Efficient, Effective Representation For Probate And Estate Administration
Probate and estate administration can be a complex and difficult process, particularly when a person has not taken the time to create an estate plan. If your loved one left a valid will, the probate process can be less complicated and, in many instances, streamlined.
Unfortunately, many people avoid estate planning. After the passing of an individual, this omission will leave their family handling final affairs without any guidance or knowledge of the individual’s wishes. Additionally, these affairs will be subject to a complex, time-consuming and expensive process. Nevada’s intestacy laws, for example, dictate how a deceased person’s estate will be divided and distributed.
How A Probate Lawyer Can Help You
If your loved one has a properly drafted will, the assistance of a knowledgeable lawyer could make a difference to minimize costs and finish the probate process. While it is true that a will might simplify the probate process, it must be completed properly to ensure the distribution of your loved one’s property and the settlement of your loved one’s affairs (including taxes) in a timely and effective manner.
Law Office of J. Robert Parke, LLC, in Reno provides seasoned probate and estate administration for clients throughout northern Nevada. Mr. Parke handles all types of probate cases, ranging from simple estates with few assets to estates with property both in and outside Nevada, multiple property holdings in different states, commercial properties, or multimillion-dollar assets.
Probate And Estate Administration For Business Owners
Whether your loved one’s business was a corporation, limited liability company, partnership or sole proprietorship, working with an experienced attorney can help solve the complex equation of the probate process and possible obstacles for completion. Since 1990, Mr. Parke has helped business owners navigate this process, making every reasonable effort to protect their interests.
After the passing of a business owner, some of the common matters to address include, but are not limited to, the rights and obligations with respect to the following:
- Real estate
- Tangible personal property and intangible personal property
- Trade secrets
- Business equipment and machinery
- Lease agreements
- Buy-sell agreements
- Jointly-owned property
Depending on the nature of the business and if previous planning may prove insufficient, the court will establish who inherits a person’s business. This situation, in turn, may require more time and expense to get through the probate process.
Other obstacles in a probate process include inadequate provisions in an estate plan or the governing documents and agreements for the business. Under such circumstances, the court may have to determine relevant questions and direct things such as the payment of business debts and the management of the business for paying employees, vendors, landlords, tax authorities and others. The judge may also order the liquidation of the business to pay debts and ultimately close the business.
Work With A Seasoned Probate Lawyer
Confused about probate and estate administration matters? Law Office of J. Robert Parke, LLC, can help guide you through the process. Mr. Parke is well-versed in Nevada’s intricate probate laws. He can help your family move through the process as efficiently as possible. He also has extensive experience with handling out-of-area probate issues, multistate properties as well as multimillion-dollar properties.
Call the firm at 775-391-6494 or complete this online form to schedule an appointment. He is proud to serve clients from Gardnerville, Minden and the Lake Tahoe area.