Assembly Bill No. 400–Assemblymen Lee, Anderson,
Bache and Goldwater
CHAPTER........
AN ACT relating to the devolution of property and rights; providing for the administration of
trusts and the estates of decedents; and providing other matters properly relating
thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. Chapter 132 of NRS is hereby amended by adding thereto
the provisions set forth as sections 2 to 71, inclusive, of this act.
Sec. 2.
As used in this Title, unless the context otherwise requires,the words and terms defined in sections 3 to 71, inclusive, of this act have
the meanings ascribed to them in those sections.
Sec. 3.
"Abatement" means a proportional reduction of a pecuniarydevise when the money or other assets out of which the devise is payable
are not sufficient to pay the devise in full.
Sec. 4.
"Acknowledgment" means a declaration that an instrumenthas been executed for the purposes stated therein and, if the instrument
was executed in a representative capacity, that the instrument was signed
with proper authority and executed as the act of the person represented
and identified therein.
Sec. 5.
"Administrator" means a person not designated in a will whois appointed by the court to administer an estate.
Sec. 6.
"Agent" means a person authorized to represent or act foranother person, including an attorney in fact under a durable or
nondurable power of attorney and a person authorized to make decisions
concerning the health care of another person.
Sec. 7.
"Beneficiary," as it relates to:1. A trust, includes a person who has a present or future interest,
vested or contingent, and the owner of an interest by assignment or other
transfer;
2. A charitable trust, includes any person entitled to enforce the
trust;
3. An instrument designating a beneficiary, includes a beneficiary of
an insurance policy or annuity, of an account designated as payable on
death, of a security registered as transferable on death or of a pension,
profit-sharing, retirement or similar benefit plan or other nonprobate
transfer at death; and
4. A beneficiary designated in a governing instrument, includes a
grantee of a deed, a devisee, a beneficiary of a trust, a beneficiary under
a designation, a donee, appointee or taker in default under a power of
appointment, or a person in whose favor a power of attorney or a powerheld in any individual, fiduciary or representative capacity is
exercised,
but does not include a person who receives less than $100 under a will.
Sec. 8.
"Child" includes a person entitled to take as a child byintestate succession from the parent whose relationship is involved and
excludes a person who is a stepchild, a foster child, a grandchild or any
more remote descendant.
Sec. 9.
"Citation" means a document issued by the clerk of thecourt, as authorized by statute or ordered by the court, requiring a person
to appear, directing a person to act or conduct himself in a specified way,
or notifying a person of a hearing.
Sec. 10.
"Claim," in respect to the estate of a decedent, includes aliability of the decedent, whether arising in contract, in tort or otherwise,
that arises before the death of the decedent.
Sec. 11.
"Codicil" means an addition to a will that may modify orrevoke one or more provisions of the will, or add one or more provisions
to the will, and is signed with the same formalities as a witnessed or
holographic will.
Sec. 12.
"Community property" has the meaning ascribed to it inNRS 123.220.
Sec. 13.
"Community property with right of survivorship" meanscommunity property in which a right of survivorship exists pursuant to
NRS 111.064 or 115.060 or any other provision of law.
Sec. 14.
"Descendant" includes descendants of all generations. Forthe purposes of this section, the relationship of parent and child at each
generation is determined by the definitions of "child" and "parent"
contained in this Title.
Sec. 15.
"Designation of beneficiary" means a governing instrumentnaming a beneficiary of an insurance policy or annuity, of an account
designated as payable on death, of a security registered as transferable
on death, or of a pension, profit-sharing, retirement or similar benefit
plan or other nonprobate transfer at death.
Sec. 16.
"Devise," used as a noun, means a testamentary dispositionof real or personal property and, used as a verb, means to dispose of real
or personal property by will.
Sec. 17.
"Devisee" means a person designated in a will to receive adevise. For the purposes of chapters 133, 134, 135 and 148 of NRS, in
the case of a devise to an existing trust or trustee, or to a trustee of a trust
described by will, the term means the trust or trustee, and not a
beneficiary of the trust.
Sec. 18.
"Disclaimant" means a person who executes a disclaimer.The term includes a beneficiary and his guardian, personal
representative, general attorney in fact, and special attorney in fact with
power to disclaim.
Sec. 19. "Disclaimer" means a written instrument that declines,refuses, renounces or disclaims an interest to which a beneficiary would
otherwise succeed.
Sec. 20.
"Distributee" means a person who has received property ofa decedent from his personal representative other than as a creditor or
purchaser. A testamentary trustee is a distributee only to the extent of
distributed assets or increment thereto remaining in his hands. A
beneficiary of a testamentary trust to whom the trustee has distributed
property received from a personal representative is a distributee of the
personal representative. As used in this section, "testamentary trustee"
includes a trustee to whom assets are transferred by will to the extent of
the devised assets.
Sec. 21.
"Estate" includes the property of the decedent or trustwhose affairs are subject to this Title as it is originally constituted and as
it exists from time to time during administration.
Sec. 22.
"Estate tax" means federal estate tax, including any interestand penalty thereon.
Sec. 23.
"Executor" means a person nominated in a will andappointed by the court to execute the provisions of the will and
administer the estate of the decedent.
Sec. 24.
"Expenses of administration" means funeral expenses andexpenses actually and properly incurred by a personal representative in
the administration of an estate, plus the fees of the personal
representative, any attorney retained by him and any other consultant
engaged by him.
Sec. 25.
"Family allowance" means the money allocated from theestate by the court pursuant to NRS 146.030.
Sec. 26.
"Fiduciary" includes a personal representative, guardianand trustee.
Sec. 27.
"Gift" means a gratuitous transfer of property to a recipientfor less than full market value.
Sec. 28.
"Governing instrument" means:1. A deed, will, trust, insurance policy or annuity, designated as
payable on death;
2. A security registered as transferable on death;
3. A pension, profit-sharing, retirement or similar benefit plan;
4. An instrument creating or exercising a power of appointment or a
power of attorney; or
5. A dispositive, appointive or nominative instrument of any similar
type.
Sec. 29.
"Guardian" means a person who has qualified as theguardian of a minor or incapacitated person pursuant to testamentary or
judicial appointment, but does not include a guardian ad litem.
Sec. 30.
"Heirs" means persons, including the surviving spouse andthe state, who are entitled by intestate succession to the property of a
decedent.
Sec. 31. "Holographic will" means a testamentary document thatcomplies with the requirements of NRS 133.090.
Sec. 32.
"Incapacitated person" means a person who is impaired byreason of mental illness, mental deficiency, advanced age, disease,
weakness of mind or any other cause except minority, to the extent of
lacking sufficient understanding or capacity to make or communicate
responsible decisions.
Sec. 33.
"Interest" means:1. The whole of any property, real or personal, legal or equitable,
present or future, or any part thereof, or any other estate therein;
2. A power to appoint, consume, apply or expend property; or
3. Any other right, power, privilege or immunity relating to property.
Sec. 34.
"Interested person" includes an heir, devisee, child, spouse,creditor, beneficiary and any other person having a property right in or
claim against a trust estate or the estate of a decedent. The term includes
a person having priority for appointment as a personal representative
and other fiduciaries representing interested persons. The meaning as it
relates to particular persons must be determined according to the
particular purposes of, and matter involved in, a proceeding.
Sec. 35.
"Intestate," used as a noun, means a decedent who dieswithout leaving a will.
Sec. 36.
"Intestate estate" includes an estate where no will has beenoffered or admitted to probate as the last will and testament and an estate
where the will does not distribute the entire estate.
Sec. 37.
"Inventory" means the description of assets required byNRS 144.040.
Sec. 38.
"Issue" means children, grandchildren or more remotelineal descendants.
Sec. 39.
"Joint tenants with right of survivorship" include co-ownersof property held under circumstances that entitle one or more to the
whole of the property on the death of the other or others.
Sec. 40.
"Lease" includes an oil, gas or other mineral lease.Sec. 41.
"Letters" includes letters testamentary, letters ofadministration, letters of administration with will annexed and letters of
special administration.
Sec. 42.
"Lien" means a charge upon property for the satisfaction ofa debt, including an obligation not satisfied, a judgment, unpaid taxes
and an unpaid obligation for materials or labor.
Sec. 43.
"Minor" means a person who is under 18 years of age.Sec. 44.
"Mortgage" means a conveyance, agreement orarrangement in which property is encumbered or used as security.
Sec. 45.
"Notice" means information provided pursuant to NRS155.010, 155.020 or any other statute requiring advance information of
an opportunity, obligation or the occurrence of an event.
Sec. 46.
"Oath" means a form of attestation which affirms that thetaker will faithfully perform the duties of a specified office.
Sec. 47. "Order" includes a declaration, decree or judgment by acourt and is a final judgment for all purposes, including an appeal under
NRS 155.190.
Sec. 48.
"Parent" includes any person entitled to take, or who wouldbe entitled to take if the child died without a will, as a parent by intestate
succession from the child whose relationship is in question and excludes
any person who is a stepparent, foster parent or grandparent.
Sec. 49.
"Person" includes a natural person, organization,government or a governmental subdivision, agency or instrumentality.
Sec. 50.
"Personal representative" includes an executor, anadministrator, a successor personal representative, a special
administrator and persons who perform substantially the same function
under the law governing their status.
Sec. 51.
"Petition" means a verified written request to the court foran order.
Sec. 52.
"Probate," used as a noun, means a legal proceeding inwhich the court has jurisdiction to administer, pay out and distribute the
assets of a decedent to the persons entitled to them, including devisees,
heirs, creditors and others.
Sec. 53.
"Probate homestead" means a homestead that can be setapart by the court pursuant to NRS 146.020.
Sec. 54.
"Property" means anything that may be the subject ofownership, and includes both real and personal property and any interest
therein.
Sec. 55.
"Right of representation" means the method of distributingproperty by which, through inheritance or succession, the descendants of
a deceased heir take the same share or right in the estate of another
person that their parent or other ancestor would have taken if living. A
posthumous child is deemed living at the death of his parent.
Sec. 56.
"Security" includes any note, stock, treasury stock, bond,debenture, evidence of indebtedness, certificate of interest or
participation in an oil, gas or mining title or lease or in payments out of
production under such a title or lease, collateral trust certificate,
transferable share, voting trust certificate or, in general, any interest or
instrument commonly known as a security, or any certificate of interest
or participation, any temporary or interim certificate, receipt or
certificate of deposit for, or any warrant or right to subscribe to or
purchase any of the foregoing.
Sec. 57.
"Separate property" has the meaning ascribed to it in NRS123.130.
Sec. 58.
"Settlement," in reference to the estate of a decedent,includes administration, distribution and closing.
Sec. 59.
"Settlor" means the person who creates a trust, howeverdescribed in the trust instrument.
Sec. 60.
"Special administrator" means a personal representativeappointed pursuant to chapter 140 of NRS.
Sec. 61. "State" means a state of the United States, the District ofColumbia, Puerto Rico, the United States Virgin Islands, or any territory
or insular possession subject to the jurisdiction of the United States.
Sec. 62.
"Successor personal representative" means a personalrepresentative, other than a special administrator, who is appointed to
succeed a previously appointed personal representative.
Sec. 63.
"Successors" means persons, other than creditors, who areentitled to property of a decedent under the terms of his will or pursuant
to this Title.
Sec. 64.
"Tax" includes an income, property, excise, estate, gift orinheritance tax.
Sec. 65.
"Testate estate" means an estate with respect to which a willhas been offered and admitted to probate.
Sec. 66.
"Testator" means a person who makes a will.Sec. 67.
"Trust" means an interest in property held by one personfor the benefit of another, established by an instrument executed during
the life of the settlor or by his will. The term includes an express trust,
private or charitable, with additions thereto, wherever and however
created. The term also includes a trust created or determined by
judgment or decree under which the trust is to be administered in the
manner of an express trust.
Sec. 68.
"Trustee" includes an original, additional or successortrustee, whether or not appointed or confirmed by a court.
Sec. 69.
"Verification" means a declaration that a statement is true,made under oath or affirmation under penalty of perjury for false
statement.
Sec. 70.
"Ward" means a person for whom a guardian has beenappointed. A "minor ward" is one for whom a guardian has been
appointed solely by reason of minority.
Sec. 71.
"Will" means a formal document that provides for thedistribution of the property of a decedent upon his death. The term
includes a codicil and a testamentary instrument that merely appoints an
executor, revokes or revises another will, nominates a guardian, or
expressly excludes or limits the right of an individual or class to succeed
to property of the decedent passing by intestate succession.
Sec. 72.
NRS 132.010 is hereby amended to read as follows: 132.010 This Title [shall] must be liberally construed [, to the end that
justice may be done all parties, and] so that a speedy settlement of estates
is accomplished
at the least expenseSec. 73.
NRS 133.040 is hereby amended to read as follows: 133.040 No will executed in this state, except [such nuncupative wills
and] such holographic wills as are mentioned in this chapter, [shall be] is
valid unless it
person in his presence, and by his] an attending person at the testator's
express direction, and attested by at least two competent witnesses [,subscribing] who subscribe their names to the will in the presence of the
testator.
Sec. 74. NRS 133.045 is hereby amended to read as follows:
133.045 1. Whether or not the provisions relating to holographic
wills apply, a will may refer to a written statement or list to dispose of
items of tangible personal property not otherwise specifically disposed of
by the will, other than money, evidences of indebtedness, documents of
title, securities and property used in a trade or business.
2. To be admissible as evidence of the intended disposition, the
statement or list must contain:
(a) The date of its execution.
(b) A title indicating its purpose.
(c) A reference to the will to which it relates.
(d) A reasonably certain description of the items to be disposed of and
the [legatees.] names of the devisees.
(e) The testator's signature.
3. The statement or list may be:
(a) Referred to as a writing to be in existence at the time of the testator's
death.
(b) Prepared before or after the execution of the will.
(c) Altered by the testator after its preparation.
(d) A writing which has no significance apart from its effect upon the
dispositions made by the will.
Sec. 75. NRS 133.050 is hereby amended to read as follows:
133.050 1. Any or all of the attesting witnesses to any will may
the request of the testator, make and] sign an affidavit before any person
authorized to administer oaths in or out of the state, stating such facts as
they would be required to testify to in court to prove the will. The affidavit
must be written on the will [,] or, if that is impracticable, on some paper
attached thereto. The sworn statement of any witness so taken must be
accepted by the court [of probate] as if it had been taken before the court.
2. The affidavit described in subsection 1 may be substantially in form
as follows:
State of Nevada }
}ss.
County of }
(Date)
Then and there personally appeared [the within-named] ................ and
................., who, being duly sworn, depose and say: That they witnessed
the execution of the [within] foregoing will of the [within-named] testator,
................; that the testator subscribed the will and declared [the same] it to
be his last will and testament in their presence; that they thereafter
subscribed the [same] will as witnesses in the presence of the testator and inthe presence of each other and at the request of the testator; and that the
testator at the time of the execution of the will appeared to them to be of
full age and of sound mind and memory . [, and that they make this
affidavit at the request of the testator.]
Affiant
Affiant
Subscribed and sworn to before me this .....
day of........,
Notary Public
Sec. 76. NRS 133.055 is hereby amended to read as follows:
133.055 A signature affixed to a self-proving affidavit attached to a
will
and executed at the same time as the will is considered a signatureaffixed to the will if necessary to prove the execution of the will.
Sec. 77. NRS 133.060 is hereby amended to read as follows:
133.060 All
given in any] devises in a will to a subscribing witness [thereto shall be]
are
void unless there are two other competent subscribing witnesses to the[
Sec. 78.
NRS 133.080 is hereby amended to read as follows:133.080 1. If in writing and subscribed by the testator, a last will and
testament executed [without] outside this state in the [mode] manner
prescribed by the law, either of the state where executed or of the testator's
domicile, shall be deemed to be legally executed, and
same force and effect as if executed in the
the law of this state.
2. This section
effectuate its general purpose to make uniform the law of those states which
enact it.
Sec. 79. NRS 133.090 is hereby amended to read as follows:
133.090 1. A holographic will is
and signed] a will in which the signature, date and material provisions
are written by the hand of the testator [himself.] , whether or not it is
witnessed or notarized. It is subject to no other form, and may be made in
or out of this state . [and need not be witnessed.]
2. Every person of sound mind
married women,] may, by last holographic will, dispose of all of [his or her]
the estate, real or personal, [the same being] but the estate is chargeable
with the payment of the testator's debts.
3. Such wills [shall be] are valid and have [full effect for the purpose
for which they are intended.] the same force and effect as if formally
executed. Sec. 80. NRS 133.100 is hereby amended to read as follows:
133.100 [1. No nuncupative or verbal will shall be good unless:
(a) The same be proved by two witnesses who were present at the
making thereof; and
(b) It be proved that the testator, at the time of pronouncing the same,
did bid someone present to bear witness that such was his will, or words of
like import; and
(c) It was made at the time of the last sickness of the deceased.
2. No nuncupative or verbal will shall be good where the estate
bequeathed exceeds the value of $1,000.] A nuncupative or oral will is not
valid.
Sec. 81. NRS 133.105 is hereby amended to read as follows:
133.105 1. A security issued in registered form which contains the
words "transferable on death to" a named person, or equivalent language or
abbreviation, is effective to transfer the interest evidenced by the security to
that person, upon the death of its owner, without compliance with the
formal requirements of this chapter for the execution of wills.
this subsection, "security" and "registered form" have the meanings
ascribed to them in NRS 104.8102.]
2. A security registered in beneficiary form pursuant to NRS 111.480
to 111.650, inclusive, is effective to transfer the interest evidenced by the
security to the beneficiary at the death of the owner or the deaths of all
multiple owners, without compliance with the formal requirements of this
chapter for the execution of wills.
3. As used in this section, "security" and "registered form" have the
meanings ascribed to them in NRS 104.8102.
Sec. 82.
NRS 133.115 is hereby amended to read as follows:133.115 Divorce or annulment of the marriage of the testator revokes
every [beneficial devise, legacy or] devise, beneficial interest or
designation to serve as personal representative given to the testator's
former spouse in a will executed before the entry of the decree of divorce
or annulment unless otherwise:
1. Provided in a property or separation agreement which is approved
by the court in the divorce or annulment proceedings ; [and not merged in
the decree;] or
2. Ordered by the court in the divorce or annulment proceedings,
and the will [shall take] takes effect in the same manner as if the former
spouse had died before the testator.
Sec. 83. NRS 133.120 is hereby amended to read as follows:
133.120 1. [No will in writing shall be revoked unless:
(a) By burning,] A written will may only be revoked by:
(a) Burning, tearing, canceling or obliterating the [same,] will, with the
intention of revoking it, by the testator, or by some person in [his presence,
or by his direction; or
(b) By some other] the presence and at the direction of the testator; o
r (b) Another will or codicil in writing, executed as prescribed in this
chapter.
2. [Nothing contained in this section shall] This section does not
prevent the revocation implied by law from subsequent changes in the
condition or circumstances of the testator.
Sec. 84. NRS 133.130 is hereby amended to read as follows:
133.130 If, after the making of any will, the testator
and execute] executes a second will, the destruction, cancellation or
revocation of the second will [shall] does not revive the first will, unless it
appears by the terms of [such] the revocation that it was the intention to
revive and give effect to the first will, or unless, after [such] the
destruction, cancellation or revocation, the first will
reexecuted.
Sec. 85. NRS 133.140 is hereby amended to read as follows:
133.140 A bond, covenant or agreement made by a testator to convey
any property devised
be deemed] is not a revocation of [such] the previous devise [or bequest;
but such property shall pass] , but the property passes by the devise , [or
bequest,] subject to the same remedies on the bond, covenant or agreement,
for the specific performance or otherwise, against the [devisees or
legatees,] devisee, as might be had by law against the heirs of the testator, if
the [same] property had descended to them.
Sec. 86. NRS 133.150 is hereby amended to read as follows:
133.150 A charge or encumbrance upon any estate, for the purpose of
securing the payment of money, or the performance of any covenant or
agreement, [shall not be deemed] is not a revocation of [any] a will relating
to the same estate which was previously executed, but the [devise and
legacies] devises therein contained [shall pass,] pass subject to [such] the
charge or encumbrance.
Sec. 87. NRS 133.155 is hereby amended to read as follows:
133.155 A specific devise passes subject to any mortgage
or lienexisting on the date of death, without right of exoneration, regardless of a
general directive in the will to pay debts.
Sec. 88. NRS 133.160 is hereby amended to read as follows:
133.160 When
making of
provision
the child in the will, the child is entitled to
the same share in the estate ofthe testator as if the testator had died intestate, unless it
apparent from the will that it was the intention of the testator that no
provision should be made for
Sec. 89. NRS 133.170 is hereby amended to read as follows:
133.170 When
any of his or her children or for the issue of any deceased child, it shall] the
child of a testator or the issue of a deceased child of a testator is omitted
from the testator's will, it must be presumed that the omission wasintentional. Should the court find that the omission was unintentional,
[
entitled to
the same share in the estate of the testator as iftestator
had died intestate.Sec. 90. NRS 133.180 is hereby amended to read as follows:
133.180 When any share of the estate of a testator
assigned to a child born after the making of a will, or to a child or the issue
of a child omitted in the will, as mentioned in NRS 133.160 and 133.170,
the
the will, if any. If that
necessary shall] is necessary must be taken from all the devisees [or
legatees,] in proportion to the value they may respectively receive under the
will, unless the obvious intention of the testator in relation to some specific
devise [or bequest,] or other provision in the will [,] would thereby be
defeated. In [such case, such] that case, the specific devise [, legacy] or
provision may be exempted from [such] the apportionment, and a different
apportionment, consistent with the intention of the testator, may be
adopted.
Sec. 91. NRS 133.190 is hereby amended to read as follows:
133.190 If [such] the child or children, or their descendants, so
unprovided for, [shall] have had an equal proportion of the testator's estate
bestowed upon them in the testator's lifetime, by way of an advancement,
as provided in NRS 151.120,
theyprovisions of] under NRS 133.160, 133.170 and 133.180.
Sec. 92. NRS 133.200 is hereby amended to read as follows:
133.200 When any estate [shall be devised or bequeathed] is devised to
any child or other relation of the testator, and the devisee [or legatee shall
die] dies before the testator, leaving lineal descendants, [such] those
descendants, in the absence of a provision in the will to the contrary,
take the estate so given by the will in the same manner as the devisee
legatee] would have done if [he] the devisee had survived the testator.
Sec. 93. NRS 133.210 is hereby amended to read as follows:
133.210 Every devise of [land] real property in any will [shall be
construed to convey] conveys all the estate of the [devisor] testator therein
which [he] could lawfully [devise,] be devised, unless it [shall clearly
appear] clearly appears by the will that [he] the testator intended to convey
a [less] lesser estate.
Sec. 94. NRS 133.220 is hereby amended to read as follows:
133.220 Any estate, right or interest in [lands] real property acquired
by the testator after the making of [his or her will shall pass] a will passes
thereby in like manner as if it had been acquired
of making the will, if
appears
by the will to have been the intention of the testator.Secs. 95-98. (Deleted by amendment.)
Sec. 99. NRS 134.040 is hereby amended to read as follows:
134.040 1. If the decedent leaves a surviving
spouse and only one child, or the lawful issue of one child, the estate goes
one-half to the surviving
the
child or the issue of2. If the decedent leaves a surviving
more than one child living, or
more deceased children, the estate goes one-third to the surviving
or wife,] spouse and the remainder in equal shares to [his or her] the
children and the lawful issue of any deceased child by right of
representation.
remainder shall go to all of his or her lineal descendants, and if all the lineal
descendants are in the same degree of kindred to the intestate, they shall
share equally; otherwise, they shall take according to the right of
representation.]
Sec. 100. NRS 134.050 is hereby amended to read as follows:
134.050 1. If the decedent
fourth to the
the
not,] If both parents are not living, one-half to either the father or the
mother then living.
2. If the decedent [shall leave] leaves no issue, or father [,] or mother,
one-half of the separate property of the [intestate shall go] decedent goes to
the surviving [husband or wife,] spouse and the other one-half [thereof
shall go] goes in equal shares to the brothers and sisters of the [intestate,
and to the children of any deceased brother or sister by right of
representation.] decedent.
3. If the decedent
issue or surviving spouse,
the estate[
mother of the decedent,
if both are living .not living,
the whole estatethen living.
4. If the decedent
[
spouse.
Sec. 101.
NRS 134.060 is hereby amended to read as follows: 134.060 If there [be] is no issue, [or husband, or wife,] surviving
spouse, or father [,] or mother, then the estate goes in equal shares to the
brothers and sisters of the [intestate,] decedent and to the children of any
deceased brother or sister by right of representation.
Sec. 102. NRS 134.070 is hereby amended to read as follows:
134.070 If the [intestate shall leave] decedent leaves no issue, [or
husband, or wife,] surviving spouse, or father [,] or mother, and no brother
or sister living at [his or her] the time of death, the estate [shall go] goes to
the next of kin in equal degree, [excepting that when] except that if there
are two or more collateral kindred in equal degree, but claiming through
different ancestors, those who claim through the nearest ancestors [shall be]
are
preferred to those who claim through ancestors more remote .If
any personchild and issue of one or more children, and any such surviving child
die] dies under age and not having been married, all [of] the estate that
came to the deceased child by inheritance from the deceased parent [shall
descend] descends in equal shares to the other children of the same parent,
and to the issue of any other children who may have died, by right of
representation.
Sec. 103. NRS 134.080 is hereby amended to read as follows:
134.080 [If at] At the death of a child [, who shall die] who is under
age and has not [having] been married, all the other children of the parent
being also dead, [and] if any of [them shall have] the other children left
issue, the estate that came to [such] the child by inheritance from [his or her
parent shall descend] the parent descends to all the issue of the other
children of the same parent, and if all the issue are in the same degree of
kindred to the child they [shall] are entitled to share the estate equally;
otherwise, they [shall] are entitled to take according to the right of
representation.
Sec. 104. NRS 134.090 is hereby amended to read as follows:
134.090 If the decedent leaves no surviving [husband or wife,] spouse,
but there [be] is a child or children, the estate [shall, if there be] , if there is
only one child, all
more than one child, the estate
the
Sec. 105. NRS 134.100 is hereby amended to read as follows:
134.100 If the decedent leaves no surviving
but there
children, the estate
child or children and lawful issue of
representation as follows: To
part,] share and to the lawful issue of each deceased child, by right of
representation, the same [part and proportion that its] share that the parent
would have received [in case] if the parent had been living at the time of
the [intestate's death; that is, the lawful issue of any deceased child shall
receive the part and proportion that its parent would have received had the
parent been living at the time of the intestate's death.] death of the
decedent.
Sec. 106. NRS 134.110 is hereby amended to read as follows:
134.110 If the decedent leaves no surviving
or child or children, but there
all
lawful issue of
this rule
the lawful issue ad infinitum.
Sec. 107. NRS 134.120 is hereby amended to read as follows:
134.120 If the
leaves no surviving spouse,
or kindred, the estateto the state for educational purposes.
Sec. 108. NRS 134.160 is hereby amended to read as follows:
134.160 Kindred of the half blood
the whole blood in the same degree, unless the inheritance comes to the
[
ancestors,] or devise from an ancestor, in which case all those who are not
of the blood of [such ancestors shall be] the ancestor are excluded from the
inheritance.
Sec. 109. NRS 134.210 is hereby amended to read as follows:
134.210 Whenever [any wife] one spouse dies intestate, leaving heirs,
if the [husband] other spouse dies intestate [subsequently to his wife,] after
the first spouse, without heirs, leaving property, [his] the estate of the
second spouse to die vests in the heirs of the [wife,] first spouse to die,
subject to expenses of administration and payment of legal debts against the
estate.
Sec. 110. NRS 135.020 is hereby amended to read as follows:
135.020 Where the title to property or the devolution thereof depends
upon priority of death and there is
the persons
person
except as provided otherwise in this chapter.
Sec. 111. NRS 135.030 is hereby amended to read as follows:
135.030 Where two or more beneficiaries are designated to take
successively by reason of survivorship under another person's disposition
of property and there is
beneficiaries
disposed of
successive beneficiaries and these portions
respectively to those who would have taken in the event that each
designated beneficiary had survived.
Sec. 112. NRS 135.040 is hereby amended to read as follows:
135.040 Where there is
joint tenants or
community property with right of survivorship
died otherwise thansimultaneously
, the property so heldif one had survived and one-half as if the other had survived. If there aremore than two joint tenants and all of them have so died, the property thus
distributed
number of joint tenants.
Sec. 113. NRS 135.050 is hereby amended to read as follows:
135.050 Where the insured and the beneficiary in a policy of life or
accident insurance have died and there is
evidence that they
of the policy
beneficiary.
Sec. 114. NRS 135.060 is hereby amended to read as follows:
135.060 Except as otherwise provided in NRS 135.050 or in a
premarital agreement between
enforceable pursuant to chapter 123A of NRS, where
both spouses
have died, leaving community property, and there issufficient] insufficient evidence that they [have] died otherwise than
simultaneously, one-half of all the community property must be distributed
as if [the husband] one spouse had survived and the other one-half thereof
must be distributed as if the [wife] other spouse had survived.
Sec. 115. NRS 135.080 is hereby amended to read as follows:
135.080 This chapter [shall] does not apply in the case of wills, living
trusts, deeds, or contracts [of insurance wherein] in which provision has
been made for distribution of property different from the provisions of this
chapter.
Sec. 116. NRS 136.010 is hereby amended to read as follows:
136.010 1. Wills may be proved and letters [testamentary or letters of
administration] granted in the county [of which the deceased] where the
decedent was a resident at the time of death, whether death occurred in that
county or elsewhere, and the district court of that county [shall have] has
exclusive jurisdiction of the settlement of such estates, whether the estate is
in one or more counties.
2. The estate of a nonresident decedent may be settled by the district
court of any county [wherein] in which any part of the estate [may be.] is
located. The district court to which application [shall first be made shall
have] is first made has exclusive jurisdiction of the settlement of estates of
nonresidents.
Sec. 117. NRS 136.020 is hereby amended to read as follows:
136.020 [No] A district judge shall not admit any will to probate, or
grant letters [testamentary or letters of administration,] in any case where [:
1. He shall be interested] The judge is:
1. Interested as next of kin to the deceased.
2. [He is a legatee or] A devisee under the will.
3. [He is named as executor] Named as personal representative or
trustee in the will.
4. [He is a] A witness to the will.
Sec. 118. NRS 136.030 is hereby amended to read as follows:
136.030 1. [When any] If a district judge, who would otherwise be
authorized to act, [shall be] is precluded from acting from the causes
mentioned in NRS 136.020, or [when he shall] if the judge is interested in
any manner [be interested, he] , the judge shall transfer all proceedings in
the matter of the estate to another judge of the same county, if there [be] is
one, who is not disqualified to act in the settlement of the estate, or
shall call a district] the judge shall request a judge of another district to
hold the court [of his] in the other county.
2. The judge to whom the matter is transferred or [such] the other
district judge shall hold court and [be] is vested with all the powers of the
court and judge so disqualified, and [shall retain] retains jurisdiction as to
all subsequent proceedings in regard to the estate.
Sec. 119. NRS 136.040 is hereby amended to read as follows:
136.040 If, before the administration of any estate transferred as
provided in NRS 136.030 is closed, another person becomes judge of the
court [wherein such] in which the proceeding was originally commenced
who is not disqualified to act in the settlement of the estate, and the causes
for which the proceeding was transferred no longer exist, any interested
person
judge who
setting forth these facts and moving the court
petition.
If these facts are satisfactorily shown , the court must make anorder transferring the proceeding back to the judge who is not disqualified.
Sec. 120. NRS 136.050 is hereby amended to read as follows:
136.050 1. Any person having
shall, within 30 days after knowledge of the death of the person who
executed the will, deliver it to the clerk of the district court which has
jurisdiction of the case or to the
the will
.2. Any person named as
representative in a
will shall, within 30 days after the death of the testator ,[
named,
present the will, if in possession of it, to thecourt.
3. Every person who
duties required in subsections 1 and 2 without reasonable cause
is
liable to every person interested in the will for the damagesinterested person may sustain by reason of
Sec. 121. NRS 136.060 is hereby amended to read as follows:
136.060 1. If it is alleged in any petition that
court
must
be issued and served upon the person having possession of the will,requiring that person to produce it at a time to be named in the order. 2. Any person having the possession of a will who neglects or refuses
to produce it in obedience to such
an order may, by warrant from the court,be committed to the county jail, and be kept in close confinement until
[
necessary orders at chambers to enforce the production of the will.
Sec. 122. NRS 136.070 is hereby amended to read as follows:
136.070 1.
representative or devisee
named in a will, or any other interested person ,[
petition the court having jurisdiction to have the will proved, whether the
[
person
or not, or is lost or destroyed, or is beyond the jurisdiction of thestate.
2.
execute it,] though not in possession of the will, may present a petition to
the district court having jurisdiction, [praying] requesting that the person in
possession of the will be required to produce it [,] so that it may be
admitted to probate [, and that letters testamentary] and letters may be
issued.
Sec. 123. NRS 136.090 is hereby amended to read as follows:
136.090 1. A petition for the probate of a will and issuance of letters
must state:
(a) The jurisdictional facts;
(b) Whether the person named as [executor] personal representative
consents to act or renounces
(c) The names
and legatees] and devisees of the decedent, the age of any heir, next of kin
or devisee who is a minor, and the relationship of the heirs and next of kin
to the decedent, so far as known to the petitioner;
(d) The character and estimated value of the property of the estate; [and]
(e) The name of the person for whom letters
are requested, and that the person has never been convicted of a felony;
and
(f) The name of any devisee who is deceased.
2. No defect of form or in the statement of jurisdictional facts actually
existing voids the probate of a will.
Sec. 124. NRS 136.100 is hereby amended to read as follows:
136.100 1.
the issuance of letters must be signed by the party petitioning, or the
attorney for the petitioner, and filed with the clerk of the court, who shall
set the petition for hearing.
2.
hearing for the period and in the manner
provided in NRS 155.020 to theheirs of the testator and the devisees
persons named as
petitioning and to the administrator of the welfare division of thedepartment of human resources
.the object, and the time for proving the will.] The notice must be
substantially in the form provided in that section.
Sec. 125. NRS 136.120 is hereby amended to read as follows:
136.120 If a petition for probate is presented by any person other than
the
is presented by
personal representatives
named in the will,petition must
be served uponjoining in the petition
.served at least 5 days before the hearing.]
Sec. 126. NRS 136.150 is hereby amended to read as follows:
136.150 1. If no person
of a will
, the court may admit it to probate on the testimony of only one ofthe subscribing witnesses, if
shows
that the will was executed in all particulars as required by law, andthat the testator
of 18 years
at the time of its execution.2.
miles from the place where the court is held, the] An ex parte affidavit of
the witness, showing that the will was executed in all particulars as required
by law, and that the testator [or testatrix] was of sound mind and had
attained the age of 18 years at the time of its execution, [shall] must be
received in evidence and [have] has the same force and effect as if the
witness [was] were present and testified orally.
Sec. 127. NRS 136.160 is hereby amended to read as follows:
136.160 1. Any or all of the attesting witnesses to any will may, after
the [decease] death of the testator and at the request of the executor or any
interested
person ,[
stating such facts as
to prove the will.
impracticable, on some paper attached thereto.] The sworn statement of any
witness so taken must be accepted by the court [of probate] as if it had been
taken before the court.
2. The affidavit described in subsection 1 may be substantially in form
as set forth in NRS 133.050.
Sec. 128. NRS 136.170 is hereby amended to read as follows:
136.170 1. [When] If it appears to the court that a will cannot be
proven as otherwise provided by law because one or more or all [of] the
subscribing witnesses to the will, at the time the will is offered for probate,
[
merchant seamen, or] are dead or mentally or physically incapable of
testifying or otherwise unavailable, the court may admit the will to probate
upon the testimony in person , [or] by deposition or by affidavit of at least
two credible disinterested witnesses that the signature to the will is [in thehandwriting of the person whose will it purports to be,] genuine, or upon
other sufficient proof [of such handwriting.] that the signature is genuine.
