Probate What is it?

Probate is a legal process that occurs after someone dies and their estate needs to be settled. If the deceased person had a will, the probate process involves proving the authenticity of the will and carrying out the instructions outlined in it. If the deceased person did not have a will, the probate process involves determining who is entitled to receive their assets and paying of any debts according to state laws. 

In Nevada There are several types of probates and processes. Here is a helpful link to a prabte flow chart provided by the Washoe County Courts he in Reno Nevada. Probate Flow Chart

In the context of real estate, probate can be particularly important because it involves determining who has the legal right to sell or transfer ownership of a property. If the deceased person owned real estate at the time of their death, that property may need to go through the probate process before it can be sold or transferred to a new owner.

The probate process can be complex and time-consuming, especially if there are disputes among the deceased person's heirs or beneficiaries. It is important to work with a qualified attorney who can help you navigate the legal requirements and ensure that the probate process is carried out correctly.

If you are involved in a real estate transaction that is subject to probate, it is important to be patient and understand that the process may take longer than a typical real estate transaction. You should also be prepared to provide documentation and other information as needed to prove your legal right to sell or transfer the property.

Overall, the probate process is an important legal step that must be followed when settling the estate of someone who owned real estate. By working with a qualified attorney and being patient, you can help ensure that the process is carried out smoothly and efficiently.

We recommend setting up a Trust to help protect your family from having to go through the Probate process. On Average a probate Attorney will charge anywhere from 3-7% of the value of the Estate. This costly process can be avoid by having a Trust. If you need a list of Recommended Attorneys please call/text or email us 775-450-1940 rberman@dicksonrealty.com