Probate In Nevada
Probate is a legal process managed by the court system that one’s family members or trusted friends have to go through in order to transfer the assets of a deceased person to that person’s beneficiaries. If assets are not titled properly or are not held in trust, probate proceedings are usually necessary to transfer ownership of these assets to the heirs of the estate. Typically a probate proceeding can be very timely and expensive. If a friend or family member has recently passed away, it may be necessary for a probate proceeding to take place in order to transfer assets to the rightful beneficiaries. In Nevada, the type of probate necessary is primarily determined by the value of the estate. In addition to the option to do an Affidavit of Entitlement, there are essentially three main types of probate in Nevada: Set Aside, Summary Administration, and Regular Administration.