{"id":374795,"date":"2017-10-09T17:18:31","date_gmt":"2017-10-09T22:18:31","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/state\/nevada-law\/nevada-estate-planning-laws.html"},"modified":"2023-10-04T10:48:55","modified_gmt":"2023-10-04T15:48:55","slug":"nevada-estate-planning-laws","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-estate-planning-laws.html","title":{"rendered":"Nevada Estate Planning Laws"},"content":{"rendered":"\n<div class=\"wp-container-core-columns-is-layout-9d6595d7 fl-sectionWithSidebar fl-container fl-flex fl-flex-wrap fl-gap30\">\n    \n    <div class=\"fl-page-articles fl-section-main fl-section-main-full-width\">\n        <div\n    data-testid=\"fl-general-title\"\n    class=\"fl-general-title fl-flex fl-gap20 fl-items-end\"\n>\n    <div class=\"fl-general-title-heading fl-flex fl-flex-column\">\n        <h1\n            class=\"fl-h1 fl-general-title-title fl-no-spacing\"\n            data-testid=\"fl-general-title-title\"\n        >\n            Nevada Estate Planning Laws\n        <\/h1>\n        <p\n            class=\"fl-general-title-description fl-text-xl fl-no-margin\"\n            data-testid=\"fl-general-title-description\"\n        >\n            Learn about your state&#8217;s laws by using the links below.\n        <\/p>\n    <\/div>\n<\/div>\n\n<section class=\"fl-gutenberg-byline\">\n    <div class=\"fl-gutenberg-byline-content\">\n                    By <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/susan-buckner-j-d\/\">Susan Buckner, J.D.<\/a> | Legally reviewed by <a\n                href=\"https:\/\/www.findlaw.com\/company\/our-team\/bridget-molitor-jd\/\">Bridget Molitor, JD<\/a>\n                | Last updated\n        <time>\n                            October 04, 2023\n                    <\/time>\n    <\/div>\n\n    \n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-legally-reviewed\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Legally Reviewed\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>This article has been written and reviewed for legal accuracy, clarity, and style by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\">FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with <a href=\"https:\/\/www.findlaw.com\/company\/company-history\/editorial-policy.html\">our editorial standards<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n\n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-fast-checked\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Fact-Checked\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>The last updated date refers to the last time this article was reviewed by FindLaw or one of our <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/contributing-authors.html\">contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please <a href=\"https:\/\/lawyers.findlaw.com\/?fli=bylinelink\" target=\"_blank\" rel=\"noopener\">contact an attorney in your area<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n<\/section>\n<p>Nevada is one of the best states to live for people who want to protect their assets and pass them along to family members in the future. Nevada laws are very different from most other states concerning wills and trusts. This is important when you want to protect your assets, provide for your family, and ensure your wishes are met when you&#8217;re unable to communicate them yourself.<\/p>\r\n<p>FindLaw&#8217;s section on Nevada estate planning laws describes these laws in detail, with links to the most recent Nevada state codes.<\/p>\r\n<div id=\"readmore\"><h2>Nevada Wills<\/h2>\r\n<p>Although writing your last will and testament sounds like something your great-grandfather did, it&#8217;s just as important now as it was a hundred years ago. Your &quot;last will&quot; may not be a final document, depending on when you make it, but you should have something that tells your loved ones how you want your property divided after your death.<\/p>\r\n<p>There are&nbsp;<a href=\"https:\/\/www.findlaw.com\/forms\/estate-planning\/estate-planning-package.html\">DIY estate planning options<\/a>&nbsp;available for simple wills. If your situation is more complex, you should consult legal counsel before completing your will.<\/p>\r\n<h3>What Makes a Nevada Will Valid?