LAS VEGAS PROBATE

What Is Probate?

Probate refers to the legal process by which a deceased person’s estate is administered. Probate occurs because the deceased person died owning property in their name, like real estate or bank accounts and stocks and bonds. If the person died leaving a Last Will and Testament, the Will is “Proved” or admitted to probate and the person designated therein as the Executor is appointed to administer the Estate. If the person died without a Last Will and Testament, a person authorized by statute petitions the Probate court to be appointed the Estate Administrator.

The Probate Process

Once appointed by the Probate Court, the Executor or Administrator is granted “Letters Testamentary” and they are then empowered to gather and sell assets, negotiate with and pay off any creditors, file any final tax returns as required, and make final distributions either to the persons named is the Will as beneficiaries or the persons identified in the Nevada Revised Statutes as the Decedent’s “Intestate Heirs”. This process is complex and can last from a month or two in the simplest of cases to a year or more in more complex cases.

Probate refers to the legal process by which a deceased person’s estate is administered. Probate occurs because the deceased person died owning property in their name, like real estate or bank accounts and stocks and bonds.