onecle

Nevada Revised Statutes - Guardianships - Conservatorships - Trusts

Nevada Revised Statutes Section 159.013

Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 159.014 to 159.027, inclusive, have the meanings ascribed to them in those ...

Nevada Revised Statutes Section 159.014

“Care provider” defined. “Care provider” includes any public or private institution located within or outside this state which provides facilities for the care or maintenance of incompetents, persons of limited ...

Nevada Revised Statutes Section 159.0145

“Citation” defined. “Citation” means a document issued by the clerk of the court, as authorized by statute or ordered by the court, requiring a person to appear, directing a person ...

Nevada Revised Statutes Section 159.015

“Court” defined. “Court” means any court or judge having jurisdiction of the persons and estates of minors, incompetent persons, or persons of limited capacity. ...

Nevada Revised Statutes Section 159.017

“Guardian” defined. “Guardian” means any person appointed under this chapter as guardian of the person, of the estate, or of the person and estate for any other person, and includes ...

Nevada Revised Statutes Section 159.019

“Incompetent” defined. “Incompetent” means an adult person who, by reason of mental illness, mental deficiency, disease, weakness of mind or any other cause, is unable, without assistance, properly to manage ...

Nevada Revised Statutes Section 159.021

“Institution” defined. [Replaced in revision by NRS 159.014.] ...

Nevada Revised Statutes Section 159.022

“Limited capacity” defined. A person is of “limited capacity” if:

1. The person is able to make independently some but not all of the decisions necessary for the person’s ...

Nevada Revised Statutes Section 159.023

“Minor” defined. “Minor” means any person who is:

1. Less than 18 years of age; or

2. Less than 19 years of age if the guardianship is continued ...

Nevada Revised Statutes Section 159.025

“Proposed ward” defined. “Proposed ward” means any person for whom proceedings for the appointment of a guardian have been initiated. ...

Nevada Revised Statutes Section 159.026

“Special guardian” defined. “Special guardian” means a guardian of a person of limited capacity, including, without limitation, such a guardian who is appointed because a person of limited capacity has ...

Nevada Revised Statutes Section 159.027

“Ward” defined. “Ward” means any person for whom a guardian has been appointed. ...

Nevada Revised Statutes Section 159.028

Terms: “Writing” or “written.” As used in this chapter, unless the context otherwise requires, when the term “writing” or “written” is used in reference to a will or instrument, the ...

Nevada Revised Statutes Section 159.029

Pending proceedings under former law. Repealed. (See chapter 322, Statutes of Nevada 2003, at page 1803.) ...

Nevada Revised Statutes Section 159.033

Application to guardians ad litem. Except as otherwise provided in this chapter, the provisions of this chapter do not apply to guardians ad litem. ...

Nevada Revised Statutes Section 159.034

Notice by petitioner: To whom required; manner for providing; waiver of requirement; proof of giving filed with court.

1. Except as otherwise provided in this section, by specific statute ...

Nevada Revised Statutes Section 159.0345

Court authorized to alter requirements concerning publication of notice. If publication of a notice is required pursuant to this chapter, the court may, for good cause shown:

1. Allow ...

Nevada Revised Statutes Section 159.035

Jurisdiction. [Replaced in revision by NRS 159.0487.] ...

Nevada Revised Statutes Section 159.0355

Facsimile of certain papers may be filed with court. If a petition, notice, objection, consent, waiver or other paper may be filed, a true and correct facsimile of it may ...

Nevada Revised Statutes Section 159.036

Giving of notices and issuance of citations by clerk of court. All notices required to be given by this chapter may be given by the clerk of the court without ...

Nevada Revised Statutes Section 159.0365

Proceedings pending in another state.

1. If the court has reason to believe that guardianship proceedings may be pending in another state concerning a ward or proposed ward, the ...

Nevada Revised Statutes Section 159.037

Venue for appointment of guardian.

1. The venue for the appointment of a guardian must be:

(a) The county where the proposed ward resides; or

(b) If ...

Nevada Revised Statutes Section 159.039

Proceedings commenced in more than one county.

1. If proceedings for the appointment of a guardian for the same proposed ward are commenced in more than one county, they ...

Nevada Revised Statutes Section 159.041

Transfer of proceedings to another county. A court having before it any guardianship matter may transfer the matter to another county in the interest of the ward or, if not ...

Nevada Revised Statutes Section 159.043

Titles of petitions; captions of petitions and other documents.

1. All petitions filed in any guardianship proceeding must bear the title of the court and cause.

2. The ...

Nevada Revised Statutes Section 159.044

Petition for appointment of guardian: Who may submit; content.

1. Except as otherwise provided in NRS 127.045, a proposed ward, a governmental agency, a nonprofit corporation or any interested ...

Nevada Revised Statutes Section 159.0455

Appointment, duties and compensation of guardians ad litem.

1. On or after the date of the filing of a petition to appoint a guardian:

(a) The court may ...

Nevada Revised Statutes Section 159.046

Appointment, duties and compensation of investigators.

1. Upon filing of the petition, or any time thereafter, the court may appoint one or more investigators to:

(a) ...

Nevada Revised Statutes Section 159.047

Issuance of citation upon filing of petition for appointment of guardian; persons required to be served.

1. Except as otherwise provided in NRS 159.0475 and 159.049 to 159.0525, inclusive, ...

Nevada Revised Statutes Section 159.0475

Manner of serving citation.

1. A copy of the citation issued pursuant to NRS 159.047 must be served by:

(a) Certified mail, with a return receipt requested, on ...

Nevada Revised Statutes Section 159.048

Contents of citation. The citation issued pursuant to NRS 159.047 must state that the:

1. Proposed ward may be adjudged to be incompetent or of limited capacity and a ...

Nevada Revised Statutes Section 159.0483

Attorney for minor ward or proposed minor ward. A minor ward or proposed minor ward who is the subject of proceedings held pursuant to this chapter may be represented by ...

Nevada Revised Statutes Section 159.0485

Appointment, duties and compensation of attorney for adult ward or proposed adult ward.

1. If an adult ward or proposed adult ward is unable to retain legal counsel and ...

Nevada Revised Statutes Section 159.0487

Types of guardians. Any court of competent jurisdiction may appoint:

1. Guardians of the person, of the estate, or of the person and estate for resident incompetents or resident ...

Nevada Revised Statutes Section 159.049

Appointment without issuance of citation. The court may, without issuing a citation, appoint a guardian for the proposed ward if the:

1. Petitioner is a parent who has sole ...

Nevada Revised Statutes Section 159.052

Temporary guardian for minor ward who is unable to respond to substantial and immediate risk of physical harm or to need for immediate medical attention: Petition for appointment; conditions; required ...

Nevada Revised Statutes Section 159.0523

Temporary guardian for adult ward who is unable to respond to substantial and immediate risk of physical harm or to need for immediate medical attention: Petition for appointment; conditions; required ...

Nevada Revised Statutes Section 159.0525

Temporary guardian for ward who is unable to respond to substantial and immediate risk of financial loss: Petition for appointment; conditions; required notice; extension; limited powers.

1. A petitioner ...

Nevada Revised Statutes Section 159.0535

Attendance of proposed ward at hearing.

1. A proposed ward who is found in this state must attend the hearing for the appointment of a guardian unless:

Nevada Revised Statutes Section 159.054

Finding and order of court upon petition: Dismissal of petition; appointment of special or general guardian.

1. If the court finds the proposed ward competent and not in need ...

Nevada Revised Statutes Section 159.055

Burden of proof; order appointing guardian; notice of entry of order.

1. The petitioner has the burden of proving by clear and convincing evidence that the appointment of a ...

Nevada Revised Statutes Section 159.057

Guardian for two or more wards.

1. Where the appointment of a guardian is sought for two or more proposed wards who are children of a common parent, parent ...

Nevada Revised Statutes Section 159.059

Qualifications of guardian. Any qualified person or entity that the court finds suitable may serve as a guardian. A person is not qualified to serve as a guardian who:

...

Nevada Revised Statutes Section 159.061

Preference for parent of minor; other considerations in determining qualifications and suitability of guardian; appointment of public guardian or private fiduciary.

1. The parents of a minor, or either ...

Nevada Revised Statutes Section 159.0615

Appointment of master of court or special master to identify person most qualified and suitable to serve as guardian; hearing; recommendation.

1. If the court determines that a person ...

Nevada Revised Statutes Section 159.0617

Court or master of court or special master authorized to allow certain persons to testify at hearing to determine person most qualified and suitable to serve as guardian. If the ...

Nevada Revised Statutes Section 159.062

Guardian nominated by will. A parent or spouse of an incompetent, minor or person of limited capacity may by will nominate a guardian. The person nominated must file a petition ...

Nevada Revised Statutes Section 159.065

Bond: General requirements; approval by clerk; liability of sureties; not required under certain circumstances.

1. Except as otherwise provided by law, every guardian shall, before entering upon his duties ...

Nevada Revised Statutes Section 159.067

Bond: Court may require increase, decrease or other change; exoneration of former sureties.

1. The court may at any time, for good cause and after notice to the guardian, ...

Nevada Revised Statutes Section 159.069

Bond: Filing; remedy for breach. Every bond given by a guardian shall be filed and preserved in the office of the clerk of the district court of the county in ...

Nevada Revised Statutes Section 159.071

Bond: Limitations on action. No action may be maintained against the sureties on any bond given by a guardian unless it is commenced within 3 years from the time the ...

Nevada Revised Statutes Section 159.073

Taking oath of office; filing appropriate documents. Every guardian shall, before entering upon his duties as guardian and before letters of guardianship may issue:

1. Take and subscribe the ...

Nevada Revised Statutes Section 159.074

Copy of order of appointment to be served upon ward; notice of entry of order to be filed with court.

1. A copy of the order appointing the guardian ...

Nevada Revised Statutes Section 159.075

Letters of guardianship. When a guardian has taken the official oath and filed a bond as provided in this chapter, the court shall order letters of guardianship to issue to ...

Nevada Revised Statutes Section 159.0755

Disposition of estate having value not exceeding by more than $5,000 aggregate amount of unpaid expenses of and claims against estate. If, at the time of the appointment of the ...

Nevada Revised Statutes Section 159.076

Summary administration.

1. The court may grant a summary administration if, at any time, it appears to the court that after payment of all claims and expenses of the ...

Nevada Revised Statutes Section 159.077

General functions of guardian of person and estate. A guardian of the person and estate has the authority and shall perform the duties as provided by law for a guardian ...