<\/h3>\r\n<p>In Nevada, as in every state, there are&nbsp;<a href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-wills-laws.html\">specific requirements<\/a>&nbsp;for a valid will. If you don&#8217;t follow them, your will can be contested, or challenged, after you die.<\/p>\r\n<p>In Nevada, a will must:<\/p>\r\n<ul>\r\n<li>Have two witnesses who are not beneficiaries. Spouses or adult children who may inherit in your will cannot witness your signature.<\/li>\r\n<li>Be &quot;self-proving,&quot; that is, the two witnesses must witness your signature and then witness each other&#8217;s signatures.<\/li>\r\n<li>Be a hard copy. Nevada will not recognize an electronic will.<\/li>\r\n<\/ul>\r\n<h2>Nevada Trusts<\/h2>\r\n<p>A trust is a method of granting assets and property to beneficiaries without a will. Nevada state laws recognize several types of trusts.<\/p>\r\n<p>The person making the trust (the &quot;grantor&quot; or &quot;settlor&quot;) designates property for the trust. The trust must have a trustee and at least one beneficiary. The trustee manages the trust property while the settlor is alive, according to the settlor&#8217;s trust directives. After the settlor&#8217;s death, the trustee distributes the property based on the settlor&#8217;s wishes.<\/p>\r\n<p>There are a few types of trusts:<\/p>\r\n<ul>\r\n<li>A revocable living trust&nbsp;is the trust most people think of when they consider making a trust. You can alter this trust during your lifetime. The settlor can be a beneficiary and the trustee if there is an alternate trustee and at least one other beneficiary.<\/li>\r\n<\/ul>\r\n<ul>\r\n<li>An irrevocable trust&nbsp;usually cannot be changed. A living trust becomes irrevocable upon the settlor&#8217;s death, but some living trusts are also irrevocable prior to death. Irrevocable trusts avoid estate taxes or court judgments. Special needs trusts, which provide income for individuals who receive government benefits, are a type of irrevocable trust. These trusts are also used for minor children who have their own income, and so-called \u201cspendthrift&quot; trusts to prevent access by certain individuals.<\/li>\r\n<\/ul>\r\n<p>Nevada law allows irrevocable trusts to be decanted rather than modified through court order. Decanting lets the trustor, trustee, and beneficiaries &quot;pour&quot; the trust assets into a new trust with new directives, creating a new trust. This requires the services of an estate planning attorney who specializes in modifying trusts<\/p>\r\n<h2>Powers of Attorney<\/h2>\r\n<p>Power of attorney laws in the state of Nevada let your agent make decisions for you if you cannot make your wishes known. Every adult should have a power of attorney. While you may be healthy today, it is impossible to predict when you may be in an accident or otherwise incapacitated.There are two types of powers of attorney in Nevada:<\/p>\r\n<ul>\r\n<li><b>General or financial durable power of attorney:<\/b> This document allows you to choose a person (agent) to act for you in financial, real estate, and personal matters.<\/li>\r\n<li><b>Power of attorney for healthcare:<\/b> This document allows you to name someone to make healthcare decisions on your behalf.<\/li>\r\n<\/ul>\r\n<h2>Estate Planning and Probate<\/h2>\r\n<p>A comprehensive estate plan helps you avoid probate. Probate is the court process determining the value of an estate and who has the right to the decedent&#8217;s personal property and real estate. Then, it distributes the assets to heirs and creditors. Nevada probate courts typically take six to eight months to open probate once the personal representative files.<\/p>\r\n<p>If the decedent died&nbsp;<a href=\"https:\/\/www.findlaw.com\/legalblogs\/law-and-life\/what-happens-if-you-die-without-a-will\/\">intestate<\/a>&nbsp;(without a will), the process can take longer because the court must appoint a personal representative. Nevada intestacy laws resemble those of other states, and most property goes to surviving spouses and children. If you do not want your property to go to your spouse and children, or you want specific items to go to certain people, you must have a will.<\/p>\r\n<p>A trust avoids probate by letting the trustee distribute property and pay estate taxes and creditors directly from the trust. The court does not need to assess the property value because the trustee has already done this. Nevada probate law is unique in having a 365-year Rule Against Perpetuities, meaning multiple generations can inherit the same property.