When someone passes away, leaving an estate valued between $100,000 and $300,000 in Nevada, it goes through summary administration.
This process typically takes 6-9 months and requires legal guidance.
Let's walk through exactly what happens and what you can expect.
What is Summary Administration?
Consider summary administration a middle-ground probate process, not as quick as small estates but not as complex as larger ones.
Every step follows a specific order, and understanding this timeline helps you know what to expect.
Getting Started: Appointing an Administrator
The first significant step is appointing someone as the estate's administrator (a personal representative).
This is necessary because nobody has the legal authority to handle their affairs when someone dies until the court appoints someone.
This initial step takes about 5-6 weeks from filing to the hearing date, though timing can vary.
The Power of Letters of Administration
After the court hearing, the administrator you have appointed will receive two important documents: a court order appointing them and the letters of administration. These documents are important as they are key to managing your estate.
Without these documents, they won't be able to access bank accounts, manage real estate, hire realtors, sell property, or handle investments.
Think of these letters as the official authorization for your administrator to act on behalf of the estate.
Here are the essential steps to take after receiving the letters:
Contact all financial institutions.
Access and inventory all accounts.
Begin managing the property.
Start the asset valuation process.
Dealing with Creditors
Once the administrator is appointed, the process of notifying creditors begins. Your attorney will publish notices in newspapers and send them to known creditors.
Your creditors then have 60 days to submit their claims. During this time, the administrator reviews each claim and decides whether to accept or reject it based on its validity.
Managing Estate Assets
While creditor notices are pending, the administrator begins the detailed work of managing estate assets. This includes documenting everything, maintaining properties, and preparing assets for potential sale.
All funds from any sales or liquidations go into a trust account and stay there until probate concludes, a crucial point many heirs initially don't realize.
Final Distribution Order
After probate, the judge will issue orders for final distribution.
The process follows a specific order: first, paying creditors; second, settling administrator and attorney fees; and finally, distributing the remaining assets to heirs according to the will or Nevada law.
Prevention Planning
Want to help your family avoid this process entirely? Consider creating a living trust, adding beneficiaries to accounts where possible, or using joint ownership strategies.
Regular estate plan updates ensure your preparations remain effective as laws and circumstances change.
Need help with summary administration? Schedule a free consultation to understand your next steps.
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