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 pecuniary

devise 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 instrument

has 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 who

is appointed by the court to administer an estate.

Sec. 6. "Agent" means a person authorized to represent or act for

another 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 by

intestate 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 the

court, 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 a

liability 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 or

revoke 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 in

NRS 123.220.

Sec. 13. "Community property with right of survivorship" means

community 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. For

the 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 instrument

naming 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 disposition

of 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 a

devise. 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 of

a 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 trust

whose 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 interest

and penalty thereon.

Sec. 23. "Executor" means a person nominated in a will and

appointed 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 and

expenses 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 the

estate by the court pursuant to NRS 146.030.

Sec. 26. "Fiduciary" includes a personal representative, guardian

and trustee.

Sec. 27. "Gift" means a gratuitous transfer of property to a recipient

for 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 the

guardian 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 and

the state, who are entitled by intestate succession to the property of a

decedent. Sec. 31. "Holographic will" means a testamentary document that

complies with the requirements of NRS 133.090.

Sec. 32. "Incapacitated person" means a person who is impaired by

reason 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 dies

without leaving a will.

Sec. 36. "Intestate estate" includes an estate where no will has been

offered 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 by

NRS 144.040.

Sec. 38. "Issue" means children, grandchildren or more remote

lineal descendants.

Sec. 39. "Joint tenants with right of survivorship" include co-owners

of 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 of

administration, letters of administration with will annexed and letters of

special administration.

Sec. 42. "Lien" means a charge upon property for the satisfaction of

a 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 or

arrangement in which property is encumbered or used as security.

Sec. 45. "Notice" means information provided pursuant to NRS

155.010, 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 the

taker will faithfully perform the duties of a specified office. Sec. 47. "Order" includes a declaration, decree or judgment by a

court 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 would

be 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, an

administrator, 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 for

an order.

Sec. 52. "Probate," used as a noun, means a legal proceeding in

which 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 set

apart by the court pursuant to NRS 146.020.

Sec. 54. "Property" means anything that may be the subject of

ownership, and includes both real and personal property and any interest

therein.

Sec. 55. "Right of representation" means the method of distributing

property 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 NRS

123.130.

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, however

described in the trust instrument.

Sec. 60. "Special administrator" means a personal representative

appointed pursuant to chapter 140 of NRS. Sec. 61. "State" means a state of the United States, the District of

Columbia, 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 personal

representative, other than a special administrator, who is appointed to

succeed a previously appointed personal representative.

Sec. 63. "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. 64. "Tax" includes an income, property, excise, estate, gift or

inheritance tax.

Sec. 65. "Testate estate" means an estate with respect to which a will

has 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 person

for 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 successor

trustee, 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 been

appointed. 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 the

distribution 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 expense [secured.] to the parties.

Sec. 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 [be] is in writing and signed by the testator, or by [some

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 [, at

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........, [19...] .............

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 signature

affixed 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 [beneficial devises, legacies and gifts whatsoever made or

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

[same.] will.

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 [shall be] is of the

same force and effect as if executed in the [mode] manner prescribed by

the law of this state.

2. This section [shall] must be so interpreted and construed as to

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 [one that is entirely written, dated

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 [,] over the age of 18 years [, including

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. [As used in

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 [shall duly make

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 [shall be duly] is

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 [or bequeathed] in any will previously made [shall not

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 lien

existing 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 [any child shall have been] a child is born after the

making of [its parent's will,] a will by a parent of that child and no

provision [shall be] is made for [him or her therein, such child shall have]

the child in the will, the child is entitled to the same share in the estate of

the testator as if the testator had died intestate, unless it [shall be] is

apparent from the will that it was the intention of the testator that no

provision should be made for [the] that child.

Sec. 89. NRS 133.170 is hereby amended to read as follows:

133.170 When [any testator shall omit to provide in his or her will for

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,

[such] the child, or the issue of [any] the deceased child, [shall have] is

entitled to the same share in the estate of the testator as if [he or she] the

testator 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 [shall be] is

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 [same shall] share must first be taken from the estate not disposed of by

the will, if any. If that [shall not be] is not sufficient, so much as [shall be

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, they [shall] take nothing [in virtue of the

provisions 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, [shall]

take the estate so given by the will in the same manner as the devisee [or

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 [prior to] before the time

of making the will, if [such should manifestly appear] that manifestly

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 [husband or wife,]

spouse and only one child, or the lawful issue of one child, the estate goes

one-half to the surviving [husband or wife,] spouse and one-half to [such]

the child or the issue of [such] the child.

2. If the decedent leaves a surviving [husband or wife,] spouse and

more than one child living, or [one] a child and the lawful issue of one or

more deceased children, the estate goes one-third to the surviving [husband

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.

[3. If there be no child of the intestate living at his or her death, the

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 [shall leave] leaves no issue, the estate

[shall go] goes one-half to the surviving [husband or wife,] spouse, one-

fourth to the [intestate's father,] father of the decedent and one-fourth to

the [intestate's mother,] mother of the decedent, if both are living . [; if

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 [shall leave no issue, or husband, or wife,] leaves no

issue or surviving spouse, the estate [shall go] goes one-half to the

[intestate's] father of the decedent and one-half to the [intestate's mother,]

mother of the decedent, if both are living . [; if not,] If both parents are

not living, the whole estate [shall go] goes to either the father or the mother

then living.

4. If the decedent [shall leave] leaves no issue, father, mother, brother

[,] or sister, or children of any issue, all of the separate property of the

[intestate shall go] decedent goes to the surviving [husband or wife.]

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 . [; but if]

If any person [shall die] dies leaving several children, or leaving [one] a

child and issue of one or more children, and any such surviving child [shall

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 [go] goes to that child . [; and if there be] If there is

more than one child, the estate [shall descend and be distributed] goes to all

the [intestate's children,] children of the decedent, to share and share alike.

Sec. 105. NRS 134.100 is hereby amended to read as follows:

134.100 If the decedent leaves no surviving [husband or wife,] spouse,

but there [shall be] is a child or children and the lawful issue of a child or

children, the estate [shall descend and be distributed to such] goes to the

child or children and lawful issue of [such] the child or children by right of

representation as follows: To [such] the child or children , each a [child's

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 [husband or wife,] spouse,

or child or children, but there [be] is the lawful issue of a child or children,

all [of] the estate [shall descend] desends and must be distributed to the

lawful issue of [such] the child or children by right of representation, and

this rule [shall apply] applies to the lawful issue of all such children, and to

the lawful issue ad infinitum.

Sec. 107. NRS 134.120 is hereby amended to read as follows:

134.120 If the [intestate shall leave no husband, or wife,] decedent

leaves no surviving spouse, or kindred, the estate [shall escheat] escheats

to the state for educational purposes.

Sec. 108. NRS 134.160 is hereby amended to read as follows:

134.160 Kindred of the half blood [shall] inherit equally with those of

the whole blood in the same degree, unless the inheritance comes to the

[intestate] decedent by descent [, devise or gift from some one of his or her

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 [no sufficient] insufficient evidence that

the persons [have] died otherwise than simultaneously, the property of each

person [shall] must be disposed of as if [he] that person had survived,

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 [no sufficient] insufficient evidence that these

beneficiaries [have] died otherwise than simultaneously the property thus

disposed of [shall] must be divided into as many equal portions as there are

successive beneficiaries and these portions [shall] must be distributed

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 [no sufficient] insufficient evidence that two

joint tenants or [tenants by the entirety have] spouses holding title to

community property with right of survivorship died otherwise than

simultaneously , the property so held [shall] must be distributed one-half as

if 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 [shall] must be in the proportion that one bears to the whole

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 [no sufficient] insufficient

evidence that they [have] died otherwise than simultaneously , the proceeds

of the policy [shall] must be distributed as if the insured had survived the

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 [the husband and wife] spouses which is

enforceable pursuant to chapter 123A of NRS, where [a husband and wife]

both spouses have died, leaving community property, and there is [no

sufficient] 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 [he

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 [interested in the estate] may have the proceeding returned to the

judge who [has] succeeded the disqualified judge, by filing a petition

setting forth these facts and moving the court [therefor.] to grant the

petition. If these facts are satisfactorily shown , the court must make an

order 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 [any will in his] possession of a will

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 [person] personal representative named in

the will . [to execute it.]

2. Any person named as [executor or executrix in any] personal

representative in a will shall, within 30 days after the death of the testator ,

[or testatrix,] or within 30 days after knowledge of [such naming,] being

named, present the will, if in possession of it, to the [district] clerk of the

court.

3. Every person who [shall neglect] neglects to perform any of the

duties required in subsections 1 and 2 without reasonable cause [, shall be]

is liable to every person interested in the will for the damages [such] the

interested person may sustain by reason of [such] the neglect.

Sec. 121. NRS 136.060 is hereby amended to read as follows:

136.060 1. If it is alleged in any petition that [any] the will of a

[deceased person] decedent is in the possession of a third person, and the

court [shall be] is satisfied that the allegation is correct, an order [shall]

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

[such] the person produces the will. The [judge] court may make all other

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. [Any executor, devisee or legatee] A personal

representative or devisee named in a will, or any other interested person ,

[interested in the estate,] may, at any time after the death of the testator,

petition the court having jurisdiction to have the will proved, whether the

[same be in writing or nuncupative, in his] will is in the possession of that

person or not, or is lost or destroyed, or is beyond the jurisdiction of the

state.

2. [Any person] A personal representative named in a will , [to

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 [his] the right to letters ; [testamentary;]

(c) The names [, ages] and residences of the heirs, next of kin [, devisees

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 [testamentary are prayed.]

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. [All petitions] A petition for the probate of a will and for

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. [Notice must be given as] The petitioner shall give notice of the

hearing for the period and in the manner provided in NRS 155.020 to the

heirs of the testator and the devisees [and legatees] named in the will, to all

persons named as [executors] personal representatives who are not

petitioning and to the administrator of the welfare division of thedepartment of human resources . [, and must state the filing of the petition,

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 [one] personal representative named in the will , [to execute it,] or if it

is presented by [one of several of such persons] fewer than all of the

personal representatives named in the will, [citation shall issue and] the

petition must be served upon [such] the personal representatives not

joining in the petition . [, if resident within the county. The citation shall be

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 [shall appear] appears to contest the probate

of a will , the court may admit it to probate on the testimony of only one of

the subscribing witnesses, if [such testimony shall show] that testimony

shows 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.

2. [In all cases where the witness resides at a distance of more than 25

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 , [interested under the will,] make and sign an affidavit

[before any person authorized to administer oaths in or out of the state,]

stating such facts as [they] a witness would be required to testify to in court

to prove the will. [The affidavit must be written on the will, or, if that be

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,

[are serving in or present with the Armed Forces of the United States or as

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 [shall] do not preclude the court, in

its discretion, from requiring in addition, the testimony in person , [or] by

deposition or by affidavit of any available subscribing witness, or proof of

such other pertinent facts and circumstances as the court [may deem] deems

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 [have] has the same force and effect

as would be required if the original will were produced.

2. [The court may authorize a photographic copy of the will to be

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 [in the same manner as

other private writings.] by authentication satisfactory to the court.

Sec. 131. NRS 136.200 is hereby amended to read as follows:

136.200 1. [Whenever] If a will is offered for probate and it appears

there are minors [,] or unborn members of a class who are interested, or if

it appears there are other interested persons [interested in the estate but]

who reside out of the county and are unrepresented, the court may, whether

there is a contest or not, appoint an attorney for [such minors or other

persons.] them.

2. [When] If a person for whom an attorney has been appointed,

pursuant to subsection 1, retains counsel and notifies the court of [such] the

retention, the court shall [thereupon] enter an order relieving the court-

appointed attorney of further obligation to represent [such] the person.

Sec. 132. NRS 136.220 is hereby amended to read as follows:

136.220 A copy of [the record of] the will and [decree] order admitting

it to probate, certified by the clerk in whose custody it may be, [shall] must

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 [Whenever any will shall be] If a will is lost by accident or

destroyed by fraud without the knowledge of the testator, the [district courtshall have power to] court may take proof of the execution and validity of

the will and [to establish the same,] establish it, after notice is given to all

persons , [having first been given,] as prescribed [in cases of] for proof of

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 be

accompanied by a written statement of, the testamentary words, or the

substance thereof. [If the will is established the provisions thereof must be

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

[the same shall be] it is proved to have been in existence at the death of the

person whose will it is claimed to be, or [be] is shown to have been

fraudulently destroyed in the lifetime of [such] that person, nor unless its

provisions [shall be] are clearly and distinctly proved by at least two

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

[legatees or] devisees claiming under the lost or destroyed will.

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 [shall have] left any

estate.

2. When a copy of the will and the order admitting it to probate ,

[thereof,] duly certified, [shall be] are presented by the executor, [his

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 [of] this

state, and that it was executed according to the law of the place in which

[the same] it was made, or in which the testator was at the time domiciled,

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, the [court shall appoint] clerk shall

set a time [and place of] for a hearing thereon, and notice [thereof shall]

must be given as [in case of an original will presented for probate.]

required by law on a petition for the original probate of a domestic will.

