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.
Trustee tax reimbursements and asset protections
A trust may let the trustee reimburse a settlor or an owner under federal grantor‑trust rules for taxes tied to trust income or principal. The trustee cannot use a life insurance policy’s cash value or loan if the person is the insured, and a trustee can opt out for specific persons with 60 days’ written notice. Property subject to some powers of appointment is better shielded from creditor claims unless the decedent actually exercised the power for themself or their estate. An executor or trustee may distribute assets directly to beneficiaries to fund a separate trust, unless the instrument forbids it, and receipts protect the distributor. Nevada law can govern trusts when chosen or when the trust is administered in Nevada, and the law clarifies who counts as a distributee and key trust definitions.
Bigger small-estate and probate limits
Estates up to $500,000 (after debts) can use summary administration. If later value shows more than $500,000 at death, the court must revoke summary administration and switch to regular probate. After exempt property is set apart, the court sets the rest aside without administration if what remains is $150,000 or less. A surviving spouse can use a transfer-by-affidavit for up to $150,000; others can use it up to $25,000. These higher limits help more families avoid full probate and lower costs.
Trust accounting deadlines and contest limits
Trustees must deliver required accounts within 90 days after each accounting period and may use mail or approved electronic delivery. If a beneficiary does not object in writing within 90 days after getting the account, it is final except for fraud or intentional misrepresentation. When a revocable trust becomes irrevocable, a trustee’s notice starts a 120‑day window to file a contest, unless the person proves they did not get actual notice or waived notice. For Nevada fiduciaries, the time to sue for breach starts when the injured person knew or should have known the key facts.
Clear rules on who runs estates
The law keeps the priority list for who may serve and lets a court appoint a qualified person for good cause, backed by proof like heir-finder work and certified-mail notices. When people have equal priority, the court can pick one, more than one, or an independent representative. Petitions must list heirs and their addresses, minors’ ages, estate value, proposed administrators’ addresses, and any felony convictions. A written request for appointment is void if it lacks the filer’s current address. An interested person can contest, and the court prefers candidates by the statutory order when revoking authority. Only those named in a will or listed in the statute can get independent administration powers under NRS 143, with full or limited authority.
Clearer probate notices and inventories
A will can be admitted using a witness’s affidavit or one witness’s testimony that proves proper signing and competency. Personal representatives must file an inventory within 120 days, mail a copy to heirs within 10 days of filing (or provide a list on request), and may redact sensitive details; heirs can request a list after 60 days. Probate notices must be published on three dates before the hearing, and creditors whose names and addresses are readily known must be mailed the creditor notice.
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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