Set asides enable a decedent’s spouse to bypass probate and receive property from the estate if they meet certain qualifications. A Reno probate lawyer from Simplifying Probate can help you determine if this process is right for you and how to initiate it. This process can save you a lot of time and stress after the death of your loved one.
Why Choose Us at Simplifying Probate?
- Simplifying Probate walks you through the legal process to ensure your paperwork is accurate and that you have the appropriate documentation to submit to the court to protect your claim to the estate.
- We can also assist with transferring court-approved assets into your name and closing probate after all steps are completed.
- Our compassionate lawyers provide support in the wake of your loved one’s death and simplify the process to reduce your stress and overwhelm.
The Benefit of Set Aside Estates in Reno
According to NRS 146.070, estates can be set aside in whole or part if their net value is less than $100,000, and/or the decedent’s will dictates that all or part of the entire estate is to be distributed to an heir. When the decedent is survived by a spouse and minor children, the estate must be set aside for them in part or in its entirety.
To determine the value of the estate, the value of any debts, mortgages, or liens must be subtracted from the value of its combined assets. Assets may include real estate, vehicles, personal property, and financial assets such as bank accounts, stocks, and investment funds. Debts may be settled first out of these assets, or the court could order them to directly pass to the decedent’s spouse and child.
Set Aside Proceedings in Reno
After a decedent’s death, an interested party must wait a minimum of 30 days before initiating the set aside process. Once this time has passed and eligibility has been verified, a petition for a set aside estate may be submitted to the court. Petitions must include an appraised list of debts and assets, along with a list of interested parties. The death certificate and will should also be provided to the court.
All interested parties should be notified of the petition and impending hearing so they have a chance to respond and attend. During the court hearing, a judge will hear from all applicable parties and render a decision on how the estate should be transferred. All further actions will be dictated by the judgment issued by the court.
Contact Our Reno Set Aside Probate Lawyers Today
Simplifying Probate protects your interests after your loved one’s death by ensuring you receive the maximum portion of the estate you are entitled to receive. Our team provides a range of services so you can be confident that you will receive the customized support you need. Discuss your loved one’s estate when you book a free consultation with our team today at (702) 800-8354.