Going through the process of drafting a will provides the courts with a roadmap of your wishes about the distribution of your assets. However, this roadmap does not necessarily make the probate process easy. Nevada probate law addresses more than just the distribution of assets. Since it deals with debt, taxes and other issues, an attorney with extensive experience in probate administration is a virtual necessity in protecting the rights of heirs.
Anyone can contest a will up to three months after it is admitted to probate, in accordance with the Contests of Wills legislation in Nevada. Previously unidentified creditors can use this time to stake claims for outstanding debt owed by the decedent at the time of death. Virtually anyone can claim the will is invalid — by citing duress, or undue influence, during the drafting of the will or by questioning the validity of the signature.
In addition to will contests, the personal representative of the decedent must pay outstanding taxes and other expenses, and take in income from investments and other sources up until the courts finalize the probate process. These financial activities require detailed accounting, and they all affect the bottom line of the estate — and the availability of assets for distribution to intended heirs. An experienced Las Vegas probate attorney provides essential support, to guide the personal representative through all required legal processes.
With more than three decades of experience as a probate law firm, Tyrell Law, PLLC has built an outstanding reputation for helping guide clients through the legal issues pertaining to their estates. Contact us to learn how we can help you.
Q: What is estate planning?
A: Estate planning involves agreements and documents defining arrangements for transferring ...