Probating an estate can be a heavy burden to bear, especially for those just dealing with the grief and loss of a loved one. At Simplifying Probate, we strive to make the process as easy and streamlined as possible for you and your family. Our Mesquite probate attorneys are prepared to take on estates of any size or complexity. When you need an advocate by your side to decipher the legal details, contact our Mesquite probate administration attorney.
Why Work With Simplifying Probate for Your Estate Administration
- With over 30 years of combined experience, our Mesquite probate administration attorneys are ready to protect your legal interests in and outside of the courtroom.
- Our team strives to make things easy for you, translating the legalese, explaining your options, and communicating clearly throughout the process.
- We work to safeguard the assets of the estate, ensuring all the legal requirements are fulfilled promptly. Our goal is to streamline the process for more efficient distribution.
Types of Nevada Probate Administration
Under Nevada probate law, there are four different types of probate administration, based on the value of the estate. The value of the estate combines all assets, subtracting any debts, loans, and mortgages. If there is no valid will in place, the estate will go through the intestate probate process, handled by the court.
Estates Less Than $25,000
For estates with less than $25,000 of assets, you may be able to complete a form to have the property directly transferred over. If the estate has no properties, the surviving spouse or next of kin may complete an Affidavit of Entitlement to get the assets transferred directly to them, avoiding court entirely.
If the estate includes real property, such as houses or land, but still values less than $25,000, you may fill out a Petition for Direct Transfer of Property. If approved by the court, the property listed in the petition will be directly transferred to you.
Estates Less Than $150,000
Similar to estates worth less than $25,000, estates valued at less than $150,000 may use an Affidavit of Entitlement or Petition for Direct Transfer of Property, depending on whether the estate held any property.
If the decedent left real property and/or if there are any other family members claiming it, you can file a Petition to Set Aside Estate Without Administration. All potential heirs and creditors will need to be notified, and there must be a full court hearing. The process for a set aside generally goes faster and more efficiently than larger probate administration.
Estates Between $150,000 and $500,000
If the estate is valued between $150,000 and $500,000, you may administer it through a streamlined process known as summary administration. The court will first validate the will and then give the go-ahead to the executor to begin administering the estate.
The executor must perform a thorough inventory of the estate’s assets and value them. Then all taxes and debts must be settled before any assets can be distributed in accordance with the will to all beneficiaries. While these estates are not the most complicated out there, it is still recommended to work with a Mesquite probate administration lawyer for an efficient, streamlined process.
Estates Over $500,000
Large estates valued at over $500,000 will need to go through the general administration process. Working with a probate administration attorney is highly recommended as these are the most complicated kind of probate process.
Hire a Mesquite Probate Administration Lawyer Today
At Simplifying Probate, our experienced Mesquite probate administration lawyer is ready to take on estates of any size or complexity. Contact us today for a free consultation to get your questions answered.