Connect with us

Nevada

EDITORIAL: Legislature needs to fix Nevada’s probate law

Published

on

EDITORIAL: Legislature needs to fix Nevada’s probate law


There needs to be appropriate safeguards protecting the estates of the deceased. It’s clear Nevada doesn’t have them.

The Review-Journal’s Eli Segall and Michael Scott Davidson recently exposed a tragic scandal. Complete strangers are legally selling the houses of deceased men and women in Clark County. After a person dies, an estate often ends up in probate. That’s how the legal system moves assets and settles debts. A key factor in this process is the person who manages the estate.

Nevada law provides a long list of those who may perform that role. Usually, a relative will assume that duty. But the last entry on that list is anyone “legally qualified.”

That’s the opening Estate Administrative Services and Compass Realty &Management used to take control of hundreds of homes. Thomas Moore, the founder of Estate Administration Services, received court permission to administer at least 340 cases. Cynthia “Cyndi” Sauerland with Compass obtained this authority at least 125 times. Between the two of them, they “sold at least around 360 homes through probate court,” the story revealed.

Advertisement

Sometimes this can be necessary. Abandoned homes can quickly become neighborhood hazards. They can attract squatters and turn into eyesores that lower property values. With a housing shortage, it’s better for the community when abandoned homes return to the market. Some homes in these situations are underwater. Lenders can agree to a short sale, which resolves the loan balance, but doesn’t leave anything for potential heirs.

None of this happens by magic. It takes work by real estate professionals and attorneys. There are legitimate cases where they may get paid even if families receive nothing.

But this process is ripe for abuse, and that’s what the Review-Journal investigation uncovered. Many homes are sold without a competitive bidding process. In one instance, Mr. Moore sold a home to We Flip It LLC. Less than a week later, it flipped the house for almost $30,000 more than it paid. In another case, Mr. Moore received court approval to oversee Tsoghik Khachatryan’s estate. He temporarily forced her husband and kids out of their home before resigning from the case.

In other cases, Mr. Moore paid out more than $900,000 to private entities for “costs listed in court records as foreclosure monitoring, abatement services, abatement fees or just ‘abatement.’ ”

Several other probate attorneys said “they had never heard” of those fees.

Advertisement

This is an outrage. There are legitimate competing interests in these cases, but the Legislature needs to do a better job of protecting the assets of the deceased and their heirs.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nevada

RFK Jr. meets signature requirements to appear on Nevada ballot

Published

on

RFK Jr. meets signature requirements to appear on Nevada ballot


Robert F. Kennedy’s presidential campaign submitted the required number of valid signatures in order to appear on Nevada’s ballot in November, the secretary of state’s office confirmed Friday.

Kennedy’s campaign in Nevada submitted more than 22,000 valid signatures to county clerks in early July in order to qualify as an independent presidential candidate.

In a notice sent Friday, the secretary of state’s office said that based on the examination conducted by county election officials, the office determined that the total number of signatures exceeds the number of valid signatures necessary to declare the petition for candidacy necessary.

The Kennedy campaign must next submit the names of the six primary and six alternate electors that would certify the election for Kennedy if he were to win.

Advertisement

Notice of Sufficiency of Petition for Robert F. Kennedy Jr. Independent Candidate for United States Preside… by Jessica Hill on Scribd

Contact Jessica Hill at jehill@reviewjournal.com. Follow @jess_hillyeah on X.



Source link

Advertisement
Continue Reading

Nevada

Planning phase underway for College of Southern Nevada's northwest campus

Published

on

Planning phase underway for College of Southern Nevada's northwest campus


LAS VEGAS (KTNV) — The development of the College of Southern Nevada’s Northwest campus has taken another step forward after the state allocated $4.5 million for the planning phase, said CSN’s Vice President of Academic Affairs James McCoy.

He showed me the plans that they’ve come up with so far, which includes photos from similar campuses in other parts of the country.

“The blue would be a 60,000 square foot law enforcement academy coupled with some general education and student support services to support those students and others throughout the northwest,” he told me as he pointed to the tentative plans. “It would include the parking as we talk about the land development. You need that. It will include the central plant to operate the campus and the building.”

They’re still deciding on whether an emergency vehicle operations course will be included in phase one.

Advertisement

The reason he calls them potential plans is because the project is based on funding by the state legislature.

“Our goal is to be 100% construction documents in hand by the time the legislative session is wrapping up, so June of 2025,” he said.

Then come the inspections and everything else needed before construction can begin.

As for the cost of the actual construction, it’s yet to be determined.

“Still a work in progress,” said McCoy. “We’ll know much more as the state public works prepares for the presentations of all the capital projects for the entire state. That is slated for Aug.28 and 29.”

Advertisement

By the time it’s all said and done, the first phase has to be shovel ready by June 2026, or else they risk losing the land.





Source link

Continue Reading

Nevada

Shelter in place ordered in Dayton

Published

on

Shelter in place ordered in Dayton


RENO, Nev. (KOLO) – The Lyon County Sheriff’s Office is asking people in Dayton to shelter in place as deputies search for an armed suspect.

Specifically those who live in the area of Woodlake/Brookfield/Woodside should use caution.

Deputies are searching the area for a male subject last seen wearing a black shirt and possibly has a large cut on his neck, forehead and wrists. He is reportedly armed with a knife and possibly a danger to himself especially and others.

If you see someone who matches the description, please do not approach or attempt to apprehend the subject, CALL 911.

Advertisement



Source link

Continue Reading

Trending