passing assets to the next generation

Get Help in Probate Matters From Las Vegas Probate Lawyers

Turn to the top-rated Las Vegas probate lawyers at Wood Law Group for the dedicated legal assistance in the probate process you need during this challenging time.

Probate Can be a Lengthy and Confusing Process

The goal of the probate process is to marshal the decedent’s assets, provide payment for valid debts and expenses, and distribute the estate pursuant to the decedent’s will or in accordance with the laws of the State of Nevada. Wood Law Group has the expertise to effectively and efficiently pass assets from the decedent’s estate to the next generation.

Elderly couple estate planning

Passing Assets to the Next Generation With the Help of Our Las Vegas Probate Lawyers

Probate can be a daunting task, especially for family and loved ones facing the aftermath of a loss. Probate is a term used for the legal process in which your estate and assets will be distributed by Court order after your death among the rightful beneficiaries. The goal of probate is to marshal the assets of the deceased person, provide payment for valid debts and expenses, and distribute the estate pursuant to the decedent’s will or in accordance with the laws of the State of Nevada.

Probate attorneys wear many hats, but the primary role they play is in helping survivors navigate the probate process. What this looks like will depend primarily on whether or not the deceased had drafted a last will before their death. No matter the circumstances, Wood Law Group has the expertise to effectively and efficiently pass assets and estate planning Las Vegas from the decedent’s estate to the next generation.

Passing Assets to the Next Generation With the Help of Our Las Vegas Probate Lawyers

How Does Probate Work in Las Vegas, NV?

Whether the decedent has a will or not, the court will appoint a family member or close associate to act as personal representative of the Decedent’s estate. This person is tasked with collecting the assets and following the rules laid out by the Court. Proper notices must be filed, and creditor claims filed must be reviewed and paid or rejected.

Once all the assets have been discovered and collected, the personal representative will need to prepare an accounting of everything collected and spent. With Court approval, the personal representative is allowed to distribute the assets to the heirs/beneficiaries of the estate.

How Does Probate Work in Las Vegas NV

Do I Need to Hire a Probate Attorney in Las Vegas?

If you are wondering whether a probate attorney is right for you, here are a few points that could help you decide instead of wandering into law offices.

1. Keep the Family Members From Conflict

There will always be needless conflicts among family members about deceased assets, property, and the like. Every member will want to be part of the legal process, but the thing is, the more people get on board, the more conflicts will arise among them.

Having a probate attorney will help you avoid such conflicts among your family members, thereby minimizing estate disputes. Probate attorneys work diligently to eliminate any potential conflicts and clarify any questions that may arise among family members.

2. Access the Estate Faster

The process of trying to probate an estate can range from three months to more than a year. No one can access the estate, property, or assets until the whole process is over. Having a probate attorney by your side can make the process a bit faster.

3. Prevent Claims Against the Estate

It is normal to find at least one person in the family who will try to claim against the estate. An attorney will eliminate such claims and protect the estate assets against persons who may wish to take advantage of the situation for their personal gain.

4. Handle All Debts and Taxes

The deceased may have left a few debts, and taking care of such financial responsibilities can be a daunting task. Much time will be spent trying to pay up all the debts and estate taxes that may not have been settled. An attorney may offer you legal advice on handling such debts and how to complete tax returns for the decedent.

5. Answer Questions

Probate law is quite complex, and the family will likely have many questions. A lawyer will be responsible for answering questions you or the family may have and paving the way forward on such probate issues if they arise.

Things to Consider When Choosing a Probate Lawyer

Let’s have a look at the qualifications one needs to consider to avoid costly mistakes when hiring a probate attorney.

  • Find an attorney in Las Vegas, NV, who has years of experience in business planning and probate matters and trust administration with general administration.
  • It is best to find someone who has a narrow focus on probate law.
  • Check the online reputation of the attorney before the consultation. Although one or two negative reviews are fine, if 50% of reviews are negative, you might need to think twice.
  • Find an attorney who has broad and relevant experience with probate for estates of a similar size. The estate may include investments, money, and property.
Qualifications of a Probate Lawyer in Las Vegas Things to Consider When Choosing a Probate Lawyer

How Much Do Probate Attorneys Charge?

Most lawyers in the Clark County, North Las Vegas area charge by the hour. The hourly rates will significantly depend on how much training and experience the lawyer has. Large law firms will typically charge more than the sole practitioners.

Some may opt for flat fees, especially if hourly billing is a hassle for your particular type of case. Since they have a good idea of how long an average probate work and probate proceedings will take, they will estimate an amount based on that.

How Much Do Probate Lawyers Charge

Average Cost of a Probate Attorney in Southern Nevada

  • The legal fees for probate can vary depending on the value of the assets of the estate.
  • Nevada has set rules on the administration requirements based on the net value of the assets.
  • If the net value of the assets is valued at less than $100,000, the process will be significantly different than estates valued at $500,000.

Wood Law Group offers free consultations, whether in person or over the phone, to discuss which level of probate is right for you and the corresponding fees the process involves.

Top Probate Attorneys in Las Vegas

Probate can be emotional and overwhelming, especially if the deceased had not left a will or had a poorly drafted will which can be challenging to interpret and distribute evenly among family members. Probate is a major part of our limited range of practice areas. As your probate attorneys, we may help you with the following:

Top Probate Lawyers in Las Vegas
  • Accounting for estate assets
  • Petitioning the probate court
  • Completing tax returns and distribution of the remaining estate assets
  • Availing for probate proceedings in court
  • Resolving any other probate issues that arise

Contact our law office in Las Vegas, Nevada, today for a free consultation on probate proceedings and begin moving forward. We look forward to making this challenging time a bit easier for you.

Answers to

Frequently Asked Questions About Probate

How does probate work?
Whether the decedent has a Will or not, the court will appoint a family member or close associate to act as personal representative of the Decedent’s estate.

This person is tasked with collecting the assets and following the rules laid out by the Court.

Proper notices must be filed and creditor claims filed must be reviewed and paid or rejected.

Once all the assets have been discovered and collected, the personal representative will need to prepare an accounting of everything collected and spent.

With Court approval, the personal representative is allowed to distribute the assets to the heirs/beneficiaries of the estate.

How much does probate cost?
The legal fees for probate can vary depending on the value of the assets of the Estate.

Nevada has set rules on the administration requirements based on the net value of the assets.

If the net value of the assets are valued at less than $100,000 then the process will be significantly different than if the assets were valued at $500,000.

Wood Law Group offers free consultations whether in person or over the phone to discuss which probate level of probate is right for you and the corresponding fees associated.