How Probate Works
Probate is the legal process of gathering a deceased person’s property and transferring it to creditors and heirs, as well as settling any of the decedent’s other remaining affairs.. Except for very small estates, the probate process is supervised by a judge in probate court. It’s the judge’s job to make sure that everything in the estate is handled properly and according to law.
Types Of Probate In Nevada
There are different levels of probate in Nevada depending on the dollar value of the decedent’s estate. Smaller estates get to go through simplified probate proceedings that cost less and close much faster than the full-blown probate process used for larger estates.
Here are the four levels of probate proceedings in Nevada:
Affidavit of Entitlement: Estate’s worth less than $25,000 that do not include any real estate. Surviving spouses can use an Affidavit of Entitlement for estates that are worth less than $100,000 (and do not include any real estate).
Set Aside: Estates with a net value of less than $100,000;
Summary Administration: Estates with a net value of less than $300,000;
General Administration: All other estates (this full blown probate)
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