Nevada Probate Attorneys

Similar to death and taxes, many people hear the word “probate” and cringe. But what is probate? Simply put, probate is the legal process that takes place after a person dies to distribute the assets of the estate and pay any debts owed. Probate can be time-consuming, expensive, and nerve-wracking. However, it can be avoided by putting together and maintaining a complete estate plan.

When someone passes away without having proper or complete or updated estate planning in place, a court-supervised process called probate may be required. Before property can be distributed to the decedent’s heirs or beneficiaries, the deceased person’s will must be determined as the actual valid and last will and testament by a judge, creditors notified, debts resolved, and taxes paid. Assets are distributed in accordance with the instructions written in the decedent’s last will and testament.  If there was no will, or if the last will is difficult to interpret, then the items will be distributed as the court directs.

 

Nevada Probate Steps

Probate may sound scary, but it doesn’t have to be. Understanding the Nevada probate process can reduce some of the stress.  First, there are different types of probate administration depending on the size of the estate. In Nevada, we have a simplified probate process for small estates. Estates valued at less than $100,000 may be given to heirs or beneficiaries without formal court administration – though some limited court filings may still be required.  Estates with assets less than $200,000 can petition for a simplified probate process called Summary Administration. Estates with assets that exceed $200,000 must go through the full court-supervised administration process.

The first step to the Nevada probate process is to file any alleged last will and testament of the decedent in the county where they lived within 30 days of death. The court will determine if the will is valid and who will be the executor of the estate. Creditors of the decedent’s estate generally also have to be notified before final distributions are paid according to the will or, in case there is no will, to the decedent’s family members.

Public disclosure of assets and potentially other personal information that happens during probate can be avoided by taking the time to do your estate planning, including setting up a living trust, before death or incapacitation.

 

Michaelson Law Probate Attorneys

If you find yourself in a situation where you must probate the estate of a loved one, we can help you through the process. Let our team of probate attorneys answer all your questions and help you navigate the probate process with confidence.  We’ve handled matters from small estates all the way to very large estates with extremely complex legal and tax implications.  We are extremely effective in overcoming beneficiary disputes, or at least handling them in the best way possible.

The Michaelson Law family is here to help guide you through the probate process. Our Nevada probate attorneys are here to help you and your family get through probate with as much peace of mind as possible. For more information about our probate services and pricing, call 702-731-2333 or visit www.MichaelsonLaw.com.

 

(725) 999-1707