Get Help in Probate Matters From Las Vegas Probate Lawyers

Probate Process Lengthy and Confusing

The goal of the probate process is to marshal the decedent’s assets, provide payment for valid debts and expenses, and distribute the estate according to the decedent’s will or by the laws of the State of Nevada.

Wood Law Group has the expertise to effectively and efficiently represent clients in estate administration and probate matters, whether or not there is a will.

The law firm of Wood Law Group has the experience and knowledge to handle all aspects of probate administration, including:

• Filing the necessary paperwork with the court

• Identifying and appraising assets

• Paying debts and taxes

• distributing assets to beneficiaries

We understand that the probate process can be lengthy and confusing, and we are here to help. Contact our estate planning attorneys today for a free consultation.

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

Probate can be a daunting task, especially for families 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 by the laws of the State of Nevada.

Probate attorneys wear many hats, but their primary role is 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 in Las Vegas from the decedent’s estate to the next generation.

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 a 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 must be reviewed, paid, or rejected.

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

The entire probate process can take anywhere from a few months to a few years to complete, depending on the size and complexity of the estate. Whether the estate is simple or complex, the personal representatives have a fiduciary duty to the estate and must follow the letter of the law.

This is where having an experienced probate attorney by your side can be invaluable.

Things to Consider When Choosing a Probate Lawyer

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

• Find an attorney in Las Vegas, NV, with years of experience in business planning, 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 with broad and relevant experience with probate for estates of a similar size. The estate may include investments, money, and property.

How Much Does Probate Cost?

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 proceeding will take, they will estimate an amount based on that.

Average Cost of a Probate Attorney in Southern Nevada

• The legal fees for probate can vary depending on the value of the estate’s assets.

• 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:

• 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

Working with an experienced Las Vegas probate attorney can help you generate a good plan for the future when you aren’t around to take care of your loved ones. It is best to consult with a skilled attorney before the time comes and understands your available options and outcomes of each to identify what is best for you and your loved ones that would take care of them once you aren’t around.