The Living Trust Source | Reno Nevada

Estate Planning Attorney Reno Nevada

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Get Your Estate Planning Done – Then Seize the Day!

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Retirement should be fun. You’ve worked hard for what you have. It’s time to be free spirited and wonderous – laugh, love, and play. But we never escape the fact that were grownups. We know we can’t play until we finish the chores. The big task for many retires is unfinished estate planning. Once its complete, its possible to rediscover life knowing that your work is complete, and family protected. You will be surprised at how easy it is to complete your living trust package. It should include your succession planning, wealth protection, final wishes, and powers of attorney.

The Living Trust Source encourages you to take care of your estate planning . . . then seize the day!

 

Kevin Walsh

Lead Attorney & Owner

1Source Law LLC

The Living Trust Source | Litigation Division | The Supreme Art of War

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The supreme art of war is to subdue your adversary without ever firing a shot. When it comes to family matters this principle is golden. Litigation involving family member betrayal can get messy. It’s painful to learn a family member has breached their fiduciary duties as trustee by favoring themselves over other beneficiaries. If war can be avoided, war must be avoided. To that end war is best avoided by preparing for it. As my father said, get your ducks in a row. A properly prepared meritorious case will cause any intelligent adversary to settle out of court – or face the consequences. The Living Trust Source Litigation Division recommends that you talk to a lawyer who understands the supreme art of war.

 

Kevin Walsh

Lead Attorney & Owner

1Source Law LLC

 

How Will Your Minor Children be Cared For if You Die Early?

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Anyone raising children should have a living trust. A Living Trust can be used to name the children’s guardian if you die prematurely. Also, parents can provide for their minor children’s maintenance through a Trust. You can choose a person you trust to be the Trustee. This person oversees the money used for the support, education, health, and welfare of your kids. Avoiding the cost, delay, and public scrutiny of probate are only some of the benefits of a Living Trust. It’s also the best way to plan around the cold fact that you may die before your children become adults. The Living Trust Source recommends that every parent with minor children have a Living Trust to care for the kids in case they’re unable.

 

Kevin Walsh

Lead Attorney & Owner

1Source Law LLC

What Does a Good Estate Plan Look Like? | Part 2 of a 10 Part Series | The Essential Elements

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Estate planning needs vary from family to family and there are many sources that can help with your family’s succession planning. Always seek advice from a qualified attorney to determine what the elements of your trust should be included to meet your family’s specific situation.  Below are some basic elements to look for when considering the source of your living trust. This is not an exhaustive list and needs will vary among families. You can start by asking your lawyer what’s included in their trust package. These are some baseline elements to look for:

  •  Revocable Will
  •  Revocable Living Trust
  •  Will Package
  •  Durable Power of Attorney for Assets
  •  Durable Powers of Attorney for Healthcare
  •  Durable Power of Attorney for Healthcare or Advanced Directive, Living Will, Nomination of Conservator, Appointment of Guardian, and Anatomical Gift
  •  Abstract of Trust
  •  Trust Certification
  •  Pour-Over Will
  •  Assignment of Furnishings and Personal Effects
  •  Organized in a professional quality binder with tabs and inserts
  •  Plain English summaries of documents and their purpose
  •  Funding instructions with enough clarity to allow you to easily trust assets

The Living Trust Source powered by 1Source Law LLC encourages all families to insist on a comprehensive living trust package presented in a well-organized and an easily understood.

 

Kevin Walsh

Lead Attorney & Owner

1Source Law LLC

 

If You Have a ‘Will’ Your Estate Will Go Through Probate – Get a Living Trust

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 As far back as A.D. 800 English peasants used the Living Trust to protect their land from abusive kings and noblemen. Today it’s used by families with both large and small estates to avoid the cost, delay, and public scrutiny associated with probate.  If you have a Will, your estate will go through probate.

The Living Trust Source by 1Source Law LLC recommends that all families consider a Living Trust to make the transfer of wealth fast, private, and cost effective.

 

Kevin Walsh

Lead Attorney & Owner

1Source Law LLC