5. If it [appear] appears to the court that the [instrument ought to] will

should be admitted to probate in this state, as the last will and testament of

the [deceased,] decedent, the copy [shall] must be filed [and recorded,]

with the clerk, and the will [shall have] has the same effect as if originally

proved and admitted to probate in the court [.] of this state.

Sec. 137. Chapter 137 of NRS is hereby amended by adding thereto a

new 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 ,

[interested,] including a devisee [or legatee] under a former will, may

contest the will by filing written grounds of opposition to the probate

thereof at any time before the hearing of the petition for probate . [, and

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 the

contest within 30 days after service of the citation [which shall be madepersonally or by publication in the manner provided by the Nevada Rules

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. [On the trial, the] In the contest, the contestant is plaintiff

and the petitioner is defendant. The written grounds of opposition [shall]

constitute a pleading and [be] are subject to the same rules governing

pleadings as in the case of complaint in [an ordinary] a civil action.

2. [Any] An issue of fact involving the competency of the decedent to

make a [last will and testament,] will, the freedom of the decedent at the

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, [shall] must be tried

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 [shall] must be awarded

in accordance with the provisions of chapter 18 of NRS.

Sec. 140. NRS 137.030 is hereby amended to read as follows:

137.030 [On the trial,] In the contest, the testimony as to the

declaration of a testator [shall be] is admissible if contemporaneous with

the execution of the will insofar as the [same may relate] will relates to the

testator's intention , [of the testator, his] state of mind, [his] feelings,

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 , [;] or the death, absence or [insanity] incapacity of any of them

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 [;] and, as evidence of the execution, it may admit

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 [shall be] is satisfied upon the proof taken when

heard by the court, or by the verdict of a jury [in case] if a jury is had, that

the will was duly executed by [a person] the testator, who was at the timeof sound and disposing mind and not under duress, menace, undue

influence or fraudulent representation, the court, by [decree] order in

writing, shall admit the will to probate . [, whereupon the will and decree

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 [by him] in the form of an affidavit or

deposition and filed [, and shall be] with the court, and is admissible in

evidence in any subsequent contest of the will if the witness has died or has

permanently [removed] moved from the state.

Sec. 144. NRS 137.080 is hereby amended to read as follows:

137.080 [When] After a will has been admitted to probate , any

interested person other than a party to a contest before probate [and other

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

[admission of such] the order is entered admitting the will to probate,

contest the [same] admission or the validity of the will. [For that purpose

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 person

who 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 [shall] must be served and proceedings had

thereunder as in the case of a contest before probate. If the jury [shall find]

finds or the court [shall decide] decides that the will is invalid or is not the

last will of the testator, the court shall enter an order revoking the probate

of the will and letters testamentary. Thereupon the powers of the [executor

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 [heretofore]

previously admitted to probate.

Sec. 149. NRS 138.010 is hereby amended to read as follows:

138.010 1. If [any will shall have] a will has been admitted to

probate, the [district] court shall direct letters thereon to issue to the

[person or persons] personal representative named in the will , [to execute

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 [any such person be] a disqualified person is named as the sole

executor [or executrix in any] in a will, or if all persons so named are

[incompetent, or shall renounce the trust,] disqualified or renounce their

right to act, or fail to appear and qualify, letters of administration with the

will annexed [shall] must issue.

Sec. 151. NRS 138.040 is hereby amended to read as follows:

138.040 [When] If it appears by the terms of a will that it was the

intention of the testator to commit the execution [thereof] of the will and

the administration of [his] the estate of the testator to any person as

executor, [such] that person, although not named executor, is entitled to

letters testamentary in like manner as if [he] that person had been named

executor.

Sec. 152. NRS 138.045 is hereby amended to read as follows:

138.045 1. [Any] A person who is named as executor under a will,

either alone or with another or others, who is [not incompetent by virtue of]

otherwise qualified to act under NRS 138.020, may appoint a substitute if:

(a) The person [so] named in the will is unwilling or unable to undertake

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 [that] alternate designated in the will is unwilling or

unable to serve.

2. A person named as alternate executor who is not [incompetent by

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. [Any person interested in a will] An interested person

may file objections in writing to the granting of letters testamentary to the

person or persons named as executors, or any of them, and [such objections

shall] 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 [,] on the death of the sole or surviving executor [or

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

[proceedings] or upon the petition of any of [his bondsmen or] the sureties,

and upon such notice as the court [shall direct.] directs.

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, [such as shall be appointed shall] those

appointed have the same authority to perform every act and discharge

every [trust] duty required by the will, and their acts [shall be] are effectual

for every purpose as if all had been appointed . [, and should act together.]

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; [or

3. Who, upon proof, shall be]

3. Upon proof, is adjudged by the court [incompetent to execute the

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 [competent.] qualified.

2. A person in each of the foregoing classes is entitled:

(a) To appointment, if [such person] he is a resident of the State of

Nevada or is a banking corporation [whose principal place of business is]

which is authorized to do business in this state or which associates as

coadministrator a banking corporation [whose principal place of business

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

[competent] qualified persons, although not otherwise entitled to [the

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 [applicant or his counsel,] petitioner or the attorney for the

petitioner and filed with the clerk of the court, and must state:

(a) The jurisdictional facts;

(b) The names [, ages and post office] and addresses of the heirs of the

decedent and their relationship to the decedent, so far as known to the

[applicant;] petitioner, and the age of any who is a minor;

(c) The character and estimated value of the property of the estate; and

(d) That the [applicant] person to be appointed as administrator has

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 [named in the petition] and to the

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 [Any person] An interested person may contest the

[application] petition by filing a written opposition [thereto] on the ground

[of the incompetency of the applicant,] that the petitioner is not qualified

or may assert [his] the contestant's own right to the administration and

[pray] request that letters be issued to [himself.] the contestant. In the

latter case, [he] the contestant must file a petition and give the notice

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 death [, which may be

proved 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, [the] father, mother, brother

or sister of the [intestate,] decedent, any one of them , if otherwise

qualified, may obtain the revocation of the letters by presenting to the

[district] court a petition [praying] requesting the revocation, and that

letters of administration be issued to [him or her.] the petitioner.

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

[application, and shall issue] petition, and the petitioner shall serve a

citation [to] on the administrator to appear and answer the petition at the

time appointed for the hearing. The citation must be served on the

administrator 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 a

copy of the petition, has been duly served and notice given as [above

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 [intestate;] decedent, or any of [such] those relatives, when

letters have been granted to any other of them, may assert [his] the prior

right [,] of the spouse or nominee, and obtain letters of administration, and

have the previous letters [before granted] revoked in the manner prescribed

in NRS 139.150.

Sec. 171. NRS 139.170 is hereby amended to read as follows:

139.170 The court [, in its discretion,] may refuse to grant letters of

administration as provided in this chapter to any person or to the nominee

of any person who had actual notice of the first [application] petition and

an opportunity to contest [the same.] it.

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

[or judge may deem] deems reasonable, and [shall] must be made by entry

upon the minutes of the court or by written order signed and filed, which

[shall] must specify the powers to be exercised by the special administrator.

2. Upon the filing of the order , [being entered,] and after the person

appointed has given bond [as] if fixed by the [judge,] court, the clerk shall

issue special letters of administration, with a [certified] copy of the order

attached . [, to the person appointed.]

3. In making the appointment of a special administrator , the [district

judge 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 [or judge may direct,] directs,

with sureties to the satisfaction of the court , [or judge,] conditioned for the

faithful performance of [his duties ;] the duties, unless the court waives

bond; and

2. Take the usual oath [and have the same endorsed on his letters.

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 [debts] receivables of the deceased,

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 [suits]

actions and other legal proceedings as [an administrator.] a personal

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 as [may] have been conferred [upon him]

by the order of appointment.

(d) Obtain leave of the court to borrow money or to lease or mortgage

[or execute a deed of trust upon] real property in the same manner as [a

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 [charge] the control or possession of a

special administrator is subject to a mortgage [, lien or deed of trust,] or

lien to secure the payment of money, and there is danger that the holder of

the security may enforce or foreclose the [same,] encumbrance, and the

value of the property exceeds [in value] the amount of the obligation

thereon, then, upon petition of the special administrator or [of anyone

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. [When] If a special administrator is appointed pending

determination of a contest of a will instituted [prior to the probate thereof,]

before it is admitted to probate, or pending an appeal from an order

appointing, suspending or removing an executor or administrator, the

special administrator [shall have] has the same powers, duties and

obligations as [a general] an executor or administrator, and the letters of

administration issued to him [shall] must recite that the special

administrator is appointed with [the powers of a general administrator.]

those powers.

2. If a special administrator has been appointed, and thereafter a

proceeding to contest a will [prior to the probate thereof] before it is

admitted to probate has been instituted, the court shall [make] enter an

order [providing that] granting to the special administrator [shall thereafter

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

[the] a special administrator [shall] cease, and [he shall forthwith] the

special administrator shall immediately deliver to the executor or

administrator all the property and effects of the deceased in [his hands,] the

possession of the special administrator and the executor or administrator

may prosecute to final judgment any [suit] action commenced by the

special administrator.

Sec. 179. NRS 140.080 is hereby amended to read as follows:

140.080 [The] A special administrator shall also render an account,

under oath, of [his] the proceedings in like manner as other administrators

are required to do , [;] but if a person serving as special administrator is

appointed the succeeding [general] administrator or the executor, the

accounting otherwise due from [him as] the special administrator may be

included in [his] the first accounting as [general] administrator or executor.

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 substantially

the 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 or

remove 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

[shall] must be signed by the clerk and [shall be] under the seal of the

court.

Sec. 184. NRS 141.020 is hereby amended to read as follows:

141.020 Letters testamentary may be in substantially the following

form , [(] after properly entitling the court [and cause): "The last will of

................, 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 in

substantially [in] the following form , [(] after properly entitling the court

[and cause): "The last will of ................, deceased, having been duly

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 following

form , [(] after properly entitling the court [and cause): "This is to certify

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 [shall] have

been granted [shall die, become lunatic, be convicted of a felony,] dies,

becomes incapacitated or disqualified, or otherwise [become] becomes

incapable of executing the [trust, or, in case] duties of the office, or if the

letters [testamentary or letters of administration shall be] are revoked or

annulled according to law with respect to [any one executor or

administrator,] one personal representative, the remaining [executor or

administrator] personal representative shall proceed and complete the

[execution of the will or administration.] administration of the estate.

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

[trust,] duties of their office, or the authority of all of them is revoked or

annulled according to law, the [district] court shall direct letters [of

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 [An executor or administrator] A personal representative may

resign [his] the appointment at any time, by a writing filed [in the district]

with the court, to take effect upon the settlement of [his] the accounts. If,

however, by reason of any delay in [such] the settlement or for any other

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 [such executor or administrator and

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 estate

to the [person whom the court shall appoint to receive the same.] successor

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 [his] the personal representative's own

use [,] or mismanaged, or is about to waste or convert to [his] the personal

representative's own use, the property of the estate committed to [his

charge; or] the personal representative's charge;

2. Has committed or is about to commit any wrong or fraud upon the

estate; [or]

3. Has become [incompetent] disqualified to act; [or]

4. Has wrongfully neglected the estate; or

5. Has unreasonably delayed the performance of necessary acts in any

particular as [executor or administrator; he shall,] personal

representative,

the court may, by an order entered upon the minutes , [of the court,]

suspend the powers of the [executor or administrator] personal

representative until the matter can be investigated [.] , or take such other

action 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

[the effects of the estate, who shall give bond and account as other special

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. [When the suspension has been made,] If an order of

suspension is entered, the clerk shall issue a citation, reciting the order of

suspension, to the [executor or administrator] personal representative to

appear before the court at a time [therein to be] stated, as fixed by the court

, [or judge,] to show cause why [his] the letters of the personal

representative should not be revoked.

2. The citation [shall] must be served [by the sheriff or other person,]

as provided in [the Nevada Rules of Civil Procedure for service of

process.] NRS 155.050.

3. If the [executor or administrator] personal representative has

absconded or [concealed himself or has removed or absented himself from]

has left the state, the citation may be served by leaving a copy with [his]

the personal representative's attorney of record, if [he is] available, or in

such manner as the court may direct, and the court [shall have] has

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 [Any person] An interested person may appear at the hearing

and file allegations in writing, showing that the [executor or administrator]personal representative should be removed. [The allegations shall be heard

and determined by the court.]

Sec. 195. NRS 141.130 is hereby amended to read as follows:

141.130 1. If the [executor or administrator] personal representative

fails to appear [in obedience to] as required by the citation, or if [he] the

personal representative appears and the court is satisfied that good grounds

exist for [his removal, his letters shall] removal, the letters of the personal

representative must be revoked, and new letters [of administration granted

anew, as the case may require.] must issue.

