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One way of finding the motivation to overcome your estate planning procrastination is to do a risk assessment. Here’s three questions to ask yourself: Without a will or trust what is the risk of my assets being distributed to a person I would not choose? If you die without a will or trust, you die “intestate.” State intestate law will determine who gets your property. If you care about who receives your assets you probably

When you create your family trust, pick a successor trustee with the right stuff. This person will administer the trust after you pass away or become unable to handle the responsibilities yourself. Extreme care should be taken when nominating a trustee and alternate trustees. The fiduciary responsibilities owed by a trustee to the beneficiaries are a serious matter. You need a trustee with the right stuff. A trustee can be held liable for negligence in

Estates are as unique as the individuals and families that own them. This is why one-size-fits-all estate plans downloaded from the internet should be avoided. A good estate plan is customized for the proper transfer of your assets to your heirs and beneficiaries. Estate plans should be specifically tailored for your family needs. A Living Trust can be used to achieve the outcome you desire for your family. Here are 10 common estate planning considerations:

KNPB Channel 5 and the Community Foundation of Western Nevada presents a series of free, in-depth workshops on estate planning. Kevin explained the differences between Wills and Trusts and what might be right for your family.

Kevin Walsh, Managing Attorney of 1Source Law and the Living Trust Source, discusses Wills, Trusts and Probate at the Estate Planning Series in Reno. The series is presented by KNPB Channel 5 and the Community Foundation of Western Nevada with the support of other nonprofit sponsors. If you missed the presentation, stay tuned. Later this month KNPB will be recording the presentations for television and Youtube.