Realtor commissions for buyers under Nevada Probate Code are now in question in the wake of the National Association of Realtors’ Settlement. Here is the issue in a nutshell: Nevada Revised Statutes (NRS) provide commissions are to be determined in accordance with the listing agreement and are Probate Court confirmed. But since the National Association [...] The post Buyer Commissions in Nevada Probate: NAR Settlement Conflict appeared first on Crest Key Probate Las Vegas, NV ..read more

Pinball Hall of Fame Museum ~ Revocable Living Trust ~ LEGAL CONCEPTS REVEALED Hi everyone. I’m Kirk Kaplan, and in this video I visit the Las Vegas Strip and specifically the Las Vegas Pinball Museum. In this video I spend a little time visiting the pinball machines and also I will talk a little bit about how you can fund your revocable living trust. I used to play the pinball machine, Captain Fantastic that I played it for hours on end and I literally was a pinball wizard. There was one instance I did overturn the point system and you could actually get more games as you win. As I play thi ..read more

A second marriage following a divorce or death comes with many legal considerations. Having another spouse may require one to change their estate plan. It may be an answer you’re not willing to deal with right now, especially after going through a happy moment like marriage. However, getting this handled will reduce any issues down the line for your new spouse and your children from a previous relation. Having an attorney that is experienced in preparation and adjustment for estates is essential. A lawyer from Crest Key Legal and Accounting can help you with all your second marriage estate pla ..read more

Your Living Trust is a Privacy Keeping, Probate and Guardianship Delay Avoiding, Attorney Fee Saving, and Keeping Courts out of your life technique; Don’t unintentionally get your family tangled up! This article has one theme, FUND YOUR TRUST with as much of your property as possible.  Just because you have a living trust, does not mean you automatically avoid probate or guardianship proceedings, you also have to fund your trust with your property.  Remember, you planned your estate to protect your family, not only against taxes, but against involvement of courts when you become inca ..read more

This blog post answers the question of applying Nevada probate law. Our firm is frequently asked about selling a house in probate in Nevada, or said another way, can an executor sell a house in probate?  In short, the answer is yes. The proper question is: how do you sell a house in probate? The answer will then help determine how long a probate takes in Nevada and what are the costs. At the start, the reader must understand there essentially are four (4) levels of probate in Nevada. Levels in this regard generally refer to net value of property deceased left behind subject to some probat ..read more

This blog post discusses the overriding harmful effects of defective estate planning upon blended families and how it can be prevented. It is written in active voice meant to get your attention to a pervasive way spouses and children in blended families over-ride estate plans of the uninformed.  The lessons learned here are meant to bring to the attention of the living what happens after death to an estate plan in a blended family. Stating the obvious is meant to be a punctuation mark at the end of a sentence that when you are dead, you no longer can learn.  After your death is when ..read more

Problems of Fiduciary Accountings in Probate Estates – Solved. Main Subject: Probate Sub-subject: Accountings Subject Statute(s): NRS §§150.080 and 150.110 Over the years a common theme repeats itself over and over in probates. Heirs/Devisees complain they do not know until the very end what their share of the probate estate is. They have this complaint despite the existence of Nevada law requiring an inventory and an account (if you can call it that) be published to heir/s devisees. During the probate process many heirs/devisees attempt at an educated guess based upon the an inventory pr ..read more

Nonjudicial settlement agreements in Nevada are a method to settle disputes between interested persons over administrations of irrevocable trusts without involvement of courts.  NRS §164.940 and §164.942 (2015) govern who must be involved and what disputes may be resolved to create an enforceable agreement.  In short, a nonjudicial settlement agreement is a method to amend an irrevocable trust. At the outset, the individual thinking about whether to implement a nonjudicial settlement agreement has to consider how much money is at stake. These types of agreements by nature demand each ..read more

Letters Testamentary are NOT just something you can simply visit with an attorney to get. They are not what the average person thinks – a letter from one person to another. Letters Testamentary is an official court document you present to a third-party, like a bank or a financial institution, showing you have authority to take control of and manage deceased’s assets subject to probate. Most third parties, such as banks and financial institutions, use the words “Letters Testamentary” generally to mean you must present to them “a document” proving you have authority on behalf of the estate of a ..read more

Starting now, September 2021, Debbie Conway, Clark County Recorder and her office, began offering an alert notification service of documents recorded against specific real property, a name, or parcel number. This service is free and is officially called “Clark County Recorder Notification Service.” How this helps you: Because most documents affecting title to real property, like deeds and other documents placing liens there upon (not all inclusive list), are recorded remotely and electronically  from anywhere in the world, title fraud has increased. One title company has been advertising ..read more