What is Probate?
Probate is the legal process that happens after a person dies in order to pay lawful creditors and transfer assets to rightful beneficiaries. This can include proving the validity of a will, identifying the deceased person's property and the value of that property, transferring that property, and paying debts.
Contrary to what many people believe, a will does not avoid probate in Nevada. With a valid will, that document will determine how our estate is transferred. Without a will or with a partial will, the laws of the state you live in will determine who gets your remaining assets. In either case, the probate court will oversee the activities to be sure that all assets are distributed properly.
The probate process is complex and can be quite lengthy. One or more family members will be appointed by your will or by the court to carry out a series of activities, from notifying your creditors to inventorying your assets and then reporting back to the court before anything can be distributed to your heirs. If family businesses or real estate are involved, the process becomes even more complicated.
If you or your family are facing a probate situation, we can help you navigate the complex probate process from start to finish. Call or contact us today for more information.
