1. Except as otherwise provided in this section, a personal representative shall close an estate within 18 months after appointment.
2. If an estate is not closed within 18 months after the appointment of a personal representative and:
(a) A claim against the estate is in litigation or in summary determination pursuant to subsection 5 of NRS 145.060, a petition for determination of the validity of the claim has been filed pursuant to subsection 2 of NRS 147.130 or the amount of federal estate tax has not been determined, a devisee, creditor or heir may file a petition seeking an order that:
(1) A certain amount of money, or certain other assets, be retained by the personal representative to:
(I) Satisfy the claim or tax; and
(II) Pay any fees or costs related to the claim or tax, including fees for appraisals, attorney’s fees and court costs; and
(2) The remainder of the estate be distributed.
(b) A contest of the will or a proceeding to determine heirship is pending, a devisee, creditor or heir may file a petition requesting the court which appointed the personal representative to order that:
(1) A certain amount of money, or certain other assets, be retained and the remainder of the estate distributed; or
(2) The entire distributable estate be retained pending disposition of the contest or proceeding.
3. A court shall not enter an order distributing the assets of an estate pursuant to this section if such a distribution will result in there being insufficient assets to enable the personal representative to discharge any tax liability, claims of creditors, administrative expenses or any other just obligation of the estate.
(Added to NRS by 1997, 335; A 1999, 2291; 2001, 2344; 2017, 1677)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.