Nevada Revised Statutes Section 159.078

Guardian required to petition court for authority to take certain actions.

1. Before taking any of the following actions, the guardian shall petition the court for an order authorizing ...

Nevada Revised Statutes Section 159.079

General functions of guardian of person.

1. Except as otherwise ordered by the court, a guardian of the person has the care, custody and control of the person of ...

Nevada Revised Statutes Section 159.0795

Supervisory authority and powers of special guardian.

1. A special guardian shall exercise supervisory authority over the ward in a manner which is least restrictive of the ward’s personal ...

Nevada Revised Statutes Section 159.0801

Special guardian of person of limited capacity: Approval of court generally required before commencing act relating to person; grant of certain powers by court.

1. Except when responding ...

Nevada Revised Statutes Section 159.0805

Approval of court required before guardian may consent to certain treatment, experiment or commitment of ward; conditions for approval.

1. Except as otherwise provided in subsection 2, a guardian ...

Nevada Revised Statutes Section 159.081

Reports by guardian of person.

1. A guardian of the person shall make and file in the guardianship proceeding for review of the court a written report on the ...

Nevada Revised Statutes Section 159.083

General functions of guardian of estate. A guardian of the estate shall:

1. Protect, preserve, manage and dispose of the estate of the ward according to law and for ...

Nevada Revised Statutes Section 159.085

Inventory, supplemental inventory and appraisal of property of ward.

1. Not later than 60 days after the date of the appointment of a general or special guardian of the ...

Nevada Revised Statutes Section 159.086

Guardian of estate to cause appraisal or valuation of assets of guardianship estate; record or statement in lieu of appraisal.

1. Except as otherwise provided in subsection 2, the ...

Nevada Revised Statutes Section 159.0865

Certification of appraiser, certified public accountant or expert in valuation; form of appraisal or valuation; purchase by appraiser, certified public accountant or expert in valuation without disclosure prohibited; penalties.

...

Nevada Revised Statutes Section 159.087

Recording letters of guardianship. Not later than 60 days after the date of the appointment of a guardian of the estate, the guardian shall cause to be recorded, in the ...

Nevada Revised Statutes Section 159.089

Possession of and title to property of ward; guardian to secure certain documents.

1. A guardian of the estate shall take possession of:

(a) All of the property ...

Nevada Revised Statutes Section 159.0895

Assets retained to pay expenses of funeral and disposal of remains of ward: Amount exempt from all claims; placement in account or trust; reversion of excess to estate of ward.

Nevada Revised Statutes Section 159.091

Discovery of debts or property. Upon the filing of a petition in the guardianship proceeding by the guardian, the ward or any other interested person, alleging that any person is ...

Nevada Revised Statutes Section 159.093

Collecting obligations due ward.

1. A guardian of the estate:

(a) Shall demand all debts and other choses in action due to the ward; and

(b) ...

Nevada Revised Statutes Section 159.095

Representing ward in legal proceedings.

1. A guardian of the estate shall appear for and represent the ward in all actions, suits or proceedings to which the ward ...

Nevada Revised Statutes Section 159.097

Voidable contracts and transactions of ward. Any contract, except to the extent of the reasonable value of necessaries, and any transaction with respect to the property of a ward made ...

Nevada Revised Statutes Section 159.099

Liability of guardian of estate on contracts for ward. A guardian of the estate shall not be personally liable on any written or oral contract entered into for or on ...

Nevada Revised Statutes Section 159.101

Exercising rights under stock ownership of ward.

1. A guardian of the estate may exercise the ward’s rights which accrue pursuant to the ward’s ownership of common or preferred ...

Nevada Revised Statutes Section 159.103

Claims against estate of ward. A guardian of the estate shall pay from the guardianship estate pursuant to NRS 159.105 to 159.109, inclusive, all just claims against the ward, the ...

Nevada Revised Statutes Section 159.105

Payment of claims of guardian, claims arising from contracts of guardian and claims for attorney’s fees; report of claims and payment.

1. Other than claims for attorney’s fees ...

Nevada Revised Statutes Section 159.107

Presentment and verification of claims. Except as provided in NRS 159.105, all claims against the ward, the guardianship estate or the guardian of the estate as such shall be presented ...

Nevada Revised Statutes Section 159.109

Examination and allowance or rejection of claims by guardian.

1. A guardian of the estate shall examine each claim presented to him for payment. If the guardian is satisfied ...

Nevada Revised Statutes Section 159.111

Recourse of claimant when claim rejected or not acted upon.

1. If, not later than 60 days after the date the claim was presented to the guardian, a rejected ...

Nevada Revised Statutes Section 159.113

Guardian to petition court before taking certain actions; content of petition.

1. Before taking any of the following actions, the guardian shall petition the court for an order authorizing ...

Nevada Revised Statutes Section 159.115

Notice of hearing of petition or account.

1. Upon the filing of any petition under NRS 159.078 or 159.113, or any account, notice must be given:

(a) At ...

Nevada Revised Statutes Section 159.117

Court approval required to make certain investments, loans and to exercise certain options; certain investments authorized without prior approval; investing property of two or more wards.

1. Upon approval ...

Nevada Revised Statutes Section 159.119

Continuing business of ward. A guardian of the estate, with prior approval of the court by order, may continue any business of the ward. The order may provide for any ...

Nevada Revised Statutes Section 159.121

Borrowing money for ward.

1. A guardian of the estate, with prior approval of the court by order, may borrow money for the account of the ward when necessary:

Nevada Revised Statutes Section 159.123

Contracts of ward. If a ward for whom a guardian of the estate is appointed was, at the time of the appointment, a party to a contract which has not ...

Nevada Revised Statutes Section 159.125

Gifts from estate of ward; expenditures for relatives of ward.

1. A guardian of the estate, with prior approval of the court by order, may, from the estate of ...

Nevada Revised Statutes Section 159.127

Purposes for which property of ward may be sold, leased or placed in trust. A guardian of the estate, with prior approval of the court by order, may sell, lease ...

Nevada Revised Statutes Section 159.132

Property of ward subject to sale.

1. Any interest of a ward in real or personal property, including interests in contracts and choses in action, may be sold pursuant ...

Nevada Revised Statutes Section 159.134

Selling real property of ward.

1. All sales of real property of a ward must be:

(a) Reported to the court; and

(b) Confirmed ...

Nevada Revised Statutes Section 159.136

Order requiring guardian to sell real property of estate. If the guardian neglects or refuses to sell any real property of the estate when it is necessary or in the ...

Nevada Revised Statutes Section 159.1365

Application of money from sale of real property of ward that is subject to mortgage or other lien. If real property of the estate of a ward is sold that ...

Nevada Revised Statutes Section 159.1375

Sale of real property of ward to holder of mortgage or lien on such property. At a sale of real property that is subject to a mortgage or lien, the ...

Nevada Revised Statutes Section 159.138

Sale of equity of estate in real property of ward that is subject to mortgage or lien and of property that is subject to mortgage or lien.

1. In ...

Nevada Revised Statutes Section 159.1385

Contract for sale of real property of ward authorized; limitation on commission; liability of guardian and estate.

1. A guardian may enter into a written contract with any bona ...

Nevada Revised Statutes Section 159.1415

Presentation of offer to purchase real property to court for confirmation; division of commission for sale of such property.

1. When an offer to purchase real property of a ...

Nevada Revised Statutes Section 159.142

Sale of interest of ward in real property owned jointly with one or more persons.

1. If a ward owns real property jointly with one or more other persons, ...

Nevada Revised Statutes Section 159.1425

Notice of sale of real property of ward: When required; manner of providing; waiver; content.

1. Except as otherwise provided in this section and except for a sale pursuant ...

Nevada Revised Statutes Section 159.1435

Public auction for sale of real property: Where held; postponement.

1. Except for a sale pursuant to NRS 159.142, a public auction for the sale of real property must ...

Nevada Revised Statutes Section 159.144

Sale of real property of guardianship estate at private sale: Requirements for establishing date; manner of making offers.

1. Except for the sale of real property pursuant to NRS ...

Nevada Revised Statutes Section 159.1455

Confirmation by court of sale of real property of guardianship estate at private sale.

1. Except as otherwise provided in subsection 2, the court shall not confirm a sale ...

Nevada Revised Statutes Section 159.146

Hearing to confirm sale of real property: Considerations; conditions for confirmation; actions of court if sale is not confirmed; continuance.

1. At the hearing to confirm the sale of ...

Nevada Revised Statutes Section 159.1465

Conveyance of real property of guardianship estate to purchaser upon confirmation of sale by court.

1. If the court confirms a sale of real property of a guardianship estate, ...

Nevada Revised Statutes Section 159.1475

Sale of real property made upon credit.

1. If a sale of real property is made upon credit, the guardian shall take:

(a) The note or notes of ...

Nevada Revised Statutes Section 159.148

Neglect or refusal of purchaser of real property to comply with terms of sale.

1. After confirmation of the sale of real property, if the purchaser neglects or refuses ...

Nevada Revised Statutes Section 159.1495

Fraudulent sale of real property of ward by guardian. A guardian who fraudulently sells any real property of a ward in a manner inconsistent with the provisions of this chapter ...

Nevada Revised Statutes Section 159.1505

Periods of limitation for actions to recover or set aside sale of real property. The periods of limitation prescribed in NRS 11.260 apply to all actions:

1. For the ...

Nevada Revised Statutes Section 159.1515

Sale of personal property of ward by guardian without notice.

1. A guardian may sell perishable property and other personal property of the ward without notice, and title to ...

Nevada Revised Statutes Section 159.152

Sale of security of ward by guardian. A guardian may sell any security of the ward if:

1. The guardian petitions the court for confirmation of the sale;

...

Nevada Revised Statutes Section 159.1535

Notice of sale of personal property of ward: When required; manner of providing content.

1. Except as otherwise provided in NRS 159.1515 and 159.152, a guardian may sell the ...

Nevada Revised Statutes Section 159.154

Place and manner of sale of personal property of ward.

1. The guardian may sell the personal property of a ward by public sale at:

(a) The residence ...

Nevada Revised Statutes Section 159.156

Sale of interest in partnership, interest in personal property pledged to ward and choses in action of estate of ward. The following interests of the estate of the ward may ...