2. In proceedings for the removal of [an executor or administrator,] a

personal representative, the court may compel [his] the attendance of the

personal representative by [attachment or other] proper process, and may

require [him] the personal representative to answer questions, on oath,

[touching his] relating to the administration, and, upon [his] refusal to do

so, may commit [him] the personal representative to jail until [he] the

personal representative obeys or may revoke [his] the letters, or both.

Sec. 196. NRS 141.140 is hereby amended to read as follows:

141.140 All acts of [an executor or administrator, as such,] a personal

representative before the revocation of [his letters testamentary or letters of

administration, 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 [testamentary or letters of administration]

may be issued to [the executor or administrator he shall] a personal

representative, the personal representative must take and subscribe an

oath or affirmation, before a person authorized to administer oaths, that

[he] the personal representative will perform according to law the duties of

[executor or administrator.] a personal representative. The oath must be

filed [and recorded] by the clerk.

2. The oath of a corporation appointed as [executor or administrator] a

personal representative may be taken and subscribed by [its president or

vice 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. [Except as provided in subsection 6, the] The requirement

of a bond of [an executor, administrator or successor executor or

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 the [trust]

office according to law, and the bond must be [recorded] filed by the clerk.

3. Personal assets of an estate may be deposited with a domestic

[banking or trust corporation] financial institution upon such terms as may

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

[executor or administrator] personal representative may be reduced

accordingly. The personal representative shall file with the clerk the

acknowledgment 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 [the] an estate whose value exceeds $10,000

may [make a written demand that the executor, administrator or any

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 [,] or required pursuant to subsection 4. 6. If a banking corporation, as defined in NRS 657.016, or trust

company, as defined in NRS 669.070, doing business in this state is

appointed [executor or administrator] the personal representative of the

estate of a [deceased,] decedent, no bond is required [of the executor or

administrator,] unless otherwise specifically required by the court.

Sec. 199. NRS 142.030 is hereby amended to read as follows:

142.030 The bond [shall not be] is not void upon the first recovery, but

may be sued upon from time to time by any person aggrieved in [his or her]

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 [an executor or administrator] a personal representative is

required by a court pursuant to the provisions of this [Title] chapter to

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

[himself] to the jurisdiction of the court which ordered the security, and

irrevocably appoints the clerk of that court as [his] the agent upon whom

any papers affecting [his] the surety's liability on the security may be

served. The liability of the surety may be enforced on [motion] petition

without the necessity of an independent action. The [motion] petition and

such notice of the [motion] hearing upon the petition as the court

prescribes may be served on the clerk of the court, who shall [forthwith]

mail copies to the surety [if his address is known.] at the surety's last

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 [the district judge] a court approves any bond

required [by this Title he may, of his] under this chapter, it may, on its

own motion, or at any time after the approval of a bond upon [motion of

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 [him] the court at a particular time and place to

testify [touching his or their] relating to the property and its value. The

[judge] court shall, at the time the citation is issued, cause a notice or

subpoena to issue to the [executor or administrator] personal

representative requiring his appearance at the return of the citation.

2. Upon the return of the citation , the [judge must swear] court shall

question the surety and such witnesses as may be produced [touching]

concerning the property [and its value] of the surety or sureties [.] and its

value. If, upon such investigation, the [judge] court is satisfied that the

bond is insufficient, [he] it may require sufficient additional security within

such time as [may be reasonable.] it may set.

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

[execute] post a sufficient bond, [shall] must be appointed to the

administration.

Sec. 204. NRS 142.070 is hereby amended to read as follows:

142.070 [When] If it is expressly provided in the will of a decedent

that no bond [shall] may be required of the [executor or executrix, letters

testamentary] personal representative, letters may issue without any bond

[having been given; but an executor or executrix,] being given, but a

personal representative to whom letters have been issued without bond [,]

may, at any time afterward, [whenever it shall be] if it is shown for any

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. [Whenever any person interested in an estate shall

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 [judge]

court may appoint, [he] it shall proceed to hear the matter , and if it

satisfactorily appears that the security, from any cause, is insufficient, [he

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 the

usual 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 [judge's] court's order , 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 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 [When]

1. If a petition is presented [praying that an executor or administrator]

requesting that a personal representative be required to give further

security, and [when it also shall be] if it is also alleged on oath or

affirmation that the [executor or administrator] personal representative is

wasting the property of the estate, the [judge] court may, by order, suspend

[his] the powers of the personal representative until the matter can be

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 [shall be] are valid if the

other is absent from the state, or for any cause is laboring under any legal

disability, and [when] if there are more than two, the acts of a majority

[shall be] are sufficient.

Sec. 214. NRS 143.020 is hereby amended to read as follows:

143.020 [The executor or administrator shall have] Except as

otherwise provided in NRS 146.010, a personal representative has a right

to the possession of all the real, as well as personal, property of the

[deceased] decedent and may receive the rents and profits of the [real]

property until the estate [shall be] is settled, or until delivered over by order

of the [district] court to the heirs or devisees, and shall make a reasonable

effort to keep in good tenantable repair all houses, buildings and [fences]

appurtenances thereon which are under [his control.] the control of the

personal 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

[deceased,] decedent, real and personal, except that exempted as provided

in this Title, and shall collect all [debts] receivables due the [deceased or

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 or

devisees. The possession of heirs or devisees [shall be] is subject, however,

to the possession of the [executor or administrator] personal representative

for all other purposes.

Sec. 216. NRS 143.035 is hereby amended to read as follows:

143.035 1. [An executor or administrator] A personal representative

shall use reasonable diligence in performing [his] the duties of the personal

representative and in pursuing the administration of the estate.

2. [An executor or administrator] A personal representative in charge

of an estate that has not been closed shall:

(a) Within 6 months after [his] the personal representative's

appointment, where no federal estate tax return is required to be filed for

the estate; or

(b) Within 15 months after [his] the personal representative's

appointment, where a federal estate tax return is required to be filed for the

estate,

file with the [district] court a report explaining why the estate has not been

closed.

3. Upon receiving the report, the [court] clerk shall set a time and place

for a hearing of the report . [, not later than 30 days nor sooner than 15 days

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

[executor or administrator] personal representative has used reasonable

diligence in [his] the administration of the estate, and if [he] the personal

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 [executor or administrator] personal representative

additional time for closing and order a subsequent report; or

(b) Revoke the letters of the [executor or administrator,] personal

representative, appoint a successor and prescribe a reasonable time within

which 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, [an executor

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. [When there was a partnership existing between the

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 [executor or

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 it

by [attachment; and the executor or administrator] any lawful process, and

the personal representative may maintain against [him] the surviving

partner any action which the [deceased] decedent could have maintained.

4. Upon any sale of a partnership interest , the surviving partner may

be 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 [may be directed by the court or judge thereof,] the court

directs, the court may authorize the [executor or administrator] personal

representative to continue the operation of the decedent's business to such

an extent and subject to such restrictions as may seem to the court to be for

the best interest of the estate and [those interested therein.] any interested

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. [Executors or administrators may maintain actions] A

personal representative may commence or maintain an action against any

person [or persons who shall have] who has wasted, destroyed, taken,

carried away or converted [to his or their own use,] the goods of the

[testator or intestate in his lifetime.] decedent.

2. [They] A personal representative may also commence or maintain

[actions] an action for trespass committed on the real property of the

[deceased] decedent while living.

Sec. 222. NRS 143.080 is hereby amended to read as follows:

143.080 Any person or [his personal representatives shall have] the

personal representative has a right of action against the [executor or

administrator 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

[parties interested in the estate maintain actions] interested persons,

maintain an action on the bond of [any former executor or administrator] a

former 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 [testamentary or

letters of administration, shall convert to his own use, take or alienate]

converts, takes or alienates any of the [moneys,] money, goods, chattels or

effects of [any deceased person, he shall stand] a decedent, that person is

chargeable and [be] liable to an action by the [executor or administrator of

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 cause [such] that person to be cited to appear

before the [district] court to answer, upon oath, upon the matter of the

[complaint.] petition.

2. If the person [be] is not in the county where letters have been

granted, [he] the person may be cited and examined either before the

[district] court of the county where [he] the person may be found, or before

the court issuing the citation. If [such] the person appears, and [shall be] is

found innocent, his necessary expenses [shall] must be allowed out of the

estate.

Sec. 226. NRS 143.120 is hereby amended to read as follows:

143.120 1. If the person so cited [should refuse] refuses to appear

and submit to examination or to testify [touching] concerning the matter of

the complaint, the court may commit the person to the county jail, there to

remain confined until [he shall obey] the person obeys the order of the

court or [be] is discharged according to law.

2. If, upon examination, it [shall appear] appears that the person has

concealed, converted , [to his own use,] smuggled, conveyed away, or in

any manner disposed of any [moneys,] money, goods or chattels of the[deceased,] decedent, or that [he has in his] the person has possession or

[under his] control of any deeds, conveyances, bonds, contracts [,] or other

writings [,] which contain evidence of, or tend to disclose the right, title,

interest or claim of the [deceased] decedent to any real or personal

property, claim or demand, or any last will of the [deceased, the district]

decedent, the court may [make] enter an order requiring the person to

deliver any such property or effects to the [executor or administrator]

personal representative at such time as the court may fix. [Should the

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 [such property shall be] the

property is prima facie evidence of the right of the [executor or

administrator] 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 [his estate.] the

estate of the decedent.

4. To obtain approval or authorization the [executor or administrator

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 [shall] must be sold for the payment

of debts in the same manner as prescribed in this Title for sales of real

property by [executors or administrators.] personal representatives.

3. The proceeds of all goods, chattels, rights or credits so received

[shall] , after reimbursement of costs and expenses of litigation advanced

by the creditor, must be applied in payment of debts in the same manner as

other personal property in the hands of [the executor or administrator.] a

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 [issuance]

entry of the temporary order unless the parties otherwise agree. Notice as

the court directs must be given by the petitioner to the personal

representative and [his] the attorney of record [,] of the personal

representative, if any, and to any other party named [defendant in the

petition.

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 [No executor or administrator shall] A personal

representative shall not directly or indirectly purchase any property of the

estate [he represents.] represented by the personal representative.

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, [executors and administrators are

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 [thereof] in the stock

certificate or registration books, if:

(a) The [executor's or administrator's] records of the personal

representative and all reports and [accounts he] accountings the personal

representative renders clearly show [such] the holding and the facts

regarding [such holding;] it; and

(b) The nominee deposits with the [executor or administrator] personal

representative a signed statement of the true interest of the [executor or

administrator.

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

[by him] by filing with the county clerk a written statement giving [his] the

changed address. [His] The permanent address shall be deemed to be that

contained in the last statement so filed by [him.] the personal

representative.

2. The taking of his oath of office by [an executor or by an

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

[in the office of the county] with the clerk.

4. The court in which the action is pending may order such

continuances as may be necessary to afford the [defendant] personal

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 [defendant] personal

representative within the State of Nevada.

Sec. 238. NRS 143.200 is hereby amended to read as follows:

143.200 No action to which [an executor or administrator or

administrator with the will annexed] a personal representative is a party

[shall abate] abates by reason of the death, disqualification, resignation or

removal of [such executor or administrator,] the personal representative,

but the person who is appointed, qualifies and is acting as [his successor

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. Every [executor or administrator] personal representative

shall make and [return to the court,] file with the clerk, within 60 days after

[his] appointment, unless the court [shall extend] extends the time, a true

inventory and appraisement or record of value of all the estate of the

[deceased which] decedent that has come to [his] the possession or

knowledge [.] of the personal representative.

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 the [executor or

administrator] 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. [Any such] The certified public accountant or expert in valuation is

entitled to a reasonable compensation for his services and may be paid the

compensation by the [executor or administrator] personal representative

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 [to the execution of his duty, each] ,

an appraiser, certified public accountant or expert in valuation shall certify

[that he will] a willingness to truly, honestly and impartially appraise or

value the property according to [the best of his] that person's best

knowledge and ability. The certification must be contained in the appraisal

or valuation or filed with the court.

2. [He] The appraiser, certified public accountant or expert in

valuation, shall then proceed to appraise the property of the estate. Each

item with [an assessed] a value of more than [$100] $500 must be set down

separately with the value thereof in dollars and cents in figures opposite

[to] each item.

3. [Any] An appraiser, certified public accountant or expert in

valuation who directly or indirectly purchases any property of an estate ,

[which he has appraised or valued,] without full disclosure to and approval

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. [The inventory shall] An inventory must include all the

estate of the [deceased,] decedent, wherever situated [.] , that is subject to

the jurisdiction of the court.

2. The inventory [shall] must contain:

(a) All the estate of the [deceased,] decedent, real and personal

. (b) A statement of all [debts,] receivables, partnerships, and other

interests, bonds, mortgages, notes, and other securities for the payment of

money, belonging to the [deceased,] decedent, specifying the name of the

debtor in each security, the date, the sum originally payable, [the

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 [shall] must also show:

(a) So far as can be ascertained, what portion of the estate is community

property and what portion is the separate property of the [deceased.]

decedent.

