Areas of Practice
Estate Planning
There are many reasons to form an estate plan. A proper estate plan can help to avoid a lengthy probate process, reduce or avoid taxes, ease the transition of assets from one generation to the next, and even protect a client's heirs from the risks of divorce, remarriage, fiscal irresponsibility, lawsuits, and bankruptcy. Loved ones with special needs can also be provided for using trusts as a part of an overall estate plan.
The Newell Law Firm, PLLC can help you create the estate plan that best fits your needs and those of your family. Even relatively small estates can benefit from revocable living trusts, irrevocable life insurance trusts (ILIT), and qualified terminable interest property (QTIP) trusts.
Large Estates
For those with more than a million dollars in assets, estate planning is critical. Estates subject to the federal estate tax can be taxed heavily--currently up to 45 percent. A variety of strategies are available to help reduce that tax burden. These strategies can be implemented at various stages of a client's life and career. At The Newell Law Firm, PLLC, we employ strategies such as the formation of family limited partnerships, limited liability companies and corporations, generation skipping trusts, family endowment plans, and QTIP and other trusts designed to reduce or eliminate the tax burden that you and your heirs would otherwise face.
Probate
The settlement process after a loved one passes can often be confusing and difficult, particularly during a period of grief. It is helpful to have a guide through the probate process. When disputes arise during the administration of an estate, the need for legal representation is even greater. The Newell Law Firm, PLLC can help you in your time of need.
Wealth Preservation & Asset Protection
In an uncertain world, it is comforting to know that the wealth you have created for your family is well protected. We offer our clients a variety of strategies to help protect their assets from future lawsuits or financial difficulty, including bankruptcy. These strategies include forming limited partnerships and limited liability companies, jurisdictional choice planning, and domestic self-settled trusts.
Real Estate Transactions
Whether you're buying your first home or developing commercial real estate, an experienced real estate attorney is critical to ensuring that your investment is protected. The Newell Law Firm, PLLC can help you with all of your real estate needs.
PO Box 30
West Jefferson
North Carolina
28694
336/246-5100
Fax: 336/246-5109
info@newellfirm.com
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