Nevada Revised Statutes Section 159.157

Lease of property of ward. A guardian of the estate may lease any real property of the ward or any interest in real property:

1. Without securing prior court ...

Nevada Revised Statutes Section 159.159

Contract with broker to secure lessee. The court may authorize the guardian to enter into a written contract with one or more licensed real estate brokers to secure a lessee ...

Nevada Revised Statutes Section 159.161

Petition for approval of lease: Content; conditions for approval.

1. Petitions to secure court approval of any lease:

(a) Must include the parcel number assigned to the property ...

Nevada Revised Statutes Section 159.163

Agreement for rental or bailment of personal property. A guardian of the estate, with prior approval of the court by order, may enter into agreements providing for the rental or ...

Nevada Revised Statutes Section 159.165

Lease of mining claim or mineral rights; option to purchase.

1. If the property to be leased consists of mining claims, an interest in the mining claims, property worked ...

Nevada Revised Statutes Section 159.1653

Petition to enter into agreement; setting date of hearing; notice.

1. To enter into an agreement to sell or to give an option to purchase a mining claim or ...

Nevada Revised Statutes Section 159.1657

Hearing on petition; court order; recording of court order.

1. At the time appointed and if the court finds that due notice of the hearing concerning an agreement has ...

Nevada Revised Statutes Section 159.166

Bond and actions required upon court order to enter into agreement.

1. If the court orders the guardian to enter into the agreement pursuant to NRS 159.1657, the court ...

Nevada Revised Statutes Section 159.1663

Neglect or refusal of purchaser of mining claim or of option holder to comply with terms of agreement.

1. If the purchaser or option holder neglects or refuses to ...

Nevada Revised Statutes Section 159.1667

Petition for confirmation of proceedings concerning agreement: When required; notice; hearing.

1. If the purchaser or option holder complies with the terms of an agreement approved by the court ...

Nevada Revised Statutes Section 159.167

Special sale of property of ward or surrender of interest therein.

1. A guardian of the estate, with prior approval of the court, may accept an offer for the ...

Nevada Revised Statutes Section 159.169

Advice, instructions and approval of acts of guardian.

1. A guardian of the estate may petition the court for advice and instructions in any matter concerning:

(a) The ...

Nevada Revised Statutes Section 159.171

Executing and recording legal documents.

1. A guardian of the estate shall record a certified copy of any court order authorizing the sale, mortgage, lease, surrender or conveyance of ...

Nevada Revised Statutes Section 159.173

Transfer of property of ward not ademption. If a guardian of the estate sells or transfers any real or personal property that is specifically devised or bequeathed by the ward ...

Nevada Revised Statutes Section 159.175

Exchange or partition of property of ward.

1. A guardian of the estate, with prior approval of the court by order, where it appears from the petition and the ...

Nevada Revised Statutes Section 159.176

Review of guardianship by court. Every guardianship established pursuant to this chapter must be reviewed by the court annually. ...

Nevada Revised Statutes Section 159.177

Time for filing account. A guardian of the estate or special guardian who is authorized to manage the ward’s property shall make and file a verified account in the guardianship ...

Nevada Revised Statutes Section 159.179

Contents of account; retention of receipts or vouchers for all expenditures; proving payment when receipt or voucher is lost.

1. An account made and filed by a guardian of ...

Nevada Revised Statutes Section 159.181

Hearing of account.

1. Any interested person may appear at the hearing and object to the account or file written objections to the account prior to the hearing.

...

Nevada Revised Statutes Section 159.183

Compensation and expenses of guardian.

1. Subject to the discretion and approval of the court, a guardian must be allowed:

(a) Reasonable compensation for the guardian’s services;

...

Nevada Revised Statutes Section 159.185

Conditions. The court may remove a guardian if the court determines that:

1. The guardian has become mentally incompetent, unsuitable or otherwise incapable of exercising the authority and performing ...

Nevada Revised Statutes Section 159.1853

Petition for removal.

1. The following persons may petition the court to have a guardian removed:

(a) The ward;

(b) The spouse of the ward;

(c) ...

Nevada Revised Statutes Section 159.1855

Issuance and service of citation concerning filing of petition for removal; actions of court if ward or estate may suffer loss or injury during time required for service.

1. ...

Nevada Revised Statutes Section 159.1857

Actions of court when petition to remove guardian is deemed sufficient and guardian fails to appear. If a petition to remove a guardian is deemed sufficient and the guardian fails ...

Nevada Revised Statutes Section 159.186

Additional limitation governing removal of guardian of minor; considerations for court in determining best interests of minor; removal of guardian of minor.

1. Notwithstanding any other provision of law, ...

Nevada Revised Statutes Section 159.187

Successor guardians.

1. When a guardian dies or is removed by order of the court, the court, upon the court’s own motion or upon a petition filed by any ...

Nevada Revised Statutes Section 159.1873

Petition tendering resignation.

1. A guardian of the person, of the estate, or of the person and the estate, may file with the court a petition tendering the resignation ...

Nevada Revised Statutes Section 159.1875

Approval of resignation of guardian of person.

1. Before the court approves the resignation of a guardian of the person and discharges the guardian, the court shall appoint a ...

Nevada Revised Statutes Section 159.1877

Resignation of guardian of estate: Accounting required before approval; sanctions for failure to file accounting; acceptance when estate has more than one guardian; court order.

1. Before the court ...

Nevada Revised Statutes Section 159.189

Disposition of estate having value not exceeding by more than $5,000 aggregate amount of unpaid expenses of and claims against estate. [Replaced in revision by NRS 159.0755.] ...

Nevada Revised Statutes Section 159.1905

Petition for termination or modification; appointment of attorney to represent ward; burden of proof; issuance of citation; penalties for not filing petition in good faith.

1. A ward, the ...

Nevada Revised Statutes Section 159.191

Termination of guardianship.

1. A guardianship of the person is terminated:

(a) By the death of the ward;

(b) Upon the ward’s change of domicile to a ...

Nevada Revised Statutes Section 159.192

Termination of temporary guardianship.

1. If a temporary guardianship is terminated and a petition for a general or special guardianship has not been filed:

(a) The temporary guardian ...

Nevada Revised Statutes Section 159.193

Winding up affairs.

1. The guardian of the estate is entitled to possession of the ward’s property and is authorized to perform the duties of the guardian to wind ...

Nevada Revised Statutes Section 159.195

Disposition of claims of creditor after termination of guardianship by death of ward.

1. If the guardianship is terminated by reason of the death of the ward:

...

Nevada Revised Statutes Section 159.197

Delivery of physical possession of property of ward; petition to modify title to such property; handling property of deceased ward.

1. After the winding up of the affairs ...

Nevada Revised Statutes Section 159.199

Discharge of guardian; exoneration of bond; order of discharge.

1. Upon the filing of receipts and vouchers showing compliance with the orders of the court in winding up ...

Nevada Revised Statutes Section 159.201

Summary proceedings. [Replaced in revision by NRS 159.076.] ...

Nevada Revised Statutes Section 159.203

Delivering property or paying obligations to foreign guardian.

1. Where a guardian of the estate for a nonresident has not been appointed in this state, but the nonresident has ...

Nevada Revised Statutes Section 159.205

Appointment of short-term guardianship for minor child by parent: When authorized; content of written instrument; term; termination.

1. Except as otherwise provided in this section or NRS 127.045, ...

Nevada Revised Statutes Section 159.215

Guardian of person of minor child of member of Armed Forces.

1. A member of the Armed Forces of the United States, a reserve component thereof or the National ...

Nevada Revised Statutes Section 159.305

Petition alleging that person disposed of money of ward or has evidence of interest of ward in or to property.

1. If a guardian, interested person, ward or proposed ...

Nevada Revised Statutes Section 159.315

Order of court upon findings concerning allegations that person disposed of money of ward or has evidence of interest of ward in or to property; nonappearance or noncompliance by person ...

Nevada Revised Statutes Section 159.325

Appeals to Supreme Court. In addition to any order from which an appeal is expressly authorized pursuant to this chapter, an appeal may be taken to the Supreme Court within ...

Nevada Revised Statutes Section 160.010

Short title. This chapter may be cited as the Uniform Veterans’ Guardianship Act. ...

Nevada Revised Statutes Section 160.020

Definitions. As used in this chapter:

1. “Benefits” means all money payable by the United States through the Department of Veterans Affairs.

2. “Department of Veterans Affairs” means ...

Nevada Revised Statutes Section 160.030

Applicability. Whenever, pursuant to any law of the United States or regulation of the Department of Veterans Affairs, the Secretary requires the appointment of a guardian for a ward before ...

Nevada Revised Statutes Section 160.040

Limitation on number of wards; exceptions.

1. Except as otherwise provided in this section, it is unlawful for any person to accept appointment as guardian of any ward if ...

Nevada Revised Statutes Section 160.050

Appointment of guardian.

1. A petition for the appointment of a guardian may be filed in any court of competent jurisdiction by or on behalf of any person who ...

Nevada Revised Statutes Section 160.060

Evidence of necessity for guardian for minor. If a petition is filed for the appointment of a guardian of a minor ward, a certificate of the Secretary or his representative, ...

Nevada Revised Statutes Section 160.070

Evidence of necessity for guardian for incompetent. If a petition is filed for the appointment of a guardian of a mentally incompetent ward, a certificate of the Secretary or his ...

Nevada Revised Statutes Section 160.080

Notice. Upon the filing of a petition for the appointment of a guardian under the provisions of this chapter, the court shall cause such notice to be given as provided ...

Nevada Revised Statutes Section 160.090

Bond.

1. Before making an appointment under the provisions of this chapter, the court shall establish to its satisfaction that the person whose appointment as guardian is sought is ...

Nevada Revised Statutes Section 160.100

Accounts.

1. Every guardian who receives on account of his ward any money from the Department of Veterans Affairs shall file with the court annually, on the anniversary date ...

Nevada Revised Statutes Section 160.110

Penalty for failure to account. If any guardian fails to file any account of the money received by him from the Department of Veterans Affairs on account of his ward ...

Nevada Revised Statutes Section 160.120

Compensation of guardian. Compensation payable to a guardian must not exceed 5 percent of the income of the ward during any year. In the event of extraordinary services rendered by ...

Nevada Revised Statutes Section 160.130

Investments. Every guardian shall invest the funds of the estate in such manner or in such securities, in which the guardian has no interest, as allowed by law or approved ...

Nevada Revised Statutes Section 160.140

Maintenance and support. A guardian shall not apply any portion of the estate of his ward for the support and maintenance of any person other than his ward, except upon ...

