If you are dealing with a loved one’s estate after their passing, it is easy to become overwhelmed by the administration process. Every estate is different and requires an individualized approach for the most successful outcome. At Simplifying Probate, our Sparks probate lawyers advise and represent clients settling estates of any size or complexity. When you need a Sparks probate administration lawyer, contact us to handle the details for you.
Why Hire Simplifying Probate for Help With Estate Administration
- Simplifying Probate represents the collection of over 30 years of experience in Nevada probate law, both in and outside of the courtroom.
- Our team values clear communication and collaboration with clients. We strive to streamline the process for you for the most efficient and effective outcomes.
- We protect your interests as if they were our own and ensure all legal requirements are fulfilled to safeguard the estate.
General Probate Administration With a Will
In Nevada, if your loved one passes away leaving a legal will behind, the probate administration process will be handled by the estate’s named executor. The court must first verify the validity of the will, ensuring that it was not forged, coerced, or in any way invalidated. Once the will is validated, the executor can proceed, first notifying any creditors, heirs, and beneficiaries that the estate is being administered.
Next, the executor must perform a thorough inventory of all estate assets and value the items. Some items, like antiques, art collections, land, and vehicles, may require appraisal by our network of experts. We can help you through the process to make sure the estate is valued properly. After this, creditors and any remaining taxes need to be paid before any assets are distributed.
Summary Administration in Nevada
If the estate is valued between $150,000 and $500,000, the estate may be administered through a more streamlined process known as summary administration. This process is similar to general probate, but typically runs more smoothly and leads to assets being distributed sooner.
General Probate Administration Without a Will
If your loved one passed away without a legal will in place, their estate will need to go through probate in accordance with Nevada’s intestacy laws. These laws can be complicated, but generally pass the estate down first to a surviving spouse, children, parents, siblings, and/or grandchildren.
Without a valid will to name an executor, the court will need to appoint an administer. You can file a petition with the local court. For those living in Sparks, you will need to contact the Washoe County Public Administrator’s Office.
Assets That May Bypass Probate
Certain assets are not generally subjected to the probate process due to their designations. These assets include:
- Life insurance with a directly established beneficiary
- Assets held in a living trust
- IRA accounts and 401(k)s with payable-on-death designations
- Bank accounts with payable-on-death designations
- Joint tenant properties with rights of survivorship
Other assets may also bypass probate if they are set up in certain ways. Contact our team to discuss specifics about an estate.
Contact a Sparks Probate Administration Lawyer at Simplify Probate Today
At Simplify Probate, our experienced Sparks probate administration lawyer comes alongside you as you go through the legal process of fairly distributing the estate. Regardless of the size or complexity of the estate, we are ready to do the heavy lifting so you can rest assured that your loved one’s legacy is handled with care. Contact us today for a free consultation and retain the representation you need.