Billy Newsome practices in the areas of taxation, wealth transfer planning, trust and estate administration, and exempt organizations. He is a Certified Specialist in the areas of Estate Planning and Probate Law by the South Carolina Supreme Court.
He assists high net-worth individuals and business owners with structuring their estate plans and business succession plans. He also represents individual and corporate fiduciaries in complex estate and trust administration. Fiduciaries and beneficiaries also call on Billy to assist them with estate and trust litigation matters.
He also represents tax-exempt organizations and assists them in complying with the myriad rules applicable to 501(c)(3) organizations. Additionally, he provides general tax and business advice to individuals and businesses.
A native of Hartsville, South Carolina, Billy received a B.S. degree in economics from Francis Marion College, attending as a Francis Marion Scholar. He received his law degree from the University of South Carolina School of Law, where he was a Roy Webster Scholar and a member of the Order of the Wig and Robe. He also received a Master of Laws in Taxation from the University of Florida School of Law.
He and his wife Kim and their daughters Ann and Emily are active members of Eastminster Presbyterian Church.
Nexsen Pruet Attorneys Recognized By Peers; Twenty-Eight Named to 2013 Super Lawyers List for South Carolina
April 30, 2013
14 Nexsen Pruet Attorneys Named to Legal Elite of the Midlands
October 16, 2013
•Best Lawyers in America Lawyer of the Year for Trusts and Estates (Columbia), 2015
•Best Lawyers in America, Trust and Estates (2008-present)
•Certified Specialist in the areas of Estate Planning and Probate Law by the South Carolina Supreme Court
•South Carolina Estate Planning and Probate Law Specialization Advisory Board Member (2008-2013, Chair 2011-2013)
•Listed in South Carolina Super Lawyers, Estate Planning and Probate Law (2010-present)
•Greater Columbia Business Monthly's Legal Elite of the Midlands (2010, 2012, 2013)
•Nexsen Pruet Board of Directors (2008-2014)
•Providence Hospitals Development Foundation Board Member
•Eastminster Presbyterian Church Elder
•Family Connection of South Carolina Board of Directors (Former Board Member)
•Oliver Gospel Mission Board of Directors (Past Chair/Former Board Member)
•In 2005, The State Newspaper named Mr. Newsome as one of the 20 Under 40 Business Leaders in the Midlands
•Leadership Columbia - Class of 1999
Outside Nexsen Pruet
Growing up in a small southern town that sees snow once every five years or so, I am not sure how I became a snow skier, but I'm hooked. I didn't take it up as a hobby until after adulthood, so you won't catch me skiing backwards through the trees. I have enjoyed introducing my wife and daughters to the sport and we've enjoyed family trips skiing with good friends.
One of my childhood friends invited a group of us out to Montana to ski in conjunction with our 20 year high school reunion. Somehow we convinced our wives that it should become an annual guys trip, so now every year we take a long weekend and ski somewhere new and different. We've skied Big Sky, Moonlight Basin, Bridger Bowl, Vail, Steamboat, Breckenridge, Park City, Heavenly, Squaw Valley, Telluride, Whistler-just to name a few. Getting together every year with guys I went to kindergarten and cub scouts with seems to keep life in perspective. That and the skiing . . .
Speaking & Writing
• Client Alert: 2010 Tax Act Provides Portability to Reduce the Estate Taxes Paid by Couples The IRS is offering a new way for surviving spouses to reduce their estate tax bill if their spouse passed away after December 31, 2010.
• Client Alert: The Taxation Treatment of Employer-Provided Cell Phones The Internal Revenue Service has issued long-awaited guidance that clarifies the taxation treatment of employer-provided cell phones or other similar telecommunications equipment.
• Client Alert: A Low Cost Option to Voluntarily Reclassify Workers In September, The IRS announced the Voluntary Classification Settlement Program (VCSP), a voluntary initiative allowing taxpayers the opportunity to change the prospective classification of their workers at a low cost. Taxpayers seeking to apply to the VCSP for the fourth quarter of 2011 must act quickly to meet the initial deadlines set by the IRS.
•Everything You Ever Wanted to Know About the Elective Share, presentation to the South Carolina Bar, 2001