Nevada Revised Statutes Section 160.150

Copies of public records to be furnished. When a copy of any public record is required by the Department of Veterans Affairs to be used in determining the eligibility of ...

Nevada Revised Statutes Section 160.160

Commitment to Department of Veterans Affairs or other federal agency.

1. In any proceeding under the laws of this state for involuntary court-ordered admission of a person alleged to ...

Nevada Revised Statutes Section 160.161

Regulations of Department of Veterans Affairs or other federal agency; powers of officer; jurisdiction of court.

1. Upon commitment, a person is subject to the rules and regulations of ...

Nevada Revised Statutes Section 160.162

Transfer of person from Northern Nevada Adult Mental Health Services to Department of Veterans Affairs or other federal agency.

1. Upon receipt of a certificate of the Department of ...

Nevada Revised Statutes Section 160.170

Discharge of guardian. When a minor ward for whom a guardian has been appointed under the provisions of this chapter or other laws of this state attains his majority, and ...

Nevada Revised Statutes Section 160.180

Liberal construction. This chapter must be construed liberally to secure the beneficial intents and purposes thereof and applies only to beneficiaries of the Department of Veterans Affairs. ...

Nevada Revised Statutes Section 160.190

Uniformity of interpretation. This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. ...

Nevada Revised Statutes Section 161.010

Appointment. Whenever a person, referred to in this chapter as an absentee, serving in or with the Armed Forces of the United States, or a person serving as a merchant ...

Nevada Revised Statutes Section 161.020

Bond; reports; powers.

1. The court shall have full discretionary authority to appoint any suitable person as conservator and may require a conservator to post an adequate surety bond ...

Nevada Revised Statutes Section 161.030

Termination of conservatorship: Delivery of property.

1. At any time upon petition signed by the absentee, or on petition of an attorney-in-fact acting under an adequate power of attorney ...

Nevada Revised Statutes Section 162.010

Short title. NRS 162.010 to 162.140, inclusive, may be cited as the Uniform Fiduciaries Act. ...

Nevada Revised Statutes Section 162.020

Definitions.

1. In NRS 162.010 to 162.140, inclusive, unless the context of subject matter otherwise requires:

(a) “Bank” includes any person or association of persons, whether incorporated or ...

Nevada Revised Statutes Section 162.030

Application of payment made to fiduciary. A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary as such is authorized ...

Nevada Revised Statutes Section 162.050

Transfer of negotiable instrument by fiduciary. If any negotiable instrument payable or endorsed to a fiduciary as such is endorsed by the fiduciary, or if any negotiable instrument payable or ...

Nevada Revised Statutes Section 162.060

Check drawn by fiduciary payable to third person. If a check or other bill of exchange is drawn by a fiduciary as such, or in the name of his principal ...

Nevada Revised Statutes Section 162.070

Check drawn by and payable to fiduciary. If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his principal by ...

Nevada Revised Statutes Section 162.080

Deposit in name of fiduciary as such. If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized to pay the ...

Nevada Revised Statutes Section 162.090

Check drawn upon account of principal. If a check is drawn upon the account of his principal in a bank by a fiduciary who is empowered to draw checks upon ...

Nevada Revised Statutes Section 162.100

Deposit in personal account of fiduciary. If a fiduciary makes a deposit in a bank to his personal credit of checks drawn by him upon an account in his own ...

Nevada Revised Statutes Section 162.110

Deposit in names of two or more trustees. When a deposit is made in a bank in the name of two or more persons as trustees and a check is ...

Nevada Revised Statutes Section 162.120

Applicability. The provisions of NRS 162.010 to 162.140, inclusive, shall not apply to transactions taking place prior to March 1, 1923. ...

Nevada Revised Statutes Section 162.130

Cases not provided for in NRS 162.010 to 162.140, inclusive. In any case not provided for in NRS 162.010 to 162.140, inclusive, the rules of law and equity, ...

Nevada Revised Statutes Section 162.140

Uniformity of interpretation. NRS 162.010 to 162.140, inclusive, shall be so interpreted and construed as to effectuate their general purpose to make uniform the law of those states which enact ...

Nevada Revised Statutes Section 162.150

Short title. NRS 162.150 to 162.250, inclusive, may be cited as the Act for Simplification of Fiduciary Security Transfers. ...

Nevada Revised Statutes Section 162.160

Definitions. As used in NRS 162.150 to 162.250, inclusive, unless the context otherwise requires:

1. “Assignment” includes any written stock power, bond power, bill of sale, deed, declaration of ...

Nevada Revised Statutes Section 162.170

Registration in name of fiduciary. A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary ...

Nevada Revised Statutes Section 162.180

Assignment by fiduciary. Except as otherwise provided in NRS 162.150 to 162.250, inclusive, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a ...

Nevada Revised Statutes Section 162.210

Nonliability of corporation and transfer agent. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by NRS ...

Nevada Revised Statutes Section 162.220

Nonliability of third person.

1. No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees ...

Nevada Revised Statutes Section 162.230

Application of NRS 162.150 to 162.250, inclusive. The provisions of NRS 162.150 to 162.250, inclusive, apply to the rights and duties of a person other than the issuing ...

Nevada Revised Statutes Section 162.240

Tax obligations. NRS 162.150 to 162.250, inclusive, do not affect any obligation of a corporation or transfer agent with respect to any taxes imposed by the laws of this state. ...

Nevada Revised Statutes Section 162.250

Uniformity of interpretation. NRS 162.150 to 162.250, inclusive, shall be so construed as to effectuate their general purpose to make uniform the law of those states which enact them. ...

Nevada Revised Statutes Section 162.260

Succession to powers and duties of original fiduciary. A successor or substitute fiduciary succeeds to all the powers and duties which the will, deed or other instrument conferred on the ...

Nevada Revised Statutes Section 162.270

Continued administration by surviving fiduciary. The survivor of two or more fiduciaries may continue to administer the property of the estate or trust without the appointment of a successor unless ...

Nevada Revised Statutes Section 162.280

Withholding of property from beneficiary. At the time for distribution of any property of an estate or trust, the fiduciary may withhold any part or all of the property from ...

Nevada Revised Statutes Section 163.001

Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 163.0011 to 163.0017, inclusive, have the meanings ascribed to them in those ...

Nevada Revised Statutes Section 163.0011

“Electronic record” defined. “Electronic record” has the meaning ascribed to it in NRS 132.117. ...

Nevada Revised Statutes Section 163.0013

“Electronic signature” defined. “Electronic signature” has the meaning ascribed to it in NRS 132.118. ...

Nevada Revised Statutes Section 163.0015

“Electronic trust” defined. “Electronic trust” means a trust instrument that complies with the requirements of NRS 163.0095. ...

Nevada Revised Statutes Section 163.0017

“Record” defined. “Record” has the meaning ascribed to it in NRS 132.287. ...

Nevada Revised Statutes Section 163.0019

Terms: “Writing” or “written.” As used in this chapter, unless the context otherwise requires, when the term “writing” or “written” is used in reference to a will, trust or instrument ...

Nevada Revised Statutes Section 163.002

Creation: Methods. Except as otherwise provided by specific statute, a trust may be created by any of the following methods:

1. A declaration by the owner of property that ...

Nevada Revised Statutes Section 163.003

Creation: Requirements. A trust is created only if:

1. The settlor properly manifests an intention to create a trust; and

2. There is trust property, except as otherwise ...

Nevada Revised Statutes Section 163.004

Creation: Purpose.

1. A trust may be created for any purpose that is not illegal or against public policy.

2. A trust created for an indefinite or general ...

Nevada Revised Statutes Section 163.005

Creation: Consideration. Consideration is not required to create a trust, but a promise to create a trust in the future is enforceable only if it meets the requirements for enforcement ...

Nevada Revised Statutes Section 163.006

Creation: Beneficiary. A trust, other than a charitable trust, is created only if there is a beneficiary. This requirement is satisfied if the trust instrument provides for:

1. A ...

Nevada Revised Statutes Section 163.007

Validity of trust providing for one or more successor beneficiaries. If a trust provides for one or more successor beneficiaries after the death of the settlor, the trust is not ...

Nevada Revised Statutes Section 163.0075

Validity of trust providing for care of one or more animals.

1. A trust created for the care of one or more animals that are alive at the time ...

Nevada Revised Statutes Section 163.008

Validity of trust created in relation to real property; recordation.

1. A trust created in relation to real property is not valid unless it is created by operation of ...

Nevada Revised Statutes Section 163.009

Oral trust of personal property.

1. The existence and terms of an oral trust of personal property may be established only by clear and convincing evidence. The oral declaration ...

Nevada Revised Statutes Section 163.0095

Electronic trust.

1. An electronic trust is a trust instrument that:

(a) Is written, created and stored in an electronic record;

(b) Contains the electronic signature of ...

Nevada Revised Statutes Section 163.010

Short title. NRS 163.010 to 163.200, inclusive, may be cited as the Uniform Trusts Act. ...

Nevada Revised Statutes Section 163.020

Definitions. As used in NRS 163.010 to 163.200, inclusive, unless the context or subject matter otherwise requires:

1. “Affiliate” means any person directly or indirectly controlling or controlled by ...

Nevada Revised Statutes Section 163.023

Powers of trustee. A trustee has the powers provided in the trust instrument, expressed by law or granted by the court upon petition, as necessary or appropriate to accomplish a ...

Nevada Revised Statutes Section 163.027

Distribution of property or money of trust: Powers of trustee; manner; consent of affected beneficiaries required for distribution without proration under certain circumstances.

1. Except as otherwise provided in ...

Nevada Revised Statutes Section 163.030

Loan of money held in trust. Except as provided in NRS 163.040, no corporate trustee shall lend trust funds to itself or an affiliate, or to any director, officer, or ...

Nevada Revised Statutes Section 163.040

Corporate trustee may deposit with self certain money held in trust.

1. A corporate trustee which is subject to regulation and supervision by state or federal authorities may deposit ...

Nevada Revised Statutes Section 163.050

Trustee buying from or selling to self or affiliate.

1. Except as otherwise provided in subsection 2, no trustee may directly or indirectly buy or sell any property for ...

Nevada Revised Statutes Section 163.060

Trustee selling from one trust to self as trustee of another trust.

1. Except as otherwise provided in subsection 2 or authorized by the trust instrument, a trustee shall ...

Nevada Revised Statutes Section 163.070

Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized. Except as otherwise authorized by the trust instrument or order of the ...

