(2) Assets Set Aside without Administration Nevada has five different possibilities for probate administration depending on the value of the estate: Probate is the court-supervised process of distributing the estate of a deceased person. In addition to providing the opportunity to direct asset distribution, a Nevada last will and testament also allows the testator to make a charitable gift, create a trust for any person, name a legal guardian for minor children, or create a “ pet trust” in order to provide for the care of an animal after its owner’s death.īefore the terms of a Nevada last will and testament can be effectuated, the will must be proven in probate court. Because the outcome may not coincide with the decedent's wishes, it is generally advisable to create a last will and testament. Not to be confused with a will, a Nevada living will provides instructions should you become incapacitated and incapable of making decisions regarding your medical care.Īlthough a last will and testament is not legally required, without a will, the laws of intestacy determine the distribution of an estate's assets.
Nevada wills permit the testator, the person writing the will, to provide for a spouse, children, other loved ones, and pets after his death as well as to name a personal representative for the estate. A last will and testament is an important step in planning the distribution of your estate (real and personal property) upon your death.
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