2. The provisions of subsection 1
its discretion, from requiring in addition, the testimony in person
,deposition
or by affidavit of any available subscribing witness, or proof ofsuch other pertinent facts and circumstances as the court
necessary to admit the will to probate.
Sec. 129. NRS 136.180 is hereby amended to read as follows:
136.180 1. If the will of a person is detained beyond the jurisdiction
of the state, in a court of any other state, country or jurisdiction, and cannot
be produced for probate in this state, a copy of the will may be admitted to
probate in this state in lieu thereof and
as would be required if the original will were produced.
2.
presented to the subscribing witness upon his examination in court, or by
affidavit, as provided in this chapter, and he may be asked the same
questions with respect to it and the handwriting of himself, the testator and
the other witness or witnesses, as would be pertinent and competent if the
original will were present.] Unless otherwise ordered by the court, a
subscribing witness may testify in person, by deposition or by affidavit
with respect to a copy of the executed will, and with respect to
handwriting of the affiant as a witness, or the handwriting of the testator
or another witness, in the same way as he would if the original will were
available.
Sec. 130. NRS 136.190 is hereby amended to read as follows:
136.190 A holographic will may be proved
other private writings.] by authentication satisfactory to the court.
Sec. 131. NRS 136.200 is hereby amended to read as follows:
136.200 1.
there are minors
it appears there are other
interested personswho reside out of the county and are unrepresented, the court may, whether
there is a contest or not, appoint an attorney for
persons.] them.
2.
pursuant to subsection 1, retains counsel and notifies the court of
retention, the court shall
appointed attorney of further obligation to represent
Sec. 132. NRS 136.220 is hereby amended to read as follows:
136.220 A copy of
it to probate, certified by the clerk in whose custody it may be,
be received in evidence and be as effectual in all cases as the original will
would be if proved.
Sec. 133. NRS 136.230 is hereby amended to read as follows:
136.230
destroyed by fraud without the knowledge of the testator, the
the will and
persons
,wills in other cases.
Sec. 134. NRS 136.240 is hereby amended to read as follows:
136.240 1. The petition for the probate of a lost or destroyed will
must
include a copy of the will, or if no copy is available state, or beaccompanied by a written statement of, the testamentary words, or the
substance thereof.
set forth in the order admitting the will to probate, and the order must be so
entered at length in the minutes or a written order signed, filed and
recorded.
2. The testimony of each witness must be reduced to writing, signed by
him and filed, and shall be admissible in evidence in any contest of the will,
if a witness has died or has permanently removed from the state.
3. No will shall be allowed to]
2. If offered for probate, a lost or destroyed will must be proved in
the same manner as other wills are proved under this chapter.
3. In addition, no will may
be proved as a lost or destroyed will unless
person whose will it is claimed to be, or
fraudulently destroyed in the lifetime of
provisions
credible witnesses.
4. The testimony of each witness must be reduced to writing, signed
by the witness and filed, and is admissible in evidence in any contest of
the will if the witness has died or permanently moved from the state.
5. If the will is established, its provisions must be set forth
specifically in the order admitting it to probate, or a copy of the will must
be attached to the order.
Sec. 135.
NRS 136.250 is hereby amended to read as follows:136.250 If, before or during the pendency of an application to prove a
lost or destroyed will, letters of administration [shall] have been granted
upon the estate of the [deceased,] decedent, or letters testamentary of any
previous will of the [deceased,] decedent, the court [shall have authority to]
may
restrain the administration if necessary to protect the interests of[
Sec. 136. NRS 136.260 is hereby amended to read as follows:
136.260 1. A will duly proved, allowed and admitted to probate
outside of this state may be admitted to probate and recorded in the proper
court of any county in this state in which the testator
estate.
2. When a copy of the will and the
order admitting it to probate ,
nominee, or by any other person interested in the will,] a nominee or any
other interested person, with a petition for probate, the [same] order andcopy must be filed , and the clerk shall set a time [must be appointed] for a
hearing thereon , and notice must be given as required by law on a petition
for the original probate of a domestic will [.] pursuant to NRS 136.100.
3. If, upon the hearing, it appears to the satisfaction of the court that
the will has been duly proved and admitted to probate outside
state, and that it was executed according to the law of the place in which
[
or in conformity with the laws of this state, it must be admitted to probate
which probate shall have] with the same force and effect as the original
probate of a domestic will.
4. [When a duly] If a certified copy of a will from any jurisdiction
where probate is not required by the laws of that jurisdiction, with the
certificate of the legal custodian of the original will that the [same] certified
copy is a true copy [,] and that the will has become operative by the laws of
that jurisdiction, [and when] or a copy of a notarial will in possession of a
notary in a foreign jurisdiction entitled to the custody [thereof (] of the will
and required by the laws of [which jurisdiction require that the will remain
in the custody of the notary),] that jurisdiction to retain custody of it, duly
certified by the notary, is presented by the [executor,] personal
representative, his nominee [, or other persons] or another interested
person
to the proper court in this state, theset
a timemust
be given asrequired by law on a petition for the original probate of a domestic will.
5. If it
should
be admitted to probate in this state, as the last will and testament ofthe
with the clerk,
and the willproved and admitted to probate in the court
Sec. 137.
Chapter 137 of NRS is hereby amended by adding thereto anew section to read as follows:
An appeal from a final order determining the contest of a will is
governed by the Nevada Rules of Appellate Procedure. A party may make
any motion after the determination that is provided by the Nevada Rules
of Civil Procedure.
Sec. 138. NRS 137.010 is hereby amended to read as follows:
137.010 1. The attorney general or any
interested person ,
contest the will by filing written grounds of opposition to the probate
thereof at any time before the hearing of the petition for probate
.thereupon a citation shall be issued] Personal notice must then be given by
a citation directed to the heirs of the decedent and to all interested persons
, [interested in the will,] including minors and [incompetents,]
incapacitated persons,
wherever residing, directing them to plead to thecontest within 30 days after service of the citation
of Civil Procedure for the service of summons in civil actions.
2. Any] in the manner provided in NRS 155.050.
2. A person so served may interpose any defense or objection to the
contest by any motion authorized by the Nevada Rules of Civil Procedure
in civil actions. If the motion is granted, the court may allow the contestant
10 days within which to amend [his] the contest. If the motion is denied,
the petitioner and [others interested,] other interested persons, within 10
days after the receipt of written notice thereof, may jointly or separately
answer the contest. The times [herein mentioned] specified in this section
may be extended by the court . [or judge.]
Sec. 139. NRS 137.020 is hereby amended to read as follows:
137.020 1.
and the petitioner is defendant. The written grounds of opposition
constitute a pleading and
pleadings as in the case of complaint in
2.
make a
time of the execution of the will from duress, menace, fraud or undue
influence, the due execution and attestation of the will, or any other
question substantially affecting the validity of the will,
by the court unless one of the parties demands a jury. The party demanding
the jury shall advance the jury costs.
3. Upon the determination of the contest, costs
in accordance with the provisions of chapter 18 of NRS.
Sec. 140. NRS 137.030 is hereby amended to read as follows:
137.030
declaration of a testator
the execution of the will insofar as the
testator's
intention ,competency, and the existence or nonexistence of duress and undue
influence.
Sec. 141. NRS 137.040 is hereby amended to read as follows:
137.040 If the will is contested, all the subscribing witnesses who are
present in the county and who are of sound mind must be produced and
examined
,must be satisfactorily shown to the court. If none of the subscribing
witnesses resides in the county, and the evidence of none of them can be
produced, the court may admit the evidence of other witnesses to prove the
due execution of the will
proof of the handwriting of the testator and of any of the subscribing
witnesses.
Sec. 142. NRS 137.060 is hereby amended to read as follows:
137.060 If the court
heard by the court, or by the verdict of a jury
the will was duly executed by
influence or fraudulent representation, the court, by
writing, shall admit the will to probate
.admitting it to probate shall be recorded together by the clerk in a book to
be provided for that purpose.]
Sec. 143. NRS 137.070 is hereby amended to read as follows:
137.070 The testimony of each subscribing witness who has testified
must be reduced to writing, signed
deposition
and filedevidence in any subsequent contest of the will if the witness has died or has
permanently
Sec. 144. NRS 137.080 is hereby amended to read as follows:
137.080
interested person other than a party to a contest before probate
than] or a person who had actual notice of [such] the previous contest in
time to have joined therein [,] may, at any time within 3 months after
[
contest the
he must file in] The contestant must file with the court in which the will
was proved a petition [in writing, duly verified, containing his] containing
the allegations of the contestant against the validity of the will or against
the sufficiency of the proof, and [praying] requesting that the probate be
revoked.
Sec. 145. NRS 137.090 is hereby amended to read as follows:
137.090 Upon filing the petition, and within the time allowed for filing
the petition, a citation must be issued, directed to the [executor of the will,
or the administrator with the will annexed,] personal representative and to
all the devisees [and legatees] mentioned in the will, and the heirs, so far as
known to the petitioner, including minors and [incompetents,]
incapacitated persons,
or the personal representative of any such personwho is dead, directing them to plead to the contest within 30 days after
service of the citation.
Sec. 146. NRS 137.100 is hereby amended to read as follows:
137.100 The citation
thereunder as in the case of a contest before probate. If the jury
finds
or the courtlast will of the testator, the court shall enter an order revoking the probate
of the will and letters testamentary. Thereupon the powers of the
or administrator with the will annexed cease;] personal representative
cease, but [he shall not be] the personal representative is not liable for any
act done in good faith [previous to] before the revocation.
Sec. 147. NRS 137.110 is hereby amended to read as follows:
137.110 If the probate is not revoked , the costs of trial must be paid
by the contestant. If the probate is revoked , the costs must be paid by the
party who resisted the revocation or out of the property of the decedent, asthe court may direct [.] in accordance with the provisions of chapter 18 of
NRS.
Sec. 148. NRS 137.130 is hereby amended to read as follows:
137.130 Failure to contest a will does not preclude the subsequent
probate of a will executed later in point of time than the one
previously
admitted to probate.Sec. 149. NRS 138.010 is hereby amended to read as follows:
138.010 1. If
probate, the
[
the same, who may be competent to discharge the trust, and] who shall
appear and qualify.
2. No person has any power as [an executor] a personal representative
until he qualifies, except that, before letters are issued, he may pay the
funeral charges and take necessary measures for the preservation of the
estate.
Sec. 150. NRS 138.020 is hereby amended to read as follows:
138.020 1. No person is [competent] qualified to serve as an
executor [or executrix] who, at the time the will is probated:
(a) Is under the age of majority;
(b) Has been convicted of a felony;
(c) Upon proof, is adjudged by the court [incompetent] disqualified to
execute the duties of [the trust] executor by reason of drunkenness,
improvidence [, or want] or lack of integrity or understanding; or
(d) Is a bank [whose principal place of business is not] not authorized to
do business in the State of Nevada, unless it associates as coexecutor a
bank [whose principal place of business is] authorized to do business in
this state. An out-of-state bank is [competent] qualified to appoint a
substitute executor , [or executrix,] pursuant to NRS 138.045, without
forming such an association, but any natural person so appointed [shall]
must
be a resident of this state.2. If
executor
[
right to act,
or fail to appear and qualify, letters of administration with thewill annexed
Sec. 151. NRS 138.040 is hereby amended to read as follows:
138.040
intention of the testator to commit the execution
the administration of
executor,
letters testamentary in like manner as if
executor.
Sec. 152. NRS 138.045 is hereby amended to read as follows:
138.045 1.
either alone or with another or others, who is
otherwise qualified to act under
NRS 138.020, may appoint a substitute if:(a) The person
or continue the execution of the will; and
(b) The testator has not designated an alternate to serve in place of the
named executor, or
unable to serve.
2. A person named as alternate executor who is not
virtue of] disqualified under NRS 138.020 may appoint a substitute if:
(a) The named alternate is unwilling or unable to undertake or continue
the execution of the will; and
(b) A named executor is [incompetent] disqualified or has not
designated a substitute within 30 days after being notified that the named
alternate is unwilling or unable to serve.
3. [Any] A qualified person who alone is named as the executor under
a will [and is not incompetent] may appoint a coexecutor if:
(a) The person [so] named is unwilling or unable to undertake or
continue the sole execution of the will; and
(b) The testator has not designated an alternate to serve in place of the
named executor, or that the named alternate is unwilling or unable to serve.
4. The substitute or coexecutor, unless otherwise disqualified under
this chapter, is entitled to letters testamentary in like manner as if [he] the
substitute or coexecutor had been named in the will.
Sec. 153. NRS 138.050 is hereby amended to read as follows:
138.050 [When] If the executor named in the will is a corporation or
national banking association that has sold its business and assets to, or has
consolidated or merged with, or is in any manner provided by law
succeeded by , another corporation or national banking association
authorized and qualified to act as executor, the court may issue letters
thereon to the successor corporation or association [.] as if the successor
were named in the will.
Sec. 154. NRS 138.060 is hereby amended to read as follows:
138.060 1.
may file objections in writing to the granting of letters testamentary to the
person or
persons named as executors, or any of them, andshall] those objections must be heard and determined by the court.
2. A petition may also be filed for the issuance of letters of
administration, with the will annexed, in all proper cases.
Sec. 155. NRS 138.070 is hereby amended to read as follows:
138.070 1. No executor of the will of [an executor shall, as such, be]
a deceased executor, as such, is authorized to administer the estate of the
first testator, but
executrix] of any last will, letters of administration with the will annexed of
the estate of the first testator [or testatrix] left unadministered [shall] mustbe issued. If no executor is named in the will, or if the sole executor or all
the executors named therein are dead or [incompetent,] incapacitated, or
neglect or fail to apply for letters, or to appear and qualify, or die after the
issuance of letters and before the completion of the administration, letters
of administration with the will annexed [shall] must be granted.
2. The account of a deceased [executor or administrator] personal
representative may be [closed, his trust] settled, duties may be terminated,
and [his bondsmen] sureties may be released of liability subsequently
incurred, upon the petition of either the attorney who represented [him] the
deceased personal representative in the probate or administration
[
and upon such notice as the court
Sec. 156.
NRS 138.080 is hereby amended to read as follows: 138.080 [When] If all the persons named as executors [shall not be]
are not appointed by the court,
appointed
have the same authority to perform every act and dischargeevery
for every purpose as if all had been appointed
.Sec. 157.
NRS 138.090 is hereby amended to read as follows: 138.090 1. Administrators with the will annexed [shall] have the
same authority as the executor named in the will would have had if [he
should have] the executor had qualified, and their acts [shall be] are as
effectual for every purpose, but if the power or authority conferred upon
the executor is discretionary, and is not conferred by law, it [shall not be
deemed to be] is not conferred upon an administrator with the will annexed.
2. Persons and their nominees and appointees are entitled to
appointment as administrators with the will annexed in the same order of
priority as in the appointment of administrators, except that, as to foreign
letters, [a person who is interested in the will] an interested person has
priority over one who is not.
Sec. 158. NRS 139.010 is hereby amended to read as follows:
139.010 No person [shall be] is entitled to letters of administration [:
1. Who shall be] who:
1. Is under the age of majority; [or
2. Who shall have]
2. Has
been convicted of a felony;3. Who, upon proof, shall be]
3. Upon proof, is
adjudged by the court duties of the trust] disqualified by reason of drunkenness, improvidence [,
or want] or lack of integrity or understanding; or
4. [Who is] Is not a resident of the State of Nevada or which, in the
case of a banking corporation, [does not have its principal place of] is not
authorized to do business in this state or does not associate as
coadministrator a banking corporation [whose principal place of business
is] authorized to do business in this state.
Sec. 159. NRS 139.030 is hereby amended to read as follows:
139.030 The surviving partner of a decedent must not be appointed
administrator of the estate if any interested person [interested in the estate]
objects to [his] the appointment.
Sec. 160. NRS 139.040 is hereby amended to read as follows:
139.040 1. Administration of the intestate estate of a [person dying
intestate shall] decedent must be granted to [some] one or more of the
persons [hereinafter mentioned, and they shall be] mentioned in this
section, and they are respectively entitled to priority for appointment in
the following order:
(a) The surviving [husband or wife.] spouse.
(b) The children.
(c) The father or the mother.
(d) The brother or the sister.
(e) The grandchildren.
(f) Any other of the kindred entitled to share in the distribution of the
estate.
(g) Creditors who have become such during the lifetime of the deceased.
(h) The public administrator.
(i) Any of the kindred not above enumerated, within the fourth degree of
consanguinity.
(j) Any person or persons legally
2. A person in each of the foregoing classes is entitled:
(a) To appointment, if
Nevada or is a banking corporation
which is authorized to do business
in this state or which associates ascoadministrator a banking corporation
is] authorized to do business in this state.
(b) To nominate a resident of the State of Nevada or a qualified banking
corporation for appointment, whether or not the nominator is a resident of
the State of Nevada or a qualified banking corporation. The nominee [shall
have] has the same priority as [his nominator. Such] the nominator. That
priority is independent of the residence or corporate qualification of the
nominator.
Sec. 161. NRS 139.050 is hereby amended to read as follows:
139.050 Administration may be granted
upon petition to one or more
same,] serve, at the written request of the person entitled, filed in the court.
Sec. 162. NRS 139.080 is hereby amended to read as follows:
139.080 Letters of administration may be granted to any [applicant,
though it appear] petitioner, even if it appears that there are other persons
having [better rights to the administration, when such] priority for
appointment, if the latter fail to appear and claim the issuance of letters to
themselves [.] after receiving due notice of the proceeding.
Sec. 163. NRS 139.090 is hereby amended to read as follows:
139.090 1. A petition for letters of administration must be in writing,
signed by the
petitioner
and filed with the clerk of the court, and must state:(a) The jurisdictional facts;
(b) The names
decedent and their relationship to the decedent, so far as known to the
[
(c) The character and estimated value of the property of the estate; and
(d) That the
never been convicted of a felony.
2. No defect of form or in the statement of jurisdictional facts actually
existing voids an order appointing an administrator or any of the
subsequent proceedings.
Sec. 164. NRS 139.100 is hereby amended to read as follows:
139.100 The clerk shall set the petition for hearing, and notice must be
given to the heirs of the decedent
administrator of the welfare division of the department of human resources
as provided in NRS 155.020. The notice must state the filing of the
petition, the object and the time for hearing.
Sec. 165. NRS 139.110 is hereby amended to read as follows:
139.110
[
or may assert
[
latter case,
required for the original petition, and the court must hear the two petitions
together.
Sec. 166. NRS 139.120 is hereby amended to read as follows:
139.120 Before letters are granted
, the fact of deathproved by affidavit when the death took place outside of the state,] and that
the decedent died intestate, and that notice has been given as required in
this chapter, must be proved by the evidence of the [applicant] petitioner or
others . [; and the] The court may also examine the [applicant] petitioner or
any other person concerning the time, place and manner of death, the place
of the decedent's residence at the time [,] of death, the character and value
of his property, and whether or not the decedent left [any] a will, and the
court may compel any person to attend as a witness for that purpose.
Sec. 167. NRS 139.130 is hereby amended to read as follows:
139.130 An entry in the minutes or in the written order appointing the
administrator [, signed by the judge,] that proof was made and that notice
had been given according to law [shall be] is conclusive evidence of the
fact of such notice.
Sec. 168. NRS 139.140 is hereby amended to read as follows:
139.140 When letters of administration have been granted to any
[other] person other than the surviving [husband or wife, or his or her]
spouse or the spouse's
nominee, or the child,or sister of the
qualified,
may obtain the revocation of the letters by presenting to the[
letters of administration be issued to
Sec. 169.
NRS 139.150 is hereby amended to read as follows: 139.150 1. [When such] If a petition for revocation is filed, [the
clerk shall give] notice [,] must be given as in the case of an original
[
citation
time appointed for the hearing.
The citation must be served on theadministrator in accordance with NRS 155.050 at least 10 days before
the date of the hearing.
2. At the time appointed, upon proof that the citation, together with
acopy of the petition, has been duly served and notice given as
required,] required in subsection 1, the court shall take evidence upon the
petition, and if the right of the [applicant] petitioner is established, and he
is [competent,] qualified, letters of administration [shall] must be granted
to him and the letters of the former administrator revoked. The former
administrator shall promptly file an accounting in accordance with NRS
150.080.
Sec. 170. NRS 139.160 is hereby amended to read as follows:
139.160 The surviving spouse, or nominee of the surviving spouse,
when letters of administration have been granted to a child, parent, brother
or sister of the
letters have been granted to any other of them, may assert
right
have the
previous lettersin NRS 139.150.
Sec. 171. NRS 139.170 is hereby amended to read as follows:
139.170 The court
administration as provided in this chapter to any person or to the nominee
of any person who had actual notice of the first
an opportunity to contest
Sec. 172.
NRS 140.010 is hereby amended to read as follows: 140.010 The [district judge] court shall appoint a special administrator
to collect and take charge of the estate of the [deceased,] decedent, in
whatever county or counties the [same] estate may be found, and to
exercise such other powers as may be necessary to preserve the estate:
1. [When there shall be] If there is a delay in granting letters
testamentary or letters of administration, from any cause.
2. [When] If letters are granted irregularly.
3. [When] If no sufficient bond is filed as required by [law.] the court
. 4. [When] If no petition is filed for letters.
5. [When] If an executor or administrator dies or is suspended or
removed, and the circumstances of the estate require the immediate
appointment of a personal representative.
6. If there may be no assets subject to administration but good cause
exists for the appointment of a personal representative of the decedent.
7. In any other proper case.
Sec. 173. NRS 140.020 is hereby amended to read as follows:
140.020 1. The appointment of a special administrator may be made
at chambers [,] or in open court, and without notice or upon such notice to
such [of the persons interested in the estate] interested persons as the court
[
upon the minutes of the court or by written order signed and filed, which
[
2. Upon the
filing of the order ,appointed has given bond
issue special letters of administration, with a
attached
.3. In making the appointment of a special administrator
, thejudge shall] court may give preference to the person or persons entitled to
letters testamentary or letters of administration, but no appeal [shall be
allowed] may be taken from the appointment.
Sec. 174. NRS 140.030 is hereby amended to read as follows:
140.030 Before letters issue to a person as a special administrator [he]
, the person
must:1. Give bond in such sum as the court
with sureties to the satisfaction of the court ,
faithful performance of
bond;
and2. Take the usual oath
Thereupon the clerk shall issue special letters of administration to him.] of
office.
Sec. 175. NRS 140.040 is hereby amended to read as follows:
140.040 1. A special administrator shall:
(a) Collect and preserve for the executor or administrator when
appointed all the goods, chattels and
and all incomes, rents, issues, profits, claims and demands of the estate.
(b) Take charge and management of the real property and enter upon
and preserve it from damage, waste and injury.
2. A special administrator may:
(a) For all necessary purposes, commence, maintain or defend
actions and other legal proceedings as
representative.
(b) Without prior order of the court, sell any perishable property of the
estate, as provided in NRS 148.170.
(c) Exercise such other powers asby the
order of appointment.(d) Obtain leave
of the court to borrow money or to lease or mortgage
general] an executor or administrator.
3. A special administrator is not liable:
(a) To [an action by] any creditor on any claim against the estate; or
(b) [To pay] For any claim against the deceased except [for] a claim
involving wrongful death, personal injury or property damage [where] if
the estate contains no assets other than a policy of liability insurance.
Sec. 176. NRS 140.050 is hereby amended to read as follows:
140.050 1. If any property in
special administrator is subject to a mortgage
lien
to secure the payment of money, and there is danger that the holder ofthe security may enforce or foreclose the
value of the
property exceedsthereon, then, upon petition of the special administrator or
interested in the estate] an interested person and upon such notice as the
court [or judge shall deem] deems proper, the court [or judge] may
authorize or direct the special administrator to [pay the interest due] make
one or more payments on all or any part of the amount so secured.
2. The order may also direct that interest not yet accrued be paid as it
becomes due, and the order shall remain in effect and cover such future
interest unless and until for good cause set aside or modified by the court
upon petition and notice, in the same manner as [a general] an executor or
administrator.
Sec. 177. NRS 140.060 is hereby amended to read as follows:
140.060 1.
determination of a contest of a will instituted
before it is admitted to probate,
or pending an appeal from an orderappointing, suspending or removing an executor or administrator, the
special administrator
obligations as
administration issued to him
administrator is appointed with
those powers.
2. If a special administrator has been appointed, and thereafter a
proceeding to contest a will
admitted to probate
has been instituted, the court shallorder
have] the additional powers, duties and obligations of [a general] an
executor or administrator and requiring [that he give] such additional bond
as the court deems proper. The order is not appealable . [, and from the
time of the approving and filing of any additional bond as may be required,
the special administrator shall have the powers, duties and obligations of a
general administrator.] Sec. 178. NRS 140.070 is hereby amended to read as follows:
140.070 [When] If letters testamentary or letters of administration
[shall be granted on the estate of the deceased,] are granted, the powers of
[
special administrator shall immediately
deliver to the executor oradministrator all the property and effects of the deceased in
possession of the special administrator
and the executor or administratormay prosecute to final judgment any
special administrator.
Sec. 179. NRS 140.080 is hereby amended to read as follows:
140.080
under oath, of
are required to do
,appointed the succeeding
accounting otherwise due from
included in
Sec. 180. Chapter 141 of NRS is hereby amended by adding thereto
the provisions set forth as sections 181 and 182 of this act.
Sec. 181.
Letters of special administration may be in substantiallythe following form, after properly entitling the court:
In the Matter of the Estate of )
) Case No.
)
deceased. ) Letters of Special Administration
)
On _____ (day) _____ (month) _____ (year), the court entered an
order (admitting the decedent's will to probate and) appointing
(name) as special administrator of the decedent's estate. The
order includes:
[ ] a directive for the establishment of a blocked account for sums in
excess of $__;
[ ] a directive for the posting of bond in the sum of $___; or
[ ] a directive for both the establishment of a blocked account for
sums in excess of $___ and the posting of bond in the sum of $___.
The special administrator, after being duly qualified, may act and has
the authority and duties of special administrator.
In testimony of which, I have this date signed these letters and affixed
the seal of the court.
CLERK OF THE COURT
By
Deputy Clerk (date)
OATH
I, ______________________________________, whose mailing
address is __________________________________________, solemnlyaffirm that I will faithfully perform according to law the duties of special
administrator, and that all matters stated in any petition or paper filed
with the court by me are true of my own knowledge or, if any matters are
stated on information and belief, I believe them to be true.
Special Administrator
SUBSCRIBED AND AFFIRMED before me this _____ day
of ______________, ____.
CLERK OF COURT
By
Deputy Clerk
(or)
NOTARY PUBLIC
County of __________ State of
Sec. 182.
After receipt of notice of a proceeding to suspend orremove a person as personal representative, the person shall not act
except to account, correct malfeasance or misfeasance of administration,
or preserve the estate. If removal is ordered, the court shall also order the
disposition or transfer of the assets remaining in the name or under the
control of the personal representative being removed.
Sec. 183. NRS 141.010 is hereby amended to read as follows:
141.010 Letters testamentary, letters of administration with the will
annexed,
letters of special administration, and letters of administration[
court.
Sec. 184. NRS 141.020 is hereby amended to read as follows:
141.020 Letters testamentary may be in substantially the following
form
,................, deceased, having been duly admitted to probate in our court,
................, who is named therein, was by our court on the ..... day of ........,
........, duly appointed executor, who, having qualified as such, is hereby
authorized to act by virtue thereof. In testimony whereof, I have officially
signed these letters and affixed hereto the seal of the court, this ..... day of
........, ........"] :
In the Matter of the Estate of )
) Case No.
)
deceased. ) Letters Testamentary
)
On _____ (day) _____ (month) _____ (year), the court entered an
order admitting the decedent's will to probate and appointing
(name) as executor of the decedent's estate. The order includes:
[ ] a directive for the establishment of a blocked account for sums in
excess of $___; or [ ] a directive for the posting of a bond in the sum of $_____, or both.
The executor, after being duly qualified, may act and has the authority
and duties of an executor.
In testimony of which, I have this date signed these letters and affixed
the seal of the court.
CLERK OF THE COURT
By
Deputy Clerk (date)
OATH
I,____________________________________, whose mailing address
is _______________________________________, solemnly affirm that I
will faithfully perform according to law the duties of executor, and that
all matters stated in any petition or paper filed with the court by me are
true of my own knowledge or, if any matters are stated on information
and belief, I believe them to be true.
Executor
SUBSCRIBED AND AFFIRMED before me this ______ day
of ______________, ____.
CLERK OF COURT
By
Deputy Clerk
(or)
NOTARY PUBLIC
County of __________ State of
Sec. 185. NRS 141.030 is hereby amended to read as follows:
141.030 Letters of administration with the will annexed may be
insubstantially
[
admitted to probate in our court, and there being no executor named in the
will (or as the case may be), ................ was by our court, on the ..... day of
........, ........, duly appointed as administrator with the will annexed, and
who, having duly qualified as such, is hereby authorized to act by virtue
thereof. In testimony whereof, I have officially signed these letters and
affixed hereto the seal of the court, this ..... day of ........, ........"] :
In the Matter of the Estate of )
) Case No.
)
deceased. ) Letters of Administration With Will Annexed
)
On _____ (day) _____ (month) _____ (year), the court entered an
order admitting the decedent's will to probate and appointing
(name) as administrator with will annexed of the decedent's
estate. The order includes: [ ] a directive for the establishment of a blocked account for sums in
excess of $__;
[ ] a directive for the posting of bond in the sum of $___; or
[ ] a directive for both the establishment of a blocked account for
sums in excess of $___ and the posting of bond in the sum of $___.
The administrator with the will annexed, after being duly qualified,
may act and has the authority and duties of administrator with will
annexed.
In testimony of which, I have this date signed these letters and affixed
the seal of the court.
CLERK OF THE COURT
By
Deputy Clerk (date)
OATH
I,________________________________________, whose mailing
address is _________________________________________, solemnly
affirm that I will faithfully perform according to law the duties of
administrator with the will annexed, and that all matters stated in any
petition or paper filed with the court by me are true of my own knowledge
or, if any matters are stated on information and belief, I believe them to
be true.
Administration With Will Annexed
SUBSCRIBED AND AFFIRMED before me this ______ (day) of
______________(month) of ____(year).
CLERK OF COURT
By
Deputy Clerk
(or)
NOTARY PUBLIC
County of __________ State of
Sec. 186. NRS 141.040 is hereby amended to read as follows:
141.040 Letters of administration may be in
substantially the followingform
,that, by order of the above-named court and entered on the ..... day of ........,
........, ................ was appointed administrat ........ (or special administrat
.....) of the estate of ................, deceased, by virtue of which these letters
are issued this ..... day of ........, ........, he having duly qualified. Witness my
official signature, with the seal of the court affixed."] :
In the Matter of the Estate of )
) Case No.
)
deceased. ) Letters of Administration
) On _____ (day) _____ (month) _____ (year), the court entered
an order appointing (name) as administrator of the decedent's
estate. The order includes:
[ ] a directive for the establishment of a blocked account for sums in
excess of $__;
[ ] a directive for the posting of bond in the sum of $___; or
[ ] a directive for both the establishment of a blocked account for
sums in excess of $___ and the posting of bond in the sum of $___.
The administrator, after being duly qualified, may act and has the
authority and duties of administrator.
In testimony of which, I have this date signed these letters and affixed
the seal of the court.
CLERK OF THE COURT
By
Deputy Clerk (date)
OATH
I,______________________________________, whose mailing
address is ______________________________________, solemnly
affirm that I will faithfully perform according to law the duties of
administrator, and that all matters stated in any petition or paper filed
with the court by me are true of my own knowledge or, if any matters are
stated on information and belief, I believe them to be true.
Administrator
SUBSCRIBED AND AFFIRMED before me this ______ (day) of
______________ (month) of ____(year).
CLERK OF COURT
By
Deputy Clerk
(or)
NOTARY PUBLIC
County of __________ State of
Sec. 187.
NRS 141.050 is hereby amended to read as follows:141.050 If, after granting letters of administration on the ground of
intestacy, a will of the [deceased shall be] decedent is duly proved and
allowed by the court, the letters of administration [shall] must be revoked
and the power of the administrator [shall cease,] ceases, and [he] the
administrator shall render an account of his administration within such
time as the court [shall direct.] directs. In such a case, the executor of the
will, or the administrator with the will annexed, [shall be] is entitled to
demand, [sue] maintain an action for and collect all the goods, chattels
and effects of the deceased, remaining unadministered, and may prosecute
to final judgment any suit commenced by or against the administrator
before the revocation of [his] that administrator's letters.
Sec. 188. NRS 141.060 is hereby amended to read as follows:
141.060 [In case any] If one of several [executors or administrators]
personal representatives of the same estate to whom letters
been granted
becomes incapacitated or disqualified,
or otherwiseincapable of executing the
letters
annulled according to law with respect to
administrator,] one personal representative, the remaining [executor or
administrator] personal representative shall proceed and complete the
[
Sec. 189.
NRS 141.070 is hereby amended to read as follows: 141.070 If all the [executors or administrators] personal
representatives die or from any cause become incapable of executing the
[
annulled according to law, the
administration with the will annexed, or otherwise, to be issued to the
surviving husband or wife, next of kin or others, in the same manner as
directed in relation to original letters of administration. The administrator
so appointed shall give bond in like penalty, with like sureties and
conditions as required of administrators, and shall have the same authority.]
to be issued according to the priority established in NRS 139.040. The
successor personal representative shall post such bond as the court may
require.
Sec. 190. NRS 141.080 is hereby amended to read as follows:
141.080
resign
with the
court, to take effect upon the settlement ofhowever, by reason of any delay in
cause, the circumstances of the estate or the rights of those interested
therein require it, the court, at any time after the tendering of the
resignation, may revoke the letters of
appoint in his stead an administrator, either special or general, or with the
will annexed,] the personal representative and appoint a successor
personal representative in the same manner as is directed in relation to
original letters . [of administration.] The liability of the [outgoing executor
or administrator] previous personal representative or of the sureties on [his
bond shall not in any manner be] the bond of the personal representative is
not discharged, released or affected by [such] the resignation or
appointment, but [shall continue until the executor or administrator]
continues until the personal representative
has delivered up all the estateto the
and filed an accounting in accordance with NRS 150.080, and the
accounting has been approved by the court.
Sec. 191.
NRS 141.090 is hereby amended to read as follows: 141.090 [Whenever a district judge] If a court has reason to believe,
from [his] its own knowledge or from credible information, that [any
executor or administrator:] a personal representative:
1. Has wasted, converted to
use
representative's
own use, the property of the estate committed tocharge; or] the personal representative's charge;
2. Has committed or is about to commit any wrong or fraud upon the
estate;
3. Has become
4. Has wrongfully neglected the estate; or
5. Has unreasonably delayed the performance of necessary acts in any
particular as
representative,
the court may,
by an order entered upon the minutes ,suspend the powers of the
representative
until the matter can be investigatedaction as it deems appropriate under the circumstances.
Sec. 192.
NRS 141.100 is hereby amended to read as follows: 141.100 During the suspension of the powers of [an executor or an
administrator,] a personal representative, as provided in NRS 141.090 [,
the district court or judge,] and 142.110, the court, if the condition of the
estate requires , [it,] may appoint a special administrator to take charge of
[
administrators are required to do.] the estate. The special administrator
must post such bond as the court may require.
Sec. 193. NRS 141.110 is hereby amended to read as follows:
141.110 1.
suspension
is entered, the clerk shall issue a citation, reciting the order ofsuspension, to the
appear before the court at a time
,
representative
should not be revoked.2. The citation
as provided in
process.] NRS 155.050.
3. If the
absconded or
has left
the state, the citation may be served by leaving a copy withthe personal representative's
attorney of record, ifsuch manner as the court may direct, and the court
jurisdiction to proceed as if the citation had been personally served.
Sec. 194. NRS 141.120 is hereby amended to read as follows:
141.120
and file allegations in writing, showing that the
and determined by the court.]