(b) An account of all [moneys] money belonging to the deceased

[which] that has come [to the hands of the executor or administrator.] into

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

[debt] receivable or demand which was due the testator [had against such

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

[executor shall be liable for the same as for so much money in his hands

when the debt or demand] personal representative is liable for it when it

becomes due, unless it [be] is proved that [he] the personal representative

had not, [either at that time or at any time] then or thereafter, any means

[wherewith] with which to pay [such debt] the receivable or demand, or

such part [thereof] as may remain unpaid, and that [such] the inability did

not arise from any fraud committed by [him,] the personal representative,

but any commissions allowed [shall] must be applied toward payment of

the [debts or demands.] receivable or demand.

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

[against] from any other person, [shall not be] is not valid against the

creditors of the [deceased, but shall] decedent, but must be construed as a

specific bequest only of [such debt] the receivable or demand. The amount

[thereof shall] must be included in the inventory and , [shall,] if necessary,

be applied in payment of [his debts.] claims of creditors of the decedent. If

not necessary for that purpose, it [shall] must be disposed of in the same

manner as other specific [legacies or bequests.] devises.

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

[testamentary or letters of administration, and the executor or administrator

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. [Whenever any property,] If property not mentioned in

[any inventory that has been made, comes to] an inventory filed with the

clerk comes into the possession or knowledge of the [executor or

administrator, 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 summary

administration 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 for

distribution 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 [testamentary or for letters of administration] must be given as

provided in NRS 155.010 . [, and the notice to creditors and to the

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 [When] If it is made to appear to the court that the gross value

of the estate does not exceed $200,000, the court may, if deemed advisable

considering the nature , [and] character and obligations of the estate [and

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 [,] to the

creditors for those required to be mailed, or 60 days after the first

publication of the notice to creditors pursuant to NRS 155.020, and within

10 days thereafter the [executor or administrator shall act on the claims

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 [,] and allowed

by the [executor or administrator, and approved by the judge,] personal

representative, must then, and not until then, be ranked as an

acknowledged 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 [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 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 if

previously allowed by the [executor or administrator.] personal

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 [1.] The administration of the estate may be closed and

distribution made at any time after the expiration of the time for the [judge]

personal representative to act on the claims, [when it shall appear] if it

appears to the court that all the debts of the estate, expenses and charges of

administration and allowances to the family, if any, have been paid, and the

estate is in condition to be finally settled.

[2. The court or judge must be satisfied that proper notice of

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 [deceased and his] decedent and the surviving spouse which is

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, [when any] if a person

dies leaving a surviving spouse or a minor child or minor children, the

surviving spouse, minor child or minor children are entitled to remain in

possession of the homestead and of all the wearing apparel and provisions

[on hand] in the possession of the family, and all [of] the household

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 [return] filing of the inventory or at any time

thereafter during the administration [, the court or judge, of his own motion,

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 [settlement] administration of the

estate, which, in case of an insolvent estate, [shall] may not be longer than

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 [shall] must be granted only

to those who do not have [not] such maintenance, or [such] the allowance

may be apportioned in such manner as may be just.

Sec. 265. NRS 146.040 is hereby amended to read as follows:

146.040 [Any] An allowance made by the court [or judge] in

accordance with the provisions of this chapter [shall] must be paid by the

[executor or administrator] personal representative in preference to all

other charges, except funeral charges, expenses of last illness and expenses

of administration. This may, in the discretion of the court [or judge]

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 [the husband and wife,]

spouses, or either of them, during their [coverture,] marriage, and recorded

while 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, [but] a homestead [is] may be set

apart by the court [for a limited period] to the family of the decedent [, asprovided in this chapter, it] for a limited period if deemed advisable

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 [this] the setting apart:

(a) If set apart from [his] the separate property [,] of the decedent, in the

heirs or devisees of the decedent.

(b) If set apart from community property, one-half in the surviving

spouse [,] and one-half in the devisees of the decedent, or if no

[testamentary] disposition is made , then entirely in the surviving spouse.

3. [If the homestead is set apart by the court for a limited period of

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. [When] If a person dies leaving an estate [,] the gross

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 [deceased,] decedent, the estate must not be administered upon, but the

whole [thereof,] estate, after directing such payments as may be deemed

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 the

support of the minor child or minor children, if there is no surviving

spouse. Even [though] if there is a surviving spouse, the court may, after

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. [When] If there is no surviving spouse or minor child of the

[deceased] decedent and the gross value of a decedent's estate, after

deducting any encumbrances, does not exceed $50,000, upon good cause

shown [therefor, the judge may] , the court shall order that the estate

[must] not be administered upon , but the whole [thereof must] estate be

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 [the] a valid will of the decedent, and if there is no valid will,

pursuant to intestate succession.

3. [All proceedings] Proceedings taken under this section, whether or

not the decedent left a valid will, must not begin until at least 30 days after

the death of the decedent and must be originated by a [verified] petition

containing:

(a) A specific description of all [of] the decedent's property.

(b) A list of all the liens and [encumbrances] mortgages of record at the

date of [his] the decedent's death.

(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 [, ages] and residences of the [decedent's heirs, devisees

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 shall

give notice of the petition and hearing in the manner provided in NRS

155.010 to the decedent's heirs [, devisees and legatees] and devisees and

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 [any] a minor heir or

[legatee,] devisee, with or without the filing of any bond, or to a custodian

under chapter 167 of NRS, or may require that a general guardian be

appointed and that the estate be distributed to the guardian, with or without

bond , as in the discretion of the court [seems] is deemed to be in the best

interests 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. [When] If a decedent leaves no real property, nor interest

therein , nor mortgage or lien thereon, in this state, and the gross value of

the 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 [, a person who is the sole beneficiary under the last will and

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 [application or] petition for the appointment of a personal

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 [his] the affiant's claim and describing the

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 [that he understands] an

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 [he] the affiant receives is subject to all debts of the

decedent. (b) Fails to give notice to other successors as required by subsection 2,

any money or property [he] the affiant receives is held by [him] the affiant

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 [such] that information,

and if [he] the person relies in good faith, [he] the person is immune from

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

[it] the estate consists of stocks or bonds which must be transferred by an

agent outside this state, any person qualified under the provisions of

subsection 1 to have the stocks or bonds or other property transferred [to

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 [prayer requesting] request for the court to issue an order

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 [issue]

enter an order directing the transfer.

Sec. 269. NRS 147.010 is hereby amended to read as follows:

147.010 [An executor or administrator] A personal representative

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 [an executor or administrator] a personal representative

dies, resigns or is removed after the expiration of the time for the

publication or mailing of notice to creditors, [his] the successor need not

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 , [thereof,] with the affidavit of publication or, if notice is mailed,

with [proof] a certificate of mailing, must be filed with the clerk . [of the

court.]

Sec. 272. NRS 147.040 is hereby amended to read as follows:

147.040 1. [All persons having claims,] A person having a claim,

due or to become due, against the [deceased] decedent must file [their

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 rejection

to the [judge.] court. Its allowance by the [judge] court is sufficient

evidence of its correctness, and it must be paid as other claims in due

course of administration.

2. If the [judge] court rejects the claim, action thereon may be [had

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 [executor or administrator or by such]

designated judge, the claimant has the same right to [sue] bring an action

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. [Every] A claim for an amount of $250 or more filed with

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 [an executor or administrator] a

personal representative to the claimant at the address furnished is proper

notice.

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, [in its

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 [the claim be] a claim is founded upon a bond, bill,

note or other instrument, the original instrument need not be filed, but a

copy, with all endorsements, [may] must be attached to the statement of the

claim and filed therewith.

2. If [the claim be] a claim is secured by mortgage [, deed of trust, or

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 filed [therewith.]

with 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 the

administration of the estate.

Sec. 278. NRS 147.100 is hereby amended to read as follows:

147.100 [If an action be]

1. Except as otherwise ordered by the court for good cause shown, an

action or proceeding pending against [the deceased] a decedent at the time

of his [or her death, the plaintiff, in like manner, shall file his claim with the

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 [executor or administrator]

personal representative shall examine all claims filed and shall either

endorse on each claim [his] an allowance or rejection, with the day and the

year thereof, or shall file a notice of allowance or rejection with the date

and the year thereof, and [such] the notice of allowance or rejection [shall]

must be attached to the claim allowed or rejected [.

2. 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 [, when] approved by the [judge, shall] personal

representative or the court must be ranked among the acknowledged debts

of 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. [When] If a claim is rejected by the [executor or

administrator or the district judge,] personal representative or the court, in

whole or in part, the [holder] claimant must be immediately notified by the

[executor or administrator, and the holder] personal representative, and

the claimant must bring suit in the proper court against the [executor or

administrator] 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 [suit] action brought upon a claim rejected in whole or in

part by the [executor or administrator, if the executor or administrator]

personal representative, if he resides out of the state [,] or has departed

from 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 [the executor or administrator,] him, with a copy to the attorneyfor the estate, and proof of the mailing must be filed with the [county clerk

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 [shall] may maintain an

action thereon unless the claim is first filed with the clerk [,] and the claim

is rejected in whole or in part, except in the following case: An action may

be brought by the holder of a mortgage [or lien] to enforce the [same]

mortgage against the property of the estate subject thereto [where] if all

recourse 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. [Whenever the executor or administrator or the district

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

[shall recover] recovers a greater amount than that offered to be allowed.

Sec. 285. NRS 147.170 is hereby amended to read as follows:

147.170 1. If the [executor or administrator] personal representative

doubts the correctness of any claim filed [or presented he] , the personal

representative may enter into an agreement in writing with the claimant to

refer the matter in controversy to some disinterested person, as a master, to

be approved by the court [or a judge thereof, which] , and the agreement

and approval [shall] must be filed with the clerk . [, who shall thereupon]

The court shall enter an order referring the matter in controversy to the

person so selected [; or,] , or if the parties consent, [a reference may be

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 [his] the report, and adjudge costs, as in actions against

[executors or administrators,] personal representatives, and the judgment

of the court thereon [shall be] is as valid and effectual, in all respects, as if

the [same] judgment had been [rendered in a suit] entered in an action

commenced by ordinary process . [; but the report of the master, if

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 [executor or administrator,] personal representative, with the approval

of the court, may compromise any claim against the estate or any [suit]

action brought against the [executor or administrator] personal

representative as such by the transfer of specific assets of the estate or

otherwise.

2. To obtain such approval, the [executor or administrator] personal

representative shall file a [verified] petition with the clerk showing the

advantage of the compromise.

3. The clerk shall set the petition for hearing [by the court, and] , and

the personal representative shall give notice thereof [shall be given] for

the 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 [shall] must be executed by the

[executor or administrator] personal representative in the same manner as

provided in NRS 148.280, and [such conveyances shall] have the same

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, [lies.] is located.

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 [shall] must be that the

[executor or administrator] personal representative pay, in due course of

administration, the amount ascertained to be due.

2. A certified copy of the judgment [shall] must be filed in the estate

proceedings.

3. No execution [shall] may issue upon the judgment, nor [shall] does

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 [lien.]

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 [deceased in his or her] decedent in the decedent's lifetime , no

execution [shall issue thereon after his or her death;] may issue after death,

but a certified copy of the judgment [shall] must be attached to the

statement of claim filed with the clerk and [shall] must be acted on as any

other claim.

2. If an execution has been [actually] levied upon any property of the

[deceased in his] decedent in the decedent's lifetime , the [same] property

may be sold for the satisfaction [thereof,] of the judgment, and the officer

making the sale shall account to the [executor or administrator] personal

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

[such executor or administrator,] the personal representative, or by some

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 convey

or 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 for

the 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 to

be 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 due

notice 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 of

the 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 any

property 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 provided [by NRS 148.010 and 148.020.] in sections 344 and

384 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 as

to the mode of selling, or the particular property to be sold, [such] those

directions must be observed.

Sec. 302. NRS 148.090 is hereby amended to read as follows:

148.090 If the [executor or administrator] personal representative

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[those interested therein, or when the executor] interested persons, or if the

personal representative is directed by the will to sell the [same, any

person] 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 [the same] damages in

an action upon the bond of the [executor or administrator] personal

representative or otherwise.

Sec. 304. NRS 148.110 is hereby amended to read as follows:

148.110 1. The [executor or administrator] personal representative

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 , the [executor or administrator]

personal representative may grant an exclusive right to sell and shall

provide for the payment to the agent, broker , or multiple group of agents

or 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. [When] If the sale is

confirmed to the purchaser , the contract is binding and valid as against the

estate for the amount so allowed by the court.

2. By the execution of any such contract no personal liability [attaches

to the executor or administrator,] is incurred by the personal

representative, and no liability of any kind is incurred by the estate unless

[an actual] a sale is made and confirmed by the court.

