A look at the ten most common problems of trust administration and how to avoid them.

1. Trust
Administration
Avoiding Problems and
Beneficiary Conflicts
After Death
AD&R
ANDERSON, DORN & RADER, LTD.
Legacy and Wealth Planning Attorneys

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.”