Sec. 195. NRS 141.130 is hereby amended to read as follows:
141.130 1. If the
fails to appear
personal representative
appears and the court is satisfied that good groundsexist for
representative must
be revoked, and new lettersanew, as the case may require.] must issue.
2. In proceedings for the removal of
personal representative,
the court may compelpersonal representative
byrequire
[
so, may commit
personal representative
obeys or may revokeSec. 196. NRS 141.140 is hereby amended to read as follows:
141.140 All acts of
representative
before the revocation ofadministration, shall be] the letters of the personal representative are as
valid, [to] for all intents and purposes, as if [he] the personal
representative had continued lawfully to execute the duties of [his trust.]
the office.
Sec. 197. NRS 142.010 is hereby amended to read as follows:
142.010 1. Before letters
may be issued to
representative, the personal representative must
take and subscribe anoath or affirmation, before a person authorized to administer oaths, that
[
[
filed
2. The oath of a corporation appointed as
personal representative
may be taken and subscribed byvice president, trust officer, or secretary or treasurer,] an authorized
representative upon its behalf . [, and the oath of a banking corporation
may be taken and subscribed by any of the above-named officers, or by its
cashier, trust officer, assistant trust officer, manager, branch manager or
other authorized officer.]
Sec. 198. NRS 142.020 is hereby amended to read as follows:
142.020 1.
of a bond of
administrator] a personal representative is discretionary with the court.
Whether a bond is expressly required by the will or not, the court may:
(a) Require a bond if it determines a bond is desirable; or
(b) Dispense with the requirement of a bond if it determines a bond is
unnecessary. 2. The bond must be conditioned so that the [executor or administrator]
personal representative
will faithfully execute the duties of theoffice
according to law, and the bond must be3. Personal assets of an estate may be deposited with a domestic
be prescribed by order of the court having jurisdiction of the estate. The
deposit is subject to the further order of the court. The bond of the
[
accordingly.
The personal representative shall file with the clerk theacknowledgment of an authorized representative of the financial
institution that holds the assets deposited, which may be in the following
form:
PROOF OF BLOCKED ACCOUNT
The undersigned affirms that ____________________________, as
personal representative of the estate of
______________________________, deceased, has established an
account, number ___, entitled "______," in the amount of $_____.
The undersigned acknowledges that this account bears a
blocked/frozen designation, and that no money may be removed without
first presenting an order from the court authorizing the withdrawal.
Dated on ___________(date), By:
Title:
4. During the pendency of the administration, any person, including a
creditor, having an interest in
may
successor submit a bond. Upon receipt of the demand, the executor,
administrator or any successor shall refrain from exercising any powers,
except those necessary to preserve the estate, until the bond is filed. The
executor, administrator or any successor is not required to file a bond in an
amount which is greater than the amount of the claim of the person having
an interest in the estate. The court may, upon the petition of the executor,
administrator or any successor, dispense with the requirement of a bond.]
file a petition requesting that the personal representative submit
additional bond. Upon the filing of the petition, the clerk shall set it for
hearing, and the petitioner shall give notice for the period and in the
manner provided in NRS 155.010. Upon hearing the petition, the court
may require the personal representative to file additional bond in the
amount of the claim of the petitioner, unless it determines that bond
should be dispensed with or set in a different amount.
5. The amount of the bond is the estimated value of all personal
property plus income for 1 year from both real and personal property,
unless the amount of the bond is expressly mentioned in the will, changed
by the court
company, as defined in NRS 669.070, doing business in this state is
appointed
estate of a
administrator,] unless otherwise specifically required by the court.
Sec. 199. NRS 142.030 is hereby amended to read as follows:
142.030 The bond
may be sued upon from time to time by any person aggrieved in
that person's
own name until the whole penalty is exhausted.Sec. 200. NRS 142.035 is hereby amended to read as follows:
142.035 If
required by a court pursuant to the provisions of this
provide security in the form of cash or a bond, stipulation or other
undertaking with one or more sureties, each surety for that security submits
[
irrevocably appoints the clerk of that court as
any papers affecting
served. The liability of the surety may be enforced on
without the necessity of an independent action. The
such notice of the
prescribes may be served on the clerk of the court, who shall
mail copies to the surety
known address.
Sec. 201.
NRS 142.040 is hereby amended to read as follows: 142.040 [1. In all cases when bonds are required by this Title,] If a
bond is required under this chapter, the sureties must justify on oath
before the [judge] court or clerk [of a court having a seal,] or before a
notary public, or a justice of the peace of the county, to the effect that they
are householders, or freeholders, within this state, and worth the amount for
which they become surety, over and above all just debts and liabilities,
exclusive of property exempt from execution. The justification must be
signed by the sureties and certified by the person taking the justification,
and endorsed on or attached to and filed with the bond.
[2. Upon filing, the clerk shall enter in the register of actions the date
and amount of the bond and the name or names of the surety or sureties
thereon. In the event of the loss of the bond, the entry so made is prima
facie evidence of the due execution of the bond as required by law.
3. When the whole penal sum of the bond exceeds $2,000 sureties may
go thereon for any sum not less than $500, so that the whole be equal to
two sufficient sureties for the whole penal sum.]
Sec. 202. NRS 142.050 is hereby amended to read as follows:
142.050 1. Before
required
own motion, or at any time after the approval of a bond upon
any person interested in the estate,] petition of an interested person,
supported by affidavit that any one or all of the sureties is or are not worthas much as justified to, order a citation to issue, requiring the surety or
sureties to appear before
testify
[
subpoena to issue to the
representative
requiring his appearance at the return of the citation.2. Upon the return of the citation
, thequestion
the surety and such witnesses as may be producedconcerning
the propertyvalue.
If, upon such investigation, thebond is insufficient,
such time as
Sec. 203.
NRS 142.060 is hereby amended to read as follows:142.060 If sufficient security is not given within the time fixed by the
[judge's] court's order, or such further time as the [judge may give,] court
may allow, the right of the [executor or administrator to the administration
shall cease] personal representative to administer the estate ceases and the
person next entitled to the administration [on] of the estate, who will
[
administration.
Sec. 204. NRS 142.070 is hereby amended to read as follows:
142.070
that no bond
testamentary] personal representative, letters may issue without any bond
[
personal representative
to whom letters have been issued without bondmay, at any time afterward,
cause to be necessary or proper, be required to provide and file a bond as in
other cases.
Sec. 205. NRS 142.080 is hereby amended to read as follows:
142.080 1.
discover] If an interested person discovers that the sureties of [any
executor or administrator] a personal representative have become or are
becoming insolvent, or that [they or] any one [have or] of them has
removed from, or [are or] is about to remove from the state, or that from
any other cause the bond is insufficient, [such person may apply by petition
to the district judge praying] the interested person may file a petition with
the court requesting that further security be given.
2. If it comes to the knowledge of the [judge] court that the bond is for
any cause insufficient [he may, of his] , it may, on its own motion, without
any [application,] petition, require further security.
3. A personal representative or his counsel, if either becomes aware
of facts causing a need therefor, shall petition the court for an order ex
parte increasing a bond to the total appraised value of personal property
on hand plus 1 year's estimated income from real and personal property.
In an accounting, if a bond has been posted, a separate paragraph mustbe included describing the total bond posted, the appraised value of
personal property on hand plus the estimated annual income from real
and personal property and a statement of any additional bond thereby
required.
Sec. 206.
NRS 142.090 is hereby amended to read as follows: 142.090 1. If the court [or judge] is satisfied from [the] a petition for
additional bond or otherwise believes that the matter requires
investigation, a citation must be issued to the [executor or administrator
requiring him] personal representative requiring the personal
representative to appear before the [judge] court at a designated time and
place, to show cause why [he] the personal representative should not give
further security. The citation must be served on the [executor or
administrator personally, at least 5 days before the return day. If he has
absconded or cannot be found, it may be served by leaving a copy of it at
his residence, or by such publication as the court or judge may order.]
personal representative pursuant to NRS 155.050.
2. On the return of the citation or at such other time as the
court may appoint,
satisfactorily appears that the security, from any cause, is insufficient,
shall make] it shall enter an order requiring the [executor or administrator]
personal representative
to give further security, or to file a new bond in theusual form, within a reasonable time, not less than 5 nor more than 30 days.
Sec. 207. NRS 142.100 is hereby amended to read as follows:
142.100 If sufficient security or additional security is not given within
the time fixed by the
administrator to the administration shall cease,] personal representative to
administer the estate ceases, and the person next entitled to administer the
estate, who will [execute] post a sufficient bond, must be appointed. If
letters have already been issued to the [executor or administrator, the same
shall] personal representative, the letters must be revoked and [his
authority shall thereupon cease.] the authority of the personal
representative thereupon ceases. The person next entitled to administer the
estate, who [shall execute] will post a proper bond, [shall] must be
appointed, upon giving the [same notice required of other executors and
administrators, as the case may be.] notice required by NRS 155.010.
Sec. 208. NRS 142.110 is hereby amended to read as follows:
142.110
1. If
a petition is presentedrequesting that a personal representative
be required to give furthersecurity, and
affirmation that the
wasting the property of the estate, the
[
heard and determined.
2. If an order of suspension is entered, the personal representative is
restrained as provided in section 182 of this act. After the suspension, the
personal representative must be cited to show cause and the matter must
be heard and determined pursuant to NRS 141.130.
Sec. 209.
NRS 142.130 is hereby amended to read as follows: 142.130 [When] If a surety of [an executor or administrator] a
personal representative desires to be released from responsibility on
account of future acts, [he may make application to the court, or a judge
thereof,] the surety may petition the court for relief. The court [or judge]
shall cite the [executor or administrator] personal representative to appear
at a designated time and place and give other security. If the [executor or
administrator has absconded, left or removed from the state, or if he]
personal representative cannot be found after due diligence and inquiry,
the citation may be served by leaving a copy of it at [his] the residence of
the personal representative, or by serving the attorney of the personal
representative, or by such publication as the court [or judge may order, all
in accordance with] orders pursuant to the provisions of NRS 143.190.
Sec. 210. NRS 142.140 is hereby amended to read as follows:
142.140 If the [executor or administrator] personal representative
neglects or refuses to give new sureties, to the satisfaction of the [judge,]
court, on the return of the citation, the court [or judge] being satisfied the
citation has been served, or within such reasonable time as the [judge shall
allow,] court allows, not exceeding 5 days [,] unless the surety [or sureties
petitioning shall consent] petitioning consents to a longer extension of
time, the court [or judge] shall revoke the letters granted.
Sec. 211. NRS 142.150 is hereby amended to read as follows:
142.150 If new sureties [be] are given to the satisfaction of the [judge,
he shall thereupon make] court, it shall thereupon enter an order that the
surety [or sureties] who applied for relief [shall not be] is not liable for any
subsequent act, default [,] or misconduct of the [executor or administrator.]
personal representative.
Sec. 212. Chapter 143 of NRS is hereby amended by adding thereto a
new section to read as follows:
A statute of limitations running on a cause of action belonging to a
decedent, that was not barred as of the date of death, does not bar the
cause of action sooner than 4 months after the death. A cause of action
that, but for this section, would be barred less than 4 months after the
death of the decedent is barred after 4 months unless the running of the
statute is tolled under other law.
Sec. 213.
NRS 143.010 is hereby amended to read as follows: 143.010 [When] If there are two [executors or administrators]
personal representatives, the acts of one alone
other is absent from the state, or for any cause is laboring under any legal
disability, and
[
Sec. 214. NRS 143.020 is hereby amended to read as follows:
143.020
otherwise provided in NRS 146.010, a personal representative has
a rightto the possession of all the real, as well as personal, property of the
[
property until the estate
of the
effort to
keep in good tenantable repair all houses, buildings andappurtenances
thereon which are underpersonal representative.
Sec. 215.
NRS 143.030 is hereby amended to read as follows: 143.030 1. [The executor or administrator] A personal
representative shall take into [his] possession all the estate of the
[
in this Title, and shall collect all
to] decedent or the estate.
2. For the purpose of bringing [suits] actions to quiet title or for
partition of the estate, the possession of the [executor or administrator]
personal representative
shall be deemed the possession of the heirs ordevisees. The possession of heirs or devisees
to the possession of the
for all other purposes.
Sec. 216. NRS 143.035 is hereby amended to read as follows:
143.035 1.
shall use reasonable diligence in performing
representative
and in pursuing the administration of the estate.2.
of an estate that has not been closed shall:
(a) Within 6 months after
appointment, where no federal estate tax return is required to be filed for
the estate; or
(b) Within 15 months after
appointment, where a federal estate tax return is required to be filed for the
estate,
file with the
closed.
3. Upon receiving the report, the
for a hearing of the report
.after receiving it. At least 10 days before the hearing, the executor or
administrator] The personal representative shall send a copy of the report
and shall give notice of the hearing, [by registered or certified mail,] for the
period and in the manner provided in NRS 155.010, to:
(a) Each person whose interest is affected as an heir [, devisee or
legatee;] or devisee; and
(b) The welfare division of the department of human resources, if the
welfare division has filed a claim against the estate. 4. At the hearing, the court shall determine whether or not the
[
diligence in
representative
has not, the court may:(a) Subject to the provisions of NRS 143.037:
(1) Prescribe the time within which the estate must be closed; or
(2) Allow the
additional time for closing and order a subsequent report; or
(b) Revoke the letters of the
representative,
appoint a successor and prescribe a reasonable time withinwhich the successor shall close the estate.
Sec. 217. NRS 143.037 is hereby amended to read as follows:
143.037 1. Except as otherwise provided in this section,
or administrator] a personal representative shall close an estate within 18
months after [his] appointment.
2. If a claim against the estate is in litigation or in summary
determination pursuant to subsection 4 of NRS 145.060 or subsection 2 of
NRS 147.130 or the amount of federal estate tax has not been determined,
the court, upon petition of a devisee, [legatee,] creditor or heir, shall order
that:
(a) A certain amount of money, or certain other assets, be retained by
the [executor or administrator] personal representative to:
(1) Satisfy the claim or tax ; [,] and
(2) Pay any fees or costs related to the claim or tax, including [, but
not limited to,] fees for appraisals, attorney's fees and court costs; and
(b) The remainder of the estate be distributed.
3. If a contest of the will or a proceeding to determine heirship is
pending, the court which appointed the [executor or administrator:]
personal representative:
(a) Shall order that a certain amount of money, or certain other assets,
be retained and the remainder of the estate distributed; or
(b) May, for good cause shown, order that the entire distributable estate
be retained pending disposition of the contest or proceeding.
Sec. 218. NRS 143.040 is hereby amended to read as follows:
143.040 1.
testator or intestate,] If a partnership existed between the decedent, at the
time of [his] death, and any other person, the surviving partner [shall have
the right to] may continue in possession of the effects of the partnership
and [to] settle its business, but the [interests of the deceased shall] interest
of the decedent must be included in the inventory and appraised as [other
property.] an asset of the estate.
2. The surviving partner shall proceed to settle the affairs of the
partnership without delay, and shall account to the
administrator,] personal representative and pay over such balance as may
be, from time to time, payable to [him as the representative of his testator
or intestate.] the estate of the decedent. 3. Upon the [application of the executor or administrator the court or
judge] petition of the personal representative, the court may, whenever it
may appear necessary, order the surviving partner to render an [account,]
accounting,
and in case of neglect or refusal , may, after notice, compel itby
the personal representative
may maintain againstpartner
any action which the4. Upon any sale of a partnership interest
, the surviving partner maybe a bidder.
Sec. 219. NRS 143.050 is hereby amended to read as follows:
143.050 After notice given as provided in NRS 155.010 or in such
other manner as
directs,
the court may authorize therepresentative
to continue the operation of the decedent's business to suchan extent and subject to such restrictions as may seem to the court to be for
the best interest of the estate and
persons.
Sec. 220.
NRS 143.060 is hereby amended to read as follows:143.060 Actions for the recovery of any property, real or personal, or
for the possession thereof, or to quiet title thereto, or to determine any
adverse claim thereon, and all actions founded upon contracts, may be
maintained by and against [executors and administrators] a personal
representative in all cases in which the [same] actions might have been
maintained by or against [their respective testators or intestates; and all
judgments quieting title to real property, entered prior to February 7, 1921,
in actions instituted and maintained by executors or administrators, shall
have the same force and effect after the lapse of 10 years from the entry
thereof, unless sooner set aside, as judgments entered in like actions
instituted and maintained by the heirs or devisees of their respective
testators or intestates.] the decedent.
Sec. 221. NRS 143.070 is hereby amended to read as follows:
143.070 1.
personal representative may commence or maintain an action
against anyperson
carried away or converted
[
2.
[
Sec. 222. NRS 143.080 is hereby amended to read as follows:
143.080 Any person or
personal representative has
a right of action against theadministrator of any testator or intestate] personal representative of a
decedent who, in [his lifetime, shall have] the lifetime of the decedent
wasted, destroyed, [taken,] took, carried away or converted [to his own use]the goods or chattels of [any such] that person, or committed any trespass
on the real property of [such] that person.
Sec. 223. NRS 143.090 is hereby amended to read as follows:
143.090 [Any executor or administrator may, in his own name,] A
successor personal representative may, for the use and benefit of all
[
maintain an action
on the bond offormer personal representative
of the same estate.Sec. 224. NRS 143.100 is hereby amended to read as follows:
143.100 If any person, before the granting of letters
letters of administration, shall convert to his own use, take or alienate]
converts, takes or alienates
any of theeffects of
chargeable and
the estate] personal representative for double the value of the property so
converted, taken or alienated, to be recovered for the benefit of the estate.
Sec. 225. NRS 143.110 is hereby amended to read as follows:
143.110 1. If [any executor or administrator, heir, devisee, legatee,
creditor or other person interested in the estate of any deceased person shall
complain, on oath, to the district judge] a personal representative or other
interested person alleges in a petition to the court that any person has, or
is suspected to have, concealed, converted , [to his own use,] conveyed
away or otherwise disposed of any [moneys,] money, goods, chattels or
effects of the [deceased,] decedent, or that [he has in his] the person has
possession or knowledge of any deeds, conveyances, bonds, contracts or
other writings which contain evidence of, or tend to disclose the right, title
or interest of the [deceased] decedent in or to any real or personal property,
or any claim or demand, or any last will of the [deceased, the judge]
decedent, the court
may causebefore the
[
2. If the person
granted,
[
the court issuing the citation. If
found innocent, his necessary expenses
estate.
Sec. 226. NRS 143.120 is hereby amended to read as follows:
143.120 1. If the person so cited
and submit to examination or to testify
the complaint, the court may commit the person to the county jail, there to
remain confined until
court or
2. If, upon examination, it
concealed, converted
,any manner disposed of any
[
writings
interest or claim of the
property, claim or demand, or any last will of the
decedent, the
court maydeliver any such property or effects to the
personal representative
at such time as the court may fix.person fail] If the person fails to comply with the order , the court may
commit [him] the person to the county jail until the order [shall be] is
complied with or the person
is discharged according to law.3. The order of the court for the delivery of
property is
prima facie evidence of the right of theadministrator] personal representative to the property in any action that
may be brought for [the recovery thereof,] its recovery, and any judgment
recovered [therein shall] must be for double the value of the property, and
damages in addition thereto equal to the value of [such] the property.
4. In addition to the examination of the party, witnesses may be
produced and examined on either side.
Sec. 227. NRS 143.130 is hereby amended to read as follows:
143.130 The [district judge, upon the complaint on oath of any
executor or administrator, may cause any person who shall have been
entrusted by the executor or administrator] court, upon the petition of a
personal representative, may require any person entrusted by the
personal representative with any part of the estate of the decedent to
appear before the court and render on oath a full [account] accounting of
any money, goods, chattels, bonds, accounts, or other papers or effects
belonging to the estate which [shall] have come into [his] the possession of
the person in trust for the [executor or administrator.] personal
representative. If the person so cited [shall fail or refuse] fails or refuses to
appear and render the [account, he may be proceeded against,] accounting,
the court may proceed against the person as provided in NRS 143.120.
Sec. 228. NRS 143.140 is hereby amended to read as follows:
143.140 1. If a debtor of the decedent is unable to pay all [his] debts,
the [executor or administrator,] personal representative, with the approval
of the court, may give [him] the person a discharge upon such terms as may
appear to the court to be for the best interest of the estate.
2. A compromise may also be authorized by the court when it appears
to be just and for the best interest of the estate.
3. The court may also authorize the [executor or administrator,]
personal representative, on such terms and conditions as may be approved
by it, to extend or renew, or in any manner modify the terms of, any
obligation owing to or running in favor of the decedent or
estate of the decedent.
4. To obtain approval or authorization the
shall file a verified petition with the clerk] personal representative shallfile a petition showing the advantage of the settlement, compromise,
extension, renewal or modification. The clerk shall set the petition for
hearing by the court, and [notice thereof shall be given] the petitioner shall
give notice for the period and in the manner required by NRS 155.010.
Sec. 229. NRS 143.150 is hereby amended to read as follows:
143.150 1. If the [deceased, in his lifetime,] decedent conveyed any
real property or any rights or interests therein, with intent to defraud [his]
creditors or to avoid any obligation, debt or duty owed another, or so
conveyed [such] the property that by law the deeds of conveyance are void
as against creditors, or made a gift of property in [view] contemplation of
death, and there is a deficiency of assets in the hands of the [executor or
administrator, the latter, on application] personal representative to pay all
the expenses and debts of the estate, the personal representative, on
petition of any creditor, shall commence and prosecute to final judgment
any proper action for the recovery of the [same] property for the benefit of
the creditors.
2. The [executor or administrator] personal representative may also,
for the benefit of the creditors, [sue] maintain an action for and recover all
goods, chattels, rights or credits, or their value, which may have been so
fraudulently conveyed by the [deceased in his lifetime,] decedent, whatever
may have been the manner of fraudulent conveyance.
Sec. 230. NRS 143.160 is hereby amended to read as follows:
143.160 1. [An executor or administrator shall not be] A personal
representative is not bound to [sue] maintain an action for the estate [, as
mentioned in] , pursuant to NRS 143.150, for the benefit of the creditors,
unless a creditor [or creditors of the deceased:
(a) Make application therefor;] of the decedent:
(a) Files a petition; and
(b) [Pay] Pays the costs and expense of the litigation or [give] gives
such security [therefor as the court or judge shall direct.] as the court
directs.
2. All real property so recovered
of debts in the same manner as prescribed in this Title for sales of real
property by
3. The proceeds of all goods, chattels, rights or credits so received
by the creditor, must
be applied in payment of debts in the same manner asother personal property in the hands of
personal representative.
Sec. 231.
NRS 143.165 is hereby amended to read as follows: 143.165 1. On petition of [any person who appears to have an
interest in the estate,] an interested person, the court by temporary order
may restrain a personal representative from performing specified acts of
administration, disbursement or distribution, or exercising any powers or
discharging any duties of [his] the office, or [make] enter any other order
to secure proper performance of [his duty,] the duties of the office, if itappears to the court that the personal representative otherwise may take
some action that would jeopardize unreasonably the interest of the
petitioner or of some other interested person. A person with whom the
personal representative may transact business may be made a party [.] to
the temporary order.
2. The matter must be set for hearing within 10 days after
entry of the temporary order unless the parties otherwise agree. Notice as
the court directs must be given
by the petitioner to the personalrepresentative and
representative,
if any, and to any other party namedpetition.
3. As used in this section:
(a) "Person" includes, without limitation, a government, governmental
agency or political subdivision of a government.
(b) "Personal representative" includes, without limitation, an executor,
an administrator, a successor personal representative, a special
administrator and persons who perform substantially the same function
under the law governing their status.] as a party in the temporary order.
Sec. 232. NRS 143.170 is hereby amended to read as follows:
143.170
representative shall not
directly or indirectly purchase any property of theestate
Sec. 233.
NRS 143.175 is hereby amended to read as follows: 143.175 [Executors and administrators may, without court approval,
deposit or invest funds of the estate in:
1. United States treasury notes, bills or bonds;
2. Negotiable commercial paper, not exceeding 180 days maturity, of
prime quality as defined by a nationally recognized organization which
rates such securities;
3. Bankers' acceptances;
4. Savings accounts or certificates of deposit in national banks, banks
chartered by the State of Nevada, federal savings and loan associations or
savings and loan associations chartered by the State of Nevada; or
5. Any other investment in which an executor or administrator is
authorized by law or by a will to invest moneys or funds under his control.]
1. A personal representative may, with court approval:
(a) Invest the property of the estate, make loans and accept security
therefor, in the manner and to the extent authorized by the court; and
(b) Exercise options of the estate to purchase or exchange securities
or other property.
2. A personal representative may, without prior approval of the
court, invest the property of the estate in:
(a) Savings accounts in a bank or savings and loan association in this
state, to the extent that the deposit is insured by the Federal Deposit
Insurance Corporation; (b) Interest-bearing obligations of, or fully guaranteed by, the United
States;
(c) Interest-bearing obligations of the United States Postal Service or
the Federal National Mortgage Association;
(d) Interest-bearing obligations of this state or of a county, city or
school district of this state;
(e) Money-market mutual funds that are invested only in obligations
listed in paragraphs (a) to (d), inclusive; or
(f) Any other investment authorized by the will of the decedent.
Sec. 234. NRS 143.180 is hereby amended to read as follows:
143.180 1. Subject to such regulations as may be prescribed by the
Federal Housing Administrator,
authorized:
(a) To make] a personal representative may:
(a) Make such loans and advances of credit, and purchases of
obligations representing the loans and advances of credit, as are eligible for
insurance by the Federal Housing Administrator, and [to] obtain such
insurance.
(b) [To make] Make such loans secured by mortgage on real property as
are eligible for insurance by the Federal Housing Administrator, and [to]
obtain such insurance.
(c) [To purchase,] Purchase, invest in, and dispose of notes or bonds
secured by mortgage insured by the Federal Housing Administrator,
securities of national mortgage associations, and debentures issued by the
Federal Housing Administrator.
2. No law of this state prescribing the nature, amount or form of
security or requiring security upon which loans or advances of credit may
be made, or prescribing or limiting interest rates upon loans or advances of
credit, or prescribing or limiting the period for which loans or advances of
credit may be made, [shall apply] applies to loans, advances of credit or
purchases made pursuant to subsection 1.
3. All above-described loans, advances of credit, and purchases of
obligations [heretofore] made and insured pursuant to the terms of the
National Housing Act before October 1, 1999, are hereby validated and
confirmed.
Sec. 235. NRS 143.185 is hereby amended to read as follows:
143.185 [Executors and administrators] A personal representative may
purchase, invest in, and dispose of:
1. Farm loan bonds, consolidated farm loan bonds, debentures,
consolidated debentures and other obligations issued by federal land banks
and federal intermediate credit banks under the authority of the Federal
Farm Loan Act, formerly 12 U.S.C. §§ 636 to 1012, inclusive, and §§ 1021
to 1129, inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 [to
2259, inclusive, as now or hereafter] et seq., as amended; and
2. Bonds, debentures, consolidated debentures and other obligations
issued by banks for cooperatives under the authority of the Farm Credit Act
of 1933, formerly 12 U.S.C. §§ 1131 to 1138e, inclusive, and the Farm
Credit Act of 1971, 12 U.S.C. §§ 2001 [to 2259, inclusive, as now or
hereafter] et seq., as amended.
Sec. 236. NRS 143.187 is hereby amended to read as follows:
143.187 1. [An executor or administrator] A personal representative
holding certificates of stock in [such] that capacity may hold [such] the
stock in the name of a nominee without mention
certificate or registration books, if:
(a) The
representative
and all reports andrepresentative
renders clearly showregarding
(b) The nominee deposits with the
representative
a signed statement of the true interest of theadministrator.
2. An executor or administrator] personal representative.
2. A personal representative is personally liable for any loss to the
estate resulting from any act of the nominee in connection with stock so
held.
Sec. 237. NRS 143.190 is hereby amended to read as follows:
143.190 1. Before letters [testamentary, or letters of administration,
or letters of administration with the will annexed,] are delivered to [any
executor or administrator, he] a personal representative, the personal
representative shall file with the county clerk of the county in which the
administration of the estate is pending a written statement containing [his]
the name and [his] permanent address [, which] of the personal
representative. The permanent address may, from time to time, be changed
[
changed address.
contained in the last statement so filed by
representative.
2. The taking of his oath of office by
administrator, or by an administrator with the will annexed, representative
shall be deemed to be and is the equivalent of] a personal representative
constitutes an appointment [by him] of the county clerk of the county in
which the administration of the estate is pending to be [his] the true and
lawful attorney, upon whom all legal process in any action or proceeding
against the [executor or administrator] personal representative may be
served, with the same legal force and effect as if served upon [him] the
personal representative personally within the State of Nevada.
3. Service of process may be made by mailing by registered or certified
mail a copy of the process , [(] and if the process is a summons, there must
be attached thereto a copy of the complaint certified by the clerk or the
plaintiff's attorney , [)] directly to the [executor or administrator] personalrepresentative at the address contained in the statement filed [by him.] with
the clerk. This service is sufficient personal service upon the [executor or
administrator] personal representative if proof of [such] the service is filed
[
4. The court in which the action is pending may order such
continuances as may be necessary to afford the
representative
reasonable opportunity to defend the action.5. The foregoing method of service is cumulative, and does not prevent
the personal service of process upon the
representative
within the State of Nevada.Sec. 238. NRS 143.200 is hereby amended to read as follows:
143.200 No action to which
administrator with the will annexed] a personal representative is a party
[
removal of
but the person who is appointed, qualifies and is acting as
shall,] the successor must, upon motion, be substituted as a party to the
action.
Sec. 239. NRS 143.210 is hereby amended to read as follows:
143.210 In actions brought by or against [executors it shall not be]
personal representatives, it is not necessary to join those as parties who
have not qualified.
Sec. 240. NRS 144.010 is hereby amended to read as follows:
144.010
1. Everyshall make and
[
inventory and appraisement or record of value of all the estate of the
[
knowledge
2. The personal representative, within 10 days after filing the
inventory with the clerk, shall mail a copy to all the interested heirs of an
intestate estate, or to the devisees of a testate estate, or to both interested
heirs and devisees, if a contest of the will of the decedent is pending.
Proof of the mailing of the copies must be made and filed in the
proceeding.
Sec. 241.
NRS 144.020 is hereby amended to read as follows: 144.020 1. [The executor or administrator] A personal
representative may engage a qualified and disinterested appraiser to
ascertain the fair market value, as of the decedent's death, of any asset the
value of which is subject to reasonable doubt. Different persons may be
engaged to appraise different kinds of assets included in the estate.
2. Any such appraiser is entitled to a reasonable compensation for [his]
the
appraisal and may be paid the compensation by theadministrator] personal representative out of the estate at any time after
completion of the appraisal. 3. [Where] If there is no reasonable doubt as to the value of assets,
such as money, deposits in banks, bonds, policies of life insurance , or
securities for money or evidence of indebtedness, [when the same] and the
asset is equal in value to [money, the executor or administrator] cash, the
personal representative shall file a verified record of value in lieu of the
appraisement.
4. If it appears beyond reasonable doubt that there will be no need to
sell assets of the estate to pay the debts of the estate or expenses of
administration, or to divide assets for distribution in kind to the devisees
or heirs, the personal representative may petition the court for an order
allowing a verified record of value to be filed in lieu of the appraisement,
and the court may enter such an order with or without notice.
Sec. 242.
NRS 144.025 is hereby amended to read as follows: 144.025 1. [The executor or administrator] A personal
representative may engage a certified public accountant or other expert in
valuation to ascertain the fair market value, as of the date of the death of
the decedent, of the interest of the decedent in a corporation, partnership,
limited-liability company or other [association.] artificial person.
2.
entitled to a reasonable compensation for his services and may be paid the
compensation by the
out of the estate at any time after completion of the report of the valuation.
Sec. 243. NRS 144.030 is hereby amended to read as follows:
144.030 1. Before proceeding
an
appraiser, certified public accountant or expert in valuation shall certify[
value the property according to
knowledge and ability. The certification must be contained in the appraisal
or valuation or filed with the court.
2.
valuation,
shall then proceed to appraise the property of the estate. Eachitem with
separately with the value thereof in dollars and cents in figures opposite
[
3.
valuation who directly or indirectly purchases any property of an estate
,[
by the court, is guilty of a misdemeanor. A sale made in violation of the
provisions of this subsection is void.
Sec. 244. NRS 144.040 is hereby amended to read as follows:
144.040 1.
estate of the
the jurisdiction of the court.
2. The inventory
(a) All the estate of the
. (b) A statement of all
interests, bonds, mortgages, notes, and other securities for the payment of
money, belonging to the
debtor in each security, the date, the sum originally payable,
endorsements thereon, if any,] any endorsements with their dates, and the
sum which, in the judgment of the appraiser, may be collectible on each
debt, interest or security.
(c) Mortgages of any kind on the real and personal property of the
estate.
3. The inventory
(a) So far as can be ascertained, what portion of the estate is community
property and what portion is the separate property of the
decedent.
(b) An account of all
the possession of the personal representative.
Sec. 245.
NRS 144.050 is hereby amended to read as follows: 144.050 The naming of [any] a person as [executor] personal
representative in a will [shall] does not operate as a discharge of any just
[
person, but the debt or demand shall] from that person, but the receivable
or demand must be included in the inventory and the person named as
[
when the debt or demand] personal representative is liable for it when it
becomes due, unless it
had not,
[
such part
not arise from any fraud committed by
but any commissions allowed
the
Sec. 246.
NRS 144.060 is hereby amended to read as follows: 144.060 The discharge or [bequest in a will of any debt] devise in a
will of a receivable or demand [of] due the testator [against] from any
person named as [executor in his] personal representative in the will, or
[
creditors of the
specific bequest only of
[
be applied in payment of
not necessary for that purpose, it
manner as other specific
Sec. 247.
NRS 144.070 is hereby amended to read as follows: 144.070 [The executor or administrator] A personal representative
shall take and subscribe an oath, before any person authorized to administer
oaths, that the inventory contains a true statement of all the estate of the[deceased] decedent which has come [to his] into the possession or of
which [he] the personal representative has knowledge, and particularly of
all money belonging to the [deceased,] decedent, and of all just claims of
the [deceased] decedent, against the [executor or administrator.] personal
representative. The oath must be endorsed upon or annexed to the
inventory.
Sec. 248. NRS 144.080 is hereby amended to read as follows:
144.080 If [an executor or administrator shall neglect or refuse to
return] a personal representative neglects or refuses to file the inventory
within the time prescribed [or such further time as the court or judge, for
good cause, allow,] by law or extended by the court, the court may, upon
such notice as it [may prescribe,] deems appropriate, revoke the letters
[
shall be] of the personal representative, and the personal representative is
liable on his bond for any injuries sustained by the estate through his
neglect.
Sec. 249. NRS 144.090 is hereby amended to read as follows:
144.090 1.
clerk comes into
the possession or knowledge of theadministrator, he shall return] personal representative, the personal
representative shall file a supplementary inventory of [such] that property
within 20 days after [the discovery thereof,] its discovery, in the same
manner as an original inventory.
2. The court may enforce the [making] filing of a supplementary
inventory as [an original.] provided in NRS 144.080.
Sec. 250. Chapter 145 of NRS is hereby amended by adding thereto
the provisions set forth as sections 251 and 252 of this act.
Sec. 251.
If at any time after the entry of an order for the summaryadministration of an estate it appears that the gross value of the estate
exceeds $200,000 as of the death of the decedent, the personal
representative shall petition the court for an order revoking summary
administration. The court may, if deemed advisable considering the
nature, character and obligations of the estate, provide in its order
revoking summary administration that regular administration of the
estate may proceed unabated upon providing such portions of the regular
proceedings and notices as were dispensed with by the order for summary
administration.
Sec. 252.
1. Upon the filing of a final account and petition fordistribution of an estate for which summary administration was ordered,
the notice of hearing, the account and petition, together with notice of
the amount agreed or requested as attorney's fees, must be given to the
persons entitled thereto.
2. The petitioner shall give notice of hearing for the period and in
the manner provided in NRS 155.010.
Sec. 253.