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 [may] must be

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. [When] If real or personal property is sold [, which] that

is subject to a mortgage [, deed of trust,] or other lien which is a valid claim

against the estate, the purchase money must be applied , after paying the

necessary expenses of the sale [, first,] : (a) First, to the payment and satisfaction of the mortgage [, deed of

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 [, deed of trust,] or other lien upon the property

[shall cease,] ceases, and the purchase money must be paid over by the

clerk [of the court] without delay, in payment of the expenses of sale, and

in satisfaction of the obligation [to secure which] secured by the mortgage

[, deed of trust,] or other lien, [was taken,] and the surplus, if any, at once

returned to [the executor or administrator,] personal representative unless,

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 [any] a sale of real or personal property upon which there

is a mortgage [, deed of trust,] or lien, the holder thereof may become the

purchaser, and [his] the receipt for the amount due [him] to the holder from

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. [It shall be lawful for an executor or administrator to] A

personal representative may sell the equity of the estate in any property

which is subject to [any encumbrance, and to] a mortgage or lien and sell

the [same] property subject to the [encumbrance and to the debt thereby

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 , [;] but the [executor, administrator or special

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. [Stocks and bonds may be sold and title thereto passed

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 provided [by] in NRS 148.080,

148.170 and 148.180 and in summary administration under chapter 145 of

NRS, [the executor or administrator] a personal representative may sell

personal property of the estate only after [he has caused notice to be

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 [the time and place of sale, and] a brief description

of the property to be sold [.] , a place where bids or offers will be received,

and a day on or after which the sale will be made.

2. Public sales [must] may be made at the courthouse door, at some

other public place, at the residence of the decedent or at a place designated

by the [executor or administrator;] personal representative, but no sale

may be made of any personal property which is not [present] available for

inspection at the time of sale, unless the court [shall otherwise order.]

otherwise 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 portion [thereof lies,] of the property, is located, if there

is one so published [(if none,] , and if not, then in such paper as the court

[or judge may direct)] directs, for 2 weeks, being [3] three publications, 1

week apart, before the day of 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.

2. [When, however,] If it appears from the inventory and appraisement

that the value of the property to be sold does not exceed [$500, the

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

[thereof lies,] of the property, is located, for 2 weeks 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.

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. [Sales] A sale at public auction must be made in the

county in which the [land lies, and if it lies] real property is located, and if

it is located in two or more counties, it may be sold in either. The sale must

be made between the hours of 9 a.m. and [the setting of the sun on the same

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 [day] must be at least [15 days

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 [1 week,] 8 days, and may provide that the sale

may be made on or after a day less than [15] 2 weeks, but not less than 8days [from] after the first publication or posting of the notice, in which

case the notice of sale and the sale may be made to correspond with [such]

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 [executor or administrator

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 real

property at private sale [shall] may be confirmed by the court unless the

court is satisfied that the sum offered represents the fair market value of the

property sold, nor unless [such] the real property has been appraised within

1 year [of] before the time of [such] sale. If it has not been appraised, a

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 [witnesses] the evidence in relation to the sale.

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 [make] enter an order

confirming the sale and directing conveyances to be executed [; otherwise]

otherwise, it shall vacate the sale . [and direct another to be had, of which]

If the court directs that the property be resold, notice must be given and

the sale in all respects conducted as if no previous sale had taken place.

3. [But if] If a written offer of 5 percent or $5,000 more in amount than

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. [Conveyances so made convey] A conveyance so made conveys all

the right, title, interest and estate of the decedent in the [premises] property

at the time of his death , [;] and if [prior to] before the sale, by operation of

law or otherwise, the estate has acquired any right, title or interest in the

[premises,] property other than or in addition to that of the decedent at the

time of his death, [such] that right, title or interest also passes by [such

conveyances.] the conveyance.

Sec. 320. NRS 148.290 is hereby amended to read as follows:

148.290 1. If a sale is made upon [a] credit, the [executor or

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 [an executor or

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

[his executor or administrator,] the personal representative in the same

manner as if [he] the decedent had died seised of [such] the property, and

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

[hereinafter provided.] otherwise provided in this chapter.

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 [executor or administrator]

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 [when] if no claim has been made against

the estate upon the contract and time for filing or presenting claims has

expired, nor [when] if 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. 326. NRS 148.350 is hereby amended to read as follows:

148.350 Upon the confirmation of the sale, the [executor or

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

[authorizing and] directing the [executor or administrator] personal

representative to enter into [such] the agreement of sale or to give [such]

the option to purchase.

2. The order may prescribe the terms and conditions of the agreement

or option.

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 agreement or option, or any portion thereof, [lies.] is located.

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 [executor or administrator, who shall not

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 the

proceedings 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

[some] a security interest or agreement or lien or mortgage [or deed of trust

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 or

notes [,] and, in a proper case, to execute such mortgage, [or deed of trust,]

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. [When] If property of the estate consists of an undivided fractional

interest in real or personal property, and it [shall appear] appears to be to

the advantage of the estate to borrow money in order to improve, utilize,

operate or preserve [such] the property jointly with the other co-owner or

co-owners, or in order to pay, reduce, extend or renew some security

interest or agreement, lien [, mortgage or deed of trust already subsisting

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 [executor or administrator, or any person interested

in the estate,] personal representative or an interested person shall file a

[verified] petition showing:

(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 [such deed of trust,] the security agreement or other lien.

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. 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 [thereto] that may have been filed or presented . [; and if,] If,

after a [full] hearing, the court is satisfied that it will be to the advantage of

the estate, it shall [make] enter an order [authorizing and] directing the

[executor or administrator] personal representative to borrow the money

and to execute [such] the note or notes, and, in a proper case, to execute

[such mortgage or deed of trust, or to] the mortgage or give other security

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, [and may direct in what coin or currency it shall be

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 [executor or administrator] personal representative shall

execute, acknowledge and deliver the mortgage [, or deed of trust,] or other

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 [, or

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

[make] enter the order for the note or notes [,] and mortgage [,] or security

agreement [or deed of trust, and such jurisdiction shall conclusively inure] ,

and the jurisdiction conclusively inures to the benefit of the mortgagee

named in the mortgage [,] or the secured party named in the security

agreement [or the trustee and beneficiary named in the deed of trust, his or

their] and the heirs, successors and assigns [.] of the secured party.

3. No omission, error or irregularity in the proceedings [shall impair or

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 ,

[or deed of trust,] if the proceeds of the sale of the encumbered property are

insufficient to pay the note or notes, the mortgage [,] or security agreement

, [or deed of trust,] and the costs or expenses of sale, no judgment [shall]

may be had or allowed [,] except in cases where the note or notes [,

mortgage,] or mortgage or security agreement [or deed of trust were] was

given to pay, reduce, extend or renew a lien [or mortgage,] , mortgage or

security agreement [or deed of trust subsisting] existing at the time of the

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 [Whenever it shall appear] If it appears to be to the advantage

of the estate to lease any real property of the decedent, and as often as

occasion [therefor shall arise] arises in the administration of the estate, the

court may [authorize and] direct the [executor or administrator] personal

representative to execute [such] the lease.

Sec. 339. NRS 149.070 is hereby amended to read as follows:

149.070 1. To obtain such an order the [executor or administrator, or

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 [authorizing and] directing the [executor or administrator to make

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 [land] property covered by the

lease is included in an agreement with lessees, operators or owners of other

[lands] property for cooperative development or unit operation of a largerarea including the leased [lands,] property, so long as oil, gas or other

hydrocarbon substances or natural steam are produced in paying quantities

from any of the [lands] property included in any such agreement or drilling

operations are conducted thereon.

6. A certified copy of the order [shall] must be recorded in the office

of the county recorder of every county in which the leased [land,] property,

or any portion thereof, [lies.] is located.

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 an

order 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 and

disbursements 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 [his services such fees] services as provided by law [; but when the

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 [executor] personal representative files a renunciation,

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. [When] If no compensation is provided by the will, or the

[executor] personal representative renounces all claims thereto, [he] fees

must be allowed [commissions] upon the whole amount of the estate which

has been accounted for [by him,] , less liens and encumbrances, as

follows:

(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 [commissions] fees must be allowed to [administrators.]

the personal representative if there is no will.

3. If there are two or more [executors or administrators,] personal

representatives, the compensation must be apportioned among them by the

court according to the services actually rendered by each.

[4. In all cases an additional allowance may be made by the court for

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 [may deem]

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

[executor or administrator] personal representative to prosecute, defend or

perform.

Sec. 350. NRS 150.040 is hereby amended to read as follows:

150.040 [All contracts between an executor or administrator and an

heir, devisee or legatee] A contract between a personal representative and

an heir or devisee for a higher compensation than that allowed by NRS

150.020 and 150.030 [shall be] is void.

Sec. 351. NRS 150.050 is hereby amended to read as follows:

150.050 1. [Any executor, administrator or special administrator] A

personal representative, at any time after the issuance of letters

[testamentary or of administration,] and upon such notice to the interested

persons [interested in the estate] as the court [or a judge thereof shall

require,] requires, may apply to the court for an allowance upon his

[commissions.] fees.

2. On the hearing, the court shall [make] enter an order allowing him

such portion of [his commission,] the fees, for services rendered up to that

time, as the court deems proper, and the portion so allowed may be

[thereupon] charged against the estate.

Sec. 352. NRS 150.060 is hereby amended to read as follows:

150.060 1. Attorneys for [executors, administrators and special

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

[application] petition is not attached to the notice, the notice must include a

statement of the amount of the fee which the court will be requested to

approve or allow.

3. On similar [application,] petition, notice and hearing, the court may

make an allowance to an attorney for services rendered up to a certain time

during the proceedings.

4. [Any heir, devisee or legatee] An heir or devisee may file objections

to [an application made] a petition filed pursuant to this section, and the

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 to

compensation 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 heirs

was of value to the decedent's entire estate as such and not of value only to

[the minor, absent or nonresident] those heirs, the court shall order that all

or part of the attorney's fee be paid to the attorney out of the [funds] money

of the decedent's entire estate as a general [administration] administrative

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. [Every executor and administrator shall be chargeable in

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 [with] for all the interest, profit and income of

the estate.

2. [No executor or administrator shall be] A personal representative is

not accountable for any debts due the deceased that remain uncollected

without his fault.

3. [He] A personal representative shall not make profit by the increase

nor suffer loss by the decrease or destruction of any part of the estate

without his fault. [He] The personal representative shall account for the

excess when [he shall sell] any part of the estate is sold for more than the

[appraisement,] inventoried value and, if any [be] assets are sold for less

than [the appraisement, he shall not be] that value, the personal

representataive is not responsible for the loss if the sale has been made

according to law.

Sec. 354. NRS 150.080 is hereby amended to read as follows:

150.080 [1. Whenever] If required by the court , [or a judge thereof,

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 [executor or administrator] personal representative

fails to [render and file his] file the first account within the time specified

in NRS [150.090,] 150.080, the court [or judge] shall order a citation to

issue requiring [him] the personal representative to file the account by a

time to be stated in the citation, as fixed by the court , [or judge,] or appear

and show cause why [he] the personal representative should not be

compelled to file the account.

2. If [he] the personal representative fails to file the account by the

time stated, or show cause why [he should] not, the court, by attachment or

other proper process, may compel [him] the personal representative to file

such an account or may revoke [his letters, in the discretion of the court,]

the letters, or both, and like action may be [had] taken in reference to any

subsequent account [he] the personal representative may be [ordered]

required to file.

Sec. 356. NRS 150.110 is hereby amended to read as follows:

150.110 1. [Whenever] If all the property of an estate [shall have]

has been sold or there [shall be sufficient funds in his hands] is money

available for the payment of all debts due by the estate, and the estate [be]

is in a proper condition to be closed, the [executor or administrator shall

render and file his] personal representative shall file a final account and

[pray for] request a settlement of his administration.

2. If [he] the personal representative neglects to [render and file his]

file a final account , the same proceedings may be had as prescribed in this

chapter in regard to the first account to be filed by [him,] the personal

representative, and all the provisions relative to the first account, and the

notice and settlement thereof , [shall] apply to [his] the account for final

settlement.

Sec. 357. NRS 150.120 is hereby amended to read as follows:

150.120 [Whenever] If the authority of [an executor or administrator

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 [the executor or administrator] a personal

representative dies or becomes [incompetent, his] incapacitated, the

accounts may be presented to the court by [his] the personal representative

or guardian [to, and settled by, the court in which the estate of which he

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

[deceased or incompetent executor or administrator,] decedent or

incapacitated personal representative, the court may compel [the attorney

for 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 allowed [such items.

5. 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. [When] If an account [is rendered and set for settlement

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. [Any person interested in the estate] An interested person

may appear and file written [exceptions] objections to the account and

contest [the same.] it.

2. Upon the hearing, the [executor or administrator] personal

representative may be examined [on oath touching] under oath

concerning the account and the property and effects of the decedent and

the disposition thereof. 3. All matters, including allowed claims, not [passed upon on]

addressed in the settlement of any former account , and not reduced to

judgment, may be contested for cause shown.

