Set asides may be a viable option if you are dealing with a small estate. Simplifying Probate can assess your options and initiate the process with the court if you are eligible. Seek the advice and representation of a Henderson set aside lawyer to streamline the process and ensure all legal requirements are met. Contact our Henderson probate attorneys today at Simplifying Probate to learn more.
Why You Should Choose Simplifying Probate
- Simplifying Probate walks you through the requirements to determine if you can set aside part or all of the estate, and provides clarity on your options.
- We respect your time and work diligently to optimize your estate for a swift resolution that allows you to receive your property and close probate.
- Our team treats you with compassion and respect from start to finish and provides the service and support you need during this challenging time.
Set Aside Estates and Their Purpose
The purpose of a set aside estate without administration is to transfer the net value of an estate to a decedent’s spouse or minor child without having to go through probate. To be eligible for this simplified legal process, the value of the estate after all debts, liens, and mortgages are deducted must not exceed $100,000.
The purpose of a set aside is to bypass probate administration when the estate is small enough, and provide for the surviving spouse and minor. Generally, debts are settled from the estate before distributions are made. However, a judge may rule that the entire state goes to the decedent’s spouse and child instead.
What to Expect During Set Aside Estate Proceedings in Nevada
The Nevada set aside process may not begin until 30 days after the decedent has passed away, after which time a spouse or child can petition the court for a set aside if they meet the requirements. The petition must include a thorough inventory and appraisal of the debts and assets of the estate, the names and addresses of all interested parties, and a will if one exists.
Notice must be issued to interested parties so they have a chance to respond to the petition, as well as have the opportunity to attend the petition hearing. During the hearing, the court will review the documents submitted to the court, hear each party’s claims and objections, and issue a decision about who may recover from the estate.
Assets that may be recovered and transferred in a set aside estate may include funds from bank accounts, investment funds, and stocks, as well as personal property, vehicles, and houses.
Call Our Henderson Set Aside Probate Lawyers Today
Equipped with years of experience and an in-depth knowledge of the law, Simplifying Probate efficiently maneuvers through the various legal requirements associated with set aside estates. We prepare and file the correct paperwork with the court, so the process takes a minimal amount of time. Contact Our Henderson set aside probate lawyers at (702) 800-8354 to schedule a free consultation and discuss how to complete the set aside process for your loved one’s estate.