SB404
AN ACT relating to personal financial administration; revising certain terms and provisions relating to the administration of trusts and estates; making certain technical corrections relating to the administration of trusts and estates; revising provisions governing the appointment of an administrator of an intestate estate of a decedent; requiring certain personal representatives to submit certain information under the Independent Administration of Estates Act; requiring a court to give certain preferences when determining whether to revoke the authority of a personal representative; increasing certain monetary amounts relating to the administration of estates; revising certain periods of limitation for commencing certain civil actions; authorizing a trustee to make certain distributions under certain circumstances; repealing certain provisions relating to the administration of estates; and providing other matters properly relating thereto. Close title AN ACT relating to personal financial administration; revising certain terms and provisions relating to the administration of trusts and estates; making certain technical corrections relating to the administration of trusts and estates; revising provisions governing the appointment of an administrator of an intestate estate of a decedent; requiring certain personal representatives to submit certain information under the Independent Administration of Estates Act; requiring a court to give certain preferences when determining whether to revoke the authority of a personal representative; increasing certain monetary amounts relating to the administration of estates; revising certain periods of limitation for commencing certain civil actions; authorizing a trustee to make certain distributions under certain circumstances; repealing certain provisions relating to the administration of estates; and providing other matters properly relating thereto.
Introduction Date
Thursday, March 20, 2025
Primary Sponsor
Senate Committee on Judiciary
Public exhibits
6
Support 0 · Opp 1 · Neutral 2
Auditor findings
0
recusal 0 · QPQ 0
AN ACT relating to personal financial administration; revising certain terms and provisions relating to the administrati
Existing law governs the administration of trusts and estates. (Titles 12 and 13 of NRS) Sections 1, 1.1, 1.3, 1.6, 4, 5, 11 and 17 of this bill revise certain terms and make technical corrections relating to the administration of trusts and estates. Existing law sets forth an order of priority for the appointment of an administrator to administrate the intestate estate of a decedent and authorizes any person legally qualified to serve as the administrator. (NRS 139.040) Section 1.2 of this bill: (1) revises the order of priority for the appointment of an administrator to administrate the intestate estate of a decedent; (2) provides that a person may be legally qualified to serve as an administrator upon a finding of good cause based on certain evidence; and (3) authorizes the court to appoint certain persons under certain circumstances. Section 1.5 of this bill makes a conforming change to an internal reference caused by the revisions relating to the order of priority and appointment in section 1.2. Section 1.4 of this bill authorizes a court to appoint one or more persons to serve as personal representative or appoint an independent representative under certain circumstances. Existing law establishes the Independent Administration of Estates Act, which allows a personal representative to administer most aspects of the estate of a decedent without court supervision. (NRS 143.300-143.815) Section 2 of this bill provides that only a personal representative who is named in the
NELIS exhibits (6 on file)
Opposition (1)
- Adam Fenn (Letter)
Neutral (2)
- Trust and Estate Section — Nevada State Bar (Proposed Amendments)
- (unattributed) (Testimony)
Bill text + amendments: view on NELIS →