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 $200,000 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.
The death of a family member or friend is an extremely difficult situation to go through, adding to that is the complex process of administering a decedent’s estate. Grieving is the hard part but the probate process should not be. Our Las Vegas Probate Lawyers are here to help guide you through the challenging probate process. Please call our law firm for a free consultation with an experienced Nevada Probate Attorney at 702-798-4955.