2. Bryce L. Rader, Esq.
BA in Foreign Languages U.N.R. 1996
Juris Doctor - St. Louis University 2000
Master of Health Administration 2000
Joined Anderson, Dorn & Rader in 2003,
Shareholder since 2007
Academy of Special Needs Planners™
Washoe County Probate Bar Association
Lecturer on numerous estate planning, special needs
planning and estate administration topics
Fellow of American Academy of Estate Planning
Attorneys™
AV Rated with Martindale-Hubbell (Rated top 5%
among local attorneys and judges)
3. Most Common Avoidable Problems
Top 10 List:
• Failure to properly implement and update your
plan
• Inadequately preparing your trustees and
beneficiaries
4. 1. Proper Trustee Selection
• Family dynamics, i.e. mistrust, blended
families
• Spendthrift or addiction problems
• Financial or legal problems
Options………………..
5. 2. Share your estate plan
• Exclusion or preference of an heir
• Medical emergency or death
• Keep your Trustee’s and beneficiaries notified
of updates and changes
6. 3. Designate your household items
• Estate Planning Letter
– Ask your beneficiaries what they would like
– Especially important for blended families
7. 4. Update property schedules
• Helps ensure that assets are
properly funded
• Beginning inventory for your
successor Trustee
• Notify your trustee of safe
deposit boxes, safe
combinations, and hidden
assets
Schedule A
Schedule B
Schedule C
8. 5. Update tax
provisions
• A/B trust and
disclaimer provisions
– Nontax reasons for
A/B Trust
– Discuss irrevocablity
of B Trust
• Planning with
portability (DSUEA)
9. 6. Include Trust Protector provisions
• Authority may include:
– Power to amend
– Make tax elections
– Mediate disputes
10. 7. Transfer wealth
in trust
• Advantages of Access
or Sentry Trusts:
– Asset protection
– Tax savings
– Incentive planning
– Spendthrift
protection
11. 8. Special Needs Beneficiary
• The disinheritance mistake
• Special Needs requires special planning
12. 9. Consider a Retirement Plan Trust
• Preserve the stretch
• Protect the assets
13. 10. Prepare your
beneficiaries
• Effective family
communication
• Pre-inheritance
experiences
• Effective transfer of
family leadership
“60 percent of generational wealth loss is caused not just by
lack of planning, but instead by a lack of communication
and/or trust within the family.”