Top Estate Planning Attorney Doug Newborn Reveals Five Steps To A Robust Estate Plan - Tucson, AZ
Jun 7, 2022
Tucson, Arizona, United States - June 7, 2022 —
There are five critical must-dos to making a solid Estate Plan, revealed Estate Planning attorney Doug Newborn.
For more information please visit https://dougnewbornlawfirm.com
The Founder of Doug Newborn Law Firm, PLLC, in Tucson, AZ, highlighted the need for current beneficiary designations, letters of intent; a durable power of attorney; and appointing responsible people to ensure your wishes are carried out both after death and in the event you become incapacitated.
"All these help underpin a well-conceived Estate Plan," he said, adding: "There's much more to a good Estate Plan than simply writing a Will or a Trust, although they form the core of any Estate Plan."
A Will is a document you need to get right to provide clear guidelines as to whom your possessions and assets are to be distributed. Getting this correct will help with the complete process and avoid confusion among beneficiaries.
Accompanying the Will should be current beneficiary designations for retirement accounts and insurance policies that will help legally execute a person's wishes. "Failing to do so means the plan's administrators may step in and decide who is to receive those assets, even if it's not what you wanted."
Newborn also emphasized preparing a Letter of Intent as an integral part of good Estate Planning. "This document you leave for either your agent or executor to guide them in implementing your wishes following incapacity or death."
A Durable Power of Attorney helps in the legal execution of managing your assets if you become disabled. He explained: "Without a Power of Attorney, what happens to your assets could be left to the mercy of a Court. A Power of Attorney enables someone you know and trust to engage in real estate and financial transactions, and other legal decisions, on your behalf."
Another must-do is appointing a trusted individual to follow the instructions contained in your Healthcare Power of Attorney. "This person will make vital healthcare decisions that align with your views if you cannot make them yourself," Newborn said.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Doug Newborn
Email: Send Email
Organization: Doug Newborn Law Firm, PLLC
Address: 1 South Church Ave Suite 2130 Tucson, AZ, 85701
Phone: (520) 276-0236
Website: https://dougnewbornlawfirm.com
Release ID: 89075963
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
More News
Virender Sehwag's son Aaryavir steals the show with 173-run knock for Delhi U19s
Virender Sehwag's son Aaryavir steals the show with 173-run knock for Delhi U19s
Karnataka generates record 2.04 crore person-days under VB-G RAM G scheme
Rural districts reported varying employment gains, while the state expanded job-card access and work opportunities to help families find jobs locally
Maharashtra makes display of treatment rates mandatory for private hospitals
The directive seeks to improve transparency in hospital billing, reduce disputes over treatment costs and ensure patients can access rate information.
Uttarakhand women empowerment minister accuses husband of cheating, violence and murder conspiracy
Uttarakhand minister Rekha Arya has accused her husband, Girdhari Lal Sahu, of assault, cheating, forgery and plotting to kill her. The FIR also cites alleged threats against her minor children, caste-based abuse and fabricated company documents. Police registered the case in Dehradun on Thursday evening under provisions of the IPC and the SC/ST (Prevention of Atrocities) Act.
Kerala hotels defer UPI payment boycott until after Deepavali
The boycott, scheduled to begin on October 15, has been postponed following NPCI’s decision to defer the proposed rollout of a 0.4% MDR on select merchant transactions until after the festival.
Bhuvneshwar Kumar lives in a stylish Meerut bungalow featuring minimalist interiors, spacious living areas, well-maintained outdoor spaces
Renowned for his cricket prowess, Bhuvneshwar Kumar's home in Meerut, Uttar Pradesh, speaks volumes about his journey. This exquisite bungalow embraces a chic minimalist style, coupled with expansive living spaces that invite comfort. Thoughtfully designed outdoor areas and a convenient parking space blend functionality with sophistication. His array of luxury cars further epitomizes a life well-lived, highlighting his transformation from a small-town talent to an esteemed international athlete.
National Medical Commission clarifies rules for doctors to digitally authenticate medical records remotely
The clarification follows a recommendation by the High-Level Committee on Non-Financial Regulatory Reforms to facilitate digital and electronic signatures in medical practice under the Information Technology Act, 2000.
Oregon school shooting: Did the 16-year-old teen use his mom's shotgun to fire at truck before killing 3 children, teacher?
Oregon school shooting: New details have emerged in the Oregon school shooting, in which a 16-year-old gunman allegedly killed three children and a teacher at Silver Rail Elementary School in Bend. According to reports, the teen used his mother's shotgun to fire at a pickup truck before forcing his way into the school. Police are investigating the deadly rampage and its motive.
Abhijeet Dipke detained by Delhi Police ahead of 'Lehra Do Tiranga' protest at Connaught Place
Abhijeet Dipke detention news: Abhijeet Dipke, founder of the ‘Cockroach Janta Party’ (CJP), was placed under preventive detention by Delhi Police on Friday ahead of the party’s proposed ‘Lehra Do Tiranga’ protest at Central Park in Connaught Place. Police cited restrictions under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), while the proposed rally had not received permission from the New Delhi Municipal Council (NDMC).
India to roll out data centre policy as concerns grow over power use
The move follows protests by residents in cities such as Mumbai and Visakhapatnam against data centres planned by Amazon and Google over concerns including water and electricity use
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.