The probate process is something many of us dread. When you have lost a loved one, you often want to get estate matters wrapped up as quickly as possible. For very limited types of personal property, such as bank accounts or vehicles, you may have the option to do this through an affidavit of entitlement. Our Las Vegas probate attorneys at Simplifying Probate are ready to represent you. Call us today for a free consultation to discuss your situation and determine your eligibility.
Why Choose Us at Simplifying Probate?
The team at Simplifying Probate only handles probate and estate planning cases. This enables us to remain deeply knowledgeable about estate planning, intestate inheritance, and probate law, and to provide efficient and individualized services to our clients. We have spent 30 years developing a reputation for client-centered support and streamlined processes that help you access your loved one’s estate more quickly and with less unnecessary stress.
Losing a loved one can be incredibly emotionally taxing, and it can make it difficult to fully and objectively explore all of your options. When you work with a Las Vegas affidavits of entitlement attorney, we can handle a lot of that for you. We can simplify the options to only those that apply to your situation, and ensure that you fully understand the process before moving forward on your behalf.
What is an Affidavit of Entitlement?
Nevada law allows for the transfer of ownership to certain individuals by presenting an Affidavit of Entitlement which is a sworn statement submitted by a beneficiary declared in the will of the decedent or you are entitled to the estate through intestate succession laws. This is an out-of-court procedure that can be used for small estates.
Generally, ‘small’ refers to when the total value of the personal property does not exceed a specific limit. This is currently $100,000 for a surviving spouse and $25,000 for all other beneficiaries. However, this is subject to change and certain conditions must be met. Examples include limitations that the estate cannot have liens or loans placed on it, and you must undergo a waiting period to allow potential creditors to come forward.
Benefits of Using an Affidavit of Entitlement Instead of Probate
The Nevada probate process can be relatively simple for the estates eligible for the affidavit of entitlement. However, simple does not necessarily mean fast. One of the primary benefits of utilizing an Affidavit of Entitlement is that it can help you skip the probate process after a short waiting period, allowing you to settle the estate and take ownership of the property to which you are entitled.
Additionally, the cost of an Affidavit of Entitlement is typically minimal, requiring only a notary and filing fees. However, you may find that the probate process further depletes the estate for attorneys’ fees and court costs.
The Affidavit of Entitlement is a relatively straightforward process and typically requires only one or two forms to process. In many cases, particularly for a designated heir, you will never have to see the inside of a courtroom.
In times of mourning, it is hard to put a tangible value on emotional bandwidth. However, using an Affidavit of Entitlement can save you time, money, and stress that allows you to put energy into finding your new normal after your loss.
Call Our Las Vegas Affidavits of Entitlement Lawyers Today
When you are in the middle of grief, it can be hard to see anything clearly. At Simplifying Probate, we can bring clarity to the process, advise you on whether an Affidavit of Entitlement is an appropriate tool in your situation, and help you prepare the necessary legal document to claim the assets.
Call our Las Vegas probate attorneys today at (702) 800-8354 for a free consultation and discuss your options for accessing the resources to which you are entitled.