Top Estate Planning Attorney Doug Newborn Reveals Why Keeping Estate Planning Secret Could Be An Added Stress For Family – Tucson, AZ
Tucson, Arizona, United States – August 9, 2022 —
Secrets may be necessary for a nation’s interests, but failing to reveal estate planning details to relatives could be extremely harmful, leading Arizona lawyer Doug Newborn warned this week.
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The Founder of Tucson’s Doug Newborn Law Firm, PLLC, gave compelling reasons why keeping your will’s contents from family members could be counterproductive in the long term.
He said many would understand why parents may hesitate to tell the family what plans they have for their assets when they pass on.
“Reasons can range from potentially upsetting their children over estate planning decisions to the fear the children will abuse their power,” he said. “Equally, children may ask to be provided with an ‘advanced inheritance’, or are concerned about having the difficult conversation about end-of-life decisions.”
Newborn explained that the goals of estate planning are three-fold: to act as a guarantee that your wishes are carried out, both during life if you become incapacitated, as well as after death, and to put in place someone you trust to make financial and medical decisions on your behalf when you aren’t able to do so. It also helps mitigate the process of going through the courts.
These can only be achieved by having the proper legal documents in place, such as wills, trusts, advanced directives, and financial and healthcare powers of attorney.
He added: “Not informing your adult children beforehand of their responsibility to make either financial or medical decisions can create confusion and unnecessary stress in an already stressful situation. A lack of knowledge will ultimately slow down the process.”
As much as the conversation surrounding end-of-life arrangements can be awkward, it is better to grasp the issue now than store up problems later.
Newborn concluded: “I advise my clients to discuss their estate plans openly with their families, their decisions and their decision-making process. Family members should also be informed of the ins and outs of the plan and understand the plan can change depending on prevailing circumstances.”
Name: Doug Newborn
Email: Send Email
Organization: Doug Newborn Law Firm, PLLC
Address: 7315 North Oracle Road, Suite 230 Tucson, AZ 85704
Phone: (520) 276-0236
Release ID: 89079463
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