Sec. 363. NRS 150.180 is hereby amended to read as follows:

150.180 1. If [there be] a minor is interested in the estate who has no

legally appointed guardian, the court may appoint [some] a disinterested

attorney to represent him who [, on behalf of the minor,] may contest the

account as any other interested person [having an interest] might contest it.

2. The court may also appoint an attorney to represent unborn,

incapacitated or absent heirs and devisees . [and legatees.]

3. All matters, including allowed claims not [passed upon on]

addressed in the settlement of any former account, or [on making a decree]

in entering an order of sale, may be contested by interested [parties]

persons for cause shown.

4. [Any] An attorney so appointed [shall] must be paid [a reasonable

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 [shall] may be allowed by the court until it [be] is

first proved that the notice required by this chapter has been given, and the

order [or decree shall] must show that such proof was made to the

satisfaction of the court . [and shall be] The order is conclusive evidence of

the fact.

Sec. 365. NRS 150.200 is hereby amended to read as follows:

150.200 [At the time any] If an account comes before the court for

allowance [, if] and there are no [exceptions] objections filed by any

interested person , [interested in the estate,] and the account is made to

appear to the court to be correct and according to law, the court [may] shall

allow and confirm the account.

Sec. 366. NRS 150.210 is hereby amended to read as follows:

150.210 [The] An order settling and allowing [the] an account, when it

becomes final, is conclusive against all interested persons [interested in the

estate, saving, however, to persons] , but a person under legal disability [,]

has the right to move for cause to reopen and examine the account, or to

proceed by action against the [executor or administrator] personal

representative or his sureties at any time before final distribution , [;] and

in any such action [such] , the order is prima facie evidence of the

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.

[2.] 3. The expenses of the last [sickness.

3.] illness

. 4. Family allowance.

[4.] 5. Debts having preference by laws of the United States.

[5.] 6. Money owed to the department of human resources as a result

of the payment of benefits for Medicaid.

[6.] 7. Wages 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. 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.

[7.] 8. Judgments rendered against the deceased in his lifetime, and

mortgages in order of their date. The preference given to a mortgage [must

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,

[shall,] during the administration of the estate and until the property is

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 [executor or

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

[same] amount as the holder would be entitled to if the claim were due,

established or absolute, must be paid [into court,] to the clerk and there

remain, to be paid over to the holder when [he] the holder becomes entitled

thereto [;] or, if [he] the holder fails to establish [his] a claim, to be paid

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 [when]

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. [Whenever] If an order [shall be made] is entered by the

court for the payment of creditors, the [executor or administrator shall be]

personal representative is personally liable to each creditor for the amount

of his claim, or the dividends thereon, and execution may be issued upon

[such] the order as upon a judgment in any other action, in favor of eachcreditor, and the same proceedings may be had under the execution as if it

had been issued upon a judgment.

2. The [executor or administrator shall also be] personal

representative is also liable on his bond to each creditor.

Sec. 373. NRS 150.270 is hereby amended to read as follows:

150.270 [When] After the accounts of the [executor or administrator]

personal representative have been settled and an order [made] entered for

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 or legatees,] or

devisees to contribute to the payment of [his claim;] the claim, but if the

[executor or administrator] personal representative has failed to give the

notice to creditors, as prescribed by law, [such] that creditor may recover

on the bond of the [executor or administrator] personal representative the

amount for which [his] the claim would properly have been allowed.

Sec. 374. NRS 150.280 is hereby amended to read as follows:

150.280 1. [When the whole of] If all the debts and liabilities of an

estate have been paid, and the estate is in a condition to be closed, the court

shall [proceed to] direct the payment of [legacies] devises and the

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

[proceed to] direct the payment of [legacies] devises and the distribution of

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 [150.390, inclusive, shall be known and]

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 [Except where the context otherwise requires, as] As used in

NRS 150.290 to [150.390, inclusive:

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 [such inter vivos] the instrument.

Sec. 378. NRS 150.330 is hereby amended to read as follows:

150.330 1. The proration [shall] must be made by the court having

jurisdiction [in probate] of any property in the estate in the proportion [, as

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 [such] the charitable gift; except that [when] , if

an interest is subject to a prior present interest which is not allowable as a

deduction, the estate tax apportionable against the present interest [shall]

must be paid from principal.

4. [Any] A deduction for property previously taxed and [any] a credit

for gift taxes or taxes of a foreign country paid by the decedent or his estate

[shall inure] inures to the proportionate benefit of all persons liable to

apportionment.

5. [Any] A credit for inheritance, succession or estate taxes or taxes in

the nature thereof in respect to property or interests includable in the gross

estate [shall inure] inures to the benefit of the persons or interests

chargeable with the payment of [such] the taxes to the extent or in

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 [shall] must not be included in the computation provided for in

subsection 1 , and to that extent , no apportionment [shall] may be made

against [such] that property.

7. The values used for federal estate tax purposes [shall be] are the

values used as the basis for apportionment. 8. [Whenever] If the court finds that it is inequitable to apportion

interest and penalties in the same manner as the principal of the estate tax

by reason of special circumstances , it may direct apportionment of interest

and penalties in a manner different from principal.

Sec. 379. NRS 150.350 is hereby amended to read as follows:

150.350 1. [In all cases in which] If any property required to be

included in the gross estate does not come into the possession of the

[executor or administrator,] personal representative, he shall [be entitled,

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 [probate] court may

direct the payment of [such amount of tax by such persons to the executor

or administrator.] that amount by those persons to the personal

representative.

2. The provisions of subsection 1 [shall also be applicable] also apply

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 [such] the other state

refuses to enforce [such] the apportionment, in which case apportionment

may be made in accordance with the law which would be applied by [such]

the other state.

3. [Any] A person interested in the estate from whom apportionment

[shall be] is required under subsections 1 and 2 [shall] must also be

charged with the amount of reasonable expenses, including [executor's,

administrator's] the personal representative's and attorney's fees, in

connection with the determination of the tax and the apportionment thereof.

[Such expenses shall] Those expenses must be determined and collected in

like manner as the tax.

Sec. 380. NRS 150.360 is hereby amended to read as follows:

150.360 1. The [probate] court, upon making a determination as

provided in NRS 150.290 to [150.390,] 150.380, inclusive, shall [make a

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 [such] the determined amounts to [such

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 in

this 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 the

residuary 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 [testamentary or letters of administration, the executor or

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

[legacy, devise or] share of the estate, or any portion thereof, to any person

entitled thereto, upon [such] the person giving a bond, with approved

security, for the payment of [such] the person's proportion of the debts of

the estate.

2. The court may dispense with a bond if it [be] is made to appear that

the [same] bond is unnecessary.

Sec. 389. NRS 151.020 is hereby amended to read as follows:

151.020 [When the petitioner is not the executor or administrator,

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.] 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.

Sec. 390. NRS 151.030 is hereby amended to read as follows:

151.030 The [executor or administrator, not petitioning, or any person

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 [subsections 3 and 4, if, on

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 [decree] order may direct the [executor or administrator]

personal representative to deliver to the petitioner or petitioners the whole

portion of the estate to which [he, she or they may be] each is entitled, or a

part [only thereof.

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. [Whenever any] If a bond or other security has been

executed and delivered as prescribed in NRS 151.040, and the [executor or

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

[party bound, requiring him or her,] parties bound, requiring them, at a

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 [shall] should not

be made.

2. [At the hearing, the] The court, if satisfied of the necessity for [such]

the payment to be made, shall [make] enter an order [accordingly,]

designating the amount and giving a time in which it shall be paid.

3. If the money [be] is not paid within the time allowed, an action may

be maintained by the [executor or administrator] personal representative

on the bond [.] or other security.

4. Similar proceedings may be [had against a distributee when]

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 [decree, any partition be] order,

partition is necessary between two or more of the parties, it [shall] must be

made 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 [shall] must

be paid by the [applicant,] heir or devisee or, if there are more than one,

[shall be apportioned equally] must be prorated among them.

Sec. 395. NRS 151.080 is hereby amended to read as follows:

151.080 1. [When an executor or administrator] If a personal

representative files his final account [,] with a petition [praying for]

requesting the allowance and confirmation thereof, he may also include in

the petition a [prayer] request for the distribution of the estate. Upon the

settlement and allowance of the final account, the court may also [decree]

order a distribution of the residue of the estate, if any, among the persons

who are by law entitled [.] thereto.

2. If a final account [be] is settled and allowed without [a decree] an

order of distribution, the [executor or administrator, or any heir, devisee or

legatee,] 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. [Where] After the accounts of [an executor or

administrator] a personal representative have been settled and [a decree]

an order for the distribution of the estate [made] entered by the court, the

[executor or administrator] personal representative shall, without any

unnecessary delay, distribute the estate remaining [in his hands]

undistributed as directed by the [decree.] order. 2. In the [decree,] order, the court shall name the persons and the

proportion or parts to which each [shall be] is entitled, and [such person

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 [executor or administrator] personal representative shall, within

10 days after the entry of [a decree] an order of distribution conveying any

real property, record a certified copy of the order with the county recorder

of the county in which the [decree] order was entered [a certified copy of

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; [or]

2. Charged in writing by the [deceased] decedent as an advancement;

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 [, real or personal, that may have been]

given by a decedent during the [deceased in his or her] lifetime of the

decedent as an advancement to [any donee, shall] a donee must be

considered as part of the estate [of the intestate,] for the sole purpose of

computing the respective shares of the distributees and [shall] must be

taken by [such] the donee toward his [or her] share of the estate of the

[deceased.] decedent.

2. If the amount of the advancement [shall exceed] exceeds the share of

the heir or devisee so advanced, the heir [shall be] or devisee is excluded

from any further portion in the distribution and division of the estate, but he

[or she shall not be] is not required to refund any part of the advancement.

If the amount so received [shall be] is less than his [or her] share, he [or she

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 [shall be] is expressed in the

conveyance, or in the charge thereof made by the [deceased,] decedent, or

in the acknowledgment of the [party] person receiving it, [it shall be

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

[, shall die] dies before the person making the advancement, leaving issue,

the advancement [shall] must be taken into consideration in the distributionand division of the estate as if the advancement had been made directly to

[such] the issue.

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 [the deceased to any] a decedent to heirs or devisees may be

heard and determined by the court, and [shall] must be specified in the

[decree] order distributing the estate, and in the warrant to the

commissioners [,] provided for in NRS 152.050, and the final [decree]

order of the court [shall be] is binding on all [parties interested in the

estate, 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 [When] If property is assigned or distributed to a person who

cannot be found or who refuses to accept the [same] property or to give a

proper voucher therefor, or to a minor or [incompetent] incapacitated

person who has no legal guardian to receive the [same,] property, or person

authorized to receipt therefor, and the [same] property or any part thereof

consists of money, the [executor or administrator] personal representative

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 upon [his] the official bond of the county treasurer

therefor. The receipt [shall be deemed and] must be received by the court [,

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

[such] the assignee or distributee.

Sec. 404. NRS 151.180 is hereby amended to read as follows:

151.180 If [the] an assignee or distributee is a nonresident minor or

[insane or incompetent person,] incapacitated person who has a guardian

of his estate legally appointed under the laws of [any] a foreign jurisdiction,

the distribution of [such] the assignee's or distributee's share may be made

to [such] the legally appointed guardian, whose receipt therefor, together

with a certificate of [his] appointment issued under the seal of the court by

the clerk of the court appointing [him,] the guardian, when filed with the

clerk of the court in which [such] the assignment or distribution was

ordered, [shall be deemed and] must be received by the court [, or a judge

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. [When] If personal property remains in the [hands of the

executor or administrator] possession of a personal representative

unclaimed for 1 year, or [when] if the distributee refuses to accept or give a

proper receipt for the property, or is a minor or [incompetent]

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 [executor or administrator] personal representative desires his

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 [county] state treasury. The

depositor must take from the treasurer [duplicate receipts, one of which he

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 [Where] If a specific [legacy] devise of personal property is

for life only, the life tenant must sign and deliver to the remainderman [,]

or, if there [be] is none, to the personal representative, an inventory of the

property, [expressing that the same] acknowledging that it is in [his] the

life tenant's custody for life only, and that, on [his decease,] death, it is to

be delivered to the remainderman.

Sec. 408. NRS 151.230 is hereby amended to read as follows:

151.230 1. [When the] If an estate has been fully administered, and

it is shown by the [executor or administrator,] personal representative, by

the production of satisfactory [vouchers, that he has paid] receipts, that all

sums of money due [from him, and delivered up, on the order of the court,]

and all the property of the estate has been distributed to the persons

entitled [, and has performed] to it and all acts lawfully required [of him,]

have been performed, the court shall [make a decree discharging him and

his] 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 [decree.] order.

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. [Make] Enter any necessary orders to correct errors made in the

description of the estate previously administered.

[No] In the absence of fraud, no proceedings may be taken by the court

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 [or decrees]

of the court made necessary by the reopening of the estate must be

designated as supplemental orders . [or decrees.]

