Do I need an attorney to
open a Probate or Administration?
Although you can maintain a probate
or administration yourself, it is strongly recommended
that you seek the assistance of an attorney who has
experience with estate matters. A qualified attorney
can guide you through the probate or administration
process (including proper notification of other potential
beneficiaries of the estate) and can be helpful if
a dispute arises with creditors or others potential
heirs.
Will the Executor need to
obtain a separate Tax Identification Number for the
Estate?
Yes. A Tax Identification Number
for an estate normally is required. You should not
use the deceased person’s social security number
in most cases. A Tax Identification Number for the
estate can be obtained from the Internal Revenue Service.
Can I become
the Executor or Administrator of an estate if I do
not live in Nevada?
Yes. The State of Nevada
does not impose restrictions on residency of an Executor,
but does require a non-resident Administrator to associate
a Nevada bank as a co-administrator.
How long does Probate or Administration
normally take?
In a routine probate proceeding,
you can expect a minimum probate period from 120 to
180 days. This allows for publication of creditor
notices and gives creditors time to file claims. However,
probate and estate administration often take much
longer if complications arise.
Is there a time limit for
starting Probate or Administration proceedings?
No. However, it is important to
begin as soon as possible so assets can be protected
and inventoried, final tax returns can be filed and
the debts of the estate paid.
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