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If your kids never got along while you are alive, what makes you think they will get along when your gone? The old maxim “The best predictor of future behavior is past behavior” should be closely considered by parents who want to maximize the likelihood of a conflict-free transfer of family assets to their children. The risk of future legal conflicts between sibling trust beneficiaries can be managed in estate planning. Every long-term relationship, especially

Living trusts are the preferred method for the efficient transfer of property to a beneficiary when the owner passes away. But like Caribbean cargo ships of the early 18th Century, the transfer of trust assets may encounter risks before reaching their destination. The most serious risk is that of the pirate trustee trying to steal the treasures of the estate. Often the trust raider attempts to hide the booty and the beneficiary is left adrift

Coffee & Estate Planning | ZOOM-IN . . . on the things you’ve been putting-off . . . . . . living trust, will, powers of attorney, advanced medical directives Sunday 2/14 @ 10:00 a.m. | B.Y.O.C. To receive a ONE CLICK Zoom log-in link simply email: Allison.Cairns@1SourceLaw.com

One of the main reason’s families set up living trusts is so the kids won’t need to hire a lawyer and wait for a probate court to order distribution of the family home and other assets. Probate is expensive and the cost goes up with the value of the house. The median value house in Reno was a record $500,000 in December 2020, according to the Reno/Sparks Association of Realtors. Attorney fees in Nevada probate

Coffee & Estate Planning | ZOOM-IN . . . on the things you’ve been putting-off . . . . . . living trust, will, powers of attorney, advanced medical directives Sunday 1/17 @ 9:00 a.m. | B.Y.O.C. To receive a ONE CLICK Zoom log-in link simply email: Allison.Cairns@1SourceLaw.com