s Talk About Your Tomorrow
You’ve worked hard to build your business, invest in your properties, and achieve a high net worth. You deserve to collect the full value of your investment at the last step, without dealing with the tax burdens along the way. At 453 Trust Powered by Pennington Law, your future wealth strategy and management will be in trusted hands.
Reach out to us today, and let’s set you up for tomorrow.