NRS 145.020 is hereby amended to read as follows:145.020 All proceedings taken under this chapter, whether or not the
decedent left a will, must be originated by a [verified] petition for letters
testamentary or letters of administration containing:
1. Jurisdictional information;
2. A description of the property of the decedent, including [, without
limitation,] the character and estimated value of the property; [and
3. A list of each heir, next of kin, legatee and devisee of the decedent.
This list must include, without limitation, the name, age, address and
relationship to the decedent of any such person.]
3. The names and residences of the heirs and devisees of the
decedent and the age of any who is a minor and the relationship of each
heir and devisee to the decedent, so far as known to the petitioner; and
4. A statement that the person to be appointed as personal
representative has never been convicted of a felony.
Sec. 254. NRS 145.030 is hereby amended to read as follows:
145.030 Notice of a petition for the probate of a will and the issuance
of letters
provided in NRS 155.010
.administrator of the welfare division of the department of human resources
must be given as provided in NRS 155.020.]
Sec. 255. NRS 145.040 is hereby amended to read as follows:
145.040
of the estate does not exceed $200,000, the court may, if deemed advisable
considering the nature
,the obligations thereof, make] , enter an order for a summary
administration of the estate.
Sec. 256. NRS 145.050 is hereby amended to read as follows:
145.050 The order for a summary administration of the estate must:
1. Dispense with all regular proceedings and further notices, except for
the [notice] notices required by NRS 145.030 [and notice of application for
attorney's fees;] , 145.070, 147.010 and section 252 of this act; and
2. Provide that an inventory and appraisement or record of value be
[made and returned to the court.] filed with the clerk.
Sec. 257. NRS 145.060 is hereby amended to read as follows:
145.060 1. Creditors of the estate must file their claims, due or to
become due, with the clerk, within 60 days after the mailing
creditors
for those required to be mailed, or 60 days after the firstpublication of the notice to creditors pursuant to NRS 155.020, and within
10 days thereafter the
filed and present them in 3 days thereafter to the judge for his action.]
personal representative shall allow or reject the claims filed.
2. Any claim which is not filed within the 60 days is barred forever,
except that if it is made to appear, by the affidavit of the claimant or by
other proof to the satisfaction of the court, that the claimant did not havenotice as provided in NRS 155.020, the claim may be filed at any time
before the filing of the final account.
3. Every claim which is filed as provided in this section
by the
representative,
must then, and not until then, be ranked as anacknowledged debt of the estate and be paid in the course of
administration, except that payment of small debts in advance may be made
pursuant to subsection 3 of NRS 150.230.
4. If a claim filed by the welfare division of the department of human
resources is rejected by the
representative,
the state welfare administratorrepresentative] may, within 20 days after receipt of the written notice of
rejection, petition the [district judge] court for summary determination of
the claim. A petition for summary determination must be filed with the
clerk , [of the court,] who shall set the petition for hearing, and the
petitioner shall give notice [must be given] for the period and in the
manner required by NRS 155.010. Allowance of the claim by the [judge]
court
is sufficient evidence of its correctness , and it must be paid as ifpreviously allowed by the
representative.
Sec. 258.
NRS 145.070 is hereby amended to read as follows: 145.070 All sales of real property, [where] if summary administration
is ordered, [shall] must be made upon notice given and in the manner
required by [this Title for sales of real property.] chapter 148 of NRS.
Sec. 259. NRS 145.080 is hereby amended to read as follows:
145.080
distribution made at any time after the expiration of the time for the
personal representative
to act on the claims,appears
to the court that all the debts of the estate, expenses and charges ofadministration and allowances to the family, if any, have been paid, and the
estate is in condition to be finally settled.
appointment and, where applicable, for sales, as provided in NRS 145.070,
have been given before decreeing distribution of the estate and discharging
the executor or administrator.]
Sec. 260. Chapter 146 of NRS is hereby amended by adding thereto a
new section to read as follows:
If an order is entered setting apart a homestead, a certified copy of the
order must be recorded in the office of the county recorder of the county
in which the property is located.
Sec. 261. NRS 146.005 is hereby amended to read as follows:
146.005 The provisions of this chapter are inapplicable to the extent
that they are inconsistent with the provisions of a premarital agreement
between the
enforceable pursuant to chapter 123A of NRS.
Sec. 262. NRS 146.010 is hereby amended to read as follows:
146.010 Except as provided in NRS 125.510,
dies leaving a surviving spouse or a minor child or
minor children, thesurviving spouse,
minor child or minor children are entitled to remain inpossession of the homestead and of all the wearing apparel and provisions
[
furniture, and are also entitled to a reasonable provision for their support,
to be allowed by the court.
Sec. 263. NRS 146.020 is hereby amended to read as follows:
146.020 Upon the
thereafter during the administration
or on application,] of the estate, the court, on its own motion or upon
petition by an interested person, shall set apart for the use of the family of
the [deceased] decedent all of the personal property which is exempt by
law from execution, and shall set apart the homestead, as designated by the
general homestead law then in force, whether [such] the homestead has
theretofore previously been selected as required by law, or not, and the
property thus set apart [shall not be] is not subject to administration.
Sec. 264. NRS 146.030 is hereby amended to read as follows:
146.030 1. If the whole property exempt by law is set apart and is not
sufficient for the support of the surviving spouse, minor child or minor
children, the court shall make such reasonable allowance out of the estate
as is necessary for the maintenance of the family according to their
circumstances during the progress of the
estate, which, in case of an insolvent estate,
1 year after granting letters of administration.
2. If the surviving spouse or any minor child has a reasonable
maintenance derived from other property, and there are other persons
entitled to a family allowance, the allowance
to those who
do not havemay be apportioned in such manner as may be just.
Sec. 265. NRS 146.040 is hereby amended to read as follows:
146.040
accordance with the provisions of this chapter
[
other charges, except funeral charges, expenses of last illness and expenses
of administration. This may, in the discretion of the court
granting it, take effect from the death of the decedent.
Sec. 266. NRS 146.050 is hereby amended to read as follows:
146.050 1. If the homestead was selected by
spouses,
or either of them, during theirwhile both were living, as provided in chapter 115 of NRS, it vests, on the
death of either spouse, absolutely in the survivor, unless vesting is
otherwise required pursuant to subsection 2 of NRS 115.060.
2. If no homestead was
so selected,apart by the court
considering the needs and resources of the family and the nature,
character and obligations of the estate. The duration of the homestead
must be designated in the order setting it apart and may not extend
beyond the lifetime of the surviving spouse or the minority of any child of
the decedent, whichever is longer. A homestead so set apart then
vests,subject to
(a) If set apart from
heirs or devisees of the decedent.
(b) If set apart from community property, one-half in the surviving
spouse
[
3.
time, such period must be designated in the order and must not extend
beyond the lifetime of the surviving spouse or the minority of any child or
children of the decedent, whichever is longer.
4.] In either case referred to in subsection 1 or 2, the homestead is not
subject to the payment of any debt or liability existing against the spouses,
or either of them, at the time of death of either, [except it be secured by
lawful liens thereon.] unless the debt or liability is secured by a mortgage
or lien.
Sec. 267. NRS 146.070 is hereby amended to read as follows:
146.070 1.
value of which
, after deducting any encumbrances , does not exceed$50,000, and there is a surviving spouse or minor child or minor children of
the
whole
just, must be, by an order for that purpose, assigned and set apart for the
support of the surviving spouse or minor
child or minor children, or for thesupport of the minor child or minor children, if there is no surviving
spouse. Even
directing such payments, set aside the whole of the estate to the minor child
or minor children, if it is in their best interests.
2.
deducting any encumbrances, does not exceed $50,000, upon good cause
shown
[
assigned and set apart
First:] in the following order:
(a) To the payment of funeral expenses, expenses of last illness, money
owed to the department of human resources as a result of payment of
benefits for Medicaid [,] and creditors, if there are any; and
[Second:]
(b) Any balance remaining to the claimant or claimants entitled thereto
pursuant to
pursuant to intestate succession.
3.
not the decedent left a
valid will, must not begin until at least 30 days afterthe death of the decedent and must be originated by a
containing:
(a) A specific description of all
(b) A list of all the liens and
date of
(c) An estimate of the value of the property.
(d) A statement of the debts of the decedent so far as known to the
petitioner.
(e) The names
and legatees.
The petition may include a prayer that if the court finds the gross value of
the estate, less encumbrances, does not exceed $50,000, the estate be set
aside as provided in this section.] heirs and devisees of the decedent and
the age of any who is a minor and the relationship of the heirs and
devisees to the decedent, so far as known to the petitioner.
4. The
clerk shall set the petition for hearing and the petitioner shallgive notice of the petition and hearing in the manner provided in NRS
155.010 to the decedent's heirs
to the state welfare administrator. If a complete copy of the petition is not
enclosed with the notice, the notice must include a statement setting forth to
whom the estate is being set aside.
5. No court or clerk's fees may be charged for the filing of any petition
in, or order of court thereon, or for any certified copy of the petition or
order in an estate not exceeding $2,500 in value.
6. If the court finds that the gross value of the estate, less
encumbrances, does not exceed the sum of $50,000, the court may direct
that the estate be distributed to the father or mother of
[
under chapter 167 of NRS,
or may require that a general guardian beappointed and that the estate be distributed to the guardian, with or without
bond
, as in the discretion of the courtinterests of the minor. The court may direct the manner in which the money
may be used for the benefit of the minor.
Sec. 268. NRS 146.080 is hereby amended to read as follows:
146.080 1.
therein
, nor mortgage or lien thereon, in this state, and the gross value ofthe decedent's property in this state, over and above any amounts due to the
decedent for services in the Armed Forces of the United States, does not
exceed $20,000, a person who has a right to succeed to the property of the
decedent
testament of the decedent] under the laws of succession for a decedentwho died intestate or under the valid will of a decedent who died testate,
on behalf of all persons entitled to succeed to the property claimed, or the
state welfare administrator or public administrator on behalf of the state
or others entitled to the property, may, 40 days after the death of the
decedent, without procuring letters of administration or awaiting the
probate of the will, collect any money due the decedent, receive the
property of the decedent, and have any evidences of interest, indebtedness
or right transferred to [him] the claimant upon furnishing the person,
representative, corporation, officer or body owing the money, having
custody of the property or acting as registrar or transfer agent of the
evidences of interest, indebtedness or right, with an affidavit showing the
right of the affiant or affiants to receive the money or property or to have
the evidence transferred.
2. An affidavit made pursuant to this section must state:
(a) The affiant's name and address, and that the affiant is entitled by law
to succeed to the property claimed;
(b) That the decedent was a resident of Nevada at the time of [his]
death;
(c) That the gross value of the decedent's property in this state, except
amounts due to the decedent for services in the Armed Forces of the United
States, does not exceed $20,000, and that the property does not include any
real property nor interest therein
, nor mortgage or lien thereon;(d) That at least 40 days have elapsed since the death of the decedent;
(e) That no
representative is pending or has been granted in any jurisdiction;
(f) That all debts of the decedent, including funeral and burial expenses
,and money owed to the department of human resources as a result of the
payment of benefits for Medicaid, have been paid or provided for;
(g) A description of the personal property and the portion claimed;
(h) That the affiant has given written notice, by personal service or by
certified mail, identifying
property claimed, to every person whose right to succeed to the decedent's
property is equal or superior to that of the affiant, and that at least 14 days
have elapsed since the notice was served or mailed;
(i) That the affiant is personally entitled, or the department of human
resources is entitled, to full payment or delivery of the property claimed or
is entitled to payment or delivery on behalf of and with the written authority
of all other successors who have an interest in the property; and
(j) That the affiant acknowledges
understanding
that filing a false affidavit constitutes a felony in this state.3. If the affiant:
(a) Submits an affidavit which does not meet the requirements of
subsection 2 or which contains statements which are not entirely true, any
money or property
decedent. (b) Fails to give notice to other successors as required by subsection 2,
any money or property
in trust for all other successors who have an interest in the property.
4. A person who receives an affidavit containing the information
required by subsection 2 is entitled to rely upon
and if
civil liability for actions based on that reliance.
5. Upon receiving proof of the death of the decedent and an affidavit
containing the information required by this section:
(a) A transfer agent of any security shall change the registered
ownership of the security claimed from the decedent to the person claiming
to succeed to ownership of that security.
(b) A governmental agency required to issue certificates of ownership or
registration to personal property shall issue a new certificate of ownership
or registration to the person claiming to succeed to ownership of the
property.
6. If any property of the estate not exceeding $20,000 is located in a
state which requires an order of a court for the transfer of the property, or if
[
agent outside this state, any person qualified under the provisions of
subsection 1 to have the stocks or bonds or other property transferred
him] may do so by obtaining a court order directing the transfer. The
person desiring the transfer must file a [verified petition in a court of
competent jurisdiction] petition, which may be ex parte, containing:
(a) A specific description of all [of] the property of the decedent.
(b) A list of all the liens and [encumbrances] mortgages of record at the
date of the decedent's death.
(c) An estimate of the value of the property of the decedent.
(d) The names, ages of any minors, and residences of the decedent's
heirs and [legatees.] devisees.
(e) A
directing the transfer of the stocks or bonds or other property if the court
finds the gross value of the estate does not exceed $20,000.
(f) An attached copy of the executed affidavit made pursuant to
subsection 2.
If the court finds that the gross value of the estate does not exceed $20,000
and the person requesting the transfer is entitled to it, the court may
enter
an order directing the transfer.Sec. 269. NRS 147.010 is hereby amended to read as follows:
147.010
shall publish and mail notice to creditors in the manner provided in NRS
155.020.
Sec. 270. NRS 147.020 is hereby amended to read as follows:
147.020 If
dies, resigns or is removed after the expiration of the time for the
publication or mailing of notice to creditors,
give any further notice to creditors.
Sec. 271. NRS 147.030 is hereby amended to read as follows:
147.030 After the notice to creditors has been mailed or published, a
copy
,with
court.]
Sec. 272. NRS 147.040 is hereby amended to read as follows:
147.040 1.
due or to become due, against the
claims] his claim with the clerk [of the court] within 90 days after the
mailing [,] for those required to be mailed, or 90 days after the first
publication of the notice to creditors pursuant to NRS 155.020.
2. A creditor who receives a notice to creditors by mail pursuant to
subsection 5 of NRS 155.020 must file a claim with the clerk within 30
days after the mailing or 90 days after the first publication of notice to
creditors pursuant to NRS 155.020, whichever is sooner.
3. If a claim is not filed with the clerk within [90 days after the first
publication or mailing of the notice,] the time allowed by subsection 1 or
2, the claim is forever barred, but [when] if it is made to appear, by the
affidavit of the claimant or by other proof to the satisfaction of the court,
that the claimant did not have notice as provided in NRS 155.020 [,] or
actual notice of the administration of the estate, the claim may be filed at
any time before the filing of the final account.
4. The period of 90 days prescribed by this section is reduced to 60
days if summary administration is granted under chapter 145 of NRS.
Sec. 273.
NRS 147.050 is hereby amended to read as follows: 147.050 1. If [the executor or administrator] a personal
representative is a creditor of the decedent [he shall file his] , the claim
must be filed
with the clerk , who must present it for allowance or rejectionto the
evidence of its correctness, and it must be paid as other claims in due
course of administration.
2. If the
against the executor or administrator as such by the claimant,] brought by
the personal representative as claimant against the estate, and summons
must be served upon the [judge, who] court, which shall appoint an
attorney, at the expense of the estate, to defend the action. If the claimant
fails to recover , he must pay all costs, including [defendant's] reasonable
attorney's fees [,] for the estate, to be fixed by the court.
Sec. 274. NRS 147.060 is hereby amended to read as follows:
147.060 1. If a judge of the district court files or presents a claim
against [any] the estate of a [deceased person,] decedent, the administrationof which is pending before [him, such] that judge , the judge must
designate, in writing, some other district judge [of the district court of the
State of Nevada,] who, upon presentation of the claim [to him, shall be] , is
vested with power to approve or reject it.
2. In case of its rejection by the
designated judge, the claimant has the same right to
for its recovery as other persons whose claims are rejected.
Sec. 275. NRS 147.070 is hereby amended to read as follows:
147.070 1.
the clerk must be supported by the affidavit of the claimant that:
(a) The amount is justly due (or if the claim is not yet due, that the
amount is a just demand and will be due on the ..... day of ........).
(b) No payments have been made thereon which are not credited.
(c) There are no offsets to the amount demanded to the knowledge of the
claimant or other affiant.
2. Every claim filed with the clerk must contain the mailing address of
the claimant. Any written notice mailed by
personal representative
to the claimant at the address furnished is propernotice.
3. When the affidavit is made by any other person than the claimant,
the reasons why it is not made by the claimant must be set forth in the
affidavit.
4. The oath may be taken before any person authorized to administer
oaths.
5. The amount of interest must be computed and included in the
statement of the claim and the rate of interest determined.
6. Except as otherwise provided in subsection 7, the court may,
discretion,] for good cause shown, allow a defective claim or affidavit to be
corrected or amended on application made at any time before the filing of
the final account [.] , but an amendment may not be made to increase the
amount of a claim after the time for filing a claim has expired.
7. The court shall allow the welfare division of the department of
human resources to amend at any time before the filing of the final account
a claim for the payment of benefits for Medicaid that the division identifies
after the original claim has been filed.
Sec. 276. NRS 147.080 is hereby amended to read as follows:
147.080 1. If
note or other instrument, the original instrument need not be filed, but a
copy, with all endorsements,
claim and filed therewith.
2. If
other evidence of lien, it, or] or lien, a certified copy [from a record, shall]
of the mortgage or lien must
be attached to the claim and filedwith the clerk.
Sec. 277.
NRS 147.090 is hereby amended to read as follows: 147.090 [1. No statute of limitations running on a cause of action
belonging to a decedent which had not been barred as of the date of his
death bars a cause of action surviving the death of the decedent sooner than
4 months after the death. A cause of action which, but for this section,
would have been barred less than 4 months after death, is barred after 4
months, unless tolled.
2.] A claim which is barred by the statute of limitations must not be
allowed or approved by [the executor or administrator, or by the judge.
When a claim is presented to a judge for his allowance or approval, he may,
in his discretion, examine the claimant and others on oath and hear any
legal evidence touching the validity of the claim.] a personal
representative or by the court. No claim [,] which has been [allowed,]
timely filed
is affected by the statute of limitations, pending theadministration of the estate.
Sec. 278. NRS 147.100 is hereby amended to read as follows:
147.100
1. Except as otherwise ordered by the court for good cause shown, an
action or proceeding
pending againstof his
clerk, and no recovery shall be held in the action unless proof be made of
such filing.] death may not be continued against the decedent's personal
representative unless:
(a) A claim is first filed as provided in this chapter;
(b) The claim is rejected in whole or in part; and
(c) Within 60 days after notice of rejection is given, the claimant who
is the plaintiff applies to the court in which the action or proceeding is
pending for an order substituting the personal representative in the
action or proceeding. This requirement applies only if the notice of
rejection contains a statement that the claimant has 60 days within which
to apply for an order of substitution.
2. No recovery may be allowed in an action against property in the
estate of a decedent unless proof is made of compliance with this section.
Sec. 279. NRS 147.110 is hereby amended to read as follows:
147.110 1. Within 15 days after the time for filing claims has
expired, as provided in this chapter, the
personal representative
shall examine all claims filed and shall eitherendorse on each claim
year thereof, or shall file a notice of allowance or rejection with the date
and the year thereof, and
must
be attached to the claim allowed or rejected2. Within 5 days after the 15 days specified in subsection 1, the
executor or administrator shall present all claims allowed by him to the
district judge for his approval or rejection.
3. If an executor or administrator refuses or neglects] and filed with
the clerk. 2. If a personal representative refuses or neglects to endorse on a
claim [his] an allowance or rejection within 15 days, as specified in this
section, or does not file a notice of allowance or rejection, the claim shall
be deemed rejected, but the [executor or administrator] personal
representative may, nevertheless, allow the claim at any time before the
filing of the final account.
[4.] 3. If a claim is deemed rejected pursuant to subsection [3, the
executor or administrator] 2, the personal representative must, not more
than 10 days after the rejection, provide written notice of the rejection by
registered mail to all affected creditors.
4. A personal representative need not allow or reject a claim that was
not timely filed unless the court otherwise orders.
Sec. 280. NRS 147.120 is hereby amended to read as follows:
147.120 All claims
representative or the court must
be ranked among the acknowledged debtsof the estate, to be paid in due course of administration.
Sec. 281. NRS 147.130 is hereby amended to read as follows:
147.130 1.
administrator or the district judge,] personal representative or the court, in
whole or in part, the [holder] claimant must be immediately notified by the
[
the claimant
must bring suit in the proper court against theadministrator] personal representative within 60 days after the notice [,] or
file a timely petition for summary determination pursuant to subsection 2,
whether the claim is due or not, or the claim is forever barred. [If the holder
of a claim resides out of the county, he may] A claimant must be informed
of the rejection of [his] the claim by written notice forwarded to [his post
office] the claimant's mailing address by registered or certified mail.
2. If a claim filed by the welfare division of the department of human
resources is rejected by the [executor or administrator,] personal
representative, the state welfare administrator [or his designated
representative] may, within 20 days after receipt of the written notice of
rejection, petition the [district judge] court for summary determination of
the claim. A petition for summary determination must be filed with the
clerk , [of the court,] who shall set the petition for hearing, and notice must
be given for the period and in the manner required by NRS 155.010.
Allowance of the claim by the [judge] court is sufficient evidence of its
correctness , and it must be paid as if previously allowed by the [executor
or administrator.] personal representative.
3. In any
part by the
personal representative, if he
resides out of the statefrom the state, or cannot, after due diligence, be found within the state, or
conceals himself to avoid the service of summons, the summons, together
with a copy of the complaint, must be mailed directly to the last address
given by
of the county] clerk where the administration of the estate is pending. This
service is the equivalent of personal service upon the [executor or
administrator, but the defendant] personal representative, but he has 30
days from the date of [such] service within which to answer.
4. If the [defendant] personal representative defaults after such
service, the default is sufficient grounds for his removal as [executor or
administrator] personal representative by the court without notice. Upon
petition and notice, in the manner provided for an application for letters of
administration, an administrator or an administrator with the will annexed
must be appointed by the court and, upon his qualification as such, letters
of administration or letters of administration with the will annexed must be
issued.
Sec. 282. NRS 147.140 is hereby amended to read as follows:
147.140 The time during which there [shall be] is a vacancy in the
administration [shall] must not be included in any limitations prescribed in
this [Title.] chapter, except as otherwise provided in NRS 147.020.
Sec. 283. NRS 147.150 is hereby amended to read as follows:
147.150 No holder of a claim against an estate
action thereon unless the claim is first filed with the clerk
is rejected in whole or in part,
except in the following case: An action maybe brought by the holder of a mortgage
mortgage
against the property of the estate subject theretorecourse against any other property of the estate is expressly waived in the
complaint.
Sec. 284. NRS 147.160 is hereby amended to read as follows:
147.160 1.
judge shall act upon any claim that may be filed, he] A personal
representative who, or a court which, acts upon a filed claim shall
endorse on the claim the amount [he is willing to allow.
2. Should] offered to be allowed.
2. If the creditor [refuse] refuses to accept the amount offered to be
allowed in satisfaction of [his claim, he] the claim, the creditor shall
recover no costs in any action [which he may bring] brought on the claim
against the [executor or administrator] personal representative unless he
[
Sec. 285. NRS 147.170 is hereby amended to read as follows:
147.170 1. If the
doubts the correctness of any claim filed
representative
may enter into an agreement in writing with the claimant torefer the matter in controversy to some disinterested person,
as a master, tobe approved by the court
and approval
The court shall
enter an order referring the matter in controversy to theperson so selected
made to] the matter may be heard by the court. 2. The master must hear and determine the matter and make [his report
thereon] a report to the court.
3. The same proceedings [shall] must be had in all respects , and the
master [shall have] has the same powers, [be] is entitled to the same
compensation and is subject to the same control as in other cases of
reference.
4. The court may remove the master, appoint another , [in his place,]
set aside or confirm
[
of the court thereon
the
commenced by ordinary process
.confirmed, merely establishes or rejects the claim, the same as if it had
been allowed or rejected by the executor or administrator or judge.]
Sec. 286. NRS 147.180 is hereby amended to read as follows:
147.180 1. After the time for the presentation of claims has expired,
the
of the court, may compromise any claim against the estate or any
action
brought against therepresentative
as such by the transfer of specific assets of the estate orotherwise.
2. To obtain such approval, the
representative
shall file aadvantage of the compromise.
3. The clerk shall set the petition for hearing
the personal representative shall give
notice thereofthe period and in the manner required by NRS 155.010.
4. If, under this section, the court authorizes the transfer of real
property of the estate, conveyances
[
provided in NRS 148.280, and
force and effect as conveyances executed pursuant to that section.
5. A certified copy of the order authorizing the transfer must be
recorded in the office of the recorder of the county in which the real
property, or any portion thereof,
Sec. 287.
NRS 147.190 is hereby amended to read as follows: 147.190 [When] If a judgment [has been] is recovered with costs
against [any executor or administrator, the executor or administrator shall
be personally liable for the costs, but they shall] a personal representative,
the costs must be allowed [him in his administration accounts, unless it
shall appear] to the personal representative from the accounts of the
administration, unless it appears that the [suit] action or proceeding in
which the costs were taxed [shall have been] was prosecuted or resisted by
the personal representative without cause.
Sec. 288. NRS 147.200 is hereby amended to read as follows:
147.200 1. The effect of [any] a judgment rendered against [any
executor or administrator upon any claim] a personal representative upon
a claim for money against the estate of [his testator or intestate shall only
be] the decedent is only to establish the claim in the same manner as if it
had been allowed by the [executor or administrator and the district judge,]
personal representative,
and the judgment[
administration, the amount ascertained to be due.
2. A certified copy of the judgment
proceedings.
3. No execution
it create any lien upon the property of the estate, nor give the judgment
creditor any priority of payment.
4. This section does not apply to a judgment of foreclosure of a
mortgage.
Sec. 289.
NRS 147.210 is hereby amended to read as follows: 147.210 1. [When any] If a judgment has been [rendered] entered
against the
execution
but a certified copy of the judgment
statement of claim filed with the clerk and
other claim.
2. If an execution has been
may be sold for the satisfaction
making the sale shall account to the
representative
for any surplus in his hands.3. The lien of an attachment may be converted into the lien of a
judgment on property in the estate subject to the lien of the attachment,
with the same priority:
(a) If the judgment debtor dies after entry of judgment; or
(b) If judgment is entered after the death of the defendant,
in the action in which the property was attached.
Sec. 290.
NRS 147.220 is hereby amended to read as follows:147.220 All claims paid bear interest from date of filing at a rate equal
to the prime rate at the largest bank in Nevada, as ascertained by the
commissioner of financial institutions, on January 1 or July 1, as the case
may be, immediately preceding the date of filing, plus 2 percent, unless a
different rate is applicable by contract or otherwise. The rate of interest
must be adjusted accordingly on each January 1 and July 1 thereafter until
the amount of the [lien] claim is paid.
Sec. 291. NRS 147.230 is hereby amended to read as follows:
147.230 No [executor or administrator shall be] personal
representative is chargeable upon any special promise to [answer] assume
liability for damages or to pay the debts of the [deceased out of his ownestate,] decedent from his own assets, unless the agreement for that
purpose, or some memorandum or note thereof, is in writing and signed by
[
other person by him thereunto specially authorized.
Sec. 292. Chapter 148 of NRS is hereby amended by adding thereto
the provisions set forth as sections 293 to 297, inclusive, of this act.
Sec. 293.
If a person who is bound by contract in writing to conveyor transfer property dies before making the conveyance or transfer, and
the decedent, if living, could have been compelled to make the
conveyance or transfer,
the court in which proceedings are pending forthe administration of the estate of the decedent may enter an order
directing the personal representative to convey or transfer the property to
the persons entitled thereto.
Sec. 294.
1. The personal representative, or the person claiming tobe entitled to the conveyance or transfer, may file with the clerk a petition
setting forth the facts upon which the claim is predicated.
2. The clerk shall set the petition for hearing, and the petitioner shall
give notice for the period and in the manner required by NRS 155.010.
Sec. 295.
1. At the time appointed, the court, upon proof that duenotice of the hearing has been given, shall hear the petition and any
objection that has filed or is presented.
2. If the court is satisfied that the conveyance or transfer should be
made, it shall enter an order directing the personal representative to
execute the conveyance or transfer to the person entitled thereto.
3. If the transaction relates to real property, a certified copy of the
order must be recorded with the deed in the office of the county recorder
of the county in which the real property is located.
Sec. 296.
1. The order is prima facie evidence of the correctness ofthe proceedings and of the authority of the personal representative to
make the conveyance or transfer, and after its entry, the person entitled
to the conveyance or transfer has a right to the possession of the property
contracted for, and to hold the property according to the terms of the
intended conveyance or transfer, in like manner as if it had been
conveyed or transferred to the order.
2. The personal representative shall execute the conveyance or
transfer according to the directions of the order, and the court may
enforce its execution by process. The conveyance or transfer passes title
to the property contracted for as fully as if the contracting party had
executed it while living.
Sec. 297.
If it appears advantageous to the estate to exchange anyproperty of the estate for other property, the court may authorize the
exchange, upon petition of the personal representative or of an interested
person. The clerk shall set the petition for hearing, and the petitioner
shall give notice of the hearing for the period and in the manner required
by NRS 155.010.
Sec. 298.
NRS 148.050 is hereby amended to read as follows: 148.050 In selling property to pay debts, [legacies,] devises, family
allowance or expenses, there [shall be] is no priority between personal and
real property. When a sale of property of the estate is necessary for any
such purpose, or when it is for the advantage, benefit and best interests of
the estate and [those interested therein] any interested persons that any
property of the estate be sold, the [executor or administrator] personal
representative may sell the [same,] property, either at public auction or
private sale, using his discretion as to which property to sell first, except as
otherwise
provided384 of this act.
Sec. 299.
NRS 148.060 is hereby amended to read as follows: 148.060 1. Except as otherwise provided [by] in NRS 148.170 and
148.180 [,] and in summary administration under chapter 145 of NRS,
all sales of property must be reported to the court and confirmed by the
court before the title to the property passes. [The report must be verified.]
The report and a petition for confirmation of the sale must be made within
30 days after each sale.
2. The clerk shall set the petition for hearing by the court , and the
petitioner shall give notice thereof for the period and in the manner
required by NRS 155.010, or for such a period and in such manner as may
be ordered by the court.
Sec. 300. NRS 148.070 is hereby amended to read as follows:
148.070 [Any person interested in the estate] An interested person
may file written objections to the confirmation of the sale and may be heard
thereon, and may produce witnesses in support of [his] the objections.
Before an order is made confirming a sale , it must be proved to the
satisfaction of the court that notice of the sale was given as prescribed by
this [Title,] chapter, and the order of confirmation must show that such
proof was made.
Sec. 301. NRS 148.080 is hereby amended to read as follows:
148.080 [When] If property is directed by the will to be sold, or
authority is given in the will to sell the property, the [executor] personal
representative may sell [the same] it either at public auction or private sale,
and with or without notice, as [he] the personal representative may
determine, but [he] the personal representative must make a return of sales
and obtain confirmation [thereof] as in other cases. In either case , no title
passes unless the sale is confirmed by the court , [;] but the necessity of the
sale, or its advantage or benefit to the estate or [those interested therein]
interested persons
need not be shown. If directions are given in the will asto the mode of selling, or the particular property to be sold,
directions must be observed.
Sec. 302. NRS 148.090 is hereby amended to read as follows:
148.090 If the
neglects or refuses to sell any property of the estate when it is necessary or
when it is for the advantage, benefit and best interests of the estate and
personal representative
is directed by the will to sell theperson] property, an interested person may petition the court for an order
requiring the [executor or administrator] personal representative to sell.
The clerk shall set the petition for hearing by the court, and the petitioner
shall give notice [thereof must be given to the executor or administrator] to
the personal representative by citation served at least 5 days before the
hearing.
Sec. 303. NRS 148.100 is hereby amended to read as follows:
148.100 If there is [any] neglect or misconduct in the proceedings of
the [executor or administrator] personal representative in relation to any
sale by which [any person interested in the estate] an interested person
suffers damage, the person aggrieved may recover
an action upon the bond of the
representative
or otherwise.Sec. 304. NRS 148.110 is hereby amended to read as follows:
148.110 1. The
may enter into a written contract with any bona fide agent, broker , or
multiple group of agents or brokers to secure a purchaser for any real
property of the estate, and by that contract
, thepersonal representative
may grant an exclusive right to sell and shallprovide for the payment to the agent, broker
, or multiple group of agentsor brokers, out of the proceeds of a sale to any purchaser secured pursuant
to the contract, of a commission, the amount of which must be fixed and
allowed by the court upon confirmation of the sale.
confirmed to the purchaser
, the contract is binding and valid as against theestate for the amount so allowed by the court.
2. By the execution of any such contract no personal liability
to the executor or administrator,] is incurred by the personal
representative, and no liability of any kind is incurred by the estate unless
[
3. The commission must not exceed:
(a) Ten percent for unimproved real property.
(b) Seven percent for improved real property.
Sec. 305. NRS 148.120 is hereby amended to read as follows:
148.120 When an offer is presented for confirmation by the court,
other offerors may submit higher bids and the court may confirm the
highest bid. Upon confirmation, the real estate commission
divided between the listing agent and the agent, if any, who procured the
purchaser to whom the sale was confirmed, in accordance with the listing
agreement.
Sec. 306. NRS 148.130 is hereby amended to read as follows:
148.130 1.
is subject to a mortgage
against the estate, the purchase money must be applied
, after paying thenecessary expenses of the sale
trust,] or other lien [, and the] ; and
(b) The residue, if any, in due course of administration.
2. The application of the purchase money to the satisfaction of the
mortgage [, deed of trust,] or other lien must be made without delay, and
the property is subject to [such mortgage, deed of trust,] the mortgage or
other lien until the purchase money has been [actually] so applied.
Sec. 307. NRS 148.140 is hereby amended to read as follows:
148.140 The purchase money, or so much thereof as [may be] is
sufficient to pay [such mortgage, deed of trust,] the mortgage or other lien,
with interest, and any lawful costs and charges thereon, may be paid to the
clerk [of the court,] if the mortgagee or other lienholder cannot be found,
whereupon the mortgage
[
clerk
in satisfaction of the obligation
[
returned to
for good cause shown, after notice to the executor or administrator, the
court otherwise directs.
Sec. 308. NRS 148.150 is hereby amended to read as follows:
148.150 At
is a mortgage
purchaser, and
the proceeds of the sale is a payment pro tanto.
Sec. 309. NRS 148.160 is hereby amended to read as follows:
148.160 1.
personal representative may
sell the equity of the estate in any propertywhich is subject to
the
secured,] mortgage or lien, upon such proceedings as are [herein]
prescribed in this chapter for the sale of like property.
2. [In the event that] If a claim has been filed upon the debt secured by
the mortgage or lien, no such sale [shall] may be confirmed unless the
holder of the claim , [shall,] by a signed and acknowledged instrument [,]
filed in the matter of the estate, [release] releases the estate from all
liability upon the claim.
Sec. 310. NRS 148.170 is hereby amended to read as follows:
148.170 Perishable property and other personal property which will
depreciate in value if not disposed of promptly, or which will incur loss or
expense by being kept, and so much other personal property as may be
necessary to provide the family allowance pending the receipt of other
sufficient [funds,] money, may be sold without notice, and title [shall pass]
passes
without confirmation ,administrator] personal representative is responsible for the actual value of
the property unless [, after making a sworn return, and on a propershowing, the court shall approve the sale.] he obtains an order approving
the sale before the closing of the estate.
Sec. 311. NRS 148.180 is hereby amended to read as follows:
148.180 1.
without the necessity of confirmation, upon obtaining an order of the court.
2. A petition for such an order shall be filed with the clerk who shall
set the same for hearing by the court and shall give notice thereof for the
period and in the manner required by NRS 155.010, but the court or judge
may order the notice to be given for a shorter period or dispensed with.
