When someone drafts an estate plan, they will pick an estate executor or an estate administrator. The documentation from the estate plan tells the administrator what the deceased person wanted to have happened with their assets. But it is up to the administrator to...
As people age, their physical capabilities and health often change. Previously independent adults may become dependent on others for their basic daily needs. They may need support following medical instructions or maintaining their homes. In some cases, they require...
We don’t like to think about our mortality, but we will inevitably die someday. Many of us have loved ones, and we worry about what will happen to them when we are gone. Many believe a will is sufficient for their needs. However, a comprehensive estate plan can offer...
The personal representative of a Nevada state is the individual technically responsible for overseeing estate administration. Their position requires trust, as they manage and distribute the personal resources of someone else. They need to put their own wishes and...
The process of estate administration in Nevada can be relatively intense. The decedent may have named an executor in their documents, or the probate courts may need to assign a personal representative to manage the estate. That individual must then review the estate...
Probate is a crucial legal process that most individuals and families navigate following the passing of a loved one. It is designed to oversee the distribution of the deceased individual's assets, settle their outstanding financial obligations and ensure compliance...
If you are named as the executor in your parent's or spouse's estate plan, you are probably honored that they trust you to handle such an important responsibility. At the same time, if you have never served as an executor before, you are facing an unknown and...
As the executor or personal representative of an estate in Nevada, you have a lot of work ahead of you. You’ll have to send notice to creditors, communicate with beneficiaries and attend probate court proceedings. It will be your responsibility to manage estate assets...
If you are a beneficiary of a piece of property going through probate, you should understand that the process can sometimes be lengthy. Probate can last anywhere from several months to years, depending upon the relevant issues surrounding the estate in probate. ...