In 1993 and again in 1995 attempts to change probate laws and expedite the probate process were made; however, unsuccessful. Finally, in 1997, in an effort to bring Nevada laws in tune with the Uniform Probate Code, a bill was passed, which became effective October 1, 1997.
The Third Circuit has recently ruled that a plan trustee has a fiduciary duty to disclose to plan participants its .
”Needless to say, the probate process can become time consuming and expensive.” Probate can take two forms.
This case involved the bankruptcy of a debtor corporation caused by the filing of thousands of individual tort clai.