Simplified Probate for Small Estates in Nevada
Special procedures for handling small estates in Nevada
Special procedures for handling small estates in Nevada
In general, when someone dies, the estate must go through probate which can be a complicated and lengthy process. But many states provide less complicated options for smaller estates.Nevada law provides for simplified probate when the value of the estate less any encumbrances does not exceed $100,000. If there is a surviving spouse or children, the court must order that the entire estate be used for the support of the spouse and/or children. If there is no surviving spouse or children, the court must order that the estate be used to pay funeral and last illness expenses, reimburse Medicaid and pay creditors. Any portion of the estate left after that, may be distributed to persons entitled to it. Read more