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Probate Process: What Does It Mean to Close An Estate And How Much Will It Cost?

By Lee Kiefer & Park, LLP

If you talk to anyone that has served as a personal representative, or anyone that has been a beneficiary of a Will, they will both tell you the same thing. Both will say they would like the process to go faster. For a personal representative to finish their duties and for beneficiaries to receive… Read More »

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How to Choose a Nevada Probate Lawyer to Handle your Needs

By Lee Kiefer & Park, LLP

Unfortunately, the time has come. A loved one has passed away. If the decedent had a will, the decedent named an executor – you. Or if the decedent died intestate (without a will), it turns out that you might be the one whom the law selects to be administrator of the estate. There could be… Read More »

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Challenges to Trusts or Wills: What Did the Settlor or Testator Intend?

By Lee Kiefer & Park, LLP

The passing of a parent can cause discord within a family. This is especially true when a parent has left assets for their children. The children might not be convinced that the parent meant to leave assets in the way a will or trust states. Or the children might be dissatisfied by how the… Read More »

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What is a Breach of Fiduciary Duty in Nevada?

By Lee Kiefer & Park, LLP

A recent Nevada law expanded the fiduciary duties of financial professionals. In Nevada, financial planners, trustees, investment advisors, and other professionals must make disclosures to their clients about fees, insurance, investments and other actions. Fiduciaries must put their client’s interests ahead of their own interests.

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What is a Nevada Undue Influence Claim?

By Lee Kiefer & Park, LLP

People, especially the elderly, are often vulnerable to undue influence when creating a will or trust or making other estate planning decisions. When a court determines that undue influence was a factor in the terms of a document, the claim may be filed.

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Early Termination of a Nevada Trust

By Lee Kiefer & Park, LLP

Trust documents usually describe specific terms and circumstances for when trusts terminate. Nevada law specifies that interested parties (e.g., trustees or beneficiaries) may ask a Nevada probate court to terminate a trust if continuing the trust is no longer feasible or economical.

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Defending a Lawsuit as a Nevada Trustee

By Lee Kiefer & Park, LLP

Unless you are both the trustee and sole beneficiary of a trust, being a trustee can be a very difficult and thankless job. Trustees have a responsibility to follow the terms of the trust and protect the interests of the beneficiaries. But, beneficiaries, co-trustees, or creditors may contest your actions as trustee because they feel you did not fulfill your obligations.

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Forcing a Trust Distribution in Nevada

By Lee Kiefer & Park, LLP

The terms of distribution for a trust are outlined in the trust agreement (the document that governs the trust). Each type of trust has its own requirements for distributing funds. The trustees have a fiduciary duty requiring them to follow the distribution scheme in the trust agreement.

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Suing a Trustee for Breach of Fiduciary Duty in Nevada

By Lee Kiefer & Park, LLP

In Nevada, a trustee is the person designated to be the owner and manager of trust assets. Nevada State Law requires trustees to be even more careful with the trust assets than they would be with their own. This is called a fiduciary standard of care.

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Challenges of Serving as a Nevada Personal Representative

By Lee Kiefer & Park, LLP

In Nevada, the person that the court appoints to administer and execute the terms of a will is called a personal representative. The personal representative may be an executor who is nominated by the will or an administrator who is named by the court when there is no will or no executor was named in the will.

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