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“ASK LAURA ABOUT REAL ESTATE”Good things to know about Trust & Estate AdministrationLaura HarbisonBroker/OwnerB.0026537.LLC/ PM.0164922.BKRSeniors Real Estate Specialist ® (SRES)Accredited Buyer Representative ® (ABR)Graduate, REALTOR ® Institute (GRI)Equator Platform Platinum CertificationEquator Short Sale Agent CertificationCertified Residential Specialist (CRS)Advanced Evaluations CertificationAt Home With Diversity (AHWD)Broker Price Opinion Resource (BPOR)NVS Institute BPO CertificationFive Star BPO DesignationCertified Distressed Property Expert ® (CDPE)Resort & Second-Home Property Specialist(RSPS)NAWRB Certified Delegate SpokeswomanDistinguished Real Estate Broker ® (DRB)Laura@HarbisonRealEstate.comwww.LauraHarbisonRealEstate.comCall Laura Today!7022-777-1234There was a time when many people associated words like “trust” or “estate” with wealthy people,with the belief that only the rich should be concerned about who should receive their assets whenthey pass on. These days, however, people are becoming aware of how important estate planningcan be. Whether or not you have a huge house, plenty of cash in the bank or a massive enterprise isimmaterial. With estate planning, you get to choose who gets what, regardless of what you have. Atits very heart, drafting a will or setting up a trust is all about protecting your loved ones.Trusts and estates need to be administered when the time comes. The directions in a will or trustcan be routinely implemented, all loose ends pertaining to debts and taxes tied up and the affairs ofthe whole estate managed.Can Executor and Trustee Can Be The Same Person?It is possible to name the same person as both the executor of your estate as well as the successortrustee of your trust. An executor will work with the court in guiding your estate through theprobate process (if applicable), while a trustee is usually tasked with taking over the management ofyour trust in the event of your death or incapacity. Some would recommend that two differentpeople fill those two roles as a way of putting checks and balances in place when settling your estateand trust. However, naming the same person as executor and trustee provides advantages aswell. For one, it will minimize expenses, since the lawyer providing assistance in settling the trustand estate only has to talk to one person, which means less work—and payment—for the lawyer andmore money for the beneficiaries. For another, having one person play both roles will eliminate anyconfusion or complications that come with any miscommunication that could happen between twopeople handling the whole process.Trustees Can Be Held Personally Liable!The fact that a person has been named as a trustee implies great trust placed on him or her by thegrantor. However, trustees have an obligation to abide strictly by the terms of the trust. If they usetrust assets for their own benefit or any sort of wrongdoing related to the trust, they will be heldaccountable for their actions, and may even be sued in court.You Can Decline an Appointment as a Trustee or Executor.Both offices have a mountain of responsibilities, and if you don’t want to be involved in somethingthat has the potential to become messy, especially when there are disputes involved, you candecline any appointment to either position. If you decline an appointment as executor and the willnames no one else, the court will appoint an executor in your place. If you were named a trusteeand you don’t want the job, the grantor of the living trust can simply replace you with someone else.These are just some of the things you need to know about trust and estate administration. Sincethings can get complicated, it’s always best to have an estate planning attorney to guide you throughthe entire process.Sharing your goals,Laura Harbison, ABR, AHWD, BPOR, BS, CDPE, CRS, DRB, GRI, RSPS, SRESRealty Executives Southern Nevada PropertiesBroker/OwnerLicense # B.0026537.LLC / PM.0164922.BKR770 Coronado Center Drive, Ste. 100Henderson, NV 89052Office: 702-777-12342June 2020
LAURAHARBISONREALESTATE.COM 702-777-12343 Mountain CoveANTHEM COUNTRY CLUB Exquisite Hampton's Style One Story Custom Home inGuard Gated Community on premium .59 acre Double Gated Golf Course Lot onthe 18th Hole! Approximately 5228 Sqft of Living Space, 5 Bedrooms & 5.5 Baths(including Casita), Library, 4 Car Garage, Pool & Spa. Solid Walnut Wood Floors,imported Solid Bronze Hardware, Italian Skin Plaster, Pella Windows and Doorswith Transomes, Custom Library built-ins, Gourmet Kitchen with ProfessionalAppliances, 1200+ Bottle Wine Storage, Volume Ceilings, and much more.$2,450,0002512 Corvus St.SOLERA AT ANTHEM Beautiful 3 BR/2 BA,1768 SF Franklin floorplan w/ huge greatroom, formal dining & a beautiful kitchen thatfeatures corian counters, upgraded cabinetswith pull-out shelves, dual pantry, recessedlighting & breakfast nook. Plantation shutters,2-tone paint, raised panel doors, upgradedcarpet & tile on diagonal. 55+, age-restricted.$369,0001700 Crystal CreekSUMMERLINBeautiful, bright & sunny4BR+den/3 BA/2400 SF floorplan w/ vaultedceilings! Upgraded island kitchen w/ nook,pantry & new SS appliances. Formal living &dining rooms, separate family room with tilefloors, den w/ dry bar. Spacious master withvaulted ceiling & walk-in closet & luxuriousbathroom. Finished 2-car garage with epoxyfloors. Fresh interior 2-tone paint, freshexterior paint, new carpet & more! $380,0002368 Kalkaska Dr.SUN CITY ANTHEM Upgrades galore!Premium .20 acre raised corner lot featuringcourtyard with stamped concrete patio! 4BR/ 3BA/ 2705 SF. Island kitchen w/ corian counters,glass tile backsplash, built-in oven, gas cooktop& upgraded cabinets. Plantation shutters &custom 2-tone paint, tile on diagonal, ceilingfans. Family room with surround sound. Fencedyard with covered patio, much more! 55+,age-restricted. $525,000485 Open HillHERITAGE AT CADENCE Immaculate, betterthan new 3 BR/2 BA/ 1662 SF 1-story in guardgated community! Highly upgraded carpet &tile, 2-tone paint! Island kitchen with granitecounters & maple cabinets, Stainless steelappliances, pendant lights, more! Fire sprinklersystem, alarm system, pest control system!Laundry room with cabinets. Low maintenancelandscape, paver driveway, walkways & patio.55+, Age-restricted. $389,9002224 Merrimack Valley Av.SUN CITY ANTHEM Upgraded 2 BR+den/2.5BA, 3172 SF Charleston floorplan boastsplantation shutters, tile on diagonal & ceilingfans. Island kitchen w/ granite counters, SSappliances, cherry cabinets w/ roll-out shelves& W/I pantry. Spacious living room w/ wet bar& formal dining area. Separate family room.Generous master w/ sitting area, W/I closet,garden tub, shower & raised vanities. 3 CarGarage. 55+ age restricted. $560,0004962 Perrone Av.SOUTHERN HIGHLANDSUpdated 3 BR/2BA/1405 SF 1-story home. Kitchen featuresNew quartz gray counters, white shakercabinets, SS appliances, breakfast bar &recessed lighting. Living/dining room combowith ceiling fan & separate family room withceiling fan. Master suite with ceiling fan, baywindow & walk-in closet. Secondary BRS withceiling fans. 2-tone paint. Covered patio & somuch more! $317,9003
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