See the tax section for the exemption or the repeal.
See the property section for the statute's words.
Living trust or probate
A revocable living trust holds assets you title in the trustee's name. You can serve as trustee while you are able.
At death, the successor trustee handles those assets. Property you leave in your own name can still go through the probate court. A pour-over will sends leftover assets into the trust, and those leftover assets may pass through probate first.
Fees
In Nevada, probate compensation is a statutory commission.
NRS 150.020 says that if no compensation is provided by the will, or the personal representative renounces all claims to it, fees must be allowed upon the whole amount of the estate which has been accounted for, less liens and encumbrances: 4 percent for the first $15,000; 3 percent for the next $85,000; and 2 percent for all above $100,000. The same fees are allowed if there is no will. The court may allow additional just and reasonable fees if the statutory fees are not sufficient. NRS 150.060 says an attorney for a personal representative is entitled to reasonable compensation for the attorney's services, to be paid out of the decedent's estate. The opened attorney section does not set a percentage schedule.
Source: NRS 150.020, General compensation
Small estate
Nevada has a small-estate procedure. The statute states who can use it.
NRS 146.080 allows transfer of assets without letters if the decedent leaves no real property, nor interest therein, nor mortgage or lien thereon, in this State, and the gross value of the decedent's property in this State, over and above amounts due for services in the Armed Forces and the value of any motor vehicles registered to the decedent, does not exceed the applicable amount. The claimant may act 40 days after death. The applicable amount is $150,000 if the claimant is the surviving spouse and $25,000 for any other claimant. The affidavit must also state that no petition for appointment of a personal representative is pending or has been granted, that debts including funeral and burial expenses have been paid or provided for, and that written notice was given to every person with an equal or superior right and at least 14 days have elapsed. Separately, NRS 146.070 allows the court to set aside an estate without administration if its value does not exceed $150,000, and proceedings must not begin until at least 30 days after death. There is no single affidavit cap.
Source: NRS 146.080, Estates not exceeding certain amounts
Estate or inheritance tax
Nevada has no current estate tax on the page linked below.
A Nevada Department of Taxation notice of intent to adopt regulation R045-24 says the estate tax is not currently imposed or collected in Nevada. The notice does not state whether an inheritance tax exists.
Source: Nevada Department of Taxation, Notice of Intent to Adopt a Regulation, R045-24
Property of spouses
Spouses in Nevada hold community property.
NRS 123.220 says all property, other than that stated in NRS 123.130, acquired after marriage by either spouse or both spouses, is community property unless otherwise provided by an agreement in writing between the spouses, a decree of separate maintenance, NRS 123.190, or a decree or written agreement under NRS 123.259. NRS 123.225 says the respective interests of each spouse in community property during the marriage are present, existing, and equal interests, subject to NRS 123.230.
Source: NRS 123.220, Community property defined
Questions
The answers use the same statute and court pages as the sections above.
Does a living trust avoid probate in Nevada?
A revocable living trust holds the assets you title in the trustee's name. The successor trustee handles those assets. Property still titled in your own name can be a probate matter. A pour-over will can send leftover assets into the trust, and those leftover assets may still pass through probate first.
What is the small-estate procedure in Nevada?
NRS 146.080 allows transfer of assets without letters if the decedent leaves no real property, nor interest therein, nor mortgage or lien thereon, in this State, and the gross value of the decedent's property in this State, over and above amounts due for services in the Armed Forces and the value of any motor vehicles registered to the decedent, does not exceed the applicable amount. The claimant may act 40 days after death. The applicable amount is $150,000 if the claimant is the surviving spouse and $25,000 for any other claimant. The affidavit must also state that no petition for appointment of a personal representative is pending or has been granted, that debts including funeral and burial expenses have been paid or provided for, and that written notice was given to every person with an equal or superior right and at least 14 days have elapsed. Separately, NRS 146.070 allows the court to set aside an estate without administration if its value does not exceed $150,000, and proceedings must not begin until at least 30 days after death. There is no single affidavit cap.
How are probate fees set in Nevada?
NRS 150.020 says that if no compensation is provided by the will, or the personal representative renounces all claims to it, fees must be allowed upon the whole amount of the estate which has been accounted for, less liens and encumbrances: 4 percent for the first $15,000; 3 percent for the next $85,000; and 2 percent for all above $100,000. The same fees are allowed if there is no will. The court may allow additional just and reasonable fees if the statutory fees are not sufficient. NRS 150.060 says an attorney for a personal representative is entitled to reasonable compensation for the attorney's services, to be paid out of the decedent's estate. The opened attorney section does not set a percentage schedule.
Does Nevada tax an estate or an inheritance?
A Nevada Department of Taxation notice of intent to adopt regulation R045-24 says the estate tax is not currently imposed or collected in Nevada. The notice does not state whether an inheritance tax exists.
How does Nevada treat property of spouses?
NRS 123.220 says all property, other than that stated in NRS 123.130, acquired after marriage by either spouse or both spouses, is community property unless otherwise provided by an agreement in writing between the spouses, a decree of separate maintenance, NRS 123.190, or a decree or written agreement under NRS 123.259. NRS 123.225 says the respective interests of each spouse in community property during the marriage are present, existing, and equal interests, subject to NRS 123.230.
Sources
These are the statute and court pages used above.