Nevada probate falls into one of three categories: general probate and administration, summary administration, and special administration. The process used to resolve an estate is dependent on its value. A Las Vegas probate lawyer from Simplifying Probate can help you determine how much your loved one’s estate is worth and guide you through the appropriate process. Contact us today to schedule a consultation with one of our experienced probate administration lawyers.
Choose Us at Simplifying Probate?
- Simplifying Probate has extensive experience handling each type of estate administration to efficiently and effectively reach a successful outcome.
- Our team files documents and communicates on your behalf with courts, creditors, and other applicable parties to streamline the process and safeguard you and the estate.
- We act quickly to resolve challenges, protect your interests, and ensure that all legal requirements are fulfilled.
What is General Probate and Administration?
General probate is the process used to settle an individual’s estate if they have a will. If the decedent died without a valid will, then general administration is used to resolve their estate through intestate succession. General administration is also used to settle estates valued at over $300,000.
During the probate process in Nevada, the court will verify the validity of the decedent’s will, and the estate’s executor can begin conducting an inventory and appraisal, paying creditors and applicable taxes, and distributing remaining assets to heirs and beneficiaries.
Administrators for estates without a will follow a similar process, but assets will be divided up by the hierarchy of the decedent’s surviving family. The decedent’s spouse and child are first to inherit, followed by parents, siblings, next of kin, and the state if no family is present..
What is Summary Administration in Las Vegas?
Estates valued between $100,000 and $300,000 must go through a process known as summary administration. This is very similar to general probate, but the process is more streamlined. Since these estates are large and complex, it is important to hire an experienced lawyer for this process.
To begin the process, the decedent’s personal representative must file the initial petition to open probate and provide heirs, devisees, other representatives, and the Department of Health & Human Services with notice at least 10 days before the assigned court hearing on the petition. If granted, Letters Testamentary or Letters of Administration are issued so probate can begin. The personal representative will then inventory the estate, settle debts with creditors, sell property if needed, file an accounting of the property, and distribute assets and close the estate.
What is Special Administration in Nevada?
During probate, special administration is used in very specific circumstances where an individual is temporarily assigned to handle limited tasks related to the estate. Special administrators are generally needed when the value of the estate is unknown, an administrator is needed to protect the estate, or there is a pending lawsuit. This individual may handle finances and court actions, but cannot distribute assets or be liable for debts.
Call Our Las Vegas Probate Administration Lawyers Today
Simplifying Probate helps you identify the correct process for settling your loved one’s estate. Our team takes the time to thoroughly assess your situation so we can efficiently and effectively provide solutions. We know this is an overwhelming and confusing time, and we provide compassionate support to guide you through. Contact us today at (702) 800-8354 to schedule a free consultation and discuss the administration of your loved one’s estate.