3. The order shall fix the terms and conditions of sale and may
dispense with notice of sale when the minimum selling price is fixed, or
when the securities are to be sold upon an established stock or bond
exchange.] If the sale of securities is authorized by will or by consent of
the devisees or heirs to whom the securities are to be distributed, the
securities may be sold without notice, and title passes without
confirmation, if the securities are sold upon an established securities
exchange.
2. All other securities may be sold upon obtaining an order of the
court. Upon the filing of a petition requesting such an order, the clerk
shall set the matter for hearing and the petitioner shall give notice for the
period and in the manner required by NRS 155.010, but the court may
shorten the period or dispense with notice.
Sec. 312. NRS 148.190 is hereby amended to read as follows:
148.190 1. Except as
otherwise provided148.170 and 148.180 and in summary administration under chapter 145 of
NRS,
personal property of the estate only after
published at least 10 days before the sale in one or more issues of] notice is
published in a newspaper published in the county where the proceedings
are pending, if there is such a newspaper [;] , and if not, then in one having
general circulation in the county [.] , for 2 weeks, consisting of three
publications 1 week apart, before the day of the sale or, in the case of a
private sale, before the day on or after which the sale is to be made. For
good cause shown, the court may decrease the number of publications to
one and shorten the time for publication to a period not less than 8 days.
The notice shall include
of the property to be sold
and a day on or after which the sale will be made.
2. Public sales
other public place, at the residence of the decedent or at a place designated
by the
may be made of any personal property which is not
inspection
at the time of sale, unless the courtotherwise orders.
Sec. 313.
NRS 148.200 is hereby amended to read as follows: 148.200 Personal property may be sold for cash [,] or upon [a] credit
. Sec. 314. NRS 148.220 is hereby amended to read as follows:
148.220 1. Notice of the time and place of sale of real property must
be published in a newspaper published in the county in which the [land]
property,
or some portionis one so published
[
week apart, before the day of sale
the day on or after which the sale is to be made.
For good cause shown,the court may decrease the number of publications to one and shorten
the time for publication to a period not less than 8 days.
2.
that the value of the property to be sold does not exceed
executor or administrator may, in his discretion,] $5,000, the personal
representative may dispense with the publication [,] and , in lieu thereof ,
post a notice of the time and place of sale in [3] three of the most public
places in the county [,] in which the [land] property, or some portion
[
sale
sale is to be made.
3. The property proposed to be sold must be described with common
certainty in the notice.
Sec. 315. NRS 148.230 is hereby amended to read as follows:
148.230 1.
county in which the
it is located
in two or more counties, it may be sold in either. The sale mustbe made between the hours of 9 a.m. and
day, and must be made] 5 p.m. on the day named in the notice of sale,
unless the [same] sale is postponed.
2. If, at the time appointed for the sale, the [executor or administrator
deems it for the interest of all persons concerned therein] personal
representative determines that the [same] sale should be postponed, [he
may postpone] it may be postponed from time to time, not [exceeding in
all] to exceed 3 months. In case of a postponement, notice [thereof] must be
given by a public declaration at the time and place first appointed for the
sale.
Sec. 316. NRS 148.240 is hereby amended to read as follows:
148.240 1. [In the case] The notice of a private sale [, the notice]
must state a place where bids or offers will be received, and a day on or
after which the sale will be made, which
from] 2 weeks after the first publication or posting of the notice, and the
sale [must] may not be made before that day, [but] and must be made
within 1 year thereafter , [;] but if it is shown that it will be for the best
interests of the estate, the court [or judge] may, by an order, decrease the
number of publications and shorten the time of notice, which [shall] may
not, however, be less than
may be made on or after a day less than
case the notice of sale and the sale may be made to correspond with
the
order.2. The bids or offers must be in writing, and may be left at the place
designated in the notice or delivered to the
personally, or may be filed in the office of the clerk of the court where the
proceedings are pending,] personal representative personally at any time
after the first publication or posting of the notice and before the making of
the sale.
Sec. 317. NRS 148.260 is hereby amended to read as follows:
148.260 [No]
1. Except as otherwise provided in subsection 2, no
sale of realproperty at private sale
court is satisfied that the sum offered represents the fair market value of the
property sold, nor unless
1 year
new appraisement must be had, as in the case of an original appraisement of
an estate. This may be done at any time before the sale or confirmation
thereof.
2. If the personal representative is the sole devisee or heir of the
estate, or if all devisees or heirs consent in writing to sale without an
appraisal, the requirement of an appraisal may be dispensed with and the
personal representative may rely on the assessed value of the property for
taxation in obtaining confirmation of the sale.
Sec. 318.
NRS 148.270 is hereby amended to read as follows: 148.270 1. [Upon] At the hearing , the court [must examine into]
shall consider the necessity for the sale, or the advantage, benefit and
interest of the estate in having the sale made, and must examine the return
and
2. If it appears to the court that good reason existed for the sale, that
the sale was legally made and fairly conducted, and complied with the
requirements of NRS 148.260, that the sum bid is not disproportionate to
the value, and it does not appear that a sum exceeding the bid by at least 5
percent if the bid is not more than $100,000, or by at least $5,000 if the bid
is $100,000 or more, may be obtained, the court shall
confirming the sale and directing conveyances to be executed
otherwise,
it shall vacate the sale .If the court directs that the property be resold,
notice must be given andthe sale in all respects conducted as if no previous sale had taken place.
3.
that named in the return is made to the court by a responsible person, as
provided in subsection 2, and the bid complies with all provisions of the
law, the court may accept the offer and confirm the sale to that person,
order a new sale or conduct a public auction in open court.
4. If a higher bid is received at the time of a hearing to confirm the
sale, the court may continue the hearing if it finds that the originalbidder was not notified of the hearing and might desire to increase his
bid, but failure to notify the original bidder or to continue the hearing is
not grounds to void an order confirming a sale.
Sec. 319.
NRS 148.280 is hereby amended to read as follows: 148.280 1. [Conveyances must thereupon] If a sale is confirmed, a
conveyance must be executed to the purchaser by the [executor or
administrator, and they] personal representative. The conveyance must
refer to the order confirming sale and [directing conveyances to be
executed,] a certified copy of [which] the order must be recorded in the
office of the recorder of the county in which the [land] property, or any
portion thereof [lies.] , is located.
2.
the right, title, interest and estate of the decedent in the
at the time of his death
,law or otherwise, the estate has acquired any right, title or interest in the
[
time of his death,
conveyances.] the conveyance.
Sec. 320. NRS 148.290 is hereby amended to read as follows:
148.290 1. If a sale is made upon
administrator must] personal representative shall take the note or notes of
the purchaser for the unpaid portion of the purchase money, with a
mortgage [or deed of trust] on the property to secure their payment.
2. The mortgage [or deed of trust] may contain a provision for release
of parts of the property if the court approves the provision.
Sec. 321. NRS 148.300 is hereby amended to read as follows:
148.300 If, after the confirmation, the purchaser neglects or refuses to
comply with the terms of the sale, the court, on motion of the [executor or
administrator,] personal representative, and after notice to the purchaser,
may vacate the order of confirmation and order a resale of the property. If
the amount realized on [such] the resale does not cover the bid and the
expenses of the previous sale, [such] the purchaser is liable to the estate for
the deficiency.
Sec. 322. NRS 148.310 is hereby amended to read as follows:
148.310 [An executor or administrator] A personal representative who
fraudulently sells any real property of a decedent contrary to or otherwise
than under the provisions of this [Title] chapter is liable [in] for double the
value of the [land] property sold, as liquidated damages, to be recovered in
an action by the person having an estate of inheritance therein.
Sec. 323. NRS 148.320 is hereby amended to read as follows:
148.320 The periods of limitation prescribed in NRS 11.270 [shall]
apply to all actions for the recovery of any property sold by
administrator] a personal representative in accordance with the provisions
of this [Title,] chapter, and to all actions to set aside such a sale.
Sec. 324. NRS 148.330 is hereby amended to read as follows:
148.330 If a decedent, at the time of [his] death, was [possessed of] a
party to a contract for the purchase of [real property, his] property, the
interest in [such] the property and under [such] the contract may be sold by
[
manner as if
the same proceedings may be had for that purpose as are prescribed in this
chapter for the sale of property of which he died seised, except as
[
Sec. 325.
NRS 148.340 is hereby amended to read as follows:148.340 1. The sale must be made subject to all payments which are
due at the time of sale or which may thereafter become due on the contract,
and if there are any, the sale must not be confirmed by the court until the
purchaser executes a bond to the [executor or administrator] personal
representative for the benefit and indemnity of himself and of the persons
entitled to the interest of the decedent in the [lands] property so contracted
for, in double the whole amount of payments then due and thereafter to
become due on the contract, with such sureties as the court [or judge shall
approve.] approves.
2. The bond must be conditioned that the purchaser will make all
payments for the property which are then due or which become due after
the date of the sale, and will fully indemnify the
personal representative
and the persons so entitled against all demands,cost, charges and expenses by reason of any covenant or agreement
contained in the contract.
3. A bond need not be given
the estate upon the contract and time for filing or presenting claims has
expired, nor
acknowledged instrument filed in the matter of the estate,
the estate from all liability upon the claim.
Sec. 326. NRS 148.350 is hereby amended to read as follows:
148.350 Upon the confirmation of the sale, the
administrator must] personal representative shall execute to the purchaser
an assignment of the contract, which vests in the purchaser, [his] and the
heirs and assigns [,] of the purchaser, all the right, title and interest of the
estate, or of the persons entitled to the interest of the decedent, in the
property sold at the time of the sale, and the purchaser has the same rights
and remedies against the [vendor of the land] seller of the property as the
decedent would have had if [he were] living.
Sec. 327. NRS 148.360 is hereby amended to read as follows:
148.360 1. To enter into an agreement to sell or to give an option to
purchase a mining claim , [or claims,] or real property worked as a mine,
belonging to the estate of a decedent, the [executor or administrator, or any
person interested in the estate,] personal representative, or an interested
person, shall file a [verified] petition describing the property in question,
stating the terms and general conditions of the proposed agreement oroption, showing the advantage or advantages that may accrue to the estate
from entering into it, and [praying for] requesting an order authorizing or
directing its execution.
2. The clerk shall set the petition for hearing [by the court, and notice
thereof shall be given] , and the petitioner shall give notice for the period
and in the manner provided in NRS 155.010.
Sec. 328. NRS 148.370 is hereby amended to read as follows:
148.370 1. At the time appointed, the court, upon proof that due
notice of the hearing has been given, shall proceed to hear the petition and
any objection thereto that may have been filed or presented , [;] and if, after
a [full] hearing, the court is satisfied that it will be to the advantage of the
estate to enter into the proposed agreement, it shall [make] enter an order
[
representative
to enter intothe
option to purchase.2. The order may prescribe the terms and conditions of the agreement
or option.
3. A certified copy of the order
of the county recorder of every county in which the
by the agreement or option, or any portion thereof,
Sec. 329.
NRS 148.380 is hereby amended to read as follows: 148.380 1. [At the time of making the order, the court shall] The
order must fix the amount of such additional bond as [it] the court
determines should be given by the
be] personal representative, who is not entitled to receive any of the
proceeds from the agreement or option until the bond is given and
approved.
2. When the order is [made, the executor or administrator] entered, the
personal representative shall execute, acknowledge and deliver an
agreement or option to purchase containing the conditions specified in the
order and setting forth therein that it is made by authority of the order, and
giving the date of the order.
Sec. 330. NRS 148.390 is hereby amended to read as follows:
148.390 If the purchaser or option holder neglects or refuses to comply
with the terms of the agreement or option, the court, on [motion of the
executor or administrator,] petition of the personal representative, and
after notice to the purchaser or option holder, shall [make] enter an order
canceling the agreement or option [; but such cancellation shall] , but the
cancellation does not affect any liability [therefore] previously created.
Sec. 331. NRS 148.400 is hereby amended to read as follows:
148.400 [When] If the terms of [such] an agreement to sell or option
to purchase have been complied with by the purchaser or option holder, and
all payments have been made according to the terms thereof, the [executor
or administrator must] personal representative shall make a return [of his
proceedings] to the court and petition for [a confirmation thereof, and
thereupon notice shall] confirmation. Notice must be given, a hearing had,an order made by the court confirming or refusing to confirm the
proceedings and conveyances executed, in the same manner and with like
effect as in the case of the sale of [any] real property.
Sec. 332. Chapter 149 of NRS is hereby amended by adding thereto a
new section to read as follows:
1. The personal representative or an interested person may petition
the court to enter an order:
(a) If the decedent died in possession of, or holding title to, property
and the property or an interest in it is claimed by another.
(b) If the decedent died having a claim to property and another holds
title to or is in possession of the property.
2. The petition must state the facts upon which it is based and the
name and address of each person entitled to notice of the petition.
3. Upon the filing of the petition, the clerk shall set it for hearing and
the petitioner shall give notice of the hearing, at least 30 days before the
time set, to:
(a) All interested persons, in the manner provided in NRS 155.010.
(b) Each person claiming an interest in, or having title to or
possession of the property, and any other person whose right, title or
interest in or to the property would be affected by the granting of the
petition, in the manner provided in NRS 155.040.
(c) Any other person, in the manner directed by the court.
4. An interested person may request time for filing a response to the
petition, for discovery, or for other preparation for the hearing, and the
court may grant a continuance for a reasonable time.
5. The court shall not grant a petition under this section if it
determines that the matter should be determined by a civil action.
6. A person having or claiming title to or an interest in the property
which is the subject of the petition may, at or before the hearing, object
to the hearing if the petition is filed in a court which is not the proper
court under other law for the trial of a civil action seeking the same relief
and, if the ground for the objection is established, the court shall not
grant the petition.
7. If a civil action is pending with respect to the subject matter of the
petition and jurisdiction was obtained in the court where that action is
pending before the petition was filed, upon request of a party to the civil
action, the court shall stay action on the petition until the conclusion of
the civil action, but the court need not stay action if it determines that the
civil action was filed for the purpose of delay.
8. Except as otherwise provided in subsection 5, 6 or 7, if the court is
satisfied that a conveyance, transfer, delivery or other disposition should
be made, the court shall enter an order directing the personal
representative or other person having title to or possession of the property
to convey, transfer or deliver it to the person entitled thereto or granting
other appropriate relief.
9. If an order is entered pursuant to subsection 8
:
(a) The order is prima facie evidence of the correctness of theproceedings and of the personal representative or other person to execute
the conveyance or transfer.
(b) The person entitled under the order has the right to possession of
the property, and the right to hold the property, according to the terms of
the order as if the property had been conveyed or transferred.
(c) The personal representative or other person to whom the order is
directed shall execute the conveyance or transfer according to the terms
of the order.
(d) A conveyance or transfer by the personal representative passes title
to the property as fully as if the decedent had executed it while living.
Sec. 333.
NRS 149.010 is hereby amended to read as follows: 149.010 1. [Whenever it shall appear] If it appears to be to the
advantage of the estate to borrow money upon a note or notes, [either]
unsecured or to be secured by a security agreement or other lien upon the
personal property of the decedent [,] or any part thereof, or to be secured
by a mortgage [or deed of trust] upon the real property of the decedent [,]
or any part thereof, or to mortgage or [give a deed of trust upon, or to]
create a security interest or other lien upon [, such] the property or any part
thereof, in order to pay the debts of the decedent, or [legacies,] devises, or
expenses or charges of administration, or to pay, reduce, extend or renew
[
already subsisting] existing upon property of the estate, and as often as
occasion [therefor shall arise] arises in the administration of the estate, the
court may [authorize, empower and] direct the [executor or administrator]
personal representative
to borrow the money and to execute such note ornotes
or to give other security by way of security interest or other lien, or may
authorize, in a proper case, the execution of an extension agreement.
2.
interest in real or personal property, and it
the advantage of the estate to borrow money in order to improve, utilize,
operate or preserve
co-owners, or in order to pay, reduce, extend or renew some security
interest or agreement, lien
upon all such] or mortgage existing upon the property, including the other
undivided interest or interests therein, the court may [authorize, empower
and] direct the [executor or administrator] personal representative to
borrow the money required for [such] those purposes and to join with the
owner or owners of the other undivided interest or interests in the property,
or their duly authorized representatives or agents, in the execution of such
joint and several note or notes as may be necessary, and to join with the
owner or owners of the other undivided interest or interests in the property,
or their duly authorized representatives or agents, in the execution of such
security agreement, lien [, mortgage or deed of trust] or mortgage as may
be required to secure the payment of [such] the note or notes. [3. To obtain such orders, the proceedings to be taken and the effect
thereof shall be as provided in NRS 149.020 to 149.050, inclusive.]
Sec. 334. NRS 149.020 is hereby amended to read as follows:
149.020 1. The
in the estate,] personal representative or an interested person shall file a
[
(a) The particular purpose or purposes for which the order is sought.
(b) The necessity for or advantage to accrue from
entry of the order.(c) The amount of money proposed to be raised, if any.
(d) The rate of interest to be paid.
(e) The length of time the note or notes are to run.
(f) A general description of the property proposed to be mortgaged or
subjected to
2. The clerk shall set the petition for hearing
the petitioner shall give notice
of the hearingmanner required by NRS 155.010 or as the court by order may require.
Sec. 335. NRS 149.030 is hereby amended to read as follows:
149.030 1. At the time appointed, the court, upon proof that due
notice of the hearing has been given, shall proceed to hear the petition and
any objection
after a
the estate, it shall
[
and to execute
[
by way of security interest or other lien.
2. The court may direct that a lesser amount than that named in the
petition be borrowed, and may prescribe the maximum rate of interest and
the period of the loan,
paid,] and require that the interest and the whole or any part of the principal
be paid, from time to time, out of the whole estate or any part thereof, and
that the personal property to be subject to the security agreement or other
lien, or any [buildings] improvements on the premises to be mortgaged [or
subject to the deed of trust, shall be] , are insured for the further security of
the lender, and the premiums paid from the assets of the estate.
3. A certified copy of the order [shall] must be recorded in the office
of the county recorder of every county in which the [land] property affected
by the order, or any portion thereof, [lies.] is located.
Sec. 336. NRS 149.040 is hereby amended to read as follows:
149.040 The
execute, acknowledge and deliver the mortgage
security, as directed, setting forth therein that it is made by authority of the
order, giving the date of the order. The note or notes and mortgage
deed of trust,] or other security [, shall] must be signed by the [executor or
administrator] personal representative as such, and [shall] create no
personal liability against [the person so signing.] him. Sec. 337. NRS 149.050 is hereby amended to read as follows:
149.050 1. [Every mortgage,] A mortgage or security agreement [or
deed of trust] so made [shall be] is effectual to mortgage or subject to the
security agreement [or to the deed of trust] all right, title, interest and estate
which the decedent had in the property described therein at the time of his
death or [prior thereto] previously and any right, title or interest in the
property acquired by the estate of [such] the decedent, by operation of law
or otherwise, since the time of his death.
2. Jurisdiction of the court to administer the estate of [such decedent
shall be] the decedent is effectual to vest the court with jurisdiction to
[
agreement
and the jurisdiction conclusively inures
to the benefit of the mortgageenamed in the mortgage
agreement
their] and the heirs, successors and assigns [.] of the secured party.
3. No omission, error or irregularity in the proceedings
invalidate the same] impairs or invalidates them or the note or notes [,
mortgage,] or mortgage or security agreement [or deed of trust] given in
pursuance thereof, and the mortgagee [,] or secured party [or the trustee
and beneficiary, their] and the heirs, successors and assigns [, shall] of the
secured party, have and possess the same rights and remedies on the note
or notes [,] and mortgage [,] or security agreement [or deed of trust] as if it
had been made by the decedent [prior to] before his death, except that ,
upon any foreclosure or sale under the mortgage [,] or security agreement ,
[
insufficient to pay the note or notes, the mortgage
,
may
be had or allowedmortgage,] or mortgage or security agreement [or deed of trust were] was
given to pay, reduce, extend or renew a lien
security agreement
death of the decedent and the indebtedness secured thereby was an allowed
and approved claim against the estate, in which case the part of the
indebtedness remaining unsatisfied must be classed and paid with other
allowed claims against the estate.
Sec. 338. NRS 149.060 is hereby amended to read as follows:
149.060
of the estate to lease any real property of the decedent, and as often as
occasion
court may
representative
to executeSec. 339. NRS 149.070 is hereby amended to read as follows:
149.070 1. To obtain such an order the
any person interested in the estate,] personal representative or an
interested person shall file a [verified] petition, showing the advantage toaccrue from giving the lease, a general description of the property proposed
to be leased, and the term, rental and general conditions of the proposed
lease.
2. The clerk shall set the petition for hearing [by the court. Notice] ,
and the petitioner shall give notice of the hearing [shall be given] in the
manner required by NRS 155.010 or as the court by order may require.
Sec. 340. NRS 149.080 is hereby amended to read as follows:
149.080 1. At the time appointed, the court shall hear the petition and
any objection [thereto] that may have been presented , [;] and if the court is
satisfied that it will be to the advantage of the estate, it shall [make] enter
an order
such] personal representative to make the lease.
2. The order [shall] must set forth the minimum rental or royalty and
the period of the lease, which [shall] must be for such time as the court may
authorize, except as otherwise [herein] provided in subsection 5 with
respect to a lease for the purpose of production of minerals, oil, gas or
other hydrocarbon substances or natural steam.
3. The order may authorize other terms and conditions, including, with
respect to a lease for the purpose of production of minerals, oil, gas, or
other hydrocarbon substances or natural steam, a provision for the payment
of rental and royalty to a depositary, and for the appointment of a common
agent to represent the interest of all the lessors, and, if the lease is for the
purpose of production of oil, gas or other hydrocarbon substances or
natural steam, including a provision for the payment of a compensatory
royalty in lieu of rental and in lieu of drilling and producing operations on
the [land] property covered by the lease, and including a provision
empowering the lessee to enter into any agreement with lessees, operators
or owners of other [lands] property for the purpose of bringing about the
cooperative development and operation of all or parts of the field of which
the leased [land] property is a part, or for the development and operation of
all or parts of the field as a unit.
4. If the lease covers additional property owned by other persons or an
undivided interest of the decedent, or other interest of the decedent less
than the entire ownership in the property, it may provide for division of
rental and royalty in the proportion that the [land] property or interest of
each owner bears to the total area of the [land] property or total interests
covered by [such] the lease.
5. A lease for the purpose of production of minerals, oil, gas or other
hydrocarbon substances or natural steam may be for a fixed period, and so
long thereafter as minerals, oil, gas or other hydrocarbon substances or
natural steam are produced in paying quantities from the property leased or
mining or drilling operations are conducted thereon, and, if the lease
provides for the payment of a compensatory royalty, so long as [such] the
compensatory royalty is paid, and, if the
lease is included in an agreement with lessees, operators or owners of other
[
hydrocarbon substances or natural steam are produced in paying quantities
from any of the
operations are conducted thereon.
6. A certified copy of the order
of the
county recorder of every county in which the leasedor any portion thereof,
Sec. 341.
NRS 149.090 is hereby amended to read as follows: 149.090 1. The [executor or administrator] personal representative
shall execute, acknowledge and deliver the lease as directed, setting forth
therein that it is made by authority of the order, giving the date of the order.
2. [Every] A lease so made [shall be] is effectual to [demise and let the
premises] lease the property described, at the rent, for the term and upon
the conditions therein prescribed.
3. Jurisdiction of the court to administer the estate of the decedent
[shall be] is effectual to vest the court with jurisdiction to [make] enter the
order for the lease, and [such jurisdiction shall conclusively inure] that
jurisdiction conclusively inures to the benefit of the lessee, his heirs,
successors and assigns.
4. No [omissions,] omission, error or irregularity in the proceedings
[shall impair or invalidate the same] impairs or invalidates them or the
lease made in pursuance thereof.
Sec. 342. NRS 149.100 is hereby amended to read as follows:
149.100 [The executor or administrator] A personal representative
may lease [real] property without an order of court [when] if the tenancy is
from month to month, or for a term not to exceed 1 year.
Sec. 343. Chapter 150 of NRS is hereby amended by adding thereto
the provisions set forth as sections 344, 345 and 346 of this act.
Sec. 344. 1. If a testator makes provision by will, or designates
property to be appropriated, for the payment of debts, the expenses of
administration or family allowances, they must be paid according to that
provision or out of the property thus appropriated, to the extent that the
provision or property is sufficient.
2. To the extent the provision or property is insufficient, any portion
of the estate not disposed of by the will must be appropriated for that
purpose. To the extent that is not sufficient, the property given to
residuary devisees, and thereafter all other property devised, is liable for
those obligations in proportion to the value or amount of the respective
devises, but specific devises are exempt from that liability if exemption
appears to the court necessary to carry out the intent of the testator and
there is other sufficient property.
Sec. 345.
Until all remaining property is delivered pursuant to anorder of final distribution, a personal representative shall file with the
court, annually, an account showing the income he has received, what
expenditures he has made, what property has been disbursed, or sold andat what price, and the nature and value of the property remaining on
hand.
Sec. 346.
A supplementary account of any receipts anddisbursements by the personal representative since the filing of his final
account must be filed before or at the time of making a final distribution,
unless the distribution is only of real property. A settlement of the
supplementary account, together with an estimate of the expense of
closing the estate, must be entered by the court and included in the order.
The court may order notice of the settlement of the supplementary
account.
Sec. 347.
NRS 150.010 is hereby amended to read as follows: 150.010 The [executor or administrator shall] personal representative
must be allowed all necessary expenses in the [care and management, as
well as settlement,] administration and settlement of the estate, and fees
for
deceased shall, by his will, make] , but if the decedent by will makes some
other provision for the compensation of [his executor,] the personal
representative, this shall be deemed a full compensation for [such] those
services, unless the
in writing, of all claim for the compensation provided by the will.
Sec. 348. NRS 150.020 is hereby amended to read as follows:
150.020 1.
must be allowed
has been
accounted forfollows:
(a) For the first $15,000, at the rate of 4 percent.
(b) For the next $85,000, at the rate of 3 percent.
(c) For all above $100,000, at the rate of 2 percent.
2. The same
the personal representative if there is no will.
3. If there are two or more
representatives,
the compensation must be apportioned among them by thecourt according to the services actually rendered by each.
services in regard to the real property when it appears that the services are
just and reasonable.]
Sec. 349. NRS 150.030 is hereby amended to read as follows:
150.030 Such further allowances may be made as the court
deems
just and reasonable for any extraordinary services, such as:1. Management, sales or mortgages of real or personal property.
2. Contested or litigated claims against the estate.
3. The adjustment and payments of extensive or complicated estate
taxes.
4. Litigation in regard to the property of the estate
. 5. The carrying on of the decedent's business pursuant to an order of
the court.
6. Such other litigation or special services as may be necessary for the
perform.
Sec. 350. NRS 150.040 is hereby amended to read as follows:
150.040
heir, devisee or legatee]
an heir or devisee
for a higher compensation than that allowed by NRS150.020 and 150.030
Sec. 351. NRS 150.050 is hereby amended to read as follows:
150.050 1.
personal representative,
at any time after the issuance of letters[
persons
require,] requires, may apply to the court for an allowance upon his
[
2. On the hearing, the court shall
such portion of
time, as the court deems proper, and the portion so allowed may be
[
Sec. 352. NRS 150.060 is hereby amended to read as follows:
150.060 1. Attorneys for
administrators] personal representatives are entitled to reasonable
compensation for their services, to be paid out of the decedent's estate. The
amount must be fixed by agreement between the [executor, administrator or
special administrator] personal representative and the attorney, subject to
approval by the court, after [application,] petition, notice and hearing [,] as
provided in subsection 2. If the [executor, administrator or special
administrator] personal representative and the attorney fail to reach
agreement, or if the attorney is also the [executor, administrator or special
administrator,] personal representative, the amount must be determined
and allowed by the court. The [application] petition must contain specific
and detailed information supporting the entitlement to compensation,
including:
(a) Reference to time and hours;
(b) The nature and extent of services rendered;
(c) Claimed ordinary and extraordinary services;
(d) The complexity of the work required; and
(e) Other information considered to be relevant to a determination of
entitlement.
2. The [applicant] clerk shall set the petition for hearing, and the
petitioner shall give notice of [his application and the hearing thereof to the
executor, administrator or special administrator] the petition to the
personal representative if he is not the [applicant] petitioner and to all
known heirs [, devisees. and legatees.] in an intestacy proceeding anddevisees in a will proceeding. The notice must be [sent by registered or
certified mail at least 10 days before the hearing.] given for the period and
in the manner provided in NRS 155.010. If a complete copy of the
[
statement of the amount of the fee which the court will be requested to
approve or allow.
3. On similar
make an allowance to an attorney for services rendered up to a certain time
during the proceedings.
4.
to
objections must be considered at the hearing.
5. Except as otherwise provided in this subsection, an attorney for
minor, absent
, unborn, incapacitated or nonresident heirs is entitled tocompensation primarily out of the estate of the distributee so represented
by him in those cases and to such extent as may be determined by the court.
If the court finds that all or any part of the services performed by the
attorney for the minor, absent
, unborn, incapacitated or nonresident heirswas of value to the decedent's entire estate as such and not of value only to
[
or part of the attorney's fee be paid to the attorney out of the
of the decedent's entire estate as a general
expense of the estate. The amount of these fees must be determined in the
same manner as the other attorney's fees provided for in this section.
Sec. 353. NRS 150.070 is hereby amended to read as follows:
150.070 1.
his own account with the whole of the estate of the deceased which should
come to his] A personal representative is accountable for the whole estate
that comes into the possession of the personal representative at the value
of the appraisement contained in the inventory, except as otherwise
provided in this Title, and
the estate.
2.
not
accountable for any debts due the deceased that remain uncollectedwithout his fault.
3.
nor suffer loss by the decrease or destruction of any part of the estate
without his fault.
excess when
[
than
representataive is not
responsible for the loss if the sale has been madeaccording to law.
Sec. 354. NRS 150.080 is hereby amended to read as follows:
150.
080 either] upon its [or his] own motion [,] or upon the [application of anyperson interested in the estate, the executor or administrator must render
and] petition of an interested person, a personal representative shall file
with the clerk [a] the first, verified account, showing:
[(a)] 1. The amount of money received and expended by him.
[(b)] 2. The claims filed or presented against the estate, giving the
name of each claimant, the nature of his claim, when it became due or will
become due, whether it was allowed or rejected by him , or not yet acted
upon.
[(c)] 3. All other matters necessary to show the condition of the estate.
[2. If he neglects or refuses to appear and render such account after
having been duly cited, an attachment may be issued against him and such
accounting compelled, or his letters may be revoked, or both, in the
discretion of the court or judge.]
Sec. 355. NRS 150.100 is hereby amended to read as follows:
150.100 1. If the
fails to
in NRS
issue requiring
time to be stated in the citation, as fixed by the court
,and show cause why
compelled to file the account.
2. If
time stated, or show cause why
other proper process, may compel
such an account or may revoke
the letters,
or both, and like action may besubsequent account
required
to file.Sec. 356. NRS 150.110 is hereby amended to read as follows:
150.110 1.
has been sold or there
available
for the payment of all debts due by the estate, and the estateis
in a proper condition to be closed, therender and file his] personal representative shall file a final account and
[
2. If
file a
final account , the same proceedings may be had as prescribed in thischapter in regard to the first account to be filed by
representative,
and all the provisions relative to the first account, and thenotice and settlement thereof
,settlement.
Sec. 357. NRS 150.120 is hereby amended to read as follows:
150.120
shall cease or shall be] a personal representative ceases or is revoked for
any reason, [he] the personal representative may be cited by the court to
account, at the instance of the person succeeding to the administration ofthe same estate, in like manner as [he] the personal representative might
have been by any interested person [interested in the estate during the time
he was executor or administrator.] during the term of the appointment.
Sec. 358. NRS 150.130 is hereby amended to read as follows:
150.130 1. If
representative
dies or becomesaccounts may be presented
to the court byor guardian
was executor or administrator is being administered, and, upon] of the
former personal representative. Upon petition of [the successor of the
deceased or incompetent executor or administrator,] a successor to the
decedent or incapacitated personal representative, the court shall compel
the personal representative or guardian [of the deceased or incompetent
executor or administrator to render] to file an account of the administration
. [of his testator or intestate, and must] The court shall settle such an
account as in other cases.
2. In the absence of a personal representative or guardian of the
incapacitated personal representative,
the court may compelfor the deceased or incompetent executor or administrator to render] an
attorney to file an account of the administration [of the deceased or
incompetent executor or administrator] to the extent that the attorney has
information or records available [to him] for that purpose. The account of
the attorney need not be verified. A fee [shall] must be allowed the attorney
by the court for this extraordinary service.
Sec. 359. NRS 150.140 is hereby amended to read as follows:
150.140 If the [executor or administrator absconds or conceals
himself,] personal representative absconds, or if, after reasonable
diligence, he cannot be found , so that a citation cannot be personally
served, and [shall neglect] the personal representative neglects to file an
account within 20 days after the time fixed for that purpose, [his letters
shall] the letters must be revoked.
Sec. 360. NRS 150.150 is hereby amended to read as follows:
150.150 1. [Except as provided in subsection 6, in rendering his
account, the executor or administrator shall produce vouchers for all
payments he may have made, which vouchers shall be filed and remain in
court, and he may be examined on oath touching such payments, and also
touching any property and effects of the deceased, and the disposition
thereof.
2. When any voucher shall be required for other purposes, it may be
withdrawn on leaving a certified copy on file.
3. Where the account is accompanied by a report of an accountant, or
an accountant, upon the hearing of any account, testifies that all
expenditures of $20 or more made by the executor or administrator during
the accounting period are supported by vouchers, it shall not be necessary
to produce or file the vouchers in court. The provisions of this subsectionare applicable only when the accountant has been appointed or is approved
by the court for such purpose.
4. If any vouchers be] A personal representative need not file
vouchers with the court to substantiate payments made in the
administration of the estate, but shall retain possession of the vouchers
and permit their examination by the court or an interested person.
2. The court, on its own motion or on application ex parte for good
cause by an interested person, may order production for examination
and audit the vouchers that support an account specified in the order.
3. If any vouchers are lost, or for other good reason cannot be
produced on settlement of an account, the payment may be proved by the
oath of one competent witness. If it is proven that vouchers for any
disbursements have been lost or destroyed, that it is impossible to obtain
duplicates, and that the [items] expenses were paid in good faith and were
legal charges against the estate, the [executor or administrator shall]
personal representative must
be allowed5. He may be allowed any item of expenditure not exceeding $20 for
which no voucher is produced, if it is supported by his uncontradicted oath
positive to the fact of payment, specifying when, where and to whom it was
made; but the total amount of such allowances in all his accounts must not
exceed $500.
6. A corporate executor or administrator is not required to file
vouchers with the court to substantiate payments made in the administration
of the estate, but shall retain possession of such vouchers and permit
examination thereof by any party interested in the estate or the court.] those
expenses.
Sec. 361. NRS 150.160 is hereby amended to read as follows:
150.160 1.
by the court, notice thereof must be given] and a petition for settlement
thereof is filed, the clerk shall set the petition for hearing and the
petitioner shall give notice for the period and in the manner required by
NRS 155.010.
2. If the account is for a final settlement and a petition for the final
distribution of the estate is filed with the account, the notice of settlement
must so state, and on the settlement of the account, distribution of the estate
to those entitled thereto may be [had immediately.] made as soon as
possible.
Sec. 362. NRS 150.170 is hereby amended to read as follows:
150.170 1.
may appear and file written
contest
2. Upon the hearing, the
representative
may be examinedconcerning
the account and the property and effects of the decedent andthe disposition thereof. 3. All matters, including allowed claims, not
addressed in
the settlement of any former account , and not reduced tojudgment, may be contested for cause shown.
