When your loved one passes away, there is typically an array of financial and legal matters left behind. Since your loved one is no longer able to resolve these issues and settle their own estate, Nevada laws create a process by which other individuals can handle the deceased individual’s final affairs. This process is called probate, also known as estate administration. Nevada statutes define probate as a legal proceeding in which the court has jurisdiction to administer and distribute the decedent’s assets to their next of kin and designated heirs. While listed beneficiaries may be entitled to property according to the terms of a will, the laws of intestacy will dictate how your loved one’s assets are distributed when there is no will at all.
The body of laws that cover estate administration is complex. However, the law may have a significant impact on your interests if you recently lost a loved one. You could be involved with probate as a personal representative, heir, beneficiary, or another interested party. At the same time, probate laws will help your loved ones administer your estate after you are gone, as well. A solid understanding of the probate process will enable you to create an estate plan that eases the burdens of the loved one you leave behind.
At Escobar & Associates, our team has extensive experience handling all aspects of estate administration. We are ready to represent you in any capacity as an interested party, and we will advise you on your rights throughout the process. Please contact us to set up a free consultation with a Las Vegas probate attorney who can describe how the proceedings work.
To best understand the laws and how estate administration works in Nevada, it is important to first learn about some of the important terms that apply to these cases:
An important consideration at the outset of probate is whether the person who passed away prepared a valid will. If so, the terms of the will dictate how assets are distributed and who will act as executor. A will may contain specific bequests of items to beneficiaries, or it may state that the estate should be distributed to beneficiaries in shares. Through a will, a decedent can eliminate people from taking any part of the estate.
When the deceased did not prepare a will, Nevada intestacy laws step in to distribute assets and manage the estate. There are priorities in terms of who can act as a personal representative, starting with the surviving spouse, children, parents, or siblings. With respect to distributing real estate and personal property, the laws of intestate succession split the estate among the spouse, children, and parents. However, the exact nature of the distribution varies according to who the decedent’s heirs-at-law are.
The proceedings will be different in every case, but you can expect to go through the following steps during estate administration:
Our Nevada estate administration lawyers at Escobar & Associates will take on all the legal tasks involved with each of these steps.
From the above description of how probate works, you can see that the individual appointed to manage the estate has significant responsibilities. For instance, the personal representative is tasked with the following:
In addition, a personal administrator has the duty to pursue and defend litigation involving the estate. Contested hearings do not occur in every probate case, but the personal administrator will have responsibilities if the estate is a party to a case.
An estate can be involved in many types of litigation, and the claims may stem from acts of the decedent during their lifetime. Lawsuits could also stem from the conduct of the personal administrator, heirs and beneficiaries, creditors, and many other sources. Some of the most common types of estate litigation include:
In most probate cases, the deceased person has left behind some financial obligations upon their passing. They may have unpaid bills for the month, including utilities, a mortgage, rent, auto payments, and credit cards. They may have larger and more complicated debts, such as business lines of credit.
When a creditor has a valid claim, it is entitled to payment from the estate. The personal representative is responsible for paying these debts, but there is also a duty to notify the creditors that the debtor has passed away and that a probate case is pending. The personal representative must directly notify known creditors, usually based on the decedent’s financial records. However, a personal representative must also attempt to reach unknown creditors via publication. If a person or entity comes forward with a valid claim, the estate must pay it but may also negotiate a resolution of the claim.
Claims of creditors take priority over estate assets, so distributions to heirs and beneficiaries may be affected by payments. The personal representative may need to sell off assets to pay verified claims.
The probate process can get quite complicated after a loved one dies, and you are at a disadvantage if you do not have legal counsel helping you through the many roles you may take on. Escobar & Associates will pursue your interests in the estate, but we are prepared to defend you against allegations of wrongdoing as a personal representative. You can trust our Nevada probate attorneys to take on such tasks as:
The estate administration process described above applies to many estates, but there are alternatives that may be appropriate for certain situations. Other legal proceedings that fall under the concept of probate include:
Escobar & Associates Law Firm, Ltd. is a trusted Las Vegas-based legal institution specializing in probate administration. With a rich history and proven track record, the firm stands as a beacon of legal prowess in the realm of probate law in Las Vegas, NV.
Escobar & Associates Law Firm, Ltd. offers a wide array of probate-related legal services through our probate attorney. Whether it's drafting wills, administering trusts, or navigating complex estate disputes, the firm's team of seasoned lawyers is equipped to handle every challenge. We tailor our firm's approach to meet the unique needs of each client, ensuring personalized, relevant, and practical legal guidance.
Are you interested in learning more? Escobar & Associates Law Firm, Ltd. invites you to reach out to our probate lawyer for a consultation. By choosing this law firm, you'll receive not just exceptional legal services, but also peace of mind—all at a fair price. Reach out today, and let Escobar & Associates Law Firm, Ltd. guide you through your probate administration journey.
You can see from the above that probate can be a very involved, complicated process. It may also be costly and time-consuming when disputes develop. As you probably realize after reviewing this information, it is advantageous to prepare a will to streamline estate administration. There is less potential for disputes over who will act as a personal representative and who is entitled to receive what assets.
However, besides a will, there are some additional points about probate to keep in mind if you want to make estate administration easier for your loved ones:
This overview of estate administration is informative, but you need a qualified legal professional with in-depth knowledge of Nevada probate law to assist with your case. You have important interests to protect, no matter how you are involved with the proceedings. Escobar & Associates will be at your side throughout the process, so please contact us to set up a no-cost case review with a skilled probate attorney. You can reach our offices in Las Vegas by calling 702.789.1422 or visiting us online.
Helping You Understand Probate In Nevada
Attorney Escobar has more than 30 years of experience representing clients like you in the Nevada probate process. Put his experience and compassion to work for you.
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Address: 150 North Durango Drive Ste 230 Las Vegas, NV 89145
For over 30 years Escobar & Associates has been providing clients the personalized attention to their legal issues that they deserve. Christy Brad Escobar has sought to help individuals use the law effectively to improve their lives by building strong and successful families.