Top Estate Planning Lawyer Doug Newborn founder of Doug Newborn Law Firm, PLLC, in Tucson, AZ, points to the thought of death as the main reason most people don’t plan for the future. For more information please visit https://dougnewbornlawfirm.com
Tucson, Arizona, United States - August 7, 2023 —
Awkward and challenging conversations around death and the implications flowing from that often cause people to skip estate planning decisions until it is too late, Arizona estate planning attorney Doug Newborn has revealed.
For more information please visit https://dougnewbornlawfirm.com
A study from AARP, formerly the American Association of Retired Persons, with millions of members aged 50 and over, points to many needing an effective estate plan.
The Founder of Doug Newborn Law Firm, PLLC in Tucson, AZ., said: "Given life's ability to throw up the unpredictable, it is more important than ever to create an estate plan. It's not surprising many delay estate planning and being financially under-prepared because they don't want to contemplate the inevitable."
He added: "For many, creating an estate plan forces them to confront the end of their lives. But it will reduce the stress and uncertainty of loved ones left behind in the aftermath. A plan addressing a person's and family assets is crucial and should cover both during lifetime and after passing."
Without an estate plan, problems will invariably pop up, causing uncertainty about where assets are, how they should be distributed, and how to access them and other essential documents.
With advancing age and health problems, Doug Newborn asserted it makes sense for people to start the estate planning process now while they are still physically and mentally healthy.
Firstly, they should contact an estate planning and elder law attorney to consult about customized plans based on their financial situation, family dynamics, plans, and goals.
Newborn said: "It is recommended that married couples attend financial and estate planning meetings together, so they are on the same page and understand what will happen if either one becomes incapacitated or passes away.’’
"As there are so many factors, setting up the estate and financial plans are not black and white. Approaching the planning process together ensures the plan will be thorough."
He added: "Once an attorney gets a clear picture of a client's finances and estate, they can help them decide how their assets should be split after passing, and who should manage these affairs during their lifetime by assigning a power of attorney. For example, if a person becomes incapacitated, they will have already appointed a trusted third party to execute any financial and healthcare decisions.’’
"But the key is not to leave estate planning until it is far too late to react. Planning today means peace of mind tomorrow."
Source: http://RecommendedExperts.biz
Contact Info:
Name: Doug Newborn
Email: Send Email
Organization: Doug Newborn Law Firm, PLLC
Address: 7315 North Oracle Road, Suite 230 Tucson, AZ 85704
Phone: 520-636-1152
Website: https://dougnewbornlawfirm.com
Release ID: 89104087
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