Nevada: Handling Mortgage Payments and Utilities While an Estate Is in Probate
Detailed answer Short overview: When someone dies in Nevada and their estate enters probate, the estate’s personal representative (sometimes called an executor or administrator) steps into a fiduciary role. The representative must preserve estate property, pay valid debts and administration expenses from estate funds when possible, and handle ongoing obligations such as mortgage payments and […]
Read article →Nevada: How to Decide Which Assets to List on a Small Estate Affidavit
Understanding Which Assets to List on a Nevada Small Estate Affidavit Detailed Answer When someone dies in Nevada, a small estate affidavit can let certain heirs or successors collect personal property without a full probate administration. Before filling out any form, confirm that the estate qualifies under Nevada rules and that you are an authorized […]
Read article →How to Find a Missing Parent as Next-of-Kin During Probate in Nevada
Finding a Missing Parent as Next-of-Kin During Nevada Probate Quick answer: Start by collecting all known identifying information, search public and private records, contact likely relatives and agencies, use court procedures (including notice by publication) if you cannot locate the parent, and consider hiring a private investigator or working with an attorney if needed. Nevada […]
Read article →Nevada: Do Survivorship Assets Go on a Probate Inventory?
Overview This FAQ explains whether you must list assets that passed to your mother by right of survivorship on a Nevada probate inventory. It covers how survivorship property, joint accounts, and beneficiary-designated assets are treated under Nevada law, practical steps to take, and common pitfalls. This is educational only—not legal advice. Consult a Nevada attorney […]
Read article →Nevada: How to Confirm a Bank Account Is Under the $20,000 Small‑Estate Limit
How to confirm whether a bank account qualifies for Nevada's $20,000 small‑estate process Short answer: To use Nevada’s small‑estate affidavit you must confirm the decedent’s total personal property subject to probate (often including bank account balances) does not exceed $20,000. Do this by obtaining the account balance as of the decedent’s date of death, checking […]
Read article →Using a Small Estate Affidavit in Nevada to Collect a Deceased Parent's Bank Account
Disclaimer: This article provides general information about Nevada law and is not legal advice. Consult a Nevada-licensed attorney for advice about your specific situation. Detailed Answer — Using a Nevada small estate affidavit to collect a decedent's bank account When a person dies owning a bank account titled only in their name, Nevada law lets […]
Read article →Nevada — Do I Need to File a Federal Estate (Form 1041) Return If No Distributions Were Made?
Short answer Maybe. Under federal law, an estate must file a fiduciary income tax return (Form 1041) when the estate itself has gross income of $600 or more in a tax year or if any beneficiary is a nonresident alien — regardless of whether the estate made distributions to beneficiaries. Nevada has no personal income […]
Read article →Nevada: How to Transfer Brokerage Account Assets into an Estate Checking Account
How to transfer brokerage account assets into an estate checking account in Nevada Quick answer: Whether assets in a brokerage account go into the estate checking account depends on how the account is titled. If the account has a beneficiary designation or transfer-on-death registration, the broker usually pays or re-titles assets directly to the named […]
Read article →Selling a Co-Owned Property in Nevada to Cover Funeral and Property Tax Expenses
Detailed Answer This section explains, under Nevada law, how co-owners can sell shared real property when funds are needed to pay funeral costs and property taxes. This is an overview only and is not legal advice. Consult a Nevada attorney about your specific situation. Step 1 — Confirm who owns what First, check the title […]
Read article →Nevada: How to Determine Where a House Sale’s Proceeds Will Be Distributed
Understanding Where Sale Proceeds from a House in Nevada Will Go Short answer: The closing statement (escrow/title closing) shows exactly how sale proceeds are distributed. Who actually receives money depends on who owns the property and what recorded debts or claims (mortgages, liens, HOA assessments, taxes) must be paid first. If the seller is deceased, […]
Read article →