Nevada has three types of probate administration, and each one serves a different purpose. Whether general probate and administration, summary administration, or special administration is needed, a Reno probate administration lawyer can assess the estate and determine the type of oversight it requires. To make the process easier, our Reno probate attorneys guide you through the various legal requirements so you can receive an efficient and effective outcome. Contact the Simplifying Probate today to schedule your initial consultation.
Why Choose Us at Simplifying Probate?
- Simplifying Probate reduces your stress by identifying the right type of probate administration for the estate and streamlining it for better results and faster resolution.
- We understand how difficult this time is for you and your family, and we compassionately guide you through the many legal requirements associated with probate administration.
- Our team’s experience and legal knowledge have equipped us to handle even the most complex probate cases.
What to Expect During General Probate and Administration in Nevada
General probate and administration is the process commonly used to settle an estate after a death occurs. During probate and administration, executors resolve the estate according to the will, which must first be evaluated to ensure its validity. Executors then proceed with inventorying and appraising the estate so creditors and applicable taxes can be paid, and assets can be disbursed to heirs and beneficiaries.
When a will does not exist, administrators resolve the estate according to Nevada intestate laws. Settling the estate is a very similar process, but assets are distributed according to a formula. The decedent’s spouse and child are first to inherit, followed by parents, siblings, or next of kin, depending on who is present to claim the estate. General administration is also used for estates that are worth more than $300,000.
How Summary Administration Works
Large estates are subject to a streamlined version of probate known as summary administration. This is reserved for estates worth between $100,000 and $300,000. An eligible individual must petition the court to become the administrator, which is decided during a hearing with all other interested parties of the estate. Once an administrator is appointed, probate adheres to the same process but requires less court involvement.
Special Administration in Unique Probate Situations
As the name implies, special administration is used in special circumstances. These administrators are typically appointed to collect and inventory the estate for the executor or administrator and manage the estate and its finances. However, they are not liable to creditors and cannot distribute assets from the estate. These individuals are often used temporarily to fill an interim need until a personal representative can be appointed for probate.
Our Reno Probate Administration Attorneys are Ready to Help You
Simplifying Probate provides clarity on which type of administration must be used during probate. We provide direction and simplify the process to eliminate confusion and stress. Our team is also equipped to help you resolve challenges that may arise when settling the estate. Schedule a free consultation with our firm today at (702) 800-8354 to get your probate administration questions answered.