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Due to the plethora of laws and individuals involved in a Nevada probate process, it it is best to hire an experienced attorney to assist with the court process.
The Administrator or Executor will receive a document called ?Letters Testamentary? or ?Letters of Administration? which will be issued by the court, and outlines the Administrator's or Executor's authority and responsibility.
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.
When should a Probate be opened? As soon as practical following the person's death. In Nevada, if the total amount of the deceased person's assets exceeds $20,000, or if real estate is involved, probate (or administration) will be required and there is normally no reason to delay starting the process.
But for anything other than the most simple and straightforward estate, it is wise to work with an experienced Nevada probate attorney. Natalia Vander Laan will explain the probate process, help you gather the necessary documents, and provide advice and legal representation during the probate process.
The administrator of the estate is usually named in the letters. Special letters of administration, on the other hand, are issued by the court for an estate only in certain circumstances specified under Nevada law. They include: where letters of administration have been granted irregularly.
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.
A petition must be filed with the court within eight months of the death, naming an executor and claiming that no other petitions for the appointment of a personal representative are currently pending in any jurisdiction. An NV law office can help answer questions regarding the decedent assets.