Nevada Revised Statutes Section 163.080

Voting stock. A trustee owning corporate stock may vote it by proxy, but shall be liable for any loss resulting to the beneficiaries from a failure to use reasonable care ...

Nevada Revised Statutes Section 163.090

Holding stock in name of nominee. A trustee owning stock may hold it in the name of a nominee without mention of the trust in the stock certificate or stock ...

Nevada Revised Statutes Section 163.100

Powers of trustee attached to office. Unless it is otherwise provided by the trust instrument or by court order, all powers of a trustee are attached to the office and ...

Nevada Revised Statutes Section 163.110

Powers of cotrustees: Exercisable by majority if more than two cotrustees; liability of dissenting cotrustee; unanimous action required if only two cotrustees; petition of interested person.

1. Unless it ...

Nevada Revised Statutes Section 163.115

Breach of trust by trustee: Maintenance of proceeding; permissible purposes for maintenance of proceeding; nonexclusivity of remedies; method of commencing proceeding.

1. If a trustee commits or threatens to ...

Nevada Revised Statutes Section 163.120

Claims based on certain contracts or obligations: Assertion against trust; entry of judgment; notice; intervention; personal liability of trustee; significance of use of certain terms.

1. A claim based ...

Nevada Revised Statutes Section 163.130

Exoneration or reimbursement of trustee for tort.

1. A trustee who has incurred personal liability for a tort committed in the administration of the trust is entitled to exoneration ...

Nevada Revised Statutes Section 163.140

Commission of tort by trustee or predecessor: Prerequisites to suit and collection from trust property; plaintiff not required to prove certain matters; entry of judgment; notice; intervention; personal liability of ...

Nevada Revised Statutes Section 163.145

Using power to appoint or distribute income to discharge own legal obligation prohibited. Except as otherwise specifically provided in the trust instrument, a person who holds a power to appoint ...

Nevada Revised Statutes Section 163.150

Withdrawal from mingled money of multiple trusts. Where a person who is a trustee of two or more trusts has mingled the money of two or more trusts in the ...

Nevada Revised Statutes Section 163.160

Power of settlor; liability of trustee for breach of trust.

1. The settlor of a trust affected by NRS 163.010 to 163.200, inclusive, may, by provision in the instrument ...

Nevada Revised Statutes Section 163.170

Power of beneficiary. A beneficiary of a trust affected by NRS 163.010 to 163.200, inclusive, may, if of full legal capacity and acting upon full information, by written instrument delivered ...

Nevada Revised Statutes Section 163.180

Power of court. A court may, for cause shown and upon notice to the beneficiaries, relieve a trustee from any or all of the duties and restrictions which would otherwise ...

Nevada Revised Statutes Section 163.185

Power of court to order termination and distribution of trust before time provided in trust instrument. Upon such terms and conditions as are just and proper, the court may order ...

Nevada Revised Statutes Section 163.190

Penalty for violation of certain provisions of chapter. If a trustee violates any of the provisions of NRS 163.010 to 163.200, inclusive, he may be removed and denied compensation in ...

Nevada Revised Statutes Section 163.200

Uniformity of interpretation. NRS 163.010 to 163.200, inclusive, must be so interpreted and construed as to effectuate their general purpose to make uniform the law of those states which enact ...

Nevada Revised Statutes Section 163.220

Short title. This section and NRS 163.230 and 163.250 may be cited as the Uniform Testamentary Additions to Trusts Act. ...

Nevada Revised Statutes Section 163.230

Testamentary addition to trust.

1. A devise, the validity of which is determinable by the law of this state, may be made by a will to a trustee or ...

Nevada Revised Statutes Section 163.250

Uniformity of interpretation. This section and NRS 163.220 and 163.230 shall be so construed as to effectuate their general purpose to make uniform the law of those states which enact ...

Nevada Revised Statutes Section 163.260

Incorporation by reference of powers enumerated in NRS 163.265 to 163.410, inclusive; restriction on exercise of such powers.

1. By an expressed intention of the testator or settlor to ...

Nevada Revised Statutes Section 163.265

Retention of property. A fiduciary may retain for such time as the fiduciary deems advisable any property, real or personal, which the fiduciary may receive, even though the retention of ...

Nevada Revised Statutes Section 163.270

Sale, exchange or other disposition of property.

1. A fiduciary may:

(a) Sell, exchange, give options upon, partition or otherwise dispose of any property or interest therein which ...

Nevada Revised Statutes Section 163.275

Investments; reinvestments; delegation of authority to invest.

1. A fiduciary may invest and reinvest, as he deems advisable:

(a) In stocks, common or preferred, bonds, debentures, notes, mortgages ...

Nevada Revised Statutes Section 163.280

Investments without diversification. A fiduciary may make investments which cause a greater proportion of the total property held by the fiduciary to be invested in investments of one type or ...

Nevada Revised Statutes Section 163.285

Continuation of business.

1. A fiduciary may, to the extent and upon such terms and conditions and for such periods of time as the fiduciary deems necessary or advisable, ...

Nevada Revised Statutes Section 163.290

Formation of corporation, limited-liability company or other entity. A fiduciary may form a corporation, limited-liability company or other entity, and transfer, assign and convey to the corporation, limited-liability company or ...

Nevada Revised Statutes Section 163.295

Continuation of farming operation. A fiduciary may continue any farming operation received by the fiduciary pursuant to the will, trust or other instrument and do any and all things deemed ...

Nevada Revised Statutes Section 163.300

Management of real property. In the management of real property a fiduciary may:

1. Improve, manage, protect and subdivide any real property;

2. Dedicate or withdraw from dedication ...

Nevada Revised Statutes Section 163.305

Payment of taxes and expenses. A fiduciary may pay taxes, assessments, compensation of the fiduciary, and other expenses incurred in the collection, care, administration and protection of the trust or ...

Nevada Revised Statutes Section 163.310

Receipt of additional property. A fiduciary may receive additional property from any source and administer such additional property as a portion of the appropriate trust or estate under the management ...

Nevada Revised Statutes Section 163.315

Dealing with other fiduciaries. In dealing with one or more fiduciaries, a fiduciary may:

1. Sell property, real or personal, to, or exchange property with, the trustee of any ...

Nevada Revised Statutes Section 163.320

Borrowing money; renewing existing loans. A fiduciary may:

1. Borrow money for such periods of time and upon such terms and conditions as to rates, maturities, renewals and security ...

Nevada Revised Statutes Section 163.325

Advancing money. A fiduciary may advance money for the protection of the trust or estate, and for all expenses, losses and liabilities sustained in the administration of the trust or ...

Nevada Revised Statutes Section 163.330

Voting shares. A fiduciary may vote shares of stock owned by the estate or any trust at stockholders’ meetings in person or by special, limited or general proxy, with or ...

Nevada Revised Statutes Section 163.335

Registration in name of nominee. A fiduciary may hold a security in the name of a nominee or in other form without disclosure of the fiduciary relationship so that title ...

Nevada Revised Statutes Section 163.340

Exercise of options, rights and privileges. A fiduciary may:

1. Exercise all options, rights and privileges to convert stocks, bonds, debentures, notes, mortgages or other property into other stocks, ...

Nevada Revised Statutes Section 163.345

Participation in reorganization. A fiduciary may:

1. Unite with other owners of property similar to any which may be held at any time in the decedent’s estate or in ...

Nevada Revised Statutes Section 163.350

Reduction of interest rate. A fiduciary may reduce the interest rate from time to time on any obligation, whether secured or unsecured, constituting a part of an estate or trust. ...

Nevada Revised Statutes Section 163.355

Continuation of obligation. A fiduciary may continue any obligation, whether secured or unsecured, upon and after maturity with or without renewal or extension upon such terms as the fiduciary deems ...

Nevada Revised Statutes Section 163.360

Foreclosure; bidding in property. A fiduciary may:

1. Foreclose, as an incident to the collection of any bond, note or other obligation, any mortgage, deed of trust or other ...

Nevada Revised Statutes Section 163.365

Insurance. A fiduciary may carry such insurance coverage, including public liability, for such hazards and in such amounts, either in stock companies or in mutual companies, as the fiduciary deems ...

Nevada Revised Statutes Section 163.370

Collections. A fiduciary may collect, receive and receipt for rents, issues, profits and income of an estate or trust. ...

Nevada Revised Statutes Section 163.375

Litigation, compromise or abandonment of claim. A fiduciary may compromise, adjust, arbitrate, sue on or defend, abandon or otherwise deal with and settle claims in favor of or against the ...

Nevada Revised Statutes Section 163.380

Employment and compensation of persons. A fiduciary may employ and compensate, out of income or principal or both and in such proportion as the fiduciary deems advisable, persons deemed by ...

Nevada Revised Statutes Section 163.385

Acquisition and holding of property of two or more trusts undivided.

1. A fiduciary may:

(a) Acquire, receive, hold and retain the principal of several trusts created by ...

Nevada Revised Statutes Section 163.390

Establishment and maintenance of reserves.

1. A fiduciary may:

(a) Set up proper and reasonable reserves for taxes, assessments, insurance premiums, depreciation, obsolescence, amortization, depletion of mineral or ...

Nevada Revised Statutes Section 163.395

Distribution in cash or kind.

1. A fiduciary may:

(a) Make distribution of capital assets of the estate or trust in kind or in cash, or partially in ...

Nevada Revised Statutes Section 163.400

Payment to or for minor or incapacitated person. A fiduciary may:

1. Make payments in money, or in property in lieu of money, to or for a minor or ...

Nevada Revised Statutes Section 163.405

Apportionment or allocation of receipts and expenses. A fiduciary may determine:

1. What is principal and what is income of any estate or trust and may allocate or apportion ...

Nevada Revised Statutes Section 163.410

Execution of contract or other instrument. A fiduciary may make contracts and execute instruments, under seal or otherwise, as may be necessary in the exercise of the powers herein granted. ...

Nevada Revised Statutes Section 163.420

Short title. NRS 163.420 to 163.550, inclusive, shall be known as the Charitable Trust Act of 1971. ...

Nevada Revised Statutes Section 163.430

Declaration of policy. The legislature hereby declares that the policy of the State is to maximize the funds available for charitable purposes by minimizing, to the greatest extent practicable, the ...

Nevada Revised Statutes Section 163.440

References to Internal Revenue Code. As used in NRS 163.420 to 163.550, inclusive, unless otherwise indicated, section references are to the Internal Revenue Code of 1986, as in effect on ...

