How are assets distributed in an intestate estate?

In Nevada, assets are distributed in an intestate estate according to the state’s laws. If the decedent had a surviving spouse, the surviving spouse will generally receive 100% of the decedent’s estate. However, if the decedent was survived by both a spouse and children, the surviving spouse will take the first $150,000 plus two-thirds of the remaining estate, and the children will take the remaining one-third. If the decedent was not survived by a spouse, the children will typically receive the full estate in equal shares, unless the decedent’s parents are also alive, in which case they would receive one-third of the estate and the children would receive the remaining two-thirds. If there are no children or parents, the estate will pass on to the decedent’s brothers and sisters in equal shares. If the decedent was not survived by a spouse, children, parents, or siblings, the estate will pass on to more distant relatives, such as grandparents, aunts, uncles, and cousins, in order of relationship. If there are no surviving relatives, the estate will escheat to the state of Nevada. Ultimately, the distribution of assets in an intestate estate in Nevada will be determined by the state’s laws and the decedent’s family structure. The surviving family members are encouraged to consult with an attorney to ensure that the estate is distributed according to the law.

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How are assets distributed in an intestate estate?

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