Probate

The assets subject to the probate administrative process in probate court, or probate assets, are those assets held in soley the decedent’s name at the time of his or her death. Probate assets are also those assets that were owned solely be the decendent and that have no provision for an automatice transfer in ownership through succession, once the person dies.

Types of Probate Administration in Nevada:

• An estate may or may not need administration to be settled, depending on the size of the estate.

• Estates below $25,000 may only need to file and Affidavit of Entitlement (aka Small Estate Affidavit).

• Estates below $100,000 may be set aside without complex administration.

• Estates greater than $100,000 and not exceeding $300,000 require an abbreviated summary administration.

• Estates greater than $300,000 require full administration.

Assets subject to probate:

• The assets subject to the probate administrative process in probate court, or probate assets, are those assets held in solely the decedent’s name at the time of his or her death. 

• Probate assets are also those assets that were owned solely by the decedent and that have no provision for an automatic transfer in ownership through succession, once the decedent dies.