<\/p>\r\n<h2>Finding an Estate Planning Lawyer<\/h2>\r\n<p>Whether you want to write your own will or need legal advice on setting up a complex trust, you should have the services of a&nbsp;<a href=\"https:\/\/lawyers.findlaw.com\/estate-planning\/nevada\/\" target=\"_blank\" rel=\"noopener\">Nevada estate planning attorney<\/a>. You need someone who knows the unusual Nevada wills and trust laws, and can guide you through the correct processes to make your estate planning accurate and legal.<\/p>\r\n<\/div>\r\n\n<div class=\"categoryContainer container responsivegrid\">\n            <h2>Learn About Nevada Estate Planning Laws<\/h2>\n    \n    <div class=\"grid category-container-grid\">\n            <div class=\"g-col-12 g-col-md-6\">\n        <ul class=\"nav-links fl-list-style-none fl-no-margin-horizontal\">\n                            <li>\n                    <h3>                                                    <a title=\"Nevada&#x20;Durable&#x20;Power&#x20;of&#x20;Attorney&#x20;Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-durable-power-of-attorney-laws.html\">\n                                Nevada&#x20;Durable&#x20;Power&#x20;of&#x20;Attorney&#x20;Laws\n                            <\/a>\n                                            <\/h3>\n                    <p><p>Summary of Nevada&#8217;s durable power of attorney laws, which allow you to name a trusted individual to make important health care and end-of-life decisions on your behalf.<\/p>\n<\/p>\n                                    <\/li>\n                            <li>\n                    <h3>                                                    <a title=\"Nevada&#x20;Living&#x20;Wills&#x20;Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-living-wills-laws.html\">\n                                Nevada&#x20;Living&#x20;Wills&#x20;Laws\n                            <\/a>\n                                            <\/h3>\n                    <p><p>General overview of Nevada laws pertaining to living wills, which technically are not wills but rather legal documents outlining your health care and end-of-life preferences.<\/p>\n<\/p>\n                                    <\/li>\n                            <li>\n                    <h3>                                                    <a title=\"Nevada&#x20;Euthanasia&#x20;Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-euthanasia-laws.html\">\n                                Nevada&#x20;Euthanasia&#x20;Laws\n                            <\/a>\n                                            <\/h3>\n                    <p><p>Primer on euthanasia in general, which is illegal in all states, and physician-assisted suicide which is legal in some states (not including Nevada), with links to related resources.<\/p>\n<\/p>\n                                    <\/li>\n                    <\/ul>\n    <\/div>\n            <div class=\"g-col-12 g-col-md-6\">\n        <ul class=\"nav-links fl-list-style-none fl-no-margin-horizontal\">\n                            <li>\n                    <h3>                                                    <a title=\"Nevada&#x20;Wills&#x20;Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-wills-laws.html\">\n                                Nevada&#x20;Wills&#x20;Laws\n                            <\/a>\n                                            <\/h3>\n                    <p><p>The basics of Nevada&#8217;s wills laws and procedures, including what constitutes a valid will, requirements for witnesses, how to revoke a will, and the validity of out-of-state wills.<\/p>\n<\/p>\n                                    <\/li>\n                            <li>\n                    <h3>                                                    <a title=\"Nevada&#x20;Probate&#x20;and&#x20;Estate&#x20;Tax&#x20;Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-probate-and-estate-tax-laws.html\">\n                                Nevada&#x20;Probate&#x20;and&#x20;Estate&#x20;Tax&#x20;Laws\n                            <\/a>\n                                            <\/h3>\n                    <p><p>Concise summary of Nevada&#8217;s probate process and laws, including estate taxes, with details about when the probate process is required and federal estate tax requirements.