Source: http://www.lasvegasprobatehelp.com/my-momdad-died-what-do-i-have-to-do/
Timestamp: 2017-12-13 05:10:18
Document Index: 377200400

Matched Legal Cases: ['§ 139', '§ 139', '§ 144', '§ 144', '§ 146', '§ 147', '§ 151', '§ 151']

My Mom/Dad Died. What Do I Have to Do? - Las Vegas Probate Help
My Mom/Dad Died. What Do I Have to Do?
What Personal Representatives Have to Do
Not everyone has the preparation or knowledge when it comes to dealing with the legal aspects of the death of a parent. When someone’s parent dies and they are obliged to take custody and dispose of the decedent’s property and assets, they may find themselves asking: “What do I have to do?” The first thing to do would be to retain an attorney experienced in probate practice for assistance, guidance, and advice.
The retained attorney probably would advise the bereaved client to find out whether the decedent had made a will. If a will exists, the attorney can advise the client about its apparent validity and enforceability. If the will nominates a personal representative as the proposed estate executor, they should deliver it to the nominee. In Nevada, “Any person having possession of a will shall, within 30 days after knowledge of the death of the person who executed the will, deliver it to the . . . court which has jurisdiction of the case or to the personal representative named in the will.” [1]
If the will names no personal representative or if no will exists and the estate nevertheless consists of substantial property or assets, a petition for probate should request “letters of administration” [2] for the client to act as personal representative of the decedent for estate administration purposes and requirements.
Within 60 days following appointment as administrator, the client should file with the court “a true inventory and appraisement or record of value of all the estate of the decedent.” [3] Debts and claims against the estate must be paid in the order of (1) administrative expenses, (2) funeral expenses, (3) last illness expenses, (4) family allowance, [4] (5) debts preferred by United States law, (6) money owed to Medicaid, (7) wage claims, (8) judgments against decedent, (9) mortgages, and “all other demands against the estate.” [5]
After payment or settlement of all taxes and approved claims as well as distribution of all remaining assets from an estate “fully administered” [6] to its heirs and beneficiaries, an “order of discharge” [7] imposes final settlement.
[1] Nevada Revised Statutes (NRS) Section (§) 136.050.
[2] NRS § 139.090. “Before letters are granted, the fact of death and that the decedent died intestate and that notice has been given . . . must be proved . . . The court may also examine the petitioner or any other person concerning the time, place and manner of death, the place of the decedent’s residence at the time of death, [and] the character and value of the decedent’s property,” NRS § 139.090.
[3] NRS § 144.010. The inventory must include “A statement of all receivables, partnerships, and other interests, bonds, mortgages, notes, and other securities for the payment of money . . . belonging to the decedent, specifying the name of the debtor in each security, the date, the sum originally payable, any endorsements with their dates, and the sum which, in the judgment of the appraiser, may be collectible on each debt, interest or security,” NRS § 144.040.
[4] “[T]he court may, if deemed advisable considering the needs and resources of the surviving spouse, minor child or minor children, make such reasonable allowance out of the estate as is necessary for the maintenance of the family . . . during the progress of the administration of the estate, which, in case of an insolvent estate, may not be longer than 1 year after granting letters of administration,” NRS § 146.030
[5] NRS § 147.195.
[6] NRS § 151.230.
[7] NRS § 151.230.