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, may

petition 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 [, devisees or legatees] or devisees may have

assigned or conveyed their share to other persons, and [such shares shall]those shares must be partitioned to the person holding [the same] them in

the same manner as they would have been to the heirs [, devisees or

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 [shall specify:

(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 [5] in the manner provided in NRS

155.050 at least 10 days before the hearing [, at the time specified in the

citation, or at such further time] or for such other period as the court may

[continue the hearing.] order.

5. Upon proof [, to the satisfaction of the court,] that the citation has

been properly served , [as above required,] the court shall proceed to hear

the petition and the allegation and proofs of the respective parties, and

[decree] enter an order accordingly.

Sec. 415. NRS 152.040 is hereby amended to read as follows:

152.040 Before any partition [shall] may be made, as provided in this

chapter, guardians [shall] must be appointed for all minor [and insane] ,

unborn or incapacitated persons interested in the estate to be divided, and

an attorney [shall] may be appointed for all nonresident or absent heirs or

other persons interested.

Sec. 416. NRS 152.050 is hereby amended to read as follows:

152.050 1. [When] If the property to be partitioned is entirely

personal property, the court [or judge] shall appoint three competent,

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 [decree] order fixing the shares to which the respective parties

are entitled must be given to them as their warrant, and their oath must be

endorsed thereon.

3. [When] If the property to be divided is real property, or partly real

and partly personal, one of the three commissioners must be a [practical]

licensed professional land surveyor.

4. Upon consent of the parties, and [when] if the court considers it

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 [shall be] is in different

counties, the court , [or judge,] if deemed proper, may appoint

commissioners for each county, and, in [such] that case, the property in

each county [shall] must be divided separately, as if there were no other

estate to be partitioned , [;] but the commissioners first appointed shall,

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, [which time shall be as reasonable after their

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 [or her] right, and the

real property by metes, bounds or such description that the [same] property

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, [such] those

shares may be so partitioned.

Sec. 420. NRS 152.100 is hereby amended to read as follows:

152.100 [When] If any tract of land or tenement [shall be] is of greater

value than [either] one party's share in the estate to be divided, and cannot

be divided without injury to the [same,] property, it may be set off by the

commissioners to any one of the parties [,] who will accept it and pay, or

secure to be paid, to one or more of the others interested, such sum or sums

as the commissioners [shall] award to make the partition equal, and the

commissioners shall make their award accordingly [; but such partition

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

[land by an executor or administrator under this Title.] real property or

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 . [interested.]

2. The court may authorize the [executor or administrator] personal

representative to bring [suit] an action for such partition when deemed

necessary.

Sec. 423. NRS 152.140 is hereby amended to read as follows:

152.140 1. The commissioners, within a reasonable time [after they

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] interested

person may file [exceptions] an objection to the report, particularly

specifying the grounds of objection. A copy of the [exceptions shall]

objection must be served upon the commissioners and all parties interested

in the partition, their guardians, agents or attorneys , [in the county,] with a

notice to [such] those persons that the [excepting] objecting party will, at a

[certain time to be mentioned,] time certain, not later than 20 days after the

filing of the [exceptions,] objection move the court to set aside the report,

and for a new partition.

3. At the time specified, or at such other time as the court may [sit,] set,

the court shall proceed to hear the objection to the report , [and

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 [shall control] controls upon

proceedings for distribution, unless modified for good cause upon

reasonable notice, and the proceedings leading to [such] the allotment may

be reviewed upon appeal from the [decree] order of distribution.

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 court

regarding 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 petition

and 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 the

guardian 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 [same have] estate has been distributed [,]

or proceedings are now pending . [, or may hereafter be filed.]

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

[district] court does not lose jurisdiction of the estate by final distribution ,

but [, except as provided in this subsection,] retains jurisdiction of it [to

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. [Wherever] If by law, or by the terms of [any] an

instrument creating a life estate [,] or an estate for years, the tenant is

required to account for [his] use of the property of [which he is tenant,] the

estate, then the provisions of this chapter concerning accounting by a

trustee [shall] apply to the life tenant and tenant for years, and, after [his]

death, to [his executor and administrator.] the personal representative.

2. [Where] If no obligation to account during his tenancy is imposed

upon the tenant, nevertheless such of the provisions of this chapter as apply

to accounting by [the executors and administrators of a trustee shall] a

trustee apply to the [executors and administrators] personal

representatives of the tenant, to the extent of determining the residue of the

estate.

Sec. 433. NRS 153.060 is hereby amended to read as follows:

153.060 [Whenever a] If a petition is filed for distribution of the

residue of the trust estate, estate for life [,] or estate for years to those

entitled thereto [shall be petitioned for,] , the clerk shall set the petition for

hearing and the petitioner shall give notice of the hearing [of the petition

shall 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 [A decree rendered] An order entered under the provisions of

this chapter, when it becomes final, [shall be] is conclusive upon all

interested persons , [in interest,] whether or not they are competent or in

being.

Sec. 435. NRS 153.090 is hereby amended to read as follows:

153.090 1. [Any] A person named or designated as a trustee in a will

may, at any time before distribution of any of the estate to him, decline to

act as trustee, and an order of court [shall thereupon be made] must be

entered accepting the resignation , [;] but the declination of any person who

has qualified as trustee [shall] may not be accepted by the court unless [the

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 may [make] enter and enforce

any 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 [shall

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 is

necessary to carry out the trust. A person who is named in the will to fill

the vacancy has priority for appointment.

2. The appointment may be made by the court upon the [written

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 [, in its discretion, require the] require a

person appointed [under NRS 153.100 or 153.110,] as trustee, before

acting as a trustee, to give a bond as is required of a [person appointed

administrator.] personal representative. If a bond is required , the trustee

[shall] must be allowed the cost of the bond [.] out of the trust estate.

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

[estate] property has become escheatable to this state for the reasonsspecified in NRS 154.010, or that any such [estate] property has, for any

other reason, become escheatable, [he] the attorney general shall file an

information [in] on behalf of the state in the district court of the county

where [such estate,] the property, or any part thereof, is [situated.] located.

2. The information [shall] must set forth:

(a) A description of the [estate.] property.

(b) The name of the person last lawfully seised.

(c) The name of the [terre-tenant and] persons holding, possessing or

claiming the [estate,] property, if known.

(d) The facts and circumstances [in consequence of which the estate is

claimed to have become escheated.] giving rise to the claim for

escheatment.

3. The information [shall] must allege that [by reason thereof] the State

of Nevada has by law right to [such estate.] the property.

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 the [estate]

property should not vest in the State of Nevada. [The citation shall] Unless

the court otherwise orders, the citation must be made returnable [within

the 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 [,] where the

administration is pending, if any , [;] and, if none, then in some newspaper

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 [motion] petition of the attorney general, either before

or after answer, upon notice to the person or persons holding, possessing

or claiming the [estate,] property, if known, the [district] court may, on

sufficient 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 [same] property until

the title of the property [shall be] is finally settled.

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 [judge,] court, conditioned to perform faithfully the duties

of the trust and to account fully to the person finally [adjudged] determined

to be entitled to the property. [Such] That person may maintain an action

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 [and bodies politic or corporate,] named in

the information [as terre-tenants or claimants to the estate,] may appear and

plead to the proceedings, and may traverse or deny the facts stated in theinformation [(] and the title of the state to the estate [therein mentioned)]

at any time on or before the return day of the citation.

2. Any other person claiming an interest in the [estate] property may

appear and be made a defendant, and plead as stated in subsection 1 by

[motion] petition for that purpose [made in open court] filed within the

time allowed for pleading.

3. If any person [shall appear and plead] appears and pleads as stated

in subsections 1 and 2, denying the title [set up] claimed by the state, or

[traverse] traverses any material fact set forth in the information, or issue or

issues of fact to be made up, the matter [shall] must proceed as other civil

actions on issues of fact.

4. A survey may be ordered, as in other civil actions, [when] if the

boundary is called into question.

Sec. 444. NRS 154.080 is hereby amended to read as follows:

154.080 1. Upon any judgment [rendered by any] entered by a court

of competent jurisdiction, escheating real property to the state, on [motion]

petition of the attorney general, or on [motion of any executor or

administrator 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, [make] submit a

report thereof to the court. Upon the hearing of the report , the court may

examine 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 [10] 5 percent may be

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 [10] 5 percent more in amount than that named in the

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 [10 percent of] 5 percent more

than the bid cannot be obtained, or [,] if an increased bid was accepted by

the court, the court shall [make] enter an order confirming the sale and

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

[of] the right and title of the state therein.

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 . [, not exceeding 15

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 [his] the custody of the state treasurer which has escheated to

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 [executor or administrator having charge] personal

representative of an estate shall sell any [real or personal] property and

transmit 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 [any real or personal] property

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 [prayer] request for the relief demanded.

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, [he] the attorney general may,

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 warrant

in 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 [his] a warrant for money is a sufficient voucher [for him] to do so.

5. If any [real or personal] property is the subject of the trial, and the

court finds the claimant entitled to it, the court shall [decree] enter an

order accordingly. The [decree] order divests the interests of the state in or

to the property, but no interest, income or other cost of any kind may be

taxed against the state.

6. If any [real or personal] property has been sold as provided in this

chapter after the judgment of [escheatal,] escheat, the petitioner is entitled

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 [real or personal]

property, and the court shall [decree] enter an order accordingly.

7. All persons, except [infants and persons of unsound mind,] minors

and incapacitated persons who fail to appear and file their petitions within

the time limited in subsection 1, are barred forever. [Infants and persons ofunsound mind have the right to] Minors and incapacitated persons may

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

[parcel of land] real property which has escheated to the state must proceed

by [application] petition to the director of the state department of

conservation and natural resources on forms obtainable at his office and in

the manner described in NRS 154.150 to 154.180, inclusive.

2. [When applying] A petition for unimproved real [estate] property

outside of approved townsites [, no application will] may not be accepted

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 of

the subdivision [shall] must be described and disposed of on one

[application,] petition unless, in the discretion of the director of the state

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 [could] may then accept an

application for a portion of the tract, [provided that a survey be] if a survey

is made and a plat submitted on tracing cloth [(24² x 32²)] , 24 inches by

32 inches, on which [would be] is set forth an accurate [metes and bounds]

description of the property [,] by metes and bounds, with at least one

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 [application] petition must be accompanied by:

1. The purchase price in the amount of the [applicant's] petitioner's

offer for the real [estate] property desired.

2. A sufficient sum to cover the cost of advertising.

3. [An application] A fee of $5.

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 [applicant] petitioner for the

amount deposited in his trust and shall without any unnecessary delay cause

notice of the [application] petition to be given in the following manner:

(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

[land applied for is situate] real property is located at least once each week

for 4 consecutive weeks prior to the date of sale.

2. The notice [shall] must contain:

(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 [application.]

petition. (c) The amount of the offer contained in the [application.] petition.

(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 [shall have the power to] may reject any or all bids.

Sec. 450. NRS 154.180 is hereby amended to read as follows:

154.180 The person to whom the title passes [shall bear] must pay the

cost of advertising and the application fee. When the title passes to a person

other than the person who made the [application,] petition, the original

[applicant shall] petitioner must be reimbursed all moneys deposited by

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 other

paper 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 the

Nevada 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 pursuant

to 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 entered

fails 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 [testamentary or for letters of administration] and the

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 [printed] published in the county where the proceedings are

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, [every executor or

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

[executor or administrator (as the case may be)] personal representative of

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 [person]

requester or his attorney, and thereafter a brief notice of the filing of any

[such] returns, petitions, accounts , [or] reports , or other proceedings,

together with a copy of the filing, must be addressed to that person or his

attorney, at his stated [post office] mailing address, and deposited with the

United States Postal Service with the postage thereon prepaid, within 2

days after [the filing of the return, petition or account;] each is filed, or

personal service of [such notices] the notice may be made on the person or

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 [petition, return or

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 [or

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 [or judge, as the case may be,] at a

time and place to be named in the citation. The nature or character of the

proceedings [shall] must be briefly stated in the [body thereof.] citation,

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 [When] If publication is required, [such publication shall] the

publication must be made daily, or otherwise, as often during theprescribed period as the newspaper is regularly issued, unless otherwise

provided in this Title. The court , [or judge,] however, may prescribe [a

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 [judge for the same;] court,

and, when so given, for the time and in the manner required by law, they

[shall be] are as legal and valid as though made upon an order from [such

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

[executor or administrator,] personal representative, together with the

certificate of the clerk [, under his hand and the seal of the court that such]

that the person has given bond , if required, and has been qualified, and

that letters [testamentary or letters of administration] have been issued to

him, and have not been revoked, [shall have] has the same effect in

evidence as the letters themselves.

2. A copy of the letters, with like certificate, [shall have] has the same

effect.