<\/p>\n<\/p>\n                                    <\/li>\n                            <li>\n                    <h3>                                                    <a title=\"Nevada&#x20;Civil&#x20;Statute&#x20;of&#x20;Limitations\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-civil-statute-of-limitations-laws.html\">\n                                Nevada&#x20;Civil&#x20;Statute&#x20;of&#x20;Limitations\n                            <\/a>\n                                            <\/h3>\n                    <p><p>Overview of Nevada&#8217;s civil statute of limitations, which dictates time limits for filing a civil action and is intended to maintain the integrity of evidence and ensure greater efficiency.<\/p>\n<\/p>\n                                    <\/li>\n                    <\/ul>\n    <\/div>\n    <\/div>\n<\/div>\n<div>\n    <div id=\"fl-content-list-container\"\n        class=\"fl-flex fl-flex-column fl-content-list-container\">\n                    <h2>Nevada Estate Planning Law Articles<\/h2>\n        \n        <ul class=\"fl-list fl-content-list fl-no-margin\" data-testid=\"fl-content-list\">\n                            <li class=\"fl-list-control-list-item\" data-testid=\"fl-content-list-item\">\n                    <i class=\"fa fa-angle-right medium\" aria-hidden=\"true\"><\/i>\n                    <a title=\"Nevada Civil Statute of Limitations  Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-civil-statute-of-limitations-laws.html\" class=\"fl-list-item-link\">\n                        Nevada Civil Statute of Limitations  Laws\n                    <\/a>\n                <\/li>\n                            <li class=\"fl-list-control-list-item\" data-testid=\"fl-content-list-item\">\n                    <i class=\"fa fa-angle-right medium\" aria-hidden=\"true\"><\/i>\n                    <a title=\"Nevada Durable Power of Attorney Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-durable-power-of-attorney-laws.html\" class=\"fl-list-item-link\">\n                        Nevada Durable Power of Attorney Laws\n                    <\/a>\n                <\/li>\n                            <li class=\"fl-list-control-list-item\" data-testid=\"fl-content-list-item\">\n                    <i class=\"fa fa-angle-right medium\" aria-hidden=\"true\"><\/i>\n                    <a title=\"Nevada Euthanasia Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-euthanasia-laws.html\" class=\"fl-list-item-link\">\n                        Nevada Euthanasia Laws\n                    <\/a>\n                <\/li>\n                            <li class=\"fl-list-control-list-item\" data-testid=\"fl-content-list-item\">\n                    <i class=\"fa fa-angle-right medium\" aria-hidden=\"true\"><\/i>\n                    <a title=\"Nevada Living Wills Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-living-wills-laws.html\" class=\"fl-list-item-link\">\n                        Nevada Living Wills Laws\n                    <\/a>\n                <\/li>\n                            <li class=\"fl-list-control-list-item\" data-testid=\"fl-content-list-item\">\n                    <i class=\"fa fa-angle-right medium\" aria-hidden=\"true\"><\/i>\n                    <a title=\"Nevada Probate and Estate Tax Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-probate-and-estate-tax-laws.html\" class=\"fl-list-item-link\">\n                        Nevada Probate and Estate Tax Laws\n                    <\/a>\n                <\/li>\n                            <li class=\"fl-list-control-list-item\" data-testid=\"fl-content-list-item\">\n                    <i class=\"fa fa-angle-right medium\" aria-hidden=\"true\"><\/i>\n                    <a title=\"Nevada Wills Laws\" href=\"https:\/\/www.findlaw.com\/state\/nevada-law\/nevada-wills-laws.html\" class=\"fl-list-item-link\">\n                        Nevada Wills Laws\n                    <\/a>\n                <\/li>\n                    <\/ul>\n    <\/div>\n<\/div>\n<script type=\"application\/ld+json\">\n  {\n    \"@context\":\"https:\/\/schema.org\",\n    \"@type\":\"ItemList\",\n    \"itemListElement\":\n    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