Probate
Probate
Ethan Kottler has more than two decades of experience filing probate matters in Las Vegas and Reno. He has intimate knowledge of all the inner working of the Courts and also has the necessary connection in the professional community to get your probate accomplished in an efficient and cost-effective manner.
What is probate? Simply put, probate is the legal process by which the title and ownership of assets are transferred to the heirs of the decedent. Along the way, it is necessary to inventory the estate, notify and satisfy all creditors of the estate, sell assets if necessary, resolve any outstanding tax issues, and then distribute the estate to the heirs of the deceased person. From successfully having litigated contested probate trials to performing a simple transfer of a small estate, Ethan Kottler has the experience to assist you no matter the level of complexity of your situation.
I look forward to serving you and taking care of your family’s estate so that you can focus on the emotional needs of your family. From successfully having litigated contested probate trials to performing a simple transfer of a small estate, Ethan Kottler has the experience to assist you no matter the level of complexity of your situation.
What does probate cost?
The cost of a probate typically depends on the nature and value of the assets of the estate. By Nevada law, attorney fees are paid as follows:
Percentage of the “net probate estate” according to the following table, pursuant to NRS 150.060:
| First $100,000.00 | 4% |
| Next $100,000.00 | 3% |
| Next $800,000.00 | 2% |
| Remainder | 1% |
The net probate estate is calculated after the reduction of any liens such as a mortgage. So an estate with a $300,000 house that has a $100,000 mortgage would cost $7,000.00. There may be other costs such as the costs of selling a house in probate. Estates consisting of less than $100,000.00 are done as a flat fee. Please contact us for pricing as each situation is unique.
FAQ’s for probate and estate planning.
It depends. It usually takes a few months to get someone appointed as the administrator or person in charge of the estate. Thereafter, a notice to all potential creditors of the estate is published. If the estate is under $300,000.00 in value this time period is 6o more days. If the value of the estate is over $300,000.00 then the notice period is 90 days. So long as there is no house to sale the estate can be closed after this period. The whole process can take as little as six months or as long as a year or more if beneficiaries are in a dispute.
Well, if the decedent’s estate was kept in a trust, then no probate is needed. Other assets such as life insurance and retirement accounts already have a beneficiary designated and no probate will be needed for those assets.
No. So long as there are assets in the estate we can take our fees from there when the case finishes, effectively meaning you will not pay anything out of pocket. We pay all the costs up front and recoup them at the end of the case.
So long as there is a house or land in Nevada, it does not matter. A probate will have to be opened here.
The estate will pass through intestate succession. This means the estate will pass from a spouse to a surviving spouse, then to children, then to other relatives more distant if there are no children.