If your loved one has died, his or her Nevada estate must go through a specific legal process before the distribution of assets. Whether the person in question was your spouse or parent, if you are assisting in making sure of the proper administration of the estate, you may want to seek guidance from someone who is knowledgeable in Nevada estate laws. While you are not required to consult with a probate attorney, it is a good idea to do so because it can help you avoid several mistakes.
This might be especially true if your loved one’s estate has a high-net-worth value. How complex the probate process might be also hinges on whether your loved one executed a will or died without having an estate plan in place. Several issues might cause you to encounter challenges, particularly if it is your first time handling probate issues.
A probate attorney understands tax laws that might be relevant
Tax issues can be complex regarding a loved one’s estate. One of the mistakes people often make when they don’t hire a probate attorney is not seeking clarification of tax laws ahead of time. They might think they are inheriting a certain amount of money, only for massive estate taxes to hit them. Had they first sought legal guidance, they may have been aware of any and all tax issues that would affect the estates in question.
You might overlook an important legal document
There is often a ton of paperwork involved in administering a loved one’s estate. Without experienced legal guidance, people often overlook required documents or fail to fill out necessary forms, which can then delay the probate process. With an attorney on hand to provide support, you can be confident that you will have all necessary documents in order.
Avoid mistakes regarding the transfer of assets
Any number of legal complications may arise when the time comes to transfer assets of your loved one’s estate to beneficiaries. If a dispute occurs because someone has challenged the will, it can be difficult to resolve the problem without assistance from an experienced probate law attorney. Whether you are the one issuing the challenge or are acting in the capacity of executor or administrator, there’s no need to try to handle a legal disagreement on your own.
Making sure that your loved one’s wishes are carried out
When someone you love has died, it is only natural to want their wishes carried out according to instructions written in his or her estate plan. By hiring a probate law attorney, you can avoid many mistakes that can cause delays or prevent you from receiving the inheritance that your loved one intended for you.