Sec. 363. NRS 150.180 is hereby amended to read as follows:
150.180 1. If
legally appointed guardian, the court may appoint
attorney to represent him who
account as any other
interested person2. The court may also appoint an attorney to represent
unborn,incapacitated or
absent heirs and devisees .3. All matters, including allowed claims not
addressed in the settlement of any former account, or
in entering an order
of sale, may be contested by interestedpersons
for cause shown.4.
compensation out of the estate, which payment shall be an expense of
administration of the estate. The amount of such fee shall be determined by
the court.] as provided in NRS 150.060.
Sec. 364. NRS 150.190 is hereby amended to read as follows:
150.190 No account
first proved that the notice required by this chapter has been given, and the
order
satisfaction of the court
.the fact.
Sec. 365. NRS 150.200 is hereby amended to read as follows:
150.200
allowance
interested
person ,appear to the court to be correct and according to law, the court
allow and confirm the account.
Sec. 366. NRS 150.210 is hereby amended to read as follows:
150.210
becomes final, is conclusive against all
interested personsestate, saving, however, to persons] , but a person under legal disability [,]
has
the right to move for cause to reopen and examine the account, or toproceed by action against the
representative
or his sureties at any time before final distribution ,in any such action
correctness of the account.
Sec. 367. NRS 150.220 is hereby amended to read as follows:
150.220 The debts and charges of the estate must be paid in the
following order:
1.
Expenses of administration.2.
Funeral expenses.
. 4.
Family allowance.
of the payment of benefits for Medicaid.
for work done or personal services rendered within 3 months before the
death of the employer. If there is not sufficient money with which to pay all
such labor claims in full, the money available must be distributed among
the claimants in accordance with the amounts of their respective claims.
mortgages in order of their date. The preference given to a mortgage
only extend] extends only to the proceeds of the property mortgaged. If the
proceeds of [such] that property are insufficient to pay the mortgage, the
part remaining unsatisfied must be classed with other demands against the
estate.
[8.] 9. All other demands against the estate.
Sec. 368. NRS 150.230 is hereby amended to read as follows:
150.230 1. The [executor or administrator] personal representative
shall, as soon as [he has sufficient funds in his hands,] sufficient money is
available, upon receipt of a sworn statement of the amount due and without
any formal action upon creditors' claims, pay the funeral expenses, the
expenses of the last [sickness,] illness, the allowance made to the family of
the [deceased,] decedents, money owed to the department of human
resources as a result of payment of benefits for Medicaid and wage claims
to the extent of $600 of each employee of the decedent for work done or
personal services rendered within 3 months before the death of the
employer, but [he] may retain [in his hands] the necessary expenses of
administration.
2. [He] The personal representative is not obliged to pay any other
debt or any [legacy] devise until the payment is ordered by the court.
3. [He] The personal representative may, before court approval or
order, pay any of the decedent's debts amounting to $500 or less if:
(a) Claims for payment thereof [are] have been properly filed in the
proceedings;
(b) The debts are [justly] legally due; and
(c) The estate is solvent.
In settling the account of the estate, the court shall allow any such payment
if the conditions of paragraphs (a), (b) and (c) have been met. Otherwise,
the [executor or administrator] personal representative is personally liable
to any person sustaining loss or damage as a result of [such] the payment.
4. Funeral expenses and expenses of a last [sickness] illness are debts
payable out of the estate of the [deceased spouse] decedent and must not be
charged to the community share of a surviving spouse, whether or not the
surviving spouse is financially able to pay [such] those expenses and
whether or not the surviving spouse or any other person is also liable
therefor. Sec. 369. NRS 150.235 is hereby amended to read as follows:
150.235 [Where any] If a trust, life estate or estate for years is created
by [or under] a will to continue after distribution, the income received by
the [executor or administrator] personal representative from the securities
or other property which [,] upon distribution [,] will comprise the trust
estate, or in which [such] the life estate or estate for years is created,
[
distributed to the trustee or other person entitled thereto, belong to the
estate and may be applied to payment of the debts, expenses and charges of
the estate unless the will otherwise directs.
Sec. 370. NRS 150.240 is hereby amended to read as follows:
150.240 1. Upon the settlement of any account of the
administrator,] personal representative after the time to file [or present]
claims has expired, the court shall order the payment of the debts as the
circumstances of the estate permit. If there [are] is not sufficient [funds]
money to pay all of the debts, the order [shall] must specify the sum to be
paid to each creditor.
2. No creditor of any one class [shall] may receive any payment until
all those of a preferred class are fully paid , [;] and if the estate is
insufficient to pay all debts of any one class, each creditor of that class
must be paid a dividend in proportion to [his] that creditor's claim.
3. If the property of the estate is exhausted by the payment ordered,
[such account shall constitute] the account constitutes a final account, and
the [executor or administrator shall be] personal representative is entitled
to his discharge [on producing and] upon filing the necessary [vouchers
and] proof showing that he has complied with the order.
Sec. 371. NRS 150.250 is hereby amended to read as follows:
150.250 1. If there is [any] a claim not due, or any contingent or
disputed claims against the estate, the amount thereof, or such part of the
[
established or absolute, must be paid
remain, to be paid over to the holder when
thereto
over or distributed as the circumstances of the estate require.
2. If a creditor whose claim has been allowed but is not yet due appears
and assents to a deduction therefrom of the legal interest for the time the
claim has yet to run, he is entitled to be paid accordingly.
3. The payments provided for in this section are not to be made
if the estate is insolvent unless a pro rata distribution is ordered.
Sec. 372. NRS 150.260 is hereby amended to read as follows:
150.260 1.
court for the payment of creditors, the
personal representative is
personally liable to each creditor for the amountof his claim, or the dividends thereon, and execution may be issued upon
[
had been issued upon a judgment.
2. The
representative is also
liable on his bond to each creditor.Sec. 373. NRS 150.270 is hereby amended to read as follows:
150.270
personal representative have been settled and an order
the payment of debts and distribution of the estate, no creditor whose claim
was not included in the order for payment has any right to call upon the
creditors who have been paid, nor upon the heirs
devisees
to contribute to the payment of[
notice to creditors, as prescribed by law,
on the bond of the
amount for which
Sec. 374. NRS 150.280 is hereby amended to read as follows:
150.280 1.
estate have been paid, and the estate is in a condition to be closed, the court
shall
distribution of the estate among those entitled as provided in chapter 151 of
NRS.
2. If the estate is not in a condition to be closed, the court shall
the estate among those entitled at such time as it thereafter may be in a
condition to be closed.
Sec. 375. NRS 150.290 is hereby amended to read as follows:
150.290 NRS 150.290 to
150.380, inclusive, may be cited as the Federal Estate Tax Apportionment
Law.
Sec. 376. NRS 150.300 is hereby amended to read as follows:
150.300
NRS 150.290 to
1. "Estate tax" means federal estate tax, including any interest and
penalty thereon.
2.] 150.380, inclusive, unless the context otherwise requires:
1. "Gross estate" or "estate" means all property included for federal
estate tax purposes in determining the federal estate tax pursuant to the
federal estate tax law.
[3.] 2. "Person interested in the estate" means any person who receives
or is the beneficiary of any property transferred pursuant to a transfer which
is subject to a tax imposed by any federal estate tax law, now existing or
hereafter enacted.
Sec. 377. NRS 150.310 is hereby amended to read as follows:
150.310 [Whenever] If it appears upon any accounting, or in any
appropriate action or proceeding, that [an executor, administrator,] a
personal representative, trustee or other fiduciary has paid or may berequired to pay an estate tax to the Federal Government under the
provisions of any federal estate tax law, now existing or hereafter enacted,
upon or with respect to any property required to be included in the gross
estate of a decedent under the provisions of any such law, the amount of the
tax [shall] must be equitably prorated among the persons interested in the
estate, whether residents or nonresidents of this state, to whom [such] the
property was, is or may be transferred or to whom any benefit accrues,
except:
1. Where a testator otherwise directs in his will.
2. Where by written instrument executed inter vivos direction is given
for apportionment among the beneficiaries of taxes assessed upon the
specific fund dealt with in
Sec. 378. NRS 150.330 is hereby amended to read as follows:
150.330 1. The proration
jurisdiction
near as may be,] that the value of the property, interest or benefit of each
such person bears to the total value of the property, interest and benefits
received by all such persons interested in the estate.
2. In making a proration, allowances [shall] must be made for any
exemptions granted by the act imposing the tax and for any deductions
allowed by [such] that act for the purpose of arriving at the value of the net
estate.
3. Any exemption or deduction allowed by reason of the relationship of
any person to the decedent or by reason of the charitable purposes of the
gift [shall inure] inures to the benefit of the person bearing [such] the
relationship or receiving
an interest is subject to a prior present interest which is not allowable as a
deduction, the estate tax apportionable against the present interest
must
be paid from principal.4.
for gift taxes or taxes of a foreign country paid by the decedent or his estate
[
apportionment.
5.
the nature thereof in respect to property or interests includable in the gross
estate
chargeable with the payment of
proportion that the tax paid or payable reduces the estate tax.
6. To the extent that property passing to or in trust for a surviving
spouse does not constitute an allowable deduction solely by reason of an
inheritance tax or other death tax imposed upon and deductible from such
property, it
subsection 1
, and to that extent , no apportionmentagainst
7. The values used for federal estate tax purposes
values used as the basis for apportionment. 8.
interest and penalties in the same manner as the principal of the estate tax
by reason of special circumstances
, it may direct apportionment of interestand penalties in a manner different from principal.
Sec. 379. NRS 150.350 is hereby amended to read as follows:
150.350 1.
included in the gross estate does not come into the possession of the
[
and it shall be his duty, to] recover from whoever is in possession, or from
the persons interested in the estate, the proportionate amount of the tax
payable by the persons interested in the estate with which [such] the
persons interested in the estate are chargeable. The
direct the payment of
or administrator.] that amount by those persons to the personal
representative.
2. The provisions of subsection 1
to persons in possession of or interested in real or personal property located
in or subject to administration in another state and required to be included
in the gross estate of a resident of this state, unless
refuses to enforce
may be made in accordance with the law which would be applied by
the
other state.3.
charged with the amount of reasonable expenses, including
administrator's] the personal representative's and attorney's fees, in
connection with the determination of the tax and the apportionment thereof.
[
like manner as the tax.
Sec. 380. NRS 150.360 is hereby amended to read as follows:
150.360 1. The
provided in NRS 150.290 to
decree or] enter an order directing the [executor, administrator] personal
representative or other fiduciary to charge the determined amounts against
the persons against whom the tax has been prorated insofar as [he] the
personal representative or other fiduciary is in possession of property or
interests of [such] those persons against whom the charge may be made,
and summarily directing all other persons against whom the tax has been
prorated or who are in possession of property or interests of [such] those
persons to make payment of
executor, administrator] the personal representative or other fiduciary.
2. [Such decrees or] The orders may be preliminary, intermediate or
final.
3. If the [executor, administrator] personal representative or other
fiduciary holds property of a person liable to apportionment which isinsufficient to satisfy the determined amount, the court may direct that the
balance [shall] be paid by the person liable.
4. If it appears that the [executor, administrator] personal
representative or other fiduciary cannot recover the amount apportioned
against any person, [any] the amount not recovered [shall] must be charged
in such manner as the court may determine.
5. If an overpayment is made the court may direct appropriate
reimbursement.
Sec. 381. NRS 150.370 is hereby amended to read as follows:
150.370 The court shall retain jurisdiction until the purposes of NRS
150.290 to [150.390,] 150.380, inclusive, have been accomplished.
Sec. 382. Chapter 151 of NRS is hereby amended by adding thereto
the provisions set forth as sections 383 to 386, inclusive, of this act.
Sec. 383. 1. Except as otherwise provided in subsection 2 or in the
will, a personal representative may distribute property and money:
(a) In divided or undivided interests; and
(b) With or without proration.
2. Each affected beneficiary must agree before any property or
money is distributed without proration, unless the will authorizes a
personal representative to distribute property and money without
proration.
Sec. 384.
The property of a testator, except as otherwise provided inthis Title, must be resorted to for the payment of devises in the following
order:
1. The property which is expressly appropriated by the will for the
specific devise.
2. Property not disposed of by the will.
3. Property which is devised to a residuary devisee.
Sec. 385.
Unless a different intention is expressed in the will,abatement takes place in any class only as between devises of that class,
and devises to a spouse or to kindred are chargeable only after devises to
persons not related to the testator.
Sec. 386.
If property given by will to persons other than theresiduary devisees is sold for the payment of debts or expenses or family
allowances, all the devisees shall contribute in proportion to their
respective interests to the devisee whose devise has been sold, and the
court, when distribution is made, shall settle the amount of the several
liabilities and order the amount each person is liable to contribute to be
withheld from that person's distributive share for the purpose of the
contribution.
Sec. 387.
NRS 151.005 is hereby amended to read as follows: 151.005 [1.] Subject to the rights of creditors and taxing authorities,
[competent successors] distributees may agree among themselves to alter
the interests, shares or amounts to which they are entitled under the terms
of the will of the decedent, or under the laws of intestacy, in any way that
they provide in a written [contract] agreement executed by all who areaffected by its provisions. The personal representative shall abide by the
terms of the [contract] agreement subject to his obligation to administer the
estate for the benefit of creditors, to pay all taxes and costs of
administration, and to carry out the responsibilities of [his] the office for
the benefit of any [successors] distributees of the decedent who are not
parties. Personal representatives of the estate of decedents are not required
to [see to] oversee the performance of trusts if the trustee thereof is another
person who is willing to accept the trust. Accordingly, trustees of a
testamentary trust are [successors] distributees for the purposes of this
section. This section does not relieve trustees of any duties owed to
beneficiaries of trusts.
[2. As used in this section:
(a) "Personal representative" includes, without limitation, an executor,
an administrator, a successor personal representative, a special
administrator and persons who perform substantially the same function
under the law governing their status.
(b) "Successors" means persons, other than creditors, who are entitled to
property of a decedent under the terms of his will or pursuant to this Title.]
Sec. 388. NRS 151.010 is hereby amended to read as follows:
151.010 1. At any time after the lapse of 3 months from the issuing
of letters
administrator,] , the personal representative or any heir [, devisee or
legatee,] or devisee, or the assignee, grantee or successor in interest of any
heir [, devisee or legatee,] or devisee, may petition the court to distribute a
[
entitled thereto, upon
security, for the payment of
the estate.
2. The court may dispense with a bond if it
the
Sec. 389. NRS 151.020 is hereby amended to read as follows:
151.020
notice of the application shall be given to the executor or administrator
personally, and to all persons interested in the estate, in the same manner
that notice is required to be given by NRS 155.010, or as the court may
direct.]
give notice for the period and in the manner provided in NRS 155.010.
Sec. 390. NRS 151.030 is hereby amended to read as follows:
151.030 The
interested in the estate, may appear and resist the application, or any other
heir, devisee or legatee may make a similar application for himself or
herself.] personal representative, if not the petitioner, or an interested
person, may object to the petition, or an heir or devisee may submit a
similar petition.
Sec. 391. NRS 151.040 is hereby amended to read as follows:
151.040 1. Subject to the provisions of
the hearing,] subsection 3, if it appears at the hearing that the estate [is but
little indebted] has little debt and that the share or shares of the party or
parties petitioning may be allowed [,] without injury to the creditors of the
estate, the court shall [make a decree] enter an order in conformity [to the
prayer of the applicant or applicants.] with the request of the petitioner or
petitioners.
2. The
personal representative to deliver to the petitioner or petitioners the whole
portion of the estate to which
part
3. Each of the petitioners shall first execute and deliver to the executor
or administrator a bond in such sum as shall be designated by the court or
judge, and with sureties to be approved by the judge.] of the portion, if
there is sufficient property remaining in the estate to satisfy the debts or
if there is filed with the court an assumption of liability for a contingent
or disputed debt as provided in subsection 3. The court may impose any
other conditions it determines are just, including a requirement that a
distributee give a security interest in all or part of the property distributed
or give bond in an amount determined by the court. The bond [shall be
made] must be payable to the [executor or administrator] personal
representative and conditioned for the payment by the [heir, devisee or
legatee,] distributee, whenever required, of his [or her] proportion of the
debts of the estate.
[4. The court may dispense with a bond if it be made to appear that the
same is unnecessary.]
3. As a condition of an order under subsection 2, if directed by the
court, each heir or devisee shall file with the court a signed and
acknowledged agreement assuming personal liability for the contingent
or disputed debt and consenting to jurisdiction in this state for the
enforcement of the debt if it becomes absolute or established. The
personal liability of each heir or devisee does not exceed the fair market
value on the date of distribution of the property distributed less the
amount of any liens or encumbrances. If there is more than one heir or
devisee, their personal liability is joint and several.
Sec. 392. NRS 151.050 is hereby amended to read as follows:
151.050 1.
executed and delivered as prescribed in NRS 151.040, and the
administrator shall ascertain] personal representative ascertains that it is
necessary for the settlement of the estate to require the payment of any part
of the money thereby secured, he shall petition the court for an order
requiring the payment and cause a citation to be issued and served upon the
[
time and place, not more than 10 days after the date of the citation, to bestated therein, to appear and show cause why the order
be made.
2.
the payment to be made, shall
designating the amount and giving a time in which it shall be paid.
3. If the money
be maintained by the
on the bond
4. Similar proceedings may be
initiated against an heir or devisee
if no bond or other security is given.Sec. 393. NRS 151.060 is hereby amended to read as follows:
151.060 If, in the execution of the
partition is
necessary between two or more of the parties, itmade in the manner prescribed in chapter 152 of NRS.
Sec. 394. NRS 151.070 is hereby amended to read as follows:
151.070 The costs of proceedings for a partial distribution
be paid by the
[
Sec. 395. NRS 151.080 is hereby amended to read as follows:
151.080 1.
representative
files his final accountrequesting
the allowance and confirmation thereof, he may also include inthe petition a
settlement and allowance of the final account, the court may also
order
a distribution of the residue of the estate, if any, among the personswho are by law entitled
2. If a final account
order
of distribution, thelegatee,] personal representative, or an heir or devisee, or an assignee or
grantee of [any heir, devisee or legatee,] an heir or devisee, at any time
thereafter, may petition the court for [a decree] an order distributing the
estate.
Sec. 396. NRS 151.090 is hereby amended to read as follows:
151.090 1. When a petition for final distribution is filed, the clerk
shall set the petition for hearing and the petitioner shall give notice [of the
hearing of the petition to all persons individually entitled to notice as] for
the period and in the manner provided in NRS 155.010.
2. The court may order such further notice as it [may deem] deems
proper.
Sec. 397. NRS 151.110 is hereby amended to read as follows:
151.110 1.
administrator] a personal representative have been settled and [a decree]
an order
for the distribution of the estate[
unnecessary delay, distribute the estate remaining
undistributed
as directed by theproportion or parts to which each
shall have] that person has the right to demand and recover [his or her] a
respective share from the [executor or administrator,] personal
representative or any other person having [the same in] possession [.] of it.
3. The
10 days after the entry of
real property, record
a certified copy of the order with the county recorderof the county in which the
the decree.] and of any other county in which the real property, or any
portion of it, is located.
Sec. 398. NRS 151.120 is hereby amended to read as follows:
151.120 No gift or grant shall be deemed to have been made as an
advancement unless:
1. So expressed in the gift or grant;
2. Charged in writing by the
or
3. Acknowledged in writing by the donee to be such.
Sec. 399. NRS 151.130 is hereby amended to read as follows:
151.130 1. Any property
given by
a decedent during thedecedent
as an advancement toconsidered as part of the estate
computing the respective shares of the distributees and
taken by
[
2. If the amount of the advancement
the heir
or devisee so advanced, the heirfrom any further portion in the distribution and division of the estate, but he
[
If the amount so received
shall be] is entitled to as much more as will give [the heir his or her] him
his full share of the estate of the [deceased.] decedent.
Sec. 400. NRS 151.140 is hereby amended to read as follows:
151.140 If the value of the advancement
conveyance, or in the charge thereof made by the
in the acknowledgment of the
considered of] that value must be used in the distribution and division of
the estate . [; otherwise it shall] Otherwise, the value must be estimated
according to its value when given, as nearly as [the same] can be
ascertained.
Sec. 401. NRS 151.150 is hereby amended to read as follows:
151.150 If [any child,] a child or other lineal descendant so advanced
the advancement
[
Sec. 402. NRS 151.160 is hereby amended to read as follows:
151.160 All questions as to advancements made, or alleged to have
been made, by
heard and determined by the court, and
[
commissioners
order
of the courtestate, with right, however,] interested persons, subject to the right of any
party to appeal from a final [decree of the court to the supreme court.]
order.
Sec. 403. NRS 151.170 is hereby amended to read as follows:
151.170
cannot be found or who refuses to accept the
proper voucher therefor, or to a minor or
person who has no legal guardian to receive the
authorized to receipt therefor, and the
consists of money, the
may deposit the money, in the name of the assignee or distributee, with the
county treasurer of the county in which the proceedings are pending
.who] The county treasurer shall give a receipt for the [same, and be]
money and is
liable upontherefor. The receipt
or judge thereof,] as a voucher in favor of the [executor or administrator]
personal representative
with the same force and effect as if executed by[
Sec. 404. NRS 151.180 is hereby amended to read as follows:
151.180 If
of his estate legally appointed under the laws of
the distribution of
to
with a certificate of
the clerk of the court appointing
clerk of the court in which
ordered,
thereof,] as a complete receipt and voucher in favor of the [executor or
administrator.] personal representative.
Sec. 405. NRS 151.190 is hereby amended to read as follows:
151.190 1.
executor or administrator] possession of a personal representative
unclaimed for 1 year, or
proper receipt for the property, or is a minor or
incapacitated
person and has no legally qualified guardian of his estate,and it appears to the court that it is for the benefit of those interested, or ifthe
discharge and it appears to the court that no injury will result to those
interested, the court shall order the property to be sold.
2. The proceeds, after deducting such expenses of sale as may be
allowed by the court, must be paid into the
depositor must take from the treasurer
must file in the office of the auditor, and the other] a receipt, which must
be filed with the court.
Sec. 406. NRS 151.210 is hereby amended to read as follows:
151.210 [1. When] If any person appears and claims the money paid
into the state treasury, the court making the distribution [must] shall inquire
into [such] the claim, and, if satisfied of his right thereto, [must grant him a
certificate] shall enter an order to that effect [, under its seal.
2. Upon presentation of the certificate, the auditor must draw his
warrant on the treasurer for the amount.] to present to the state treasurer.
Sec. 407. NRS 151.220 is hereby amended to read as follows:
151.220
for life only, the life tenant must sign and deliver to the remainderman
or, if there
property,
life tenant's
custody for life only, and that, onbe delivered to the remainderman.
Sec. 408. NRS 151.230 is hereby amended to read as follows:
151.230 1.
it is shown by the
the production of satisfactory
sums of money due
and
all the property of the estate has been distributed to the personsentitled
have been performed,
the court shallhis] enter an order discharging sureties from all liability thereafter to be
incurred.
2. The court may excuse the filing of a receipt on a proper showing
that the personal representative is unable, after reasonable effort, to
obtain a receipt and that the property has been delivered to or is in the
possession of the distributee or creditor.
3. The provisions of this section do not bar a successful appellant from
[a decree] an order for the distribution of an estate from the recovery of
any property distributed to an [heir, devisee or legatee] heir or devisee
pursuant to the
Sec. 409.
NRS 151.240 is hereby amended to read as follows:151.240 1. Except as otherwise provided in subsection 2, the final
settlement of an estate does not prevent:
(a) The reopening of the estate for the purpose of administering other
property which has been discovered or for correcting errors made in the
description of the property administered. (b) The subsequent issuance of letters [testamentary or letters of
administration] if it becomes necessary or proper for any cause [,] that
letters should again be issued.
2. In the absence of fraud, an estate must not be reopened based upon
the discovery of:
(a) A will, if the estate was administered as if the decedent had died
intestate; or
(b) A will dated later than the will that was probated.
Sec. 410. NRS 151.250 is hereby amended to read as follows:
151.250 [Any] An heir, devisee, [legatee,] creditor or other interested
person [interested] may petition for the reopening of [the] an estate upon
the grounds provided in NRS 151.240. The petition must set forth the
names of all heirs, devisees [, legatees] and creditors and their addresses, if
known. If the address is unknown to the petitioner, he shall state that fact in
the petition. [Where an address is unknown, notice must be served as
provided in the Nevada Rules of Civil Procedure.] The clerk shall set the
petition for hearing and the petitioner shall give notice for the period and
in the manner required by NRS 155.010.
Sec. 411. NRS 151.260 is hereby amended to read as follows:
151.260 Upon hearing the petition, if good cause is shown, the court
may:
1. Reopen the estate.
2. Order the administration of other property which has been
discovered.
3.
description of the estate previously administered.
[
after the reopening of an estate except as necessary to administer other
property which has been discovered or to correct errors made in the
description of the estate previously administered. Any orders
of the court made necessary by the reopening of the estate must be
designated as supplemental orders
.Sec. 412.
NRS 152.010 is hereby amended to read as follows: 152.010 [When] If two or more heirs [, devisees or legatees] or
devisees are entitled to the distribution of undivided interests in any [real or
personal] property of the decedent, and they have not agreed among
themselves, before distribution, to a partition, allotment or other division
thereof, any one or more of them or the [executor or administrator,]
personal representative,
at the request of any one or more of them, maypetition the court to make such partition, allotment or division of the
property as will be equitable and will avoid the distribution of undivided
interests.
Sec. 413. NRS 152.020 is hereby amended to read as follows:
152.020 Partition may be made as provided in this chapter, although
some of the original heirs
assigned or conveyed their share to other persons, and
the same manner as they would have been to the heirs
legatees] or devisees had they not transferred their shares.
Sec. 414. NRS 152.030 is hereby amended to read as follows:
152.030 1. [To secure such partition, any] A person interested in the
partition may file a petition stating the necessary facts, particularly
describing the property to be partitioned and the person or persons
interested in the property.
2. Upon filing the petition, a citation [shall] must issue to all persons
interested [who shall reside in this state, or their guardians, and to agents,
attorneys or guardians, if there be any in this state, or such as reside out of
this state,] to appear and show cause why [a decree] an order of partition
should not be made as [prayed for.] requested.
3. The citation
(a) The] must specify the estate and the party petitioning for partition.
[(b) The time and place for hearing the petition, not more than 20 days
from its date.]
4. The citation must be served
155.050 at least 10
days before the hearingcitation, or at such further time] or for such other period as the court may
[
5. Upon proof
been properly served
,the petition and the allegation and proofs of the respective parties, and
[
Sec. 415. NRS 152.040 is hereby amended to read as follows:
152.040 Before any partition
chapter, guardians
unborn or incapacitated
persons interested in the estate to be divided, andan attorney
other persons interested.
Sec. 416. NRS 152.050 is hereby amended to read as follows:
152.050 1.
personal property, the court
disinterested persons as commissioners for that purpose, who shall be
sworn by any person authorized to administer oaths to faithfully and
impartially discharge their duties.
2. A certified copy of the order appointing them, attached to a certified
copy of the
are entitled must be given to them as their warrant, and their oath must be
endorsed thereon.
3.
and partly personal, one of the three commissioners must be a
licensed professional land
surveyor.4. Upon consent of the parties, and
proper and just, the court may appoint one commissioner only, who has thesame authority and is governed by the same rules as if three were
appointed.
Sec. 417. NRS 152.060 is hereby amended to read as follows:
152.060 If the real property to be partitioned
counties, the court
,commissioners for each county, and, in
each county
estate to be partitioned
,unless otherwise directed by the court, make division of the real property
wherever situated in this state.
Sec. 418. NRS 152.070 is hereby amended to read as follows:
152.070 The commissioners shall notify all persons interested in the
partition, their guardians, agents or attorneys, of the time when they will
proceed to make partition,
appointment as circumstances will admit,] or the court, in the order of
appointment, may fix the time.
Sec. 419. NRS 152.090 is hereby amended to read as follows:
152.090 The several shares in the real and personal property [shall]
must be set out to each individual in proportion to his
real property by metes, bounds or such description that the
can be easily distinguished. If two or more of the parties request to have
their shares set out so as to be held in common and undivided,
shares may be so partitioned.
Sec. 420. NRS 152.100 is hereby amended to read as follows:
152.100
value than
be divided without injury to the
commissioners to any one of the parties
secure to be paid, to one or more of the others interested, such sum or sums
as the commissioners
commissioners shall make their award accordingly
shall] , but the partition may not be established by the court until the sums
so awarded [shall be] are paid to the parties entitled to [the same,] them, or
secured to their satisfaction.
Sec. 421. NRS 152.110 is hereby amended to read as follows:
152.110 1. [When] If it cannot otherwise be fairly divided, the whole
or any part of the property [, real or personal,] may be recommended by the
commissioners to be sold, and if the report [be] is confirmed, the court may
order a sale by the [executor or administrator] personal representative or
by a commissioner appointed for that purpose, and distribute the proceeds.
2. The sale [shall] must be conducted, reported upon and confirmed in
the same manner and under the same rules as in ordinary cases of sales of
[
personal property, as the case may be, by a personal representative under
chapter 148 of NRS.
Sec. 422.
NRS 152.120 is hereby amended to read as follows: 152.120 1. When partition of real property among heirs [, devisees or
legatees shall be] or devisees is required, and such real property [shall be]
is in common and undivided with the real property of any other person, the
commissioners shall first divide and sever the property of the [deceased]
decedent from the property in which it lies in common, and such division,
so made and established by the court, [shall be] is binding upon all the
interested
persons .2. The court may authorize the
representative
to bringnecessary.
Sec. 423. NRS 152.140 is hereby amended to read as follows:
152.140 1. The commissioners, within a reasonable time
have finished their work, shall make a report of their proceedings and of the
partition made by them, and file the same with the clerk of the court.] shall
file their report of partition.
2. Within 15 days after the report is filed any
person may file
specifying the grounds of objection. A copy of the
objection must
be served upon the commissioners and all parties interestedin the partition, their guardians, agents or attorneys
,notice to
[
filing of the
and for a new partition.
3. At the time specified, or at such other time as the court may
the court shall proceed to hear the objection to the report ,
exceptions,] and may hear proof by any party [,] and, for sufficient reasons,
the court may set aside the report and recommit the partition to the same
commissioners, or appoint others, or may modify or confirm the report.
4. If no [exceptions shall be] objection is filed to the report within the
time [above specified, the court, on the expiration of the 15 days, or at any
time thereafter, if] specified and the report appears to be just and correct
and all the proceedings regular, the court shall [confirm] enter an order
confirming the report . [, and when the report shall be finally confirmed the
decree of confirmation and the report shall be recorded by the clerk, and
the] The court shall order proper conveyance to be made by the respective
parties to one another, or may [, if for any reason necessary,] appoint a
commissioner to make [such] the conveyance or conveyances, which, when
acknowledged and recorded, [shall effectually pass the] is sufficient to
convey title.
Sec. 424. NRS 152.150 is hereby amended to read as follows:
152.150 [When any real] If particular property cannot be divided
without prejudice or inconvenience to the owners, the court may assign the
whole to one or more of the parties entitled to shares therein, who will
accept and pay to the other parties interested their just proportion of thetrue value thereof, or secure the same to their satisfaction [,] or, in case of
the minority or incapacity of [such] the other party or parties, to the
satisfaction of the guardian of [such] the minor or [minors.] incapacitated
person. The true value of the property [shall] must be ascertained and
reported by the commissioners or appraisers appointed specially for that
purpose.
Sec. 425. NRS 152.160 is hereby amended to read as follows:
152.160 The expenses of partition [shall] must be equitably
apportioned by the court among the parties, but each party must pay his
own attorney's fees [.] , unless otherwise ordered by the court for good
cause.
Sec. 426. NRS 152.170 is hereby amended to read as follows:
152.170 The allotment made by the court
proceedings for distribution, unless modified for good cause upon
reasonable notice, and the proceedings leading to
be reviewed upon appeal from the
Sec. 427. Chapter 153 of NRS is hereby amended by adding thereto
the provisions set forth as sections 428 and 429 of this act.
Sec. 428.
1. A trustee or beneficiary may petition the courtregarding any aspect of the affairs of the trust, including:
(a) Determining the existence of the trust;
(b) Determining the construction of the trust instrument;
(c) Determining the existence of an immunity, power, privilege, right
or duty;
(d) Determining the validity of a provision of the trust;
(e) Ascertaining beneficiaries and determining to whom property is to
pass or be delivered upon final or partial termination of the trust, to the
extent not provided in the trust instrument;
(f) Settling the accounts and reviewing the acts of the trustee,
including the exercise of discretionary powers;
(g) Instructing the trustee;
(h) Compelling the trustee to report information about the trust or
account, to the beneficiary;
(i) Granting powers to the trustee;
(j) Fixing or allowing payment of the trustee's compensation, or
reviewing the reasonableness of his compensation;
(k) Appointing or removing a trustee;
(l) Accepting the resignation of a trustee;
(m) Compelling redress of a breach of the trust;
(n) Approving or directing the modification or termination of the
trust;
(o) Approving or directing the combination or division of trusts; and
(p) Amending or conforming the trust instrument in the manner
required to qualify the estate of a decedent for the charitable estate tax
deduction under federal law, including the addition of mandatory
requirements for a charitable-remainder trust.
2. A petition under this section must state the grounds of the petitionand the name and address of each interested person, including the
attorney general if the petition relates to a charitable trust, and the relief
sought by the petition. Except as otherwise provided in this chapter, the
clerk shall set the petition for hearing and the petitioner shall give notice
for the period and in the manner provided in NRS 155.010. The court
may order such further notice to be given as may be proper.
Sec. 429.
The trustee may, upon petition of a beneficiary or theguardian of a beneficiary, be ordered to appear at a hearing and render
an account. The trustee must be served with a citation in the manner
provided in NRS 155.050. Unless otherwise ordered by the court, the
citation must be served at least 30 days before the day of the hearing. The
petition may not be denied unless an account has been filed with the
court within 1 year before the petition is filed.
Sec. 430.
NRS 153.010 is hereby amended to read as follows: 153.010 The provisions of [NRS 153.020, 153.030 and 153.040 shall]
this chapter govern fiduciaries acting under trusts, wills and court orders in
estate proceedings, whether the
or proceedings
are now pending .Sec. 431.
NRS 153.020 is hereby amended to read as follows: 153.020 [1. Where any] If a trust, life estate [,] or estate for years
[has been] is created by or under any will to continue after distribution, the
[
but
settle the accounts under the trusts, life tenancies, or estates for years and
for] until the distribution of the residue to those entitled to it. The
distribution may be upon petition of the trustee, his successor in interest, or
of any person entitled to share in the distribution. [The court may transfer
supervision of the trust to another court within or outside this state as
provided in NRS 164.130.
2. Any trustee of any trust created by any will, or appointed to execute
any trust created by any will, may, from time to time, pending the execution
of his trust, petition for the settlement of his accounts as trustee before the
district court in which the will was probated in the manner provided for the
settlement of the accounts of executors and administrators.
3. The trustee shall, for that purpose, present to the court a verified
petition setting forth the accounts in detail, with a report showing the
condition of the trust estate and his verified statement giving names and
post office addresses, if known, of the beneficiaries. Upon the filing
thereof, the clerk shall fix a day for the hearing and the trustee shall give
notice of the hearing in the manner prescribed by NRS 155.010. The notice
must set forth the name of the trust estate, the trustee, and the day
appointed for the settlement of the account. The court, or a judge thereof,
may order such further notice to be given as may be proper.
4. The trustee of any trust created by a will or appointed to execute any
trust created by a will shall, at the termination of the trust, petition for the
settlement of his accounts as trustee in the manner provided in chapter 165
of NRS.]
Sec. 432. NRS 153.050 is hereby amended to read as follows:
153.050 1.
instrument creating a life estate
required to account for
estate,
then the provisions of this chapter concerning accounting by atrustee
death, to
2.
upon the tenant, nevertheless such of the provisions of this chapter as apply
to accounting by
trustee
apply to therepresentatives
of the tenant, to the extent of determining the residue of theestate.
