What Happens If You Die Without A Will in Nevada?
If you die without a valid will in place, your property will pass through what is referred to as “intestate succession.” The purpose of intestate succession is to distribute your assets in a way that closely reflects how the average person would typically design their estate plan. Unfortunately, this may differ drastically from your actual wishes. In order to ensure your belongings are distributed according to your wishes, you’re going to need to create a will.
The intestate succession laws may be different for every state. In Nevada, only assets that would typically pass through a will are subject to the state’s intestate succession laws. This usually includes assets that are titled in the descendent’s name only.
How Are Intestate Assets Distributed?
Under Nevada’s intestate succession laws, who gets what is dependent upon which relatives are living at the time of your death. This includes your spouse, children, parents and other close relatives.
Since Nevada is a community property state, your spouse will inherit any community property and a portion of your separate property. The portion will vary based on which other family members survive.
Do yourself a favor and avoid the stress of “what if” by taking a few necessary steps to document your wishes and protect your estate. Robert L. Bolick is compassionate, accomplished estate planning attorney with over 30 years of experience helping individuals and families carefully plan their estates. He provides customized estate planning services to meet your individual needs and the needs of your family.
Learn More About Nevada’s Intestate Laws
Are you afraid of what might happen if you or a loved one dies without a will? Schedule a free consultation today with an experienced wills lawyer in Las Vegas, NV.