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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.
In summary, Nevada law now allows us to avoid probate altogether upon your death if your Will's beneficiary is an existing living trust. While we still have to go to court under Nevada's set aside statute, such is much quicker and cheaper than a regular probate administration.
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.
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.
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.
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.
In Nevada there is no time limit or statute of limitations to do a probate. However, it is possible for a stranger (no relation to the decedent) to start a probate. This may be done because a lawyer or realtor is looking to make a fee, or a creditor to get paid.
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.
How Can I Get a Letter of Administration in Nevada? The first step is to file a petition for letters of administration (or letters of testamentary) with the court. The application must be filed in the county where the decedent resided at the time of their death.