Sec. 433. NRS 153.060 is hereby amended to read as follows:
153.060
residue of the trust estate, estate for life
entitled thereto
hearing and the petitioner shall give
notice of the hearingshall be given for the time] for the period and in the manner provided in
NRS [151.090 upon petitions for distribution.] 155.010.
Sec. 434. NRS 153.080 is hereby amended to read as follows:
153.080
this chapter, when it becomes final,
interested
persons ,being.
Sec. 435. NRS 153.090 is hereby amended to read as follows:
153.090 1.
may, at any time before distribution of any of the estate to him, decline to
act as trustee, and an order of court
entered
accepting the resignation ,has qualified as trustee
same shall be in writing and filed in the matter of the estate in the court in
which the administration is pending, and notice shall be given thereof, as is
required upon a petition for letters of administration.] a petition to accept
the declination is filed in the proceeding for administration of the estate.
Upon the filing of the petition, the clerk shall set it for hearing and the
petitioner shall give notice to all interested persons for the period and in
the manner provided in NRS 155.010.
2. In accepting a declination
, the court mayany order which may be necessary for the preservation of the estate.
Sec. 436. NRS 153.100 is hereby amended to read as follows:
153.100 1. The court in which the administration is pending
have power,] may, at any time before final distribution [, to appoint some
fit and proper] of the trust, appoint a qualified person to fill [any] a
vacancy in the office of trustee under the will, whether resulting from
death,
declination, resignation, removal or otherwise, if the appointment isnecessary to carry out the trust.
A person who is named in the will to fillthe vacancy has priority for appointment.
2. The appointment may be made by the court upon the
application of any person interested in the trust, filed in the probate
proceedings, and shall be made only after notice to all parties interested in
the trust given as required upon a petition for the probate of a will.] petition
of an interested person. Upon the filing of the petition, the clerk shall set
it for hearing and the petitioner shall give notice to all interested persons
for the period and in the manner provided in NRS 155.010.
3. The court may appoint a temporary trustee without notice if
necessary to preserve the trust estate.
Sec. 437. NRS 153.120 is hereby amended to read as follows:
153.120 The court may
person appointed
acting as a trustee, to give a bond as is required of a
administrator.] personal representative. If a bond is required , the trustee
[
Sec. 438. Chapter 154 of NRS is hereby amended by adding thereto a
new section to read as follows:
If a personal representative, on order of the court, pays over or delivers
to the state treasurer property which has become escheatable to the state,
the receipt or certificate of the state treasurer evidencing the payment or
delivery must be filed with the clerk of the district court in the county in
which the estate is being administered or is located. Upon the filing of the
receipt or certificate, the personal representative is released from all
further liability relating to the property.
Sec. 439.
NRS 154.010 is hereby amended to read as follows: 154.010 [Estates shall escheat to and be] An estate escheats to and is
vested in the State of Nevada for educational purposes if any person dies or
has died, within this state, seised of any real or personal estate, and leaving
no heirs, representatives [, devisees or legatees] or devisees capable of
inheriting or holding the [same,] estate, and in all cases where there is no
owner of [such] the estate capable of holding [the same.] it. Any balance
remaining in a retired employee's or beneficiary's individual account under
the public employees' retirement system is not an estate within the meaning
of this chapter.
Sec. 440. NRS 154.020 is hereby amended to read as follows:
154.020 1. [Whenever] If the attorney general [shall be informed, or
shall have] is informed, or has reason to believe, that any real or personal
[
other reason, become escheatable,
information
where
2. The information
(a) A description of the
(b) The name of the person last lawfully seised.
(c) The name of the
claiming the
(d) The facts and circumstances
claimed to have become escheated.] giving rise to the claim for
escheatment.
3. The information
of Nevada has by law right to
Sec. 441.
NRS 154.030 is hereby amended to read as follows:154.030 1. Upon the filing of the information, the court shall order
that a citation be issued to the person or persons [and bodies politic or
corporate] alleged in the information to hold, possess or claim the [estate,]
property,
requiring them to appear and show cause why theproperty
should not vest in the State of Nevada.the court otherwise orders, the citation must
be made returnablethe time allowed by law in other civil actions.] at least 20 days after its
service.
2. The court may also, if deemed advisable, order the citation to be
published in a newspaper published in the county
administration is pending,
if any ,in this state.
Sec. 442. NRS 154.040 is hereby amended to read as follows:
154.040 1. After the filing of an information as provided in NRS
154.020, and upon
or after answer, upon notice to the person or persons
holding, possessingor
claiming thesufficient cause therefor being shown, appoint a receiver to take charge of
the real estate or personal property, other than money, mentioned in the
information, and receive the rents and profits of the
the title of the property
2. The receiver shall, before entering upon his duties, execute a bond to
the State of Nevada in a sum to be fixed by the court, with sureties to be
approved by the
of the trust and to account fully to the person finally
to be entitled to the property.
on the bond for any default or damage.
Sec. 443. NRS 154.060 is hereby amended to read as follows:
154.060 1. All persons
the information
plead to the proceedings, and may traverse or deny the facts stated in theinformation
at any time on or before the return day of the citation.
2. Any other person claiming an interest in the
appear and be made a defendant, and plead as stated in subsection 1 by
[
time allowed for pleading.
3. If any person
in subsections 1 and 2, denying the title
[
issues of fact to be made up, the matter
actions on issues of fact.
4. A survey may be ordered, as in other civil actions,
boundary is called into question.
Sec. 444. NRS 154.080 is hereby amended to read as follows:
154.080 1. Upon any judgment
of competent jurisdiction, escheating real property to the state, on
petition
of the attorney general, or onadministrator having charge] petition of a personal representative of the
estate, the court shall, or the court may upon its own motion, [make] enter
an order that the real property be sold by the sheriff of the county where the
property is situated, at public sale, after giving notice of the time and place
of sale as is provided in cases of sale of property under execution.
2. The sheriff shall, within 10 days after the sale,
report thereof to the court. Upon the hearing of the report
, the court mayexamine the report and any witnesses, and if the proceedings were unfair,
or the sum bid is disproportionate to the value of the property sold, or if it
appears that a sum exceeding the bid by at least
obtained, the court may vacate the sale and direct another sale to be
conducted in all respects as if no previous sale had taken place.
3. If an offer of
report is made to the court in writing by a responsible person, the court may
accept that offer and confirm the sale, or order a new sale.
4. If it appears to the court that the sale was legally made and fairly
conducted, and that the sum bid is not disproportionate to the value of the
property sold, and that a sum in excess of
than
the bid cannot be obtained, orthe court, the court shall
directing the sheriff, in the name of the state, to execute to the purchaser a
conveyance of the property sold. The conveyance vests in the purchaser all
[
5. The sheriff shall, out of the proceeds of the sale, pay the costs of the
proceedings incurred on behalf of the state, including the expenses of
making the sale, and also an attorney's fee, if additional counsel was
employed in the proceedings, to be fixed by the court
.percent of the amount of the sale.] The sheriff shall deposit the remaining
proceeds in the state treasury for credit to the fund for escheated estates. Sec. 445. NRS 154.105 is hereby amended to read as follows:
154.105 1. The state treasurer may sell at a public sale [personal]
property in
the state. The state treasurer shall cause public notice of the sale to be
given. Any money received from the sale must be deposited in the state
treasury for credit to the fund for escheated estates.
2. The
representative
of an estate shall sell anytransmit the proceeds of the sale to the state treasurer for credit to the fund
for escheated estates unless the state treasurer authorizes transmittal of the
property.
Sec. 446. NRS 154.120 is hereby amended to read as follows:
154.120 1. If, within 6 years after any judgment escheating property
to the state, any person claims any money or
vested in the state by the judgment, the person may file a petition in the
district court of Carson City, stating the nature of the claim, with an
appropriate
2. A copy of the petition must be served upon the attorney general
before or at the time of filing. Within 20 days after service, the attorney
general shall appear in the proceeding and plead or answer the petition. If,
after examining all the facts, the attorney general is convinced that the state
has no legal defense against the petition,
with the consent of the court, confess judgment on behalf of the state.
3. If judgment is not confessed, the petition is at issue on the 20th day
after its filing, and may be heard by the court on that day, or at such future
day as the court may order.
4. Upon the hearing, the court shall examine the claim and hear the
allegations and evidence. If the court finds that the person is entitled to any
money
, it shall, by judgment, order the state controller to draw his warrantin favor of the claimant upon the state treasurer for the sum specified in the
order, but without interest, income or cost of any kind to the state. A
certified copy of the judgment and order directing the state controller to
draw
5. If any
court finds the claimant entitled to it, the court shall
order
accordingly. Theto the property, but no interest, income or other cost of any kind may be
taxed against the state.
6. If any
chapter after the judgment of
to the proceeds of the sale less the cost of the sale without any interest,
income or other cost to the state of any kind, in lieu of the
property, and the court shall
7. All persons, except
and incapacitated persons
who fail to appear and file their petitions withinthe time limited in subsection 1, are barred forever.
appear and file their petitions at any time within 5 years after their
respective disabilities are removed.
Sec. 447. NRS 154.150 is hereby amended to read as follows:
154.150 1. A person desiring to acquire title to any individual item or
by
conservation and natural resources on forms obtainable at his office and in
the manner described in NRS 154.150 to 154.180, inclusive.
2.
outside of approved townsites
for a parcel of land less than the smallest legal subdivision (40 acres) unless
the area in its entirety is less than 40 acres. In such
a case , that portion ofthe subdivision
[
department of conservation and natural resources, it is found that the
remaining portion could be disposed of within a reasonable length of time,
and would not become an isolated tract. He
application for a portion of the tract,
is
made and a plat submitted on tracing cloth32 inches,
on whichdescription of the property
corner of the property tied to a point on the United States public land
surveys.
Sec. 448. NRS 154.160 is hereby amended to read as follows:
154.160 The
1. The purchase price in the amount of the
offer for the real
2. A sufficient sum to cover the cost of advertising.
3.
Sec. 449. NRS 154.170 is hereby amended to read as follows:
154.170 1. The director of the state department of conservation and
natural resources shall issue a receipt to the
amount deposited in his trust and shall without any unnecessary delay cause
notice of the
(a) By posting one of the notices in a conspicuous place in the office of
the director of the state department of conservation and natural resources.
(b) By posting one of the notices at a conspicuous place at the property.
(c) By publishing a notice in a newspaper in the county in which the
for 4 consecutive weeks prior to the date of sale.
2. The notice
(a) The name of the deceased owner in which was vested the title before
death, if known.
(b) A description of the property as contained in the
petition.
(c) The amount of the offer contained in the(d) A statement that the property will be sold to the highest bidder,
specifying the time and place of the sale and that the transaction must be
handled in legal tender of the United States or a certified check.
3. The director of the state department of conservation and natural
resources
Sec. 450. NRS 154.180 is hereby amended to read as follows:
154.180 The person to whom the title passes
cost of advertising and the application fee. When the title passes to a person
other than the person who made the
[
him.
Sec. 451. Chapter 155 of NRS is hereby amended by adding thereto
the provisions set forth as sections 452 to 455, inclusive, of this act.
Sec. 452.
If a petition, notice, objection, consent, waiver or otherpaper may be filed, a true and correct facsimile of it may be filed, if the
original is filed within a reasonable time.
Sec. 453.
In accordance with the provisions of NRS 33.010 and theNevada Rules of Civil Procedure, and upon such terms and conditions as
the court deems just and appropriate, the court may issue a temporary
restraining order or an injunction to preserve and protect assets of the
estate or trust.
Sec. 454.
Unless otherwise ordered by the court, an appeal pursuantto NRS 155.190 does not stay any order or proceeding in the estate or
trust. The court may grant a stay, pending the appeal, of an order from
which the appeal was taken, upon such bond, undertaking or conditions
as it deems just or appropriate.
Sec. 455.
1. If through inadvertence or mistake an order enteredfails to state correctly the order made by the court, and the inadvertence
or mistake is brought to the attention of the court by petition or the court
acts on its own motion, the court may enter an order nunc pro tunc
correcting the previous order.
2. The order nunc pro tunc must be in the form of an amended order
and bear the caption "Amended Order of ....." The body of the amended
order must be identical to the order being corrected, except for the
correction, and conclude with language substantially as follows: "This is
an order nunc pro tunc correcting the previous order of .... dated ....."
3. If the order to be amended is many pages in length, the court may
cause to be filed a document captioned "Amendment to Order of ...."
which addresses only the correction, together with sufficient language to
identify the correction, and concludes with the same language as an
amended order. Such an amendment to an order must be accompanied
by a verified petition, or an affidavit of counsel, specifying the reasons
for the correction.
4. The original order may not be physically changed, but must be
used in conjunction with the order nunc pro tunc correcting it. Inmaking corrections in the amendment document a complete clause or
sentence must be stricken and replaced, even if the only change is to
correct a single word or figure.
Sec. 456.
NRS 155.010 is hereby amended to read as follows:155.010 1. Except as otherwise provided in a specific statute relating
to the kind of notice required or otherwise ordered by the court in a
particular instance, a petitioner shall cause notice of the time and place of
the hearing of a petition to be given to [a] each interested person and to
every other person entitled to notice pursuant to this Title or his attorney if
he has appeared by attorney or requested that notice be sent to his attorney.
Notice must be given:
(a) By mailing a copy thereof at least 10 days before the time set for the
hearing by certified, registered or ordinary first-class mail addressed to the
person being notified at the post office address given in his demand for
notice, if any, or at his office or place of residence, if known, or by
personally delivering a copy thereof to the person being notified at least 10
days before the time set for the hearing; or
(b) If the address or identity of the person is not known and cannot be
ascertained with reasonable diligence, by publishing at least once a week
for 3 consecutive weeks a copy thereof in a newspaper having general
circulation in the county where the hearing is to be held, the last publication
of which must be at least 10 days before the date set for the hearing.
2. The court, for good cause shown, may provide for a different
method or time of giving notice for any hearing [.] , or may dispense with
the notice otherwise required to be given to a person under this Title.
3. Proof of the giving of notice must be made on or before the hearing
and filed in the proceeding.
4. A person entitled to notice may, in writing, waive notice of the
hearing of a petition.
Sec. 457. NRS 155.020 is hereby amended to read as follows:
155.020 1. Notice of a petition for the probate of a will and the
issuance of letters
notice to creditors must be given to:
(a) The persons respectively entitled thereto, including the state welfare
administrator, as provided in NRS 155.010; and
(b) The public, including creditors whose names and addresses are not
readily ascertainable, by publication on three dates of publication before
the hearing, and if the newspaper is published more than once each week
,there must be at least 10 days from the first to last dates of publication,
including both the first and last days.
2. Every publication required by this section must be made in a
newspaper
pending, but if there is not such a newspaper, then in one having general
circulation in that county.
3. The notice of the hearing upon the petition to administer the estate
must be in substantially the following form:NOTICE OF THE HEARING UPON THE PETITION TO
ADMINISTER THE ESTATE
Notice is hereby given that ................................ has filed in this court a
petition for the probate of a will and for letters testamentary, or for letters
of administration, of the estate of ................................, deceased, and a
hearing has been set for the .......... day of ................, 19......, at .......... (a.m.
or p.m.) at the courthouse of the above-entitled court. All persons interested
in the estate are notified to appear and show cause why the petition should
not be granted.
Dated
4. As soon as practicable after appointment,
administrator] a personal representative shall, in addition to publishing the
notice to creditors, mail a copy of the notice to those creditors whose names
and addresses are readily ascertainable as of the date of first publication of
the notice and who have not already filed a claim. The notice must be in
substantially the following form:
NOTICE TO CREDITORS
Notice is hereby given that the undersigned has been appointed and
qualified by the (giving the title of the court and the date of appointment) as
[
the estate of ................................, deceased. All creditors having claims
against the estate are required to file the claims with the clerk of the court
within .......... (60 or 90) days after the mailing or the first publication (as
the case may be) of this notice.
Dated
5. If before the last day for the filing of a creditor's claim under NRS
147.040, the personal representative discovers the existence of a creditor
who was not readily ascertainable at the time of first publication of the
notice to creditors, the personal representative shall immediately mail a
copy of the notice to the creditor.
Sec. 458.
NRS 155.030 is hereby amended to read as follows: 155.030 1. At any time after the issuance of letters [testamentary or
letters of administration upon] in the estate of [any decedent, any person
interested in the estate or the property thereof, or the attorney for that
person,] a decedent, an interested person or his attorney may serve upon
the [executor or administrator or upon the attorney for the executor or
administrator,] personal representative or his attorney, and file with the
clerk of the court wherein administration of the estate is pending, a written
request stating that he desires special notice and a copy of any [of the
following matters,] further filings, steps or proceedings in the
administration of the estate . [:
(a) Filing of returns of sales, leases or mortgages of any property of the
estate, and for confirmation thereof. (b) Filing of accounts.
(c) Filing of petitions for any purpose.
(d) Filing of reports explaining why estates have not been closed.]
2. The request must state the post office address of the
requester or his attorney, and thereafter a brief notice of the filing of any
[
together with a copy of the filing,
must be addressed to that person or hisattorney, at his stated
United States Postal Service with the postage thereon prepaid, within 2
days after
personal service of
his attorney within the 2 days, and the personal service is equivalent to
deposit in the post office, and proof of mailing or of personal service must
be filed with the clerk before the hearing of the
account.] proceeding.
3. If, upon the hearing, it appears to the satisfaction of the court that
the notice has been regularly given, the court shall so find in its order
judgment and the judgment] and the order is final and conclusive upon all
persons.
4. An interested person in a testamentary trust or its property, or the
attorney for that person, may serve upon the trustee or his attorney, and
file with the clerk of the court wherein administration of the trust is
pending, a written request stating that he desires notice of the filing of
accounts and petitions in connection with the trust. The provisions of
subsections 2 and 3 apply to such a request.
5. On the filing of an inventory or a supplementary inventory, the
personal representative shall mail a copy to each person who has
requested special notice.
Sec. 459.
NRS 155.040 is hereby amended to read as follows: 155.040 [Whenever] If personal notice is required by this Title to be
given to any person in the matter of an estate [,] or testamentary trust, and
no other mode of giving notice is prescribed, it [shall] must be given by
citation [, which shall be] issued by the clerk [, under the seal of the court,]
and directed to the person to be served, and [commanding] must command
the person to appear before the court
time and place to be named in the citation. The nature or character of the
proceedings
and a copy of the petition, if any, must be attached.
Sec. 460.
NRS 155.060 is hereby amended to read as follows: 155.060 [When] If no other time is specially prescribed, a citation
[shall] must be served at least [2] 10 days before the [return day.] day of
the hearing, but the court may, for good cause shown, shorten the time to
no less than 1 full judicial day before the day of the hearing.
Sec. 461. NRS 155.070 is hereby amended to read as follows:
155.070
publication must
be made daily, or otherwise, as often during theprescribed period as the newspaper is regularly issued, unless otherwiseprovided in this Title. The court
,less number of] less publications during the period for publication, and the
court [or judge] may, for good cause shown, extend or shorten any of the
times prescribed in this Title.
Sec. 462. NRS 155.080 is hereby amended to read as follows:
155.080 All proofs of publication or other mode or modes of giving
notice or serving papers may be made by the certificate or affidavit of any
person competent to be a witness . [, which] The certificate or affidavit
must be filed, and constitutes prima facie evidence of publication or service
. [, as the case may be.] Proof of service may also be made [by any means]
in any manner
permitted by the Nevada Rules of Civil Procedure.Sec. 463. NRS 155.090 is hereby amended to read as follows:
155.090 All notices required to be given by this Title may be given by
the clerk of the court without an order from the
and, when so given, for the time and in the manner required by law, they
[
judge.] the court. If use of a citation is authorized or required by statute,
the citation may be issued by the clerk of the court on the request of a
party or his attorney, without a court order, unless an order is expressly
required by the statute.
Sec. 464. NRS 155.110 is hereby amended to read as follows:
155.110 1. A transcript from the minutes of court, or a copy of the
signed order of the court, showing the appointment of any person as
[
certificate of the clerk
that the
person has given bond , if required, and has been qualified, andthat letters
him, and have not been revoked,
evidence as the letters themselves.
2. A copy of the letters, with like certificate,
effect.
Sec. 465. NRS 155.120 is hereby amended to read as follows:
155.120
apart a homestead, a certified copy of the
in the office of the county recorder of the county where the property is
located.
Sec. 466. NRS 155.140 is hereby amended to read as follows:
155.140
1. In a proceeding involving the estate of a decedent or a
testamentary trust:
(a) Interests to be affected must be described in pleadings that give
reasonable information to owners by name or class, by reference to the
instrument creating the interest or in another appropriate manner.
(b) An order binding the sole holder or all co-holders of a power of
revocation or presently exercisable general power of appointment,
including a power of amendment, binds other persons to the extent their
interests, as objects, takers in default or otherwise, are subject to the
power.
(c) To the extent there is no conflict of interest between them or
among persons represented:
(1) An order binding a guardian of the estate binds the person
whose estate he controls.
(2) An order binding a guardian of the person binds the ward if no
separate guardian of his estate has been appointed.
(3) An order binding a trustee binds beneficiaries of the trust in a
proceeding to probate a will establishing or adding to the trust, to review
the acts or accounts of a previous fiduciary, or involving creditors or
other third parties.
(4) An order binding a personal representative binds persons
interested in the undistributed assets of the estate of a decedent in an
action or proceeding by or against the estate.
(d) If there is no conflict of interest and no guardian of the estate has
been appointed, a parent may represent his minor child.
(e) An unborn or unascertained person who is not otherwise
represented is bound by an order to the extent his interest is adequately
represented by another person having a substantially identical interest in
the proceeding.
(f) Notice as prescribed by this Title must be given to every interested
person or to one who can bind an interested person under subsection (b),
(c) or (d). Notice may be given both to a person and to another who can
bind him.
(g) Notice is given to unborn or unascertained persons who are not
represented under subsection (b), (c) or (d) by giving notice to all known
persons whose interest in the proceeding is substantially identical to that
of the unborn or unascertained persons.
(h) At any stage of a proceeding, the court may appoint a guardian ad
litem or an attorney to represent the interest of a minor, an incapacitated,
unborn or unascertained person, or a persona whose identity or address
is unknown, if the court determines that representation of the interest
would otherwise be inadequate. If not precluded by conflict of interest, a
guardian ad litem or an attorney may be appointed to represent several
persons or interests. The court shall set out its reasons for appointing a
guardian ad litem or an attorney as a part of the record of the
proceeding.
2. If
an attorney has been appointed for minors orthe estate, such] other interested persons, the attorney, until another may
be appointed, shall represent the person or persons for whom he has been
appointed in all subsequent proceedings.
Sec. 467. NRS 155.150 is hereby amended to read as follows:
155.150 1. All issues of fact in matters of an estate [shall] must be
disposed of in the same manner as is by law provided upon the trial of
issues of fact in a common law action [.] , but all matters must be tried by
the court except as otherwise provided in NRS 137.020.
2. All questions of cost may be determined by the court, and execution
may issue therefor in accordance with the order of the court.
Sec. 468. NRS 155.160 is hereby amended to read as follows:
155.160
1. An interested person may appear and make a responseor objection in writing at or before the hearing.
2. An interested person may appear and make a response or
objection orally at the hearing. The court may hear and determine the
response or objection at the hearing or grant a continuance to allow the
response or objection to be made in writing.
3.
If the court is not in session at the time set for the hearing of anymatter concerning the settlement of the
of a decedent,
anyone opposing thefile objections thereto with the clerk.
Sec. 469. NRS 155.170 is hereby amended to read as follows:
155.170 The testimony of a witness or witnesses in other counties of
this state, or in other
States,
or in foreign countries, may be taken by deposition as provided inthe Nevada Rules of Civil Procedure.
no cross-interrogatories shall be necessary.]
Sec. 470. NRS 155.180 is hereby amended to read as follows:
155.180
Title, all the provisions of law and the Nevada Rules of Civil Procedure
regulating proceedings in civil cases apply in matters of
when appropriate, or
provisions of this Title.
The Nevada Rules of Appellate Procedureregulating appeals in civil cases apply to appeals taken pursuant to NRS
155.190.
Sec. 471.
NRS 155.190 is hereby amended to read as follows: 155.190 In addition to any order [or decree] from which an appeal is
expressly permitted by this Title, an appeal may be taken to the supreme
court within 30 days after its entry [,] from an order : [or decree:]
1. Granting or revoking letters testamentary or letters of administration.
2. Admitting a will to probate or revoking the probate thereof.
3. Setting aside an estate claimed not to exceed $50,000 in value.
4. Setting apart property as a homestead, or claimed to be exempt from
execution.
5. Granting or modifying a family allowance.
6. Directing or authorizing the sale or conveyance or confirming the
sale of property.
7. Settling an account of
representative
or trustee. 8. Instructing or appointing a trustee.9. Instructing or directing
representative.
10. Directing or allowing the payment of a debt, claim,
or attorney's fee.
11. Determining heirship or the persons to whom distribution must be
made or trust property must pass.
12. Distributing property.
13. Refusing to make any order mentioned in this section or any
decision wherein the amount in controversy equals or exceeds, exclusive of
costs,
14. Granting or denying a motion to enforce the liability of a surety
filed pursuant to NRS 142.035.
15. Granting an order for conveyance or transfer pursuant to section
332 of this act.
Sec. 472.
NRS 155.200 is hereby amended to read as follows: 155.200 An appeal by [an executor or administrator] a personal
representative who has given an official bond as provided in this Title
[
Sec. 473. NRS 155.210 is hereby amended to read as follows:
155.210 1. Upon an appeal, the
its discretion,] reverse, affirm or modify the [judgment, order or decree]
order
appealed from, and as to any or all of the parties, and order aremittitur as in other cases, and may order costs to be paid by any party to
the proceeding, or out of the estate, as justice may require.
2. Execution for costs may issue out of the district court.
Sec. 474. NRS 155.220 is hereby amended to read as follows:
155.220
administrator shall be] appointing a personal representative is reversed on
appeal, all lawful acts in administration [upon] of the estate performed by
[
as valid as if
Sec. 475. NRS 159.179 is hereby amended to read as follows:
159.179 1.
estate or special guardian who is authorized to manage the ward's property
[
(a) The period
(b) All cash receipts and disbursements during the period covered by the
account.
(c) All claims filed and the action taken thereon.
(d) Any changes in the ward's property due to sales, exchanges,
investments, acquisitions, gifts, mortgages or other transactions which have
increased, decreased or altered the ward's property holdings as reported in
the original inventory or the preceding account.
(e) Such other information as the guardian considers necessary to show
the condition of the affairs of the ward. 2. If the account is for the estates of two or more wards it must show
the interest of each ward in the receipts, disbursements and property.
3. Receipts or vouchers for all expenditures must be
account or produced at the hearing, unless excused by law or by the court.
The court may dispense with the necessity of filing receipts or vouchers
under the same circumstances] retained for examination under the
procedures provided [for] in NRS 150.150.
Sec. 476. Chapter 163 of NRS is hereby amended by adding thereto
the provisions set forth as sections 477 to 483, inclusive, of this act.
Sec. 477. Except as otherwise specifically provided in the trust
instrument, a person who holds a power to appoint or distribute income
or principal to or for the benefit of others, individually or as trustee, may
not use the power to discharge his legal obligations.
Sec. 478.
1. If a trustee commits or threatens to commit a breachof trust, a beneficiary or cotrustee of the trust may maintain a proceeding
for any of the following purposes that is appropriate:
(a) To compel the trustee to perform his duties.
(b) To enjoin the trustee from committing the breach of trust.
(c) To compel the trustee to redress the breach of trust by payment of
money or otherwise.
(d) To appoint a receiver or temporary trustee to take possession of the
trust property and administer the trust.
(e) To remove the trustee.
(f) To set aside acts of the trustee.
(g) To reduce or deny compensation of the trustee.
(h) To impose an equitable lien or a constructive trust on trust
property.
(i) To trace trust property that has been wrongfully disposed of and
recover the property or its proceeds.
2. The provision of remedies in subsection 1 does not preclude resort
to any other appropriate remedy provided by statute or common law.
3. A proceeding under this section must be commenced by filing a
petition under NRS 164.010 and section 512 of this act.
Sec. 479.
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 purpose of the trust, but the court may not
grant a power expressly prohibited by the trust instrument.
Sec. 480.
A third person who acts in good faith is not bound toensure the proper application of trust property paid or delivered to a
trustee.
Sec. 481.
Upon such terms and conditions as are just and proper,the court may order termination and distribution of a trust before the
time provided in the trust instrument, if administration or continued
administration of the trust is no longer feasible or economical. A petition
for such an order may be filed by an interested person under NRS
164.010 and section 512 of this act.
Sec. 482. 1. Except as otherwise provided in subsection 2 or in thetrust, a trustee may distribute property and money:
(a) In divided or undivided interests; and
(b) With or without proration.
2. Each affected beneficiary must consent before property or money
is distributed without proration, unless the trust specifically authorizes
the trustee to make that distribution.
Sec. 483.
1. A trust may refer to a written statement or list todispose of items of tangible personal property not otherwise specifically
disposed of by the trust, other than money, evidences of indebtedness,
documents of title, securities and property used in a trade or business.
2. To be admissible as evidence of the intended disposition, the
statement or list must contain:
(a) The date of its execution.
(b) A title indicating its purpose.
(c) A reference to the trust to which it relates.
(d) A reasonably certain description of the items to be disposed of and
the beneficiaries.
(e) The signature of the settlor.
3. The statement or list may be:
(a) Referred to as a writing to be in existence at the death of the
settlor.
(b) Prepared before or after the execution of the trust instrument.
(c) Altered by the settlor after its preparation.
(d) A writing which has no significance apart from its affect upon the
dispositions made by the trust.
Sec. 484.
NRS 163.003 is hereby amended to read as follows:163.003 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 provided in NRS
163.230.
Sec. 485. NRS 163.010 is hereby amended to read as follows:
163.010 NRS 163.010 to
as the Uniform Trusts Act.
Sec. 486. NRS 163.020 is hereby amended to read as follows:
163.020 As used in NRS 163.010 to
unless the context or subject matter otherwise requires:
1. "Affiliate" means any person directly or indirectly controlling or
controlled by another person, or any person under direct or indirect
common control with another person. It includes any person with whom a
trustee has an express or implied agreement regarding the purchase of trust
investments by each from the other, directly or indirectly, except a broker
or stock exchange.
2. "Relative" means a spouse, ancestor, descendant, brother or sister.
3. "Trust" means an express trust only
. 4. "Trustee" means the person holding property in trust and includes
trustees, a corporate as well as a natural person and a successor or
substitute trustee.
Sec. 487. NRS 163.050 is hereby amended to read as follows:
163.050 No trustee
property for the trust from or to itself or an affiliate
,director, officer
or from or to a relative, employer, partner
a trustee, except with the
prior approval of thejurisdiction of the trust estate
.Sec. 488.
NRS 163.060 is hereby amended to read as follows: 163.060 1. Except as otherwise provided in subsection 2 [,] or
authorized by the trust instrument, a trustee shall not as trustee of one trust
sell property to itself as trustee of another trust except with the approval of
the [district] court having jurisdiction of the trust estate . [and of the
accounting thereof.]
2. A bank or other corporate trustee which is subject to regulation by
state or federal authorities may sell a security which is listed on a regulated
stock exchange or sold over the counter by the National Association of
Securities Dealers and is held by it as fiduciary in one account to itself as
fiduciary in another account if the transaction is fair to the beneficiaries of
both accounts and is not otherwise expressly prohibited by a particular
statute.
Sec. 489. NRS 163.070 is hereby amended to read as follows:
163.070
or order of the court, a
corporate trustee shall not purchase for a trustshares of its own stock, or its bonds or other securities, or the stock, bonds
or other securities of an affiliate.
Sec. 490. NRS 163.100 is hereby amended to read as follows:
163.100 Unless it is otherwise provided by the trust instrument
amendment thereof,] or by court order, all powers of a trustee [shall be] are
attached to the office and
Sec. 491. NRS 163.110 is hereby amended to read as follows:
163.110 1. Unless it is otherwise provided by the trust instrument
or an amendment thereof,] or by court order, any power vested in three or
more trustees may be exercised by a majority of [such trustees; but no] the
trustees. A trustee who has not joined in exercising a power [shall be] is
not liable to the beneficiaries or to others for the consequences of [such
exercise, nor shall] the exercise of power and a dissenting trustee [be] is
not liable for the consequences of an act in which [he joins] that trustee
joined at the direction of the majority trustees, if he expressed his dissent in
writing to any of his cotrustees at or before the time of [such] the joinder.
2. [Nothing in this section shall] This section does not excuse a
cotrustee from liability for inactivity in the administration of the trust nor
for failure to attempt to prevent a breach of trust. 3. Except as otherwise authorized in the trust instrument or by order
of the court, a power vested in two trustees may only be exercised by
unanimous action.
4. If the trustees cannot exercise a power vested in them in a manner
permitted by this section, an interested person may petition the court for
appropriate instructions pursuant to NRS 164.010 and section 512 of this
act.
Sec. 492. NRS 163.120 is hereby amended to read as follows:
163.120 1.
his powers as trustee, or a predecessor trustee shall have made such a
contract, and a cause of action shall arise thereon, the party in whose favor
the cause of action has accrued may sue the trustee in his representative
capacity, and any judgment rendered in such action in favor of the plaintiff
shall be collectible out of the trust property. In such an action the plaintiff
need not prove that the trustee could have secured reimbursement from the
trust fund if he had paid the plaintiff's claim.
2. No judgment shall be rendered] A claim based on a contract
entered into by a trustee in the capacity of representative, or on an
obligation arising from ownership or control of trust property, may be
asserted against the trust by proceeding against the trustee in the capacity
of representative, whether or not the trustee is personally liable on the
claim.
2. A judgment may not be entered in favor of the plaintiff in [such]
the action unless
beginning of such] filing the action, or within 30 days after the filing of a
report of an early case conference if one is required, whichever is longer,
or within such other time as the court may fix, and more than 30 days
to] before obtaining the judgment, [he] the plaintiff notified each of the
beneficiaries known to the trustee who then had a present interest, or in the
case of a charitable trust , the attorney general and any corporation which is
a beneficiary or agency in the performance of [such] the charitable trust, of
the existence and nature of the action. [Such notice shall] The notice must
be given by mailing copies
parties to be notified] to the beneficiaries at their last known addresses.
The trustee shall furnish the plaintiff a list of the [parties] beneficiaries to
be notified, and their addresses, within 10 days after written demand
therefor, and notification of the persons on [such list shall constitute] the
list constitutes compliance with the duty placed on the plaintiff by this
section. Any beneficiary, or in the case of charitable trusts the attorney
general and any corporation which is a beneficiary or agency in the
performance of [such] the charitable trust, may intervene in [such] the
action and contest the right of the plaintiff to recover.
3.
personally liable on such contract, if the contract does not exclude such
personal liability.] Except as otherwise provided in this chapter or in the
contract, a trustee is not personally liable on a contract properly enteredinto in the capacity of representative in the course of administration of
the trust unless the trustee fails to reveal the representative capacity or
identify the trust in the contract. The addition of the word "trustee" or the
words "as trustee" after the signature of a trustee to a contract [shall be
deemed] are prima facie evidence of an intent to exclude the trustee from
personal liability.
Sec. 493. NRS 163.140 is hereby amended to read as follows:
163.140 1. [Where] If a trustee or his predecessor has [incurred
personal liability for a tort] committed a tort in the course of his
administration [,] of the trust, the trustee in [his representative] the
capacity of representative may be sued and collection had from the trust
property, if the court [shall determine in such] determines in the action
that:
(a) The tort was a common incident of the kind of business activity in
which the trustee or his predecessor was properly engaged for the trust; [or]
(b) That, although the tort was not a common incident of such activity,
neither the trustee nor his predecessor, nor any officer or employee of the
trustee or his predecessor, was guilty of personal fault in incurring the
liability; or
(c) That, although the tort did not fall within
above,] paragraph (a) or (b), it increased the value of the trust property.
If the tort is within [paragraphs (a) or (b) above,] paragraph (a) or (b),
collection may be had of the full amount of damage proved , [;] and if the
tort is within paragraph (c) above, collection may be had only to the extent
of the increase in the value of the trust property.
