Nevada set aside estate without administration

tzoo.23087.0.959465.ValleyofFire-Nevada-iStock-1151192650.jpg

You may set aside an estate without administration if the assets total less than $100,000. If the estate includes real estate, the mortgage debt can be subtracted from the value of the estate to calculate the estate value. 

Without administration means that an executor is not appointed, and instead, the court “sets aside” the estate to the rightful heirs in one step. 

Therefore, if there are many debts, the possibility of litigation, or you wish to sell the real estate rather than setting it aside (such as when there are multiple heirs), you may want to file a probate that includes administration (like a summary administration) to have an executor appointed who can take these steps.

Previous
Previous

Inheriting a house with a mortgage or liens

Next
Next

Types of Probate in Nevada