Discuss Your Options with Our Estate Planning Attorneys
Death. Failing health. Incapacity. When the inevitable comes, it would be a comfort to know that you made adequate arrangements to help secure your loved one’s future. A local estate planning attorney is an excellent resource for devising a sound plan.
Local Attorney Doug Newborn will help you plan for the careful administering of your assets. We will work with you to make sure that we come up with the right estate plan for your assets – no matter how large or small they are.
What You Need to Know
An estate includes all properties (real and personal) owned at death before they are transferred by trusts, wills, or intestacy laws. Proper planning allows for the appropriate distribution of the assets. It can also reduce taxes imposed on the transfer of assets. Looking through a list of estate planning attorneys could get overwhelming. What you need is someone who can best protect your interests. Doug Newborn Law Firm, PLLC is an estate planning law office focusing on handling the intricacies of probate laws.
Skilled in minimizing the amount of estate submitted to taxes, our lawyer also ensures that the distribution of your assets is executed according to your wishes.
Trust and Estate Planning Attorneys
A trust can be customized to outline how you wish to distribute your assets. Many believe that establishing a trust is the universal solution to getting your assets in place. While a useful estate planning tool, creating a trust involves a different set of approaches. Doug Newborn is a trusted attorney for wills and trusts. He can provide you with all the knowledge you need in devising a trust that best suits your situation.
Benefits of Trusts
Control and secure your assets. Save on probate costs. An adequately established trust has a lot of benefits. Our legal team is committed to safeguarding your legacy to make sure your loved ones get what is rightfully theirs. We will conduct thoughtful trust administration according to your desires. Whether it’s an irrevocable or a living trust (revocable) you wish to initiate, our lawyer will explain the advantages and disadvantages of each. Choose the right one for you with our help.
Special Needs Trust
When a loved one has a physical disability or is mentally impaired, a special needs trust enables you to secure their financial protection. Whether it be a disabled child, an incapacitated adult, an elderly parent, or any family member who requires special care and attention and relies on you for support, you can plan their financial future with Doug Newborn Law Firm, PLLC.
Skillful Guidance from Estate Planning Attorneys
Special Needs Trust Attorney Doug Newborn is proficient in handling the intricacies of federal and state regulations when it comes to outlining different types of trusts.
Make Sure Your Disabled Loved One Is Well Provided For
When a loved one has a physical disability or is mentally impaired, a special needs trust enables you to secure their financial protection.
Whether it be a disabled child, an incapacitated adult, an elderly parent, or any family member who requires special care and attention and relies on you for support, you can plan their financial future with the estate planning attorneys of Doug Newborn Law Firm, PLLC.
Committed. Dependable. Accessible. Well-respected.
Effective estate planning starts with working with Attorney Doug Newborn. Please call our office or complete the online form to set up an initial consultation.
A Special Trust to Help Family Members Avoid Breaking Criminal Gun Laws
Guns are expensive and valuable assets. Thus, it is not as easy as just handing them over to whoever you wish to give them to. By setting up a gun trust for your firearms, you can be sure that the transfer will be legal and without fear of confiscation. Doug Newborn Law Firm, PLLC is experienced in setting up this type of trust for our clients.
Consult with Our Gun Trust Attorney
Our estate planning attorneys are well versed in state and federal gun laws. If you wish to leave your firearms to a loved one upon your death, we will ensure that your valuable belongings are transferred legally and according to your wishes.
Charitable Remainder Trusts
Using CRT in Your Estate Planning
Initiating a CRT is a notable way of transferring assets to the charity of your choice while at the same time providing your beneficiaries tax advantages. However, it’s worth noting that aside from giving up legal power over the assets you wish to donate, a CRT is irrevocable as dictated by the IRS. The process of setting up a CRT can get strenuous. Schedule a consultation with the experienced estate planning attorneys of Doug Newborn Law Firm, PLLC to help you understand how to benefit from setting up this type of trust.
Our lawyer is skilled in setting up CRT’s to improve your estate planning. Different types of assets make for various tax benefits. Talk to our legal team about your unique situation, and we will offer the best course of action to take.
Have Charitable Intent? Talk with Our Estate Planning Attorneys First
No matter how big or small the estate, setting up a CRT can be extremely beneficial. If you have a significant estate and are considering donating a portion of it to charity, we would be happy to walk you through the advantages and disadvantages of setting up a CRT. Doug Newborn Law Firm, PLLC will work with you to come up with strategic decisions about your estate.
Trustee vs. Power of Attorney Agent: What’s the Difference?
A trustee is a person who creates a trust. When a trustee dies or becomes incapacitated, the successor trustee will gain control over the assets within the trust and decide how they will be distributed.
On the other hand, a power of attorney (POA) is a legal document authorizing a person or entity to make decisions – whether financial or healthcare related – on your behalf.
Can a Lawyer Be Your Trustee or POA Agent?
The short answer is yes. You may appoint any adult who you trust, is capable, and willing to take on this role. You may even name more than one trustee or POA agent. Since you work extensively with your lawyer to draft your trust, it may seem logical to appoint him or her to hold or administer your assets.
No matter who you choose to be your trustee or POA agent, Doug Newborn Law Firm, PLLC will help you evaluate the pros and cons of your decision. Arrange a consultation with our attorney by calling our office or filling out the online form.
Not a lot of people look forward to drafting their own will. By writing a will, not only are you acknowledging your inevitable passing, you are planning for it as well. However, there is no denying that creating a will is an instrumental tool in estate planning.
Beneficial Advice from Wills and Estates Attorney Doug Newborn
Although drafting a will can be a straightforward process, Doug Newborn Law Fir, PLLC can offer you useful estate planning advice to maximize the benefits you and your loved ones receive. Our wills and estate planning attorney is also dedicated to ensuring that your will passes the state’s legal requirements.