2. In an action against the trustee in [his representative] the capacity of
representative under this section , the plaintiff need not prove that the
trustee could have secured reimbursement from the trust fund if [he] trustee
had paid the plaintiff's claim.
3. [No judgment shall be rendered] A judgment may not be entered in
favor of the plaintiff in [such] the action unless he proves that , within 30
days after [the beginning of] filing the action, or within 30 days after the
filing of a report of an early case conference if one is required,
whichever is longer, or within such other period as the court may fix, and
more than 30 days [prior to] before obtaining the judgment, he notified
each of the beneficiaries known to the trustee who then had a present
interest of the existence and nature of the action. [Such notice shall] The
notice must be given by mailing copies [thereof in postpaid envelopes
addressed to such] to the beneficiaries at their last known addresses. The
[
and their addresses, within 10 days after written demand therefor, and
notification of the persons on
compliance with the duty placed on the plaintiff by this section. Any
beneficiary may intervene in
plaintiff to recover. 4.
provided in NRS 163.130, the
trustee may also be held personally liable forany tort committed by him, or by his agents or employees in the course of
their employments
provided in NRS 163.130.
5. Nothing in this section shall be construed to] only if the trustee,
agent or employee is personally at fault.
5. This section does not change the existing law with regard to the
liability of trustees of charitable trusts for torts of themselves or their
employees.
Sec. 494. NRS 163.160 is hereby amended to read as follows:
163.160 1. The settlor of [any] a trust affected by NRS 163.010 to
[163.210,] 163.200, inclusive, may, by provision in the instrument creating
the trust if the trust was created by a writing, or by oral statement to the
trustee at the time of the creation of the trust if the trust was created orally,
or by an amendment of the trust if the settlor reserved the power to amend
the trust, relieve his trustee from any or all of the duties, restrictions, and
liabilities which would otherwise be imposed upon him by NRS 163.010 to
[
or all of the privileges and powers conferred upon the trustee by NRS
163.010 to
restrictions, liabilities, privileges, or powers, to those imposed or granted
by NRS 163.010 to
the settlor
liabilities imposed upon him by NRS 163.030, 163.040 and 163.050.
2. Except as otherwise provided in subsections 1 and 3, a trustee may
be relieved of liability for breach of trust by provisions of the trust
instrument.
3. A provision of the trust instrument is not effective to relieve a
trustee of liability:
(a) For breach of trust committed intentionally, with gross negligence,
in bad faith, or with reckless indifference to the interest of a beneficiary;
or
(b) For any profit that he derives from a breach of trust.
Sec. 495.
NRS 163.170 is hereby amended to read as follows: 163.170 [Any] A beneficiary of a trust affected by NRS 163.010 to
[163.210,] 163.200, inclusive, may, if of full legal capacity and acting upon
full information, by written instrument delivered to the trustee, relieve the
trustee as to [such] that beneficiary from any or all of the duties,
restrictions, and liabilities which would otherwise be imposed on the trustee
by NRS 163.010 to [163.210,] 163.200, inclusive, except as to the duties,
restrictions, and liabilities imposed by NRS 163.030, 163.040 and 163.050.
[
beneficiary] him for past violations of any of the provisions of NRS
163.010 to [163.210,] 163.200, inclusive.
Sec. 496. NRS 163.180 is hereby amended to read as follows:
163.180 A court [of competent jurisdiction] 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 be placed upon [him] the
trustee by NRS 163.010 to [163.210,] 163.200, inclusive, or wholly or
partly excuse a trustee who has acted honestly and reasonably from liability
for violation of the provisions of NRS 163.010 to [163.210,] 163.200,
inclusive.
Sec. 497. NRS 163.190 is hereby amended to read as follows:
163.190 If a trustee violates any of the provisions of NRS 163.010 to
compensation in whole or in part
,successor trustee may treat the violation as a breach of trust.
Sec. 498. NRS 163.200 is hereby amended to read as follows:
163.200 NRS 163.010 to
inclusive, must
be so interpreted and construed as to effectuate theirgeneral purpose to make uniform the law of those states which enact them.
Sec. 499. NRS 163.230 is hereby amended to read as follows:
163.230 1. A devise
,determinable by the law of this state, may be made by a will to a trustee or
trustees of a trust established or created by the testator
, or by the testatorand some other person or persons
, or by some other person or persons ,including a funded or unfunded life insurance trust, although the
settlor
has reserved any or all rights of ownership of the insurance contracts,
in a written instrument
concurrently with the execution of the testator's will, or in the valid last
will of a person who has predeceased the testator
,existence, size or character of the corpus of the trust
.2. The devise
or revocable, or both, or because the trust was amended after the execution
of the will or after the death of the testator.
3. Unless the testator's will provides otherwise, the property so devised
:
(a) Shall not be deemed to be held under a testamentary trust of the
testator but is a part of the trust to which it is given; and
(b) Must be administered and disposed of in accordance with the
provisions of the instrument or will setting forth the terms of the trust,
including any amendments thereto made before the death of the testator
,regardless of whether made before or after the execution of testator's will
,[
pursuant to the Charitable Trust Act of 1971, and, if the testator's will so
provides, including any amendments to the trust made after the death of the
testator.
4. A revocation or termination of the trust before the death of the
testator causes the devise
163.275
1. A fiduciary may invest and reinvest, asdeems advisable:
notes, mortgages or other securities in or outside the United States;
person in whom a beneficiary has an insurable interest, or in annuity
contracts for any beneficiary;
6.] (f) In securities of any corporation, trust, association or fund:
investing, reinvesting, owning, holding or trading in securities;
of other issuers; and
Securities and Exchange Commission
7.] and
(g) Generally in such property as the fiduciary deems advisable, even
though [such] the investment is not of the character approved by applicable
law but for this section.
2. A fiduciary may delegate the authority to invest, but he is not
thereby relieved of any liability that exists in the absence of delegation.
Sec. 501. NRS 163.290 is hereby amended to read as follows:
163.290 A fiduciary may form a corporation
, limited liabilitycompany or other entity , and transfer, assign and convey to
corporation
, limited liability company or entity all or any part of the estateor of any trust property in exchange for the stock, securities or obligations
of
entity, and continue to hold
Sec. 502. NRS 163.295 is hereby amended to read as follows:
163.295 A fiduciary may continue any farming operation received by
the fiduciary pursuant to the will
, trust or other instrument and do any andall things deemed advisable by the fiduciary in the management and
maintenance of such farm and the production and marketing of crops and
dairy, poultry, livestock, orchard and the forest products, including
, but notlimited to
, the following powers:1. To operate the farm with hired labor, tenants or sharecroppers;
2. To lease or rent the farm for cash or for a share of the crops;
3. To purchase or otherwise acquire farm machinery and equipment
and livestock;
4. To construct, repair and improve farm buildings of all kinds needed,
in the fiduciary's judgment, for the operation of the farm;
5. To make or obtain loans or advances at the prevailing rate or rates of
interest for farm purposes such as for production, harvesting or marketing,or for the construction, repair or improvement of farm buildings, or for the
purchase of farm machinery, equipment or livestock;
6. To employ approved soil conservation practices in order to
conserve, improve and maintain the fertility and productivity of the soil;
7. To protect, manage and improve the timber and forest on the farm
and sell the timber and forest products when it is to the best interest of the
estate;
8. To ditch, dam and drain damp or wet fields and areas of the farm
when and where needed;
9. To engage in the production of livestock, poultry or dairy products,
and to construct such fences and buildings and plant such pastures and
crops as may be necessary to carry on such operations;
10. To market the products of the farm; and
11. In general, to employ good husbandry in the farming operation.
Sec. 503. NRS 163.315 is hereby amended to read as follows:
163.315 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 trust which the decedent or the settlor or
spouse or any child of
upon such terms and conditions as to sale price, terms of payment and
security as to the fiduciary seem advisable. The fiduciary has no duty to
follow the proceeds of any such sale.
2. Borrow money for such periods of time and upon such terms and
conditions as to rates, maturities, renewals and securities as the fiduciary
deems available from any trust created by the decedent,
child of his,] or the spouse or child of the decedent, for the purpose of:
(a) Paying debts of the decedent, taxes, the costs of the administration of
the estate [,] and like charges against the estate, or any part thereof; or
(b) Discharging the liability of any fiduciary thereof. A fiduciary may
mortgage, pledge or otherwise encumber such portion of the estate or any
trust as may be required to [secure such] obtain the loan or loans and to
renew [such] the loans.
Sec. 504. NRS 163.320 is hereby amended to read as follows:
163.320 A fiduciary may:
1. Borrow money for such periods of time and upon such terms and
conditions as to rates, maturities, renewals and security as the fiduciary
deems advisable, including the power of a corporate fiduciary to borrow
from its own banking department, for the purpose of paying debts, taxes or
other charges against the estate or any trust, or any part thereof;
2. [Mortgage,] Provide a guarantee by the trust or mortgage, pledge
or otherwise encumber such portion of the estate or any trust as may be
required to [secure such] obtain the loan or loans; and
3. Renew existing loans either as maker or endorser.
Sec. 505. NRS 163.400 is hereby amended to read as follows:
163.400 A fiduciary may:
1. Make payments in money, or in property in lieu of money, to or for a
minor or [incompetent] incapacitated person in any one or more of the
following ways:
(a) Directly to [such] the minor or [incompetent.] incapacitated person.
(b) To apply directly in payment for the support, maintenance, education
and medical, surgical, hospital or other institutional care of
minor or
(c) To the legal or natural guardian of
(d) To any other person, whether or not appointed guardian of the
person by any court, who has, in fact, the care and custody of the person of
[
2. The fiduciary has no duty to see to the application of the payments
so made, if the fiduciary exercised due care in the selection of the person,
including the minor or
[
that person is
full acquittance to the fiduciary.Sec. 506. NRS 163.440 is hereby amended to read as follows:
163.440 As used in NRS 163.420 to 163.550, inclusive, unless
otherwise indicated, section references are to the
Revenue Code of
include future amendments to such sections and corresponding provisions
of future
Sec. 507.
NRS 163.520 is hereby amended to read as follows:163.520 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 [1954,] 1986, as in effect on January 1, [1971,]
1999,
the following acts are prohibited:(a) Engaging in any act or "self-dealing
, "4941(d)
Section 4941(a);
(b) Retaining any "excess business holdings
, "4943(c)
Section 4943(a);
(c) Making any investments which would jeopardize the carrying out of
any of the exempt purposes of the trust within the meaning of Section 4944,
so as to give rise to any liability for the tax imposed by Section 4944(a);
and
(d) Making any "taxable expenditures
, "4945(d)
Section 4945(a).
2. This section does not apply to those split interest trusts or amounts
of such split interest trusts which are not subject to the prohibitions
applicable to private foundations by reason of the provisions of Section
4947.
Sec. 508. NRS 163.540 is hereby amended to read as follows:
163.540 1.
state
having jurisdiction over any trust to which NRS 163.420 to 163.550,inclusive, apply may amend any trust instrument to conform to the
provisions of NRS 163.420 to 163.550, inclusive.
2. Any such amendment
trustee
filing afee therefor as is required by the clerk of that district for the filing of a civil
complaint. The] petition with the court. The clerk of the court shall set a
date for the hearing of the petition, and the trustee shall cause notice of the
hearing of the petition [shall] to be:
(a) Personally served on the [trustor or trustors of such] settlor or
settlors of the trust, if living, and on all named beneficiaries of [such] the
trust, if any,
copy of the notice to the trustor or trustors, to the beneficiaries' guardian or
attorneys of record, or mailed by registered or certified mail, with return
receipt requested, to the trustor or trustors, and the beneficiaries or their
guardians or attorneys of record, at the last known address of the addressee;
and
(b) Posted at the courthouse at least 10 days prior to the time for
hearing, or published for at least once a week for 3 successive weeks in
such newspaper as the court or judge orders. There shall be] for the period
and in the manner provided in NRS 155.010;
(b) Published on three dates of publication before the hearing, and if
the newspaper is published more than once each week, there must be at
least 10 days [between the date of last publication and the time of hearing;]
from the first to last date of publication, including both the first and the
last days;
and(c) Delivered, together with a copy of the petition, to the attorney
general of the State of Nevada at the time of the filing of the petition.
3. At the hearing of
may authorize the trustee to amend, revise, delete or add provisions to the
trust
inclusive,
Sections 4941(a), 4942(a), 4943(a), 4944(a) and 4945(a), but if the
or trustors of such] settlor or settlors of the trust are living and competent
to act, [his or their] written consent of the settlor or settlors must first be
obtained.
Sec. 509. NRS 163.570 is hereby amended to read as follows:
163.570 A trustee may:
1. Join with a decedent's surviving spouse [, the executor of the
decedent's will, or the administrator] or the personal representative of thedecedent's estate in the execution and filing of a joint income tax return for
any period before the decedent's death for which the decedent had not filed
an income tax or gift tax return on gifts made by the spouse;
2. Consent to treat such gifts as having been made one-half by the
decedent for any period before his death; and
3. Pay such taxes thereon as are chargeable to the decedent.
Sec. 510. Chapter 164 of NRS is hereby amended by adding thereto
the provisions set forth as sections 511, 512 and 513 of this act.
Sec. 511. Except as otherwise provided in section 513 of this act, the
clerk shall set a petition authorized by this chapter for hearing, and the
petitioner shall give notice to all interested persons for the period and in
the manner provided in NRS 155.010. The notice must state the filing of
the petition, the object and the time of the hearing. For the purposes of
this section, "interested person" means a settlor, trustee, beneficiary or
any other person to whom the court directs that notice be given.
Sec. 512.
1. The court has exclusive jurisdiction of proceedingsinitiated by the petition of an interested person concerning the internal
affairs of a nontestamentary trust. Proceedings which may be maintained
under this section are those concerning the administration and
distribution of trusts, the declaration of rights and the determination of
other matters involving trustees and beneficiaries of trusts, including
petitions with respect to a nontestamentary trust for any appropriate
relief provided with respect to a testamentary trust in section 428 of this
act.
2. A petition under this section may be filed in conjunction with a
petition under NRS 164.010 or at any time after the court has assumed
jurisdiction under that section.
3. Upon the hearing, the court shall enter such order as it deems
appropriate. The order is final and conclusive as to all matters
determined and is binding in rem upon the trust estate and upon the
interests of all beneficiaries, vested or contingent, except that appeal to
the supreme court may be taken from the order within 30 days after
notice of its entry by filing notice of appeal with the clerk of the district
court. The appellant shall mail a copy of the notice to each person who
has appeared of record.
4. A proceeding under this section does not result in continuing
supervisory proceedings. The administration of the trust must proceed
expeditiously in a manner consistent with the terms of the trust, without
judicial intervention or the order, approval or other action of any court,
unless the jurisdiction of the court is invoked by an interested person or
exercised as provided by other law.
Sec. 513.
1. The trustee or an interested person may petition thecourt to enter an order:
(a) If the trustee is in possession of, or holds title to, property and the
property or an interest in it is claimed by another.
(b) If the trustee has a claim to property and another holds title to oris in possession of the property.
(c) If property of the trust is subject to a claim of a creditor of the
settlor of the trust.
2. The court shall not grant a petition under this section if it
determines that the matter should be determined by civil action.
3. The petition must state facts showing that it is authorized under
this section, the grounds of the petition, and the name and address of
each person entitled to notice of the petition.
4. Upon the filing of the petition, the clerk shall set it for hearing and
the petitioner shall give notice of the hearing, at least 30 days before the
time set, to:
(a) All interested persons, including the attorney general if the petition
relates to a charitable trust, in the manner provided in NRS 155.010.
(b) Each person claiming an interest in, or having title to or
possession of the property, and any other person whose right, title or
interest in or to the property would be affected by the granting of the
petition, in the manner provided in NRS 155.040.
(c) Any other person, and in the manner, directed by the court.
5. Except as otherwise provided in subsection 2, if the court is
satisfied that a conveyance, transfer, delivery or other disposition should
be made, the court shall enter an order directing the trustee or other
person having title to or possession of the property to convey, transfer or
deliver it to the person entitled thereto or granting other appropriate
relief.
6. Any person aggrieved by an order entered pursuant to this section
may appeal to the supreme court within 30 days after the notice of the
entry of the order by filing a notice of appeal with the clerk of the district
court. The appellant shall mail a copy of the notice to each person who
has appeared of record.
Sec. 514. NRS 164.010 is hereby amended to read as follows:
164.010 1. Upon petition of any person appointed as trustee of an
express trust by any written instrument other than a will, or upon petition of
[
[
business
, or in which the trust has been domiciled, shall consider theapplication to confirm the appointment of the trustee and specify the
manner in which
court shall have] court has jurisdiction of the trust as a proceeding in rem.
2. [Upon petition of any person appointed as trustee of an express trust
by any will, or upon petition of any beneficiary of the trust, the district
court in which the will was probated shall consider the application to
confirm the appointment of the trustee and specify the manner in which he
shall qualify. Thereafter the district court shall have jurisdiction of the trust
as a proceeding in rem.] If the court grants the petition, it may consider atthe same time any petition for instructions filed with the petition for
confirmation.
3. At any time, the trustee may petition the court for removal of the
trust from continuing jurisdiction of the court.
Sec. 515. NRS 164.025 is hereby amended to read as follows:
164.025 1. The trustee of a nontestamentary trust may after the death
of the settlor of the trust cause to be published a notice in the manner
specified in paragraph (b) of subsection 1 of NRS 155.020
2. If notice is so published, it] and mail a copy of the notice to known
or readily ascertainable creditors.
2. The notice must be in substantially the following form:
Notice to Creditors
Notice is hereby given that the undersigned is the duly appointed and
qualified trustee of the ................ trust. ................, the settlor of that trust
died on ................. A creditor having a claim against the trust estate must
file his claim with the undersigned at the address given below within 90
days after the first publication of this notice.
Dated
Trustee
Address
3. A person having a claim, due or to become due, against a settlor
or the trust must file the claim with the trustee within 90 days after the
mailing, for those required to be mailed, or 90 days after publication of
the first notice to creditors. Any claim against the trust estate not filed
within [90 days after the first publication of notice] that time is forever
barred. After [90 days from the first publication of the notice,] the
expiration of the time, the trustee may distribute the assets of the trust to its
beneficiaries without personal liability to any creditor who has failed to file
a claim with the trustee.
4. If the trustee knows or has reason to believe that the settlor received
public assistance during his lifetime, the trustee shall, whether or not he
gives notice to other creditors, give notice within 30 days after the death to
the welfare division of the department of human resources [by certified
mail, return receipt requested, postage prepaid.] in the manner provided in
NRS 155.010. If notice to the welfare division is required by this
subsection but is not given, the trust estate and any assets transferred to a
beneficiary remain subject to the right of the welfare division to recover
public assistance received.
Sec. 516. NRS 164.040 is hereby amended to read as follows:
164.040 [Nothing in NRS 164.010 and 164.030 shall be deemed to
limit or abridge]
1. NRS 164.010 and section 513 of this act do not limit or abridge
thepower or jurisdiction of the district court over trusts and trustees.
2. The court may enter any order or take any other action necessary
or proper to dispose of the matters presented by a petition, including the
appointment of a temporary trustee to administer the trust in whole or in
part.
Sec. 517.
NRS 164.050 is hereby amended to read as follows:164.050 1. In acquiring, investing, reinvesting, exchanging, retaining,
selling and managing property for the benefit of another, a fiduciary shall
exercise the judgment and care under the circumstances then prevailing,
which persons of prudence, discretion and intelligence exercise in the
management of their own affairs, not in regard to speculation, but in regard
to the permanent disposition of their money, considering the probable
income as well as the probable safety of their capital. Within the limitations
of the foregoing standard, and subject to any express provision or limitation
contained in any particular trust instrument , agreement, court order or
will, a fiduciary may acquire and retain every kind of property, real,
personal or mixed, and every kind of investment, including, without
limitation, bonds, debentures [,] and other corporate obligations, and
stocks, preferred or common, which persons of prudence, discretion and
intelligence acquire or retain for their own account.
2. The propriety of an investment decision is to be determined by what
the fiduciary knew or should have known at the time of the decision about
the inherent nature and expected performance of the investment, the
attributes of the portfolio, the general economy and the needs and
objectives of the beneficiaries of the account as they existed at the time of
the decision. Any determination of the liability of the fiduciary for the
performance of his investments must be made giving consideration not only
to the performance of a particular investment, but also to the performance
of the portfolio as a whole.
3. [Nothing contained in this section authorizes] This section does not
authorize any departure from, or variation of, the express terms or
limitations set forth in any will, agreement, court order or [other] trust
instrument creating or defining the duties and powers. The term "legal
investment" or "authorized investment," or words of similar import, as used
in any such instrument, must be construed to mean any investment which is
permitted by the terms of subsection 1.
4. The provisions of this section govern fiduciaries acting pursuant to
wills, agreements, court orders and
Sec. 518. NRS 164.070 is hereby amended to read as follows:
164.070 NRS 164.070 to
as the Uniform Common Trust Fund Act.
Sec. 519. NRS 164.080 is hereby amended to read as follows:
164.080 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 company
qualified to act as fiduciary in this state, may:
(a) Establish common trust funds to furnish investments to itself and its
affiliated bank or trust company as fiduciary or to itself, its affiliated bank
or trust company and others, as cofiduciaries; and
(b) As fiduciary or cofiduciary, invest money which it lawfully holds for
investment in interests in those common trust funds, if the investment is not
prohibited by the instrument, judgment, decree or order creating the
fiduciary relationship, and if, in the case of cofiduciaries, the bank or trust
company procures the consent of its cofiduciaries to the investment.
2. Any bank or trust company, qualified to act as fiduciary in the state
in which it was chartered, which is not a member of the Federal Reserve
System shall, in the operation of the common trust fund, comply with the
regulations adopted by the supervisor of banking in the state in which it
was chartered and with the regulations adopted by the commissioner of
financial institutions in this state.
3. The commissioner of
department of business and industry may adopt regulations to carry out the
provisions of NRS 164.070 to
4. As used in this section, "affiliated" means two or more banks or trust
companies:
(a) In which at least 25 percent of their voting shares, excluding shares
owned by the United States or by any company wholly owned by the
United States, are directly or indirectly owned or controlled by a holding
company; or
(b) In which the election of a majority of the directors is controlled in
any manner by a holding company.
Sec. 520. NRS 164.090 is hereby amended to read as follows:
164.090 Unless ordered by a court of competent jurisdiction
, the bankor trust company operating
render a court accounting with regard to
may, by
such an accounting on such conditions as the court may establish.
Sec. 521. NRS 164.100 is hereby amended to read as follows:
164.100 NRS 164.070 to
be so interpreted and construed as to effectuate their general purpose to
make uniform the law of those states which enact them.
Sec. 522. NRS 164.130 is hereby amended to read as follows:
164.130 Upon
or otherwise as trustee, with the concurrence of the beneficiary or
beneficiaries, a
supervision of the trust to any judicial district within the state, or to any
court outside Nevada which accepts jurisdiction over the trust, when theconvenience of beneficiaries, trustees, attorneys or other interested persons
makes a transfer desirable.
Sec. 523. NRS 164.520 is hereby amended to read as follows:
164.520 "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 fund resulted, under which property is transferred to or held
by an institution as an institutional fund.
Sec. 524. NRS 165.020 is hereby amended to read as follows:
165.020 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
common control by another person. It includes any person with whom a
trustee has an express or implied agreement regarding the purchase of trust
investments by each from the other, directly or indirectly.
(b) "Beneficiary" includes a beneficiary under the trust, a person who is
entitled to the trust capital at the termination of the trust and a surety on the
bond of the trustee.
(c) "Nontestamentary trustee" means a trustee serving under a trust
created in this state otherwise than by a will,
or such a trust administeredin this state,
whether the trustee was appointed by the settlor or by a courtor other authority.
(d) "Relative" means a spouse, ancestor, descendant, brother
sister.
(e) "Settlor" includes the creator of a testamentary as well as a
nontestamentary trust.
(f) "Testamentary trustee" means a trustee serving under a trust created
by a will of a testator domiciled in this state at the time of
testator's
death, whose will has been admitted to probate in this state,whether the trustee was appointed by the testator or by a court or other
authority.
(g) "Trustee" includes trustees, a corporate as well as a natural person, a
successor or substitute trustee, and the successor in interest of a deceased
sole trustee.
2. This chapter
trusts, business trusts where certificates of beneficial interest are issued to
the beneficiaries, investment trusts, voting trusts, insurance trusts prior to
the death of the insured, trusts in the nature of mortgages or pledges, trusts
created by judgment or decree of a federal court or a state court other than
the district court acting in probate matters, liquidation trusts, or trust for the
sole purpose of paying dividends, interest or interest coupons, salaries,
wages or pensions.
Sec. 525. NRS 165.030 is hereby amended to read as follows:
165.030 Within 75 days after
testamentary trustee
[
property which
[
Sec. 526.
NRS 165.040 is hereby amended to read as follows: 165.040 1. Except as otherwise provided in subsection 3, within [75
days after the expiration of the first year after the first qualifying
testamentary trustee was under] 60 days after the end of the calendar year
in which the testamentary trustee had a duty to file [his] an inventory, as
prescribed in NRS 165.030, [or, at his election, within 75 days after the
expiration of the testamentary trustee's first fiscal year,] the testamentary
trustee [then in office] shall file with the [district] court of the county where
the will was admitted to probate an intermediate account under oath
covering the year and showing:
(a) The period which the account covers;
(b) The names and addresses of the living beneficiaries known to the
trustee, with a statement as to those known to be minors or [under legally
declared disability,] incapacitated persons, a description of any possible
unborn or unascertained beneficiaries, and the name of the surety or
sureties on the trustee's bond with the amount of the bond;
(c) In a separate schedule, additions to trust principal during the
accounting period with the dates and sources of acquisition, investments
collected, sold or charged off during the accounting period, investments
made during the accounting period, with the date, source and cost of each,
deductions from principal during the accounting period, with the date and
purpose of each, and the trust principal, invested or uninvested, on hand at
the end of the accounting period, reflecting the approximate market value
thereof;
(d) In a separate schedule , the trust income on hand at the beginning of
the accounting period, and in what form held, trust income received during
the accounting period, when, and from what source, trust income paid out
during the accounting period, when, to whom, and for what purpose, trust
income on hand at the end of the accounting period, and how invested;
(e) That , without prior court authority, neither any seller to, nor buyer
from, the trustee of trust property during the accounting period was at the
time of the sale or purchase:
(1) In the case of a corporate trustee, an affiliate or any officer,
employee, or nominee of the trust or of an affiliate; or
(2) In the case of a noncorporate trustee, a relative, partner, employer,
employee or business associate,
but none of the provisions of this paragraph apply to purchases and sales
made by brokers for the trustee or to stock exchanges;
(f) A statement of unpaid claims with the reason for failure to pay them,
including a statement as to whether any estate or inheritance taxes have
become due with regard to the trust property, and if due, whether paid;
(g) A brief summary of the account; and
(h) Such other facts as the court may by rule or court order require
. 2. Except as otherwise provided in subsection 3, within [30] 60 days
after the end of each [yearly period] calendar year thereafter during the life
of the trust, the testamentary trustee then in office shall file with the same
court an intermediate account under oath showing corresponding facts
regarding the current accounting period.
3. A corporate trustee is not required to file the intermediate accounts
specified in subsections 1 and 2. A corporate trustee [must] shall include
the information specified in subsection 1 in the final account for the entire
time for which the trustee administered the trust.
Sec. 527. NRS 165.050 is hereby amended to read as follows:
165.050 Within [30] 60 days after the termination of [every] a
testamentary trust , the trustee, and in the case of the transfer of the
trusteeship [due to] because of the death, resignation, removal, dissolution,
merger [,] or consolidation of a sole trustee, the successor in interest of the
old trustee, shall file with the [district] court of the county where the will
was admitted to probate a final account under oath, showing for the period
since the filing of the last account the facts required by NRS 165.040
regarding intermediate accountings, and in case of termination of the trust,
the distribution of the trust property which the accountant proposes to
make.
Sec. 528. NRS 165.060 is hereby amended to read as follows:
165.060 Within 30 days after the distribution of the trust property by
the testamentary trustee [he] , the trustee shall file in the court where the
final account was filed a [distribution] distributive account of the trust
property which [he] the trustee has distributed and the receipts of the
distributees. The court shall, as soon as practicable, act upon the account
and discharge the trustee if the distributive account is approved.
Sec. 529. NRS 165.070 is hereby amended to read as follows:
165.070
1. Every testamentary trustee who files an intermediateaccount in court shall
, within 10 days aftereach known beneficiary a notice of
court hearing on the account
, a summary of the account with an offer todeliver the full account on demand, or if there is to be a court hearing on
the account
, a copy of the account.
to the beneficiary personally, or to
guardian
or attorney of record; or
receipt requested to such beneficiary, or his] , certified or first-class mail
to the beneficiary, guardian or attorney of record, at the last known address
of the addressee.
2.
Any beneficiary or the trustees may petition the court for a hearingon any intermediate account, and the holding of such a hearing
in the discretion of the court. In the case of the third intermediate
accounting, and every 3 years thereafter, the trustee shall
the court for a hearing on and approval of all unapproved accounts, andshall give each known beneficiary written notice of
least 5 days before the return day thereof,] the petition at least 10 days
before the day of the hearing, in the manner prescribed for the delivery of
the copy of the account. The [return day of the application for a] date of the
hearing on
a petition to approve an intermediate accountingat least
trustee of the
account
[
[
be requested to allow.
Sec. 530. NRS 165.080 is hereby amended to read as follows:
165.080 At least 10 days before the
to approve a
final accounting, the testamentary trustee shall deliver to eachbeneficiary a copy of the account and a notice of the time and place at
which the account will be presented for approval, which
not be earlier than 10 days after the account was filed.
may be accomplished in the same manner as with regard to the service of
papers on the intermediate accounting. The notice
beneficiaries of the amount of
be requested by the trustee
of the account, and the amount of other fees which the court will then be
requested to allow.
Sec. 531. NRS 165.090 is hereby amended to read as follows:
165.090 1. Except as provided in subsection 2, when an intermediate
or final account is presented for consideration in court
, the testamentarytrustee
made by the trustee during the accounting period. Where the account is
accompanied by a report of a certified or registered public accountant, or a
certified or registered public accountant upon hearing of any account
testifies that all expenditures of $20 or more made by the trustee during the
accounting period are supported by vouchers, then it shall not be necessary
to produce the vouchers in court. When vouchers are produced upon a
hearing the same shall be returned to the trustee after the account is
approved.
2. A corporate trustee] is not required to file vouchers with the court to
substantiate payments made [on behalf of any beneficiary,] in the
administration of the trust, but shall retain possession of the vouchers and
permit examination thereof by [any beneficiary or] the court [.] or any
person interested in the estate.
2. The court on its own motion, or upon application ex parte for
good cause by any interested person, may order production for
examination of vouchers, canceled checks or other documents that
support an account.
3. If any vouchers are lost, or for other good reason cannot be
produced on settlement of an account, the payment may be proved by theoath of one competent witness. If it is proved that vouchers for a
disbursement have been lost or destroyed, that it is impossible to obtain
duplicates, and that the expenses were paid in good faith and were legal
charges against the testamentary trust, the trustee must be allowed those
expenses.
Sec. 532. NRS 165.100 is hereby amended to read as follows:
165.100
otherwise legally
unascertained beneficiaries
, may be represented in a testamentary trustaccounting by
living members of the class to which they do or would belong, or by a
guardian ad litem, as the court deems
beneficiary is unknown, or there is doubt as to the existence of one or more
persons as beneficiaries, the court shall make such provision for service of
notice and representation on the accounting as it believes proper.
Sec. 533. NRS 165.110 is hereby amended to read as follows:
165.110 On
or before theand] date of the hearing of a petition for approval of an intermediate or
final account , the testamentary trustee shall file an affidavit or certificate
proving the timely delivery to the known beneficiaries of the documents
required by this chapter or by court order. The procedure as to filing of
objections, examination of the trustee and other witnesses, inspection of the
trust property, adjournments, reference to a master or other representative
of the court, amendment of the account
in the discretion of the court.
upon the account, and discharge the trustee if the account is an approved
distribution account.]
Sec. 534. NRS 165.120 is hereby amended to read as follows:
165.120 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
,and his sureties from liability to all beneficiaries then known or in being, or
who thereafter become known or in being, for all the trustee's acts and
omissions which are fully and accurately described in the account,
including the then investment of the trust funds. The court may disapprove
the account and surcharge the trustee for any loss caused by a breach of
trust committed by him. The account may be reopened by the court on
[
if it later appears that the account is incorrect, either because of fraud or
mistake. Court approvals or disapprovals of intermediate or final accounts
shall be deemed final judgments insofar as the right of appeal is concerned.
No account
after its approval. No beneficiary may move for the reopening of any
account because of fraud more than 90 days after he discovers the existence
of the fraud.
Sec. 535. NRS 165.135 is hereby amended to read as follows:
165.135 The trustee of
often than annually, furnish to each beneficiary who is currently entitled to
receive income pursuant to the terms of the trust
, to each residuarybeneficiary who is then living, to each specific beneficiary then living
who has not
received complete distribution, and to any surety on the bondof the trustee of the trust an account showing:
1. The period which the account covers;
2. In a separate schedule:
(a) Additions to trust principal during the accounting period with the
dates and sources of acquisition;
(b) Investments collected, sold or charged off during the accounting
period;
(c) Investments made during the accounting period, with the date, source
and cost of each;
(d) Deductions from principal during the accounting period, with the
date and purpose of each; and
(e) The trust principal, invested or uninvested, on hand at the end of the
accounting period, reflecting the approximate market value thereof;
3. In a separate schedule:
(a) Trust income on hand at the beginning of the accounting period, and
in what form held;
(b) Trust income received during the accounting period, when
from what source;
(c) Trust income paid out during the accounting period, when, to whom
(d) Trust income on hand at the end of the accounting period
how invested;
4. A statement of any unpaid claims with the reason for failure to pay
them; and
5. A brief summary of the account.
Sec. 536. NRS 165.150 is hereby amended to read as follows:
165.150 The clerks of the district courts shall severally keep records of
all trust inventories and accounts filed with their respective courts
.shall, within 30 days after the filing should have occurred, notify the
respective judges of their courts of all failures by trustees to file accounts in
accordance with this chapter. Such] Those courts shall, upon learning that a
trustee subject to their respective jurisdictions has failed to perform any
duty placed upon him by this chapter, issue a citation or order to the trustee
requiring him to perform [such] that duty.
Sec. 537. NRS 165.180 is hereby amended to read as follows:
165.180 [Nothing herein contained shall be construed to] This chapter
does not abridge the power of any court of competent jurisdiction to
require testamentary or nontestamentary trustees to file an inventory, to
account, to exhibit the trust property, or to give beneficiaries information or
the privilege of inspection of trust records and papers, at times other thanthose [herein prescribed; and nothing herein contained shall be construed
to] prescribed in this chapter, or abridge the power of [such] the court for
cause shown to excuse a trustee from performing any or all of the duties
imposed on him by this chapter. [Nothing herein contained shall prevent]
This chapter does not preclude the trustee from accounting voluntarily
[
do so by this chapter or by court order.
Sec. 538. NRS 165.190 is hereby amended to read as follows:
165.190
court having jurisdiction over the accountings, as prescribed in this chapter,
for an order requiring the trustee to perform the duties imposed upon him
by this chapter.
Sec. 539. NRS 132.020, 133.010, 134.140, 134.200, 135.070,
136.080, 136.270, 141.150, 142.120, 148.010, 148.020, 148.030, 148.040,
149.110, 149.120, 149.130, 149.140, 149.150, 150.090, 150.390, 151.100,
151.200, 153.030, 153.040, 153.045, 153.110, 154.050, 163.210, 163.240,
164.110, 164.120 and 165.250 are hereby repealed.
Sec. 540. Sections 275 and 279 of this act become effective at 12:01
a.m. on October 1, 1999.
~