Nevada Revised Statutes Section 163.450

Definitions. As used in NRS 163.420 to 163.550, inclusive, unless the context otherwise requires, the words and terms defined in NRS 163.460 to 163.500, inclusive, have the meanings ascribed to ...

Nevada Revised Statutes Section 163.460

“Charitable trust” defined. “Charitable trust” means an organization described in Section 4947(a)(1). ...

Nevada Revised Statutes Section 163.470

“Private foundation trust” defined. “Private foundation trust” means a trust as defined in Section 509(a), including a trust described in Section 4947(a)(1). ...

Nevada Revised Statutes Section 163.480

“Split interest trust” defined. “Split interest trust” means a trust for individual and charitable beneficiaries as defined in and subject to the provisions of Section 4947(a)(2). ...

Nevada Revised Statutes Section 163.490

“Trust” defined. “Trust” means an express trust created by a trust instrument, including a last will and testament. ...

Nevada Revised Statutes Section 163.500

“Trustee” defined. “Trustee” means a trustee, trustees, person or persons possessing a power or powers referred to in NRS 163.420 to 163.550, inclusive. ...

Nevada Revised Statutes Section 163.510

Applicability. The provisions of NRS 163.420 to 163.550, inclusive, which are applicable to any of the trusts defined in NRS 163.460 to 163.500, inclusive, of this act apply to all ...

Nevada Revised Statutes Section 163.520

Prohibited acts.

1. In the administration of any private foundation trust, split interest trust or charitable trust which is subject to the provisions of the Internal Revenue Code of ...

Nevada Revised Statutes Section 163.530

Minimum distribution required. In the administration of any trust which is a private foundation trust or a charitable trust, there shall be distributed for the purposes specified in the trust ...

Nevada Revised Statutes Section 163.540

Amendment of trust instrument: Procedure.

1. A court of this state having jurisdiction over any trust to which NRS 163.420 to 163.550, inclusive, apply may amend any trust instrument ...

Nevada Revised Statutes Section 163.550

Amendment of trust instrument: Provision for termination of status as private foundation. In addition to amending, revising, deleting or adding provisions to the articles of the trust to conform to ...

Nevada Revised Statutes Section 163.560

Irrevocable trust not to be construed as revocable.

1. If the settlor of any trust specifically declares in the instrument creating the trust that such trust is irrevocable it ...

Nevada Revised Statutes Section 163.565

Effect of divorce or annulment of marriage of settlor on revocable inter vivos trust. Divorce or annulment of the marriage of a settlor revokes every devise, beneficial interest or designation ...

Nevada Revised Statutes Section 163.570

Powers of trustee concerning gifts made by surviving spouse of decedent. A trustee may:

1. Join with a decedent’s surviving spouse or the personal representative of the decedent’s estate ...

Nevada Revised Statutes Section 163.580

Duty of third person to ensure proper application of trust property. A third person who acts in good faith is not bound to ensure the proper application of trust property ...

Nevada Revised Statutes Section 163.590

Disposition of certain tangible personal property by reference to statement or list; requirements for admissibility of statement or list as evidence of intended disposition.

1. Whether or not the ...

Nevada Revised Statutes Section 164.005

Applicability of provisions of chapters 132, 153 and 155 of NRS regulating matters of estates. When not otherwise inconsistent with the provisions of chapters 162 to 167, inclusive, of NRS, ...

Nevada Revised Statutes Section 164.010

Trustee: Petition for confirmation of appointment; jurisdiction of court; petition for removal of trust from jurisdiction of court.

1. Upon petition of any person appointed as trustee of an ...

Nevada Revised Statutes Section 164.015

Petition concerning internal affairs of nontestamentary trust; jurisdiction of court; final order; appeal.

1. The court has exclusive jurisdiction of proceedings initiated by the petition of an interested person ...

Nevada Revised Statutes Section 164.025

Notice of death of settlor; filing of claim against trust estate; effect of failure to file claim; notice to Department of Human Resources; notice of rejected claim; effect of failure ...

Nevada Revised Statutes Section 164.030

Petition for instructions: Notice; hearing; final order; appeal.

1. Any trustee whose appointment has been confirmed, as provided in NRS 164.010, at any time thereafter may petition the court ...

Nevada Revised Statutes Section 164.033

Petition concerning conveyance, transfer or delivery of property of trust; notice of hearing; order; appeal.

1. The trustee or an interested person may petition the court to enter an ...

Nevada Revised Statutes Section 164.037

Petitions: Notice and hearing. Except as otherwise provided in NRS 164.033, the clerk shall set a petition authorized by this chapter for hearing, and the petitioner shall give notice to ...

Nevada Revised Statutes Section 164.040

Power or jurisdiction of court not abridged; court may take action necessary or proper to dispose of matter presented by petition.

1. NRS 164.010 and 164.015 do not limit ...

Nevada Revised Statutes Section 164.050

Standard of care in investing and managing property. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.060

Investments and loans secured by Federal Housing Administrator. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.065

Investments in farm loan bonds and other obligations issued by federal land banks and banks for cooperatives. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.067

Power to sell, convey or encumber.

1. When title to real or personal property is taken in the name of a trustee, the trustee has the power to sell, ...

Nevada Revised Statutes Section 164.070

Short title. NRS 164.070 to 164.100, inclusive, may be cited as the Uniform Common Trust Fund Act. ...

Nevada Revised Statutes Section 164.080

Establishment; investments; management.

1. Any bank or trust company qualified to act as fiduciary in this state, or in any other state if affiliated with a bank or trust ...

Nevada Revised Statutes Section 164.090

Accountings. Unless ordered by a court of competent jurisdiction, the bank or trust company operating common trust funds is not required to render a court accounting with regard to those ...

Nevada Revised Statutes Section 164.100

Uniformity of interpretation. NRS 164.070 to 164.100, inclusive, must be so interpreted and construed as to effectuate their general purpose to make uniform the law of those states which enact ...

Nevada Revised Statutes Section 164.130

Transfer by court to another judicial district in this state or court outside Nevada. Upon petition by any person appointed by the court or otherwise as trustee, with the concurrence ...

Nevada Revised Statutes Section 164.140

Short title. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.150

Definitions. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.160

“Income” defined. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.170

“Income beneficiary” defined. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.180

“Inventory value” defined. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.190

“Principal” defined. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.200

“Remainderman” defined. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.210

“Trustee” defined. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.220

Duty of trustee as to receipts and expenditures. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.230

Charges. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.240

When right to income arises; apportionment of income. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.250

Expenses of settlement of estate of decedent; income earned during administration of estate. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.260

Corporate distributions. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.270

Premiums and discounts on bonds. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.280

Business and farming operations. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.290

Disposition of natural resources. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.300

Timber. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.310

Other property subject to depletion. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1983.) ...

Nevada Revised Statutes Section 164.320

Underproductive property. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1984.) ...

Nevada Revised Statutes Section 164.330

Charges against income. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1984.) ...

Nevada Revised Statutes Section 164.340

Charges against principal. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1984.) ...

Nevada Revised Statutes Section 164.350

Apportionment of regularly recurring charges payable from income. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1984.) ...

Nevada Revised Statutes Section 164.360

Applicability. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1984.) ...

Nevada Revised Statutes Section 164.370

Uniformity of interpretation. Repealed. (See chapter 355, Statutes of Nevada 2003, at page 1984.) ...

Nevada Revised Statutes Section 164.400

Presentation; effect; form.

1. Except in connection with an application for benefits pursuant to chapter 422 of NRS, a trustee may present a certification of trust to any person, ...

Nevada Revised Statutes Section 164.410

Contents.

1. A certification of trust may confirm the following facts or contain the following information:

(a) The existence of the trust and date of execution of any ...

Nevada Revised Statutes Section 164.420

Dispositive provisions not required; person presented with certification may request excerpts from trust instrument designating trustee. A certification of trust need not contain the dispositive provisions of the trust, but ...

Nevada Revised Statutes Section 164.430

Reliance upon facts contained in certification; enforceability.

1. A person who acts in reliance upon a certification of trust without knowledge that the representations contained therein are incorrect is ...

Nevada Revised Statutes Section 164.440

Failure to demand certification not improper act; liability. A person’s failure to demand a certification of trust may not be considered to be an improper act by him and no ...

Nevada Revised Statutes Section 164.500

Short title. NRS 164.500 to 164.630, inclusive, may be cited as the Uniform Management-of-Institutional-Funds Act. ...

Nevada Revised Statutes Section 164.510

Definitions. As used in NRS 164.500 to 164.630, inclusive, the words and terms defined in NRS 164.520 to 164.570, inclusive, have the meanings ascribed to them in those sections. ...

Nevada Revised Statutes Section 164.520

“Donative instrument” defined. “Donative instrument” means a will, trust, deed, grant, conveyance, agreement, memorandum, writing or other governing document, including the terms of any institutional solicitations from which an institutional ...

Nevada Revised Statutes Section 164.530

“Endowment fund” defined. “Endowment fund” means an institutional fund, or any part of the fund, not wholly expendable by the institution currently under the terms of the applicable donative instrument. ...

Nevada Revised Statutes Section 164.540

“Governing board” defined. “Governing board” means the body responsible for the management of an institution or institutional fund. ...

Nevada Revised Statutes Section 164.550

“Historical monetary value” defined. “Historical monetary value” means the aggregate fair value in money of an endowment fund at the time it became an endowment fund, each subsequent donation to ...

Nevada Revised Statutes Section 164.560

“Institution” defined. “Institution” means an organization, whether or not incorporated, organized and operated exclusively for educational, religious, charitable or other eleemosynary purposes, or a governmental organization to the extent that ...

Nevada Revised Statutes Section 164.570

“Institutional fund” defined. “Institutional fund” means a fund held by an institution for its exclusive use, benefit or purposes, but does not include a fund held for an institution by ...

Nevada Revised Statutes Section 164.580

Governing board authorized to appropriate certain assets of endowment fund for expenditure under certain circumstances; conclusivity of determination of historical monetary value.

1. A governing board may appropriate for ...

Nevada Revised Statutes Section 164.590

Exception to provision authorizing governing board to appropriate certain assets of endowment fund; applicability.

1. NRS 164.580 does not apply if the applicable donative instrument indicates the donor’s intention ...

Nevada Revised Statutes Section 164.600

Additional investments. In addition to an investment otherwise authorized by law or by the applicable donative instrument, and without restriction to investments a fiduciary may make, a governing board, subject ...

