There are a variety of topics to address when managing and wrapping up the affairs of a loved one who has passed away. In some cases, the situation could leave surviving loved ones in Nevada facing the possibility of having to go through probate. Without previous experience in such matters, understanding what to expect from the probate process and the steps to take to protect one’s interests could be stressful and challenging.
Probate is a legal process through which a person’s possessions are transferred upon death and the size of one’s estate could influence how complex the process could be. During this process, certain assets may be used to satisfy any debts or taxes for which the estate is liable. Probate also works to distribute remaining assets to beneficiaries and this process may also address any existing disputes pertaining to the affairs of the estate.
An estate may be required to go through probate regardless of whether or not the deceased chose to write a will. However, there may be certain scenarios in which the presence of a will could prove beneficial, as without one, it might be up to the court to appoint someone to act as administrator for the estate during probate. With a will, a person has the option of choosing someone to carry out his or her wishes and the presence of a will could help limit financial and emotional stress for loved ones.
While understanding Nevada state probate laws could be vital to preparing for what comes next, it could also prove a difficult task. Fortunately, there are attorneys who can help a person gain a better understanding of all their available options and what to expect from the process. An attorney can provide a client with guidance in making informed choices about the situation and assist him or her in pursuing the most favorable outcome achievable during the probate process.