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A qualified attorney can guide you through the probate or administration process (including proper notification of other potential beneficiaries of the estate) and can be helpful if a dispute arises with creditors or other potential heirs.
Understanding the Probate Process in Nevada Filing the petition for probate. Providing notice to heirs and creditors. Appointing a personal representative. Bonding the personal representative. Conducting an inventory, appraisement, and list of claims. Providing notice to the creditors and claimants.
The clerk of the local district court or the deceased person's nominated representative is the person assigned with jurisdiction. There's no hard and fast deadline by which one has to complete probate in Nevada.
Because probate attorney fees in Nevada can vary, it's not easy to estimate a fee. Some probate attorneys will bill by the hour, but the majority in Nevada bill a flat fee using statute. Typically, it's between two and four percent of the estate value.
The out-of-court procedure can be used if the value of the estate is less than $100,000 for a surviving spouse or if the value doesn't exceed $25,000 for any other individual making a claim. If a deceased person owned motor vehicles registered to them, they don't count when the value of the estate is calculated.
To open a probate proceeding and to appoint a personal representative, Nevada courts generally require: A petition to open probate. As exhibits to the petition: a certified copy of death certificate; and. a file-stamped copy of the will that has been submitted to the clerk (if the decedent died testate).
In Nevada, the law requires that assets worth more than $20,000 go through probate. There are many other factors that can affect how much an estate has to be worth in order for it to go through probate.
Some estates are straightforward, and you do not always need a probate lawyer. But for anything other than the most simple and straightforward estate, it is wise to work with an experienced Nevada probate attorney.