Nevada Revised Statutes Section 164.610

Powers of governing board: Delegation of authority to invest institutional funds; employment of certain persons to provide advisory or managerial services. Except as otherwise provided by the applicable donative instrument ...

Nevada Revised Statutes Section 164.620

Standard of care for exercise of certain powers by governing board; additional considerations.

1. In the administration of the powers to appropriate appreciation, to make and retain investments, and ...

Nevada Revised Statutes Section 164.630

Release by governing board of certain restrictions on use or investment of institutional fund: Requirements; limitations.

1. With the written consent of the donor, a governing board may release, ...

Nevada Revised Statutes Section 164.700

Definitions. As used in NRS 164.700 to 164.925, inclusive:

1. “Fiduciary” means a trustee or, to the extent that NRS 164.780 to 164.925, inclusive, apply to an estate, a ...

Nevada Revised Statutes Section 164.705

Short title. NRS 164.700 to 164.775, inclusive, may be cited as the Uniform Prudent Investor Act. ...

Nevada Revised Statutes Section 164.710

Administration of trust or estate by fiduciary in accordance with its terms or in accordance with provisions of NRS. In performing his duties under NRS 164.700 to 164.925, inclusive, a ...

Nevada Revised Statutes Section 164.715

Acting in interest of beneficiaries. A trustee shall invest and manage the trust property solely in the interest of the beneficiaries. ...

Nevada Revised Statutes Section 164.720

Trust having two or more beneficiaries; impartial administration of trust or estate.

1. If a trust has two or more beneficiaries, the trustee shall act impartially in investing and ...

Nevada Revised Statutes Section 164.725

Notice of proposed action: Authorized; to whom notice must be sent; content; objection to proposed action; liability of trustee; court order to take action over objection; burden of proof; notice ...

Nevada Revised Statutes Section 164.730

No duty to make adjustment between principal and income; trustee immunity from liability.

1. The provisions of NRS 164.700 to 164.925, inclusive, do not impose or create a duty ...

Nevada Revised Statutes Section 164.735

Applicability. Except as specifically provided in a trust instrument, a will or NRS 164.700 to 164.925, inclusive, the provisions of NRS 164.700 to 164.925, inclusive, apply to any trust or ...

Nevada Revised Statutes Section 164.740

Duty to comply with prudent investor rule; trustee acting in reliance on trust terms immune from liability. A trustee who invests and manages trust property owes a duty to the ...

Nevada Revised Statutes Section 164.745

Satisfaction of prudent investor standard; evaluation of decisions; consideration of circumstances; verification of facts; types of investments; special skills or expertise of trustee.

1. A trustee shall invest and ...

Nevada Revised Statutes Section 164.750

Diversification of investments. A trustee shall diversify the investments of the trust unless he reasonably determines that, because of special circumstances, the purposes of the trust are better served without ...

Nevada Revised Statutes Section 164.755

Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time. Within a reasonable time after accepting a trusteeship or receiving ...

Nevada Revised Statutes Section 164.760

Incurring costs. In investing and managing trust property, a trustee may only incur costs that are appropriate and reasonable in relation to the property, the purposes of the trust and ...

Nevada Revised Statutes Section 164.765

Determination of compliance with prudent investor rule. Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee’s decision ...

Nevada Revised Statutes Section 164.770

Delegation of functions by trustee; standard of care owed by agent; trustee immunity from liability; jurisdiction over agent.

1. A trustee may delegate functions of investment and management that ...

Nevada Revised Statutes Section 164.775

Terms and language of trust which authorize certain investments or strategies. The following terms or comparable language in the terms of a trust, unless otherwise limited or modified, authorizes any ...

Nevada Revised Statutes Section 164.780

Short title. NRS 164.700, subsection 2 of NRS 164.720 and NRS 164.780 to 164.925, inclusive, may be cited as the Uniform Principal and Income Act (1997). ...

Nevada Revised Statutes Section 164.785

Definitions. As used in NRS 164.780 to 164.925, inclusive:

1. “Accounting period” means a calendar year unless another 12-month period is selected by a fiduciary. The term includes a ...

Nevada Revised Statutes Section 164.790

Allocation of receipt or disbursement to principal when terms of trust and provisions of NRS do not provide rule. In allocating receipts and disbursements to or between principal and income, ...

Nevada Revised Statutes Section 164.795

Adjustment between principal and income; consideration of factors; adjustment prohibited under certain circumstances; release of power to adjust; effect of terms of trust that limit power to adjust.

1. ...

Nevada Revised Statutes Section 164.800

Applicable rules after death of decedent or end of income interest in trust. After a decedent dies, in the case of an estate, or after an income interest in a ...

Nevada Revised Statutes Section 164.805

Distribution of net income to beneficiaries; rules for determining share of net income.

1. Each beneficiary described in subsection 4 of NRS 164.800 is entitled to receive a portion ...

Nevada Revised Statutes Section 164.810

Date on which income interest begins; date on which asset becomes subject to trust or successive income interest; date on which income interest ends.

1. An income beneficiary is ...

Nevada Revised Statutes Section 164.815

Allocation of certain income receipts and disbursements; due dates for certain payments and distributions.

1. A trustee shall allocate an income receipt or disbursement other than one to which ...

Nevada Revised Statutes Section 164.820

Payment of undistributed income upon end of mandatory income interest; prorating final payment upon end of obligation to pay fixed annuity or fixed fraction of value of trust’s assets.

...

Nevada Revised Statutes Section 164.825

Allocation of money received from entity to income; allocation of receipts from entity to principal; partial liquidation; reliance upon statement about source of character of distribution.

1. As used ...

Nevada Revised Statutes Section 164.830

Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity. A trustee shall allocate ...

Nevada Revised Statutes Section 164.835

Accounting separately for business or other activity.

1. If a trustee who conducts a business or other activity determines that it is in the best interest of all the ...

Nevada Revised Statutes Section 164.840

Allocation of assets, money, property and other receipts to principal. A trustee shall allocate to principal:

1. To the extent not allocated to income under NRS 164.780 to 164.925, ...

Nevada Revised Statutes Section 164.845

Allocation of receipts from rental property to income; treatment of refundable deposit. To the extent that a trustee accounts for receipts from rental property pursuant to this section, he shall ...

Nevada Revised Statutes Section 164.850

Allocation of interest on obligation to pay money to trustee to income; allocation of amount received from disposition of certain obligations to principal; applicability of provisions.

1. An amount ...

Nevada Revised Statutes Section 164.855

Allocation of proceeds of life insurance policy and certain contracts to principal; allocation of dividends on insurance policy to income or principal.

1. Except as otherwise provided in this ...

Nevada Revised Statutes Section 164.860

Allocation of entire amount to principal if allocation between principal and income under certain circumstances in insubstantial. If a trustee determines that an allocation between principal and income required by ...

Nevada Revised Statutes Section 164.865

Allocation of certain payments received because of services rendered or property transferred to payor in exchange for future payments to income or principal, or both.

1. As used in ...

Nevada Revised Statutes Section 164.870

Allocation of receipts from liquidating assets to income and principal.

1. As used in this section, “liquidating asset” means an asset whose value will diminish or terminate because the ...

Nevada Revised Statutes Section 164.875

Allocation of receipts from interest in minerals to income or to income and principal; allocation of receipts from interest in water to income or to income and principal; applicability.

...

Nevada Revised Statutes Section 164.880

Allocation of net receipts from sale of timber and related products to income or principal, or both; applicability.

1. To the extent that a trustee accounts for receipts from ...

Nevada Revised Statutes Section 164.885

Request of spouse if marital deduction is allowed and amounts transferred from principal to income and distributed are insufficient to obtain marital deduction; proceeds from sale or disposition of assets ...

Nevada Revised Statutes Section 164.890

Allocation of receipts from and disbursements made in connection with transactions in derivatives to principal; allocation of amount received for granting certain options to principal.

1. As used in ...

Nevada Revised Statutes Section 164.895

Allocation from proceeds of collateral financial assets to income and principal; allocation of payments in exchange for interest in asset-backed security to principal or to principal and income.

1. ...

Nevada Revised Statutes Section 164.900

Disbursements required to be made from income. A trustee shall make the following disbursements from income to the extent that they are not disbursements to which paragraph (b) or (c) ...

Nevada Revised Statutes Section 164.905

Disbursements required to be made from principal.

1. A trustee shall make the following disbursements from principal:

(a) The remaining one-half of the disbursements described in subsections 1 ...

Nevada Revised Statutes Section 164.910

Transfer of net cash receipts from principal asset subject to depreciation to principal.

1. As used in this section, “depreciation” means a reduction in value due to wear, tear, ...

Nevada Revised Statutes Section 164.915

Transfer of amount from income to principal to make certain principal disbursements.

1. If a trustee makes or expects to make a principal disbursement described in this section, he ...

Nevada Revised Statutes Section 164.920

Payment of taxes required to be paid by trustee.

1. A tax required to be paid by a trustee based on receipts allocated to income must be paid from ...

Nevada Revised Statutes Section 164.925

Adjustments between principal and income to offset shifting economic interests or tax benefits between income beneficiaries and remainder beneficiaries; reimbursement of principal if estate taxes are increased and income taxes ...

Nevada Revised Statutes Section 165.010

Short title. This chapter shall be cited as the Uniform Trustees’ Accounting Act. ...

Nevada Revised Statutes Section 165.020

Definitions.

1. As used in this chapter:

(a) “Affiliate” means any person directly or indirectly controlling or controlled by another person, or any person under direct or indirect ...

Nevada Revised Statutes Section 165.030

Inventory. Within 75 days after a testamentary trustee receives possession of trust property, the trustee shall file with the court where the will was admitted to probate an inventory under ...

Nevada Revised Statutes Section 165.040

Intermediate accountings: General requirements; exceptions.

1. Except as otherwise provided in subsection 3, within 60 days after the end of the calendar year in which the testamentary trustee had ...

Nevada Revised Statutes Section 165.045

Intermediate accountings: Notice; hearing.

1. Every testamentary trustee who files an intermediate account in court shall, within 10 days after the filing, deliver to each known beneficiary a notice ...

Nevada Revised Statutes Section 165.050

Final accounting: General requirements. Within 60 days after the termination of a testamentary trust, the trustee, and in the case of the transfer of the trusteeship because of the death, ...

Nevada Revised Statutes Section 165.055

Final accounting: Notice. At least 10 days before the hearing of a petition to approve a final accounting, the testamentary trustee shall deliver to each beneficiary a copy of the ...

