While Nevada probate can feel overwhelming at first, familiarizing yourself with the different probate options available can empower you to make informed decisions throughout the process.
Understanding the distinctions between traditional probate, handling underwater real estate, navigating the set-aside process, and determining if a trust applies can help you approach probate with a sense of clarity and control.
Navigating Nevada Probate: Choosing the Right Path for Your Situation
Here’s a breakdown of the most common Nevada probate scenarios:
Traditional – This is a typical probate process where the Estate has positive value after all debts and expenses are paid. We have an arrangement with our attorney partners that stipulates that they will work on contingency. This means there is no out of pocket costs for heirs with this program.
Underwater Real Estate – These are properties where the mortgage balance plus any liens or other fees is more than the properties resale value. We can help you through this complicated process. We will work with the mortgage servicer and lien holders to secure more time and often funds to relocate. We provide this service at no cost.
Set Aside – This is the process you go through when you would like to keep the property. This typically requires a payment to the probate attorney to complete the case. We can schedule a consultation and provide an estimate on the cost to complete a set aside probate.
Trusts – If the estate is in a trust, you may be able to bypass the probate process. However, this is not always the case. We will evaluate your situation determine if probate if needed.
How to Find the Right Guidance for Nevada Probate
Whether you’re facing a traditional probate process, dealing with underwater real estate, considering a set-aside option, or unsure if a trust applies, Estate Administration Services is here to help.
We offer free consultations to discuss your situation and recommend the most efficient and cost-effective approach for your unique circumstances. Contact us today and let our experienced team guide you through the Nevada probate process with confidence.