Sec. 465. NRS 155.120 is hereby amended to read as follows:

155.120 [When a decree is rendered,] If an order is entered setting

apart a homestead, a certified copy of the [decree] order shall be recorded

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 [When, upon any proceeding in an estate,]

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 or [others interested in

the 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 response

or 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 any

matter concerning the settlement of the [estates of deceased persons,] estate

of a decedent, anyone opposing the [application] petition therein made may

file 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 territories,] jurisdictions of the United

States, or in foreign countries, may be taken by deposition as provided in

the Nevada Rules of Civil Procedure. [When a commission issues ex parte,

no cross-interrogatories shall be necessary.]

Sec. 470. NRS 155.180 is hereby amended to read as follows:

155.180 [When not] Except as otherwise specially provided in this

Title, all the provisions of law and the Nevada Rules of Civil Procedure

regulating proceedings in civil cases apply in matters of [estate,] probate,

when appropriate, or [the same] may be applied as auxiliary to the

provisions of this Title. The Nevada Rules of Appellate Procedure

regulating 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 [an executor, administrator] a personal

representative or trustee. 8. Instructing or appointing a trustee.

9. Instructing or directing [an executor or administrator.] a personal

representative.

10. Directing or allowing the payment of a debt, claim, [legacy] devise

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, [$1,000.] $5,000.

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

[shall be] is complete and effectual without an undertaking on appeal.

Sec. 473. NRS 155.210 is hereby amended to read as follows:

155.210 1. Upon an appeal, the [appellate] supreme court may [, in

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 a

remittitur 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 [When] If an order [or decree appointing an executor or

administrator shall be] appointing a personal representative is reversed on

appeal, all lawful acts in administration [upon] of the estate performed by

[such executor or administrator, if he shall have qualified, shall be] him are

as valid as if [such order or decree] the order had been affirmed.

Sec. 475. NRS 159.179 is hereby amended to read as follows:

159.179 1. [Each] An account made and filed by a guardian of the

estate or special guardian who is authorized to manage the ward's property

[shall] must include the following information:

(a) The period [of time] covered by the account.

(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 [filed with the

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 breach

of 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 to

ensure 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 the

trust, 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 to

dispose 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 [163.210,] 163.200, inclusive, may be cited

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 [163.210,] 163.200, inclusive,

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 [shall] may directly or indirectly buy or sell any

property for the trust from or to itself or an affiliate , [;] or from or to a

director, officer [,] or employee of [such] the trustee or of an affiliate , [;]

or from or to a relative, employer, partner [,] or other business associate of

a trustee, except with the prior approval of the [district] court having

jurisdiction of the trust estate . [and of the accounting thereof.]

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 [No] Except as otherwise authorized by the trust instrument

or order of the court, a corporate trustee shall not purchase for a trust

shares 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 [, or an

amendment thereof,] or by court order, all powers of a trustee [shall be] are

attached to the office and [shall not be] are not personal.

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. [Whenever a trustee shall make a contract which is within

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 [he] the plaintiff proves that within 30 days after [the

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 [prior

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 [thereof in postpaid envelopes addressed to the

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. [The plaintiff may also hold the trustee who made the contract

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 [paragraphs (a) and (b)

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

[trustees] trustee shall furnish the plaintiff a list of [such] the beneficiaries

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 may intervene in [such] the action and contest the right of the

plaintiff to recover. 4. [The] Subject to the rights of exoneration or reimbursement

provided in NRS 163.130, the trustee may also be held personally liable for

any tort committed by him, or by his agents or employees in the course of

their employments [, subject to the rights of exoneration or reimbursement

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

[163.210, inclusive;] 163.200, inclusive, or alter or deny to his trustee any

or all of the privileges and powers conferred upon the trustee by NRS

163.010 to [163.210, inclusive;] 163.200, inclusive, or add duties,

restrictions, liabilities, privileges, or powers, to those imposed or granted

by NRS 163.010 to [163.210, inclusive;] 163.200, inclusive, but no act of

the settlor [shall relieve] relieves a trustee from the duties, restrictions, and

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.

[Any such] The beneficiary may release the trustee from liability to [such

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

[163.210,] 163.200, inclusive, he may be removed and denied

compensation in whole or in part , [;] and any beneficiary, cotrustee [,] or

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 [163.210, inclusive, shall] 163.200,

inclusive, must be so interpreted and construed as to effectuate their

general purpose to make uniform the law of those states which enact them.

Sec. 499. NRS 163.230 is hereby amended to read as follows:

163.230 1. A devise , [or bequest,] the validity of which is

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 testator

and some other person or persons , or by some other person or persons , [(]

including a funded or unfunded life insurance trust, although the [trustor]

settlor has reserved any or all rights of ownership of the insurance contracts

, [),] if the trust is identified in the testator's will and the terms are set forth

in a written instrument [(] other than a will , [)] executed before or

concurrently with the execution of the testator's will, or in the valid last

will of a person who has predeceased the testator , [(] regardless of the

existence, size or character of the corpus of the trust . [).]

2. The devise [or bequest] is not invalid because the trust is amendable

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

: [or bequeathed:]

(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 ,

[)] or any modifications or amendments whenever made, which are made

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 [or bequest] to lapse. Sec. 500. NRS 163.275 is hereby amended to read as follows:

163.275 1. A fiduciary may invest and reinvest, as [the fiduciary] he

deems advisable:

[1.] (a) In stocks , [(] common or preferred , [),] bonds, debentures,

notes, mortgages or other securities in or outside the United States;

[2.] (b) In insurance contracts on the life of any beneficiary or of any

person in whom a beneficiary has an insurable interest, or in annuity

contracts for any beneficiary;

[3.] (c) In any real or personal property;

[4.] (d) In investment trusts;

[5.] (e) In participations in common trust funds; [and

6.] (f) In securities of any corporation, trust, association or fund:

[(a)] (1) Which is engaged, or proposes to engage, in the business of

investing, reinvesting, owning, holding or trading in securities;

[(b)] (2) Whose assets are invested principally in cash or in securities

of other issuers; and

[(c)] (3) Which is registered as an investment company with the

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 liability

company or other entity , and transfer, assign and convey to [such] the

corporation , limited liability company or entity all or any part of the estate

or of any trust property in exchange for the stock, securities or obligations

of [any such corporation] the corporation, limited liability company or

entity, and continue to hold [such] the stock and securities and obligations.

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 and

all 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 not

limited 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 [his] the settlor's

spouse or any child of [his] the settlor has created, for such estates and

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, [his spouse or any

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 [such] the

minor or [incompetent.] incapacitated person.

(c) To the legal or natural guardian of [such] the minor or

[incompetent.] incapacitated person.

(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

[such] the minor or [incompetent.] incapacitated person.

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 [incompetent,] incapacitated person, to whom

[such] the payments were made, and the receipt of [such person shall be]

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 [Federal] Internal

Revenue Code of [1954,] 1986, as in effect on January 1, [1971,] 1999, and

include future amendments to such sections and corresponding provisions

of future [Internal Revenue Laws.] federal internal revenue laws.

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 , " [(] as defined in Section

4941(d) [)] , which would give rise to any liability for the tax imposed by

Section 4941(a);

(b) Retaining any "excess business holdings , " [(] as defined in Section

4943(c) [)] , which would give rise to any liability for the tax imposed by

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 , " [(] as defined in Section

4945(d) [)] , which would give rise to any liability for the tax imposed by

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. [Any district court of the State of Nevada] A court of this

state having jurisdiction over any trust to which NRS 163.420 to 163.550,

inclusive, apply may amend any trust instrument to conform to the

provisions of NRS 163.420 to 163.550, inclusive.

2. Any such amendment [shall] must be effected by the [trustee's]

trustee filing a [verified petition with the district court and paying the same

fee 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, [at least 10 days before the time of the hearing, by handing a

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 [such verified] the petition, the court [or judge]

may authorize the trustee to amend, revise, delete or add provisions to the

trust [articles] instrument to conform to NRS 163.420 to 163.550,

inclusive, [in order] to avoid the penalties and liabilities described in

Sections 4941(a), 4942(a), 4943(a), 4944(a) and 4945(a), but if the [trustor

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 proceedings

initiated 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 the

court 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 or

is 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

[any] a settlor or beneficiary of the trust, the district court of the county

[wherein] in which the trustee resides or [has his place of] conducts

business , or in which the trust has been domiciled, shall consider the

application to confirm the appointment of the trustee and specify the

manner in which [he shall] the trustee must qualify. Thereafter the [district

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 the

power 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 [other] trust instruments.

Sec. 518. NRS 164.070 is hereby amended to read as follows:

164.070 NRS 164.070 to [164.120,] 164.100, inclusive, may be cited

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 [the division of] financial institutions of the

department of business and industry may adopt regulations to carry out the

provisions of NRS 164.070 to [164.120,] 164.100, inclusive.

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 bank

or trust company operating [such] common trust funds is not required to

render a court accounting with regard to [such funds;] those funds, but it

may, by [application to the district] petition to the court, secure approval of

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 [164.120,] 164.100, inclusive, [shall] must

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 [motion] petition by any person appointed by the court

or otherwise as trustee, with the concurrence of the beneficiary or

beneficiaries, a [district] court having jurisdiction of a trust may transfer

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 administered

in this state, whether the trustee was appointed by the settlor or by a court

or other authority.

(d) "Relative" means a spouse, ancestor, descendant, brother [,] or

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 [his] the

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 [shall] does not apply to resulting trusts, constructive

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 [it is the duty of the first qualifying] a

testamentary trustee [to take] receives possession of [the] trust property

[he] , the trustee shall file with the [district] court where the will wasadmitted to probate an inventory under oath, showing by items all the trust

property which [shall have] has come to [his] the possession or knowledge

[.] of the trustee.

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 intermediate

account in court shall , within 10 days after [such] the filing , deliver to

each known beneficiary a notice of [such] the filing, and if there is to be no

court hearing on the account , a summary of the account with an offer to

deliver the full account on demand, or if there is to be a court hearing on

the account , a copy of the account. [Such] The delivery may be:

[1.] (a) By handing the notice [or copy] and summary or full account

to the beneficiary personally, or to [his guardian,] the beneficiary's

guardian or attorney of record; or

[2.] (b) By sending [it] them by registered [or certified mail with return

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 hearing

on any intermediate account, and the holding of such a hearing [shall be] is

in the discretion of the court. In the case of the third intermediate

accounting, and every 3 years thereafter, the trustee shall [apply to] petition

the court for a hearing on and approval of all unapproved accounts, andshall give each known beneficiary written notice of [such application at

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 accounting [shall] must be

at least [5] 10 days after the latest account was filed. The notice by the

trustee of the [application] petition for a hearing on and approval of the

account [shall] must inform the beneficiaries of the amount of

[commissions or other compensation] fees to be requested by the trustee on

[such] the hearing, and the amount of other fees which the court will then

be requested to allow.

Sec. 530. NRS 165.080 is hereby amended to read as follows:

165.080 At least 10 days before the [return day] hearing of a petition

to approve a final accounting, the testamentary trustee shall deliver to each

beneficiary a copy of the account and a notice of the time and place at

which the account will be presented for approval, which [date shall] may

not be earlier than 10 days after the account was filed. [Such] The delivery

may be accomplished in the same manner as with regard to the service of

papers on the intermediate accounting. The notice [shall] must inform the

beneficiaries of the amount of [commissions or other compensation] fees to

be requested by the trustee [on the application] in the petition for approval

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 testamentary

trustee [shall produce in court vouchers for all expenditures of $20 or more,

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 [Any] A beneficiary who is a minor [, of unsound mind,] or

otherwise legally [incompetent,] incapacitated, and also possible unborn or

unascertained beneficiaries , may be represented in a testamentary trust

accounting by [the court,] a court-appointed attorney or by competent

living members of the class to which they do or would belong, or by a

guardian ad litem, as the court deems [best.] proper. If the residence of any

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 the [return day of an application for a hearing on

and] 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 [,] and similar matters, [shall be] is

in the discretion of the court. [The court shall, as soon as practicable, act

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 , [shall,] subject to the right of appeal, [relieve] relieves the trustee

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

[motion] petition of the trustee or a beneficiary, for amendment or revision,

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 [shall] may be reopened because of a mistake more than 1 year

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 [each] a nontestamentary trust shall, not less

often than annually, furnish to each beneficiary who is currently entitled to

receive income pursuant to the terms of the trust , to each residuary

beneficiary who is then living, to each specific beneficiary then living

who has not received complete distribution, and to any surety on the bond

of 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 [,] and

from what source;

(c) Trust income paid out during the accounting period, when, to whom

[,] and for what purpose; and

(d) Trust income on hand at the end of the accounting period [,] and

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 . [, and

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

[when it is reasonably necessary, even though] even if he is not required to

do so by this chapter or by court order.

Sec. 538. NRS 165.190 is hereby amended to read as follows:

165.190 [Any] A beneficiary may [apply to the district] petition the

court having jurisdiction over the accountings, as prescribed in this chapter,

for an order requiring the trustee to perform the duties imposed upon him

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.

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