Nevada Revised Statutes Section 165.060

Accounting of distribution of property; discharge of trustee. Within 30 days after the distribution of the trust property by the testamentary trustee, the trustee shall file in the court where ...

Nevada Revised Statutes Section 165.090

Vouchers, cancelled checks or other documents supporting account; lost vouchers.

1. Except as provided in subsection 2, when an intermediate or final account is presented for consideration in court, ...

Nevada Revised Statutes Section 165.100

Representation of beneficiary. A beneficiary who is a minor or otherwise legally incapacitated, and also possible unborn or unascertained beneficiaries, may be represented in a testamentary trust accounting by a ...

Nevada Revised Statutes Section 165.110

Proceedings in court. On or before the date of the hearing of a petition for approval of an intermediate or final account, the testamentary trustee shall file an affidavit or ...

Nevada Revised Statutes Section 165.120

Approval or disapproval by court; reopening. The approval by the court of a testamentary trustee’s account after due notice and service of papers or representation as provided in this chapter, ...

Nevada Revised Statutes Section 165.135

Accounts. The trustee of a nontestamentary trust shall, not less often than annually, furnish to each beneficiary who is currently entitled to receive income pursuant to the terms of the ...

Nevada Revised Statutes Section 165.150

Duties of clerks and courts. The clerks of the district courts shall severally keep records of all trust inventories and accounts filed with their respective courts. Those courts shall, upon ...

Nevada Revised Statutes Section 165.160

Power of settlor. The provisions of this chapter shall have no application to nontestamentary trusts unless the settlor shall expressly so declare in the instrument creating the trust. But no ...

Nevada Revised Statutes Section 165.170

Power of beneficiary. Any beneficiary, if of full age and sound mind, may, if acting upon full information, by written instrument delivered to the trustee, excuse the trustee as to ...

Nevada Revised Statutes Section 165.180

Accountability of trustees at other times. This chapter does not abridge the power of any court of competent jurisdiction to require testamentary or nontestamentary trustees to file an inventory, to ...

Nevada Revised Statutes Section 165.190

Enforcement. A beneficiary may petition the court having jurisdiction over the accountings, as prescribed in this chapter, for an order requiring the trustee to perform the duties imposed upon him ...

Nevada Revised Statutes Section 165.200

Penalties for violation of chapter. When a trustee fails to perform any of the duties imposed upon him by this chapter he may be removed, his compensation may be reduced ...

Nevada Revised Statutes Section 165.210

Form of inventory and accounts; compensation of attorney for intermediate and final accounts.

1. The courts given jurisdiction over accountings by this chapter may prescribe forms in which inventories ...

Nevada Revised Statutes Section 165.220

Oaths. Whenever an oath or affirmation is required of a trustee under this chapter, it may be made in the case of a corporate trustee by an officer of such ...

Nevada Revised Statutes Section 165.230

Charitable trusts. This chapter shall apply to charitable trusts. Documents required to be delivered to beneficiaries of such trusts shall be delivered to the Attorney General. ...

Nevada Revised Statutes Section 165.240

Uniformity of interpretation. This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. ...

Nevada Revised Statutes Section 166.010

Short title. This chapter may be referred to by the short title of Spendthrift Trust Act of Nevada, and such reference will be sufficient for all purposes. ...

Nevada Revised Statutes Section 166.015

Applicability of chapter; requirement of trustee if settlor is beneficiary of trust.

1. Unless the writing declares to the contrary, expressly, this chapter governs the construction, operation and enforcement, ...

Nevada Revised Statutes Section 166.020

“Spendthrift trust” defined. For the purposes of this chapter, a spendthrift trust is defined to be a trust in which by the terms thereof a valid restraint on the voluntary ...

Nevada Revised Statutes Section 166.025

Terms: “Writing” or “written.” As used in this chapter, unless the context otherwise requires, when the term “writing” or “written” is used in reference to a will, trust or instrument, ...

Nevada Revised Statutes Section 166.040

Writing required; competency of settlor.

1. Any person competent by law to execute a will or deed may, by writing only, duly executed, by will, conveyance or other writing, ...

Nevada Revised Statutes Section 166.050

No specific language necessary for creation of trust. No specific language is necessary for the creation of a spendthrift trust. It is sufficient if by the terms of the writing ...

Nevada Revised Statutes Section 166.070

Principles enumerated in NRS 166.080 to 166.150, inclusive. Unless the writing shall declare to the contrary, expressly, the construction, operation and enforcement of all spendthrift trusts, heretofore or ...

Nevada Revised Statutes Section 166.080

Beneficiaries to be named. The beneficiary or beneficiaries of such trust shall be named or clearly referred to in the writing. No spouse, former spouse, child or dependent shall be ...

Nevada Revised Statutes Section 166.090

Provision for support.

1. Provision for the beneficiary will be for the support, education, maintenance and benefit of the beneficiary alone, and without reference to or limitation by his ...

Nevada Revised Statutes Section 166.100

Income. Provision for the beneficiary will extend to all of the income from the trust estate, devoted for that purpose by the creator of the trust, without exception or deduction, ...

Nevada Revised Statutes Section 166.110

Discretion of trustee.

1. In all cases where the creator of a spendthrift trust shall indicate the sum to be applied for or paid to the beneficiary or shall ...

Nevada Revised Statutes Section 166.120

Restraints on alienation.

1. A spendthrift trust as defined in this chapter restrains and prohibits generally the assignment, alienation, acceleration and anticipation of any interest of the beneficiary under ...

Nevada Revised Statutes Section 166.130

Legal estate of beneficiary in corpus. A beneficiary of a spendthrift trust has no legal estate in the capital, principal or corpus of the trust estate unless under the terms ...

Nevada Revised Statutes Section 166.140

Perpetuities. A spendthrift trust may not continue for a period longer than that allowed under NRS 111.103 to 111.1039, inclusive. The free alienation of the legal estate by the trustee ...

Nevada Revised Statutes Section 166.150

Accumulation of income. An accumulation of the income of trust property may be directed in the will or other writing creating a spendthrift trust, for the benefit of one or ...

Nevada Revised Statutes Section 166.160

Settlor may make different provisions. The principles stated in NRS 166.080 to 166.150, inclusive, shall not prevent the creator of any spendthrift trust, by will or other writing, from making ...

Nevada Revised Statutes Section 166.170

Limitation of actions with respect to transfer of property to trust. A person may not bring an action with respect to a transfer of property to a spendthrift trust:

...

Nevada Revised Statutes Section 167.010

Short title. This chapter may be cited as Nevada’s Uniform Act on Transfers to Minors. ...

Nevada Revised Statutes Section 167.020

Definitions. In this chapter, unless the context otherwise requires:

1. “Adult” means a person who has attained the age of 18 years.

2. “Benefit plan” means an employer’s ...

Nevada Revised Statutes Section 167.021

Applicability; custodian subject to personal jurisdiction.

1. This chapter applies to a transfer that refers to Nevada’s Uniform Act on Transfers to Minors in the designation under subsection 1 ...

Nevada Revised Statutes Section 167.023

Transfer by gift or exercise of power of appointment. A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor ...

Nevada Revised Statutes Section 167.025

Transfer authorized in will or trust.

1. A personal representative or trustee may make an irrevocable transfer pursuant to the provisions of this chapter to a custodian for the ...

Nevada Revised Statutes Section 167.027

Transfer not authorized in will or trust; transfer by conservator.

1. A personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian ...

Nevada Revised Statutes Section 167.029

Transfer by debtor or person holding property of minor.

1. A person not subject to NRS 167.025 or 167.027 who holds property of or owes a liquidated debt to ...

Nevada Revised Statutes Section 167.030

Creation of custodial property; manner of making transfer.

1. Custodial property is created and a transfer is made when:

(a) An uncertificated security or a certificated security in ...

Nevada Revised Statutes Section 167.033

Nomination of custodian to serve upon future event.

1. A person having the right to designate the recipient of property transferable upon the occurrence of a future event may ...

Nevada Revised Statutes Section 167.034

Delay of time for certain transfers; requirements.

1. Subject to the limitations of this section, the time for transfer to the minor of custodial property transferred under NRS 167.023, ...

Nevada Revised Statutes Section 167.035

Validity of transfer. The validity of a transfer made in a manner prescribed in this chapter is not affected by:

1. The failure of the transferor to comply with ...

Nevada Revised Statutes Section 167.040

Effect of transfer.

1. A transfer made in a manner prescribed in this chapter is irrevocable and conveys to the minor indefeasibly vested legal title to the custodial property, ...

Nevada Revised Statutes Section 167.043

Acknowledgment of delivery of custodial property. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to the ...

Nevada Revised Statutes Section 167.045

Rights of custodian.

1. A custodian, acting in a custodial capacity, has all the rights, powers and authority over custodial property that an unmarried adult has over his own ...

Nevada Revised Statutes Section 167.050

Duties and powers of custodian.

1. The custodian shall:

(a) Take control of the custodial property;

(b) Register or record title to the custodial property, if appropriate; ...

Nevada Revised Statutes Section 167.055

Delivery, payment or expenditure of custodial property for benefit of minor.

1. A custodian may deliver or pay to the minor or expend for the minor’s benefit so much ...

Nevada Revised Statutes Section 167.060

Expenses, compensation and bond of custodian.

1. A custodian is entitled to reimbursement from the custodial property for his reasonable expenses incurred in the performance of his duties.

...

Nevada Revised Statutes Section 167.070

Exemption of third persons from liability. A third person acting in good faith and without court order may act on the instructions of or otherwise deal with any person purporting ...

Nevada Revised Statutes Section 167.080

Disclaimer, resignation, death or removal of custodian; designation of successor custodian; petition to remove or require bond of custodian.

1. A person nominated or designated as a custodian may ...

Nevada Revised Statutes Section 167.085

Claims against custodial property; liability of custodian and minor.

1. A claim based on:

(a) A contract entered into by a custodian acting in a custodial capacity;

...

Nevada Revised Statutes Section 167.090

Petition for accounting by custodian or determination of responsibility by court; delivery of custodial property and records to successor custodian.

1. The minor, if he has attained the age ...

Nevada Revised Statutes Section 167.095

Transfer by custodian to minor. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:

1. ...

Nevada Revised Statutes Section 167.100

Construction. This chapter must be so applied and construed as to effectuate its general purpose to make uniform the law of those states which enact it. ...



Last modified: February 25, 2006