All Roll Calls
Yes: 63 • No: 0
NevadaSB40483rd Regular Session (2025)SenateWALLET
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.
Sponsored By: Senate Committee on Judiciary
Signed by Governor
BDR 12-901
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 0 benefits, 0 costs, 5 mixed.
Bigger limits for small estates
The law raises the limit for summary administration to $500,000 after debts. If the estate later goes over $500,000, the court must revoke summary administration. An estate of $150,000 or less can be set aside without full probate. A small‑estate affidavit lets a surviving spouse collect up to $150,000, and other claimants up to $25,000. The affidavit applies only if there is no Nevada real property and at least 40 days have passed. If a will sends assets to an existing trust, that part can be set aside without probate, but it stays open to creditor claims unless the trustee gave the required creditor notice. The law also clarifies who counts as a distributee, including certain trustees and trust beneficiaries who got estate property.
Faster estate asset and creditor notice
Starting 60 days after letters are issued, any interested person can ask for an asset list. The personal representative must send it within 10 days. Within 10 days after filing the inventory, the personal representative must mail a copy to heirs or devisees and file proof of mailing, unless they already got a list. A personal representative may file a redacted inventory hiding account numbers, Social Security numbers, and values, but must show the full version to the court or interested persons on request. The personal representative must also mail the creditor notice to readily identifiable creditors as soon as practicable, in addition to publishing it.
Modernized trust rules and notices
When a revocable trust becomes irrevocable, the trustee must share key information with beneficiaries and others. A person may sign an irrevocable waiver of notice, which also blocks later trust contests. Trustees must deliver accountings within 90 days after the period ends, and an account is final unless a written objection is delivered within 90 days. Nevada law can govern a trust if picked in the document or if Nevada ties exist, and the law clarifies when a trust is administered in Nevada. Definitions for affiliate, relative, trust, and trustee are updated. If a trust document requires immediate payouts, assets may be given directly to beneficiaries, and a beneficiary’s receipt protects the distributor. A power limited by an ascertainable standard is treated as nongeneral for creditor‑claim purposes.
New rules for estate administrators
Only the person named in the will or someone in the top statutory priority list can get Independent Administration powers. A petition must list the proposed administrator’s name, address, and any felony conviction. A written request to serve must include your current address or it is void. To appoint someone outside the priority list, the court needs evidence, including an affidavit of efforts to find heirs, any heir‑finder report, certified‑mail proof, and the applicant’s qualifications. If removing a personal representative, the court must prefer higher‑priority interested persons. In an uncontested probate, a subscribing witness’s affidavit can replace live testimony. The law also repeals an older section in the succession chapter.
Trusts can reimburse settlor taxes
Beginning October 1, 2025, a trust can authorize paying a settlor’s income taxes caused by trust income taxed to them. The trustee may pay the person or pay the tax agency. The trustee cannot use life‑insurance cash value or proceeds for an insured’s taxes. A trustee who is the owner, a beneficiary, or a related or subordinate party cannot use this power. A trustee may irrevocably opt out by giving written notice at least 60 days before it takes effect. The law protects certain federal tax benefits from being lost by using this power.
Sponsors & Cosponsors
Sponsor
Senate Committee on Judiciary
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 5/22/2025
Final Passage - Assembly (2nd Reprint)
Yes: 42 • No: 0
Senate vote • 4/22/2025
Final Passage - Senate (1st Reprint)
Yes: 21 • No: 0
Actions Timeline
Chapter 339.
6/6/2025legislatureApproved by the Governor.
6/5/2025legislatureEnrolled and delivered to Governor.
6/1/2025legislatureAssembly Amendment No. 652 concurred in. To enrollment.
5/30/2025SenateIn Senate.
5/22/2025SenateRead third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.) To Senate.
5/22/2025HouseFrom printer. To reengrossment. Reengrossed. Second reprint.
5/22/2025HouseRead second time. Amended. (Amend. No. 652.) To printer.
5/20/2025HousePlaced on Second Reading File.
5/20/2025HouseFrom committee: Amend, and do pass as amended.
5/20/2025HouseRead first time. Referred to Committee on Judiciary. To committee.
4/28/2025HouseIn Assembly.
4/28/2025HouseTo Assembly.
4/28/2025SenateFrom printer. To engrossment. Engrossed. First reprint.
4/25/2025SenateRead third time. Passed, as amended. Title approved, as amended. (Yeas: 21, Nays: None.) To printer.
4/22/2025SenateReprinting dispensed with.
4/21/2025SenateRead second time. Amended. (Amend. No. 258.)
4/21/2025SenatePlaced on Second Reading File.
4/21/2025SenateFrom committee: Amend, and do pass as amended.
4/21/2025SenateFrom printer. To committee.
3/21/2025SenateRead first time. Referred to Committee on Judiciary. To printer.
3/20/2025Senate
Bill Text
As Enrolled
As Introduced
Reprint 1
Reprint 2
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