The loss of a loved one is truly a tragedy and a difficult process for anyone. We respect your grief and will ensure that your loved one’s estate is handled with the care and compassion it deserves, as quickly and efficiently as possible. Probate estates include:
In Nevada, general administrations are used when a loved one passes away and leaves an estate with assets valued over $300,000. If the person left a will, the estate will be administered in accordance with its terms, by appointing the named executor or executrix and distributing assets to the named beneficiaries. If there was no will left, the estate will be administered in accordance with the Nevada laws of intestate succession. Probate can be a complicated and confusing process, so it is important to use an experienced attorney to ensure the estate is handled properly.
Summary Administration is utilized when a loved one passes away and leaves an estate with assets valued between $100,000 and $300,000. The process is similar to a general administration, but requires fewer notices and shorter periods of time for creditors to make claims against the estate. This means that summary administrations are generally resolved faster than general administrations.
Special administrations are often used when a person passes away, but the relatives are unsure of assets or whether a will or trust exists and need to secure or protect the decedent’s property, or to access medical records. Once these items are obtained, the administrator can then proceed with the appropriate type of probate required to administer the estate.
When a loved one passes away in another state, but owns property located in Nevada, it may be necessary to administer a secondary, or ancillary estate. This means the primary probate occurs in the state where the decedent resided and a second estate is opened to deal with the property located in Nevada. This may seem like a complicated process, but an experienced attorney can easily navigate the process for you and ensure all property is properly transferred or distributed.
Set Aside Estates
If the value of a decedent’s estate is less than $100,000.00, the estate will qualify for what is referred to as a set aside of the estate. This means that most of the formal processes are dispensed with and the court allows all distributions to be made quickly and easily.
Affidavits of Entitlement
This process is used for very small estates that do not include any real estate. It is a very inexpensive, straightforward procedure for obtaining a person’s assets after their death, so long as certain statutory requirements can be met.