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Last Will and Testament Template - Nevada
A Nevada Last Will and Testament is a legal form used for the purposes of distributing an individual's property upon their death to the selected beneficiaries. The Last Will has several main purposes and allows the individual making the will - otherwise known as the Testator - to do the following:
- Decide who gets their property;
- Decide who will manage their estate;
- Decide who will take care of any minor children, dependents or pets;
- Minimize probate and estate taxes;
- Avoid a lengthy probate process;
- Make gifts and donations;
- Set up a family trust.
The Nevada Last Will is defined by NRS 132.370 and regulated by Title 12 (Wills and Estates of Deceased Person . The document must be signed by at least two (2) competent people in the presence of the Testator. Click on this link to create your own form with our online form builder or download a ready-made one below{class="scroll_to"}.
What Is a Last Will and Testament in Nevada?
A Last Will gives the Testator the opportunity to distribute their estate, property and digital assets between spouses, children, partners, friends, relatives, and organizations. The Testator has the option to elect the estate's Executor. The Executor is the person - either a close friend or a professional accountant or consultant - who will be responsible for carrying out the provisions of the will.
There are several types of wills:
- A Testamentary Will is a formally prepared document signed in the presence of witnesses.
- A Holographic Will is a written unwitnessed will that rarely holds up in court.
- An Oral Will is a spoken testament given before witnesses.
How to Write a Last Will and Testament in Nevada?
A Last Will and Testament in Nevada is usually made up of instructions regarding:
- Burial requests;
- Debts and expenses;
- Personal property;
- Cash, bank accounts, investments;
- Digital assets.
Not all assets the Testator owns can be distributed according to their will. The only property the Testator may bequeath is solely-owned property titled at their name at the time of death. Any property owned by the Testator's spouse or partner will also not be affected by the provisions of a will.
Download Last Will and Testament Template - Nevada
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