There are different types of administration under Nevada probate law. The amount of attorneys’ fees may depend on the size of the estate. The following is an overview of the different types of estate administration:
- Estates below $20,000 are able to file an Affidavit of Entitlement
- Estates below $100,000 may be set aside without complicated administration
- Estates greater than $100,000 (but not exceeding $200,000) require a Summary Administration
- Estates above $300,000 require a Full Administration
Nevada Revised Statute NRS 150.020 states the following:
There is usually a nominal fee for preparing an Affidavit of Entitlement. The charges relating to a petition for Set Aside are usually billed as a “flat fee”. Fees relating to Summary and Full Administration of Estates may be based upon an hourly or percentage basis. To the extent they are based upon a percentage, the Nevada Revised Statutes limit the fees as follows:
(a) For the first $15,000, at the rate of 4%
(b) For the next $85,000, at the rate of 3%
(c) For all above $100,000, at the rate of 2%
You should be aware that these percentages do NOT apply to extraordinary services. Extraordinary services include sales of real property and contested matters which will be billed at an hourly rate.
The Law Offices of Lee A. Drizin have managed hundreds of Nevada Probates. Our probate clients include both Nevada residents and residents from other states who have real property located in Nevada. Property generally must be probated in the state where the property resides. If your loved one has passed and left assets behind in Nevada, we can help you probate the assets both efficiently and cost-effectively.
Drizin Law is providing this information for educational purposes only. It should not be construed as legal advice or a legal opinion as to any specific facts or circumstances. This information is based on general principles of Nevada law at the time it was created and you should be aware laws frequently change. Moreover, the laws affecting you may differ depending on the circumstances. You should consult with a qualified attorney in your own state or jurisdiction concerning your particular situation. Review of this information does not create an attorney-client relationship.