Does every asset in a Nevada estate need a formal appraisal?
No. Where there is no reasonable doubt about value, such as cash, bank or credit union deposits, bonds, life insurance policies, and securities equal in value to cash, the personal representative files a verified record of value instead of an appraisement. An appraiser is retained for assets whose value is in reasonable doubt, which in practice means the contents, collections, vehicles, equipment, and business interests. The inventory and appraisement requirement itself can also be waived by the unanimous written consent of all interested persons.
Who owns what in a Nevada marriage?
Both spouses, equally, in community property. Nevada law gives each spouse a present, existing, and equal interest in community property during the marriage, and on divorce the court must, to the extent practicable, make an equal disposition of it unless it finds a compelling reason for an unequal one. The statute names no valuation date, so the date is set case by case; we value the vehicles, art, business, or collection to whatever date counsel or the court specifies.