Title 12

NRS 150.290 Short title. NRS 150.290 to 150.380, inclusive, may be cited as the Federal Estate Tax Apportionment Law. (Added to NRS by 1957, 228; A 1999, 2338)

NRS 150.300 Definitions. As used in NRS 150.290 to 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. 2.…

NRS 150.310 Proration of tax among persons interested in estate; exceptions. 1. If it appears upon any accounting, or in any appropriate action or proceeding, that a personal representative, trustee or other fiduciary has paid or may be required to pay an estate tax to the Federa…

NRS 150.320 Direction for apportionment of estate tax: Precedence; limitation. 1. A testator, settlor, or possessor of any appropriate power of appointment may direct how the estate tax shall be apportioned or allocated or grant a discretionary power to another so to direct. Any …

NRS 150.330 Jurisdiction of court; methods of proration. 1. The proration must be made by the court having jurisdiction of any property in the estate in the proportion that the value of the property, interest or benefit of each such person bears to the total value of the property…

NRS 150.340 Present and future estates: Charge of tax against corpus without apportionment. 1. In cases where a trust is created, or other provision made whereby any person is given any interest in income, or an estate for years, or for life, or other temporary interest in any pr…

NRS 150.350 Property not possessed by personal representative: Recovery from person in possession or interested in estate; court may direct payment; expenses. 1. If any property required to be included in the gross estate does not come into the possession of the personal represen…

NRS 150.360 Court order directing amounts of tax to be charged against or paid by takers of estate. 1. The court, upon making a determination as provided in NRS 150.290 to 150.380, inclusive, shall enter an order directing the personal representative or other fiduciary to charge …

NRS 150.370 Retention of jurisdiction by court. The court shall retain jurisdiction until the purposes of NRS 150.290 to 150.380, inclusive, have been accomplished. (Added to NRS by 1957, 230; A 1999, 2340)

NRS 150.380 Apportionment of tax and expenses imposed and incurred on property located or administered in this State in estate of nonresident. Tax imposed and expenses incurred by reason of inclusion for tax purposes of property located or administered in this State, in the estat…

NRS 150.400 Apportionment; limitations. 1. Except as otherwise provided by the donor or decedent in writing: (a) Except as otherwise provided in paragraph (c), for gifts that were made subject to the federal gift tax and in cases where the decedent’s estate is insufficient to pay…

NRS 151.003 Order of priority for payment of devises. 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…

NRS 151.005 Agreement by distributees to alter interests, shares or amounts to which they are otherwise entitled under terms of will: Requirements; exceptions; personal representative to abide by terms. Subject to the rights of creditors and taxing authorities, distributees may a…

NRS 151.010 Petition for partial distribution; bond. 1. At any time after the lapse of 3 months from the issuing of letters, the personal representative or any heir or devisee, or the assignee, grantee or successor in interest of any heir or devisee, may petition the court to dis…

NRS 151.020 Petition for hearing and notice of hearing. 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. [236:107:1941; A 1955, 161]—(NRS A 1999, 2342)

NRS 151.030 Contest of petition. The 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. [237:107:1941; A 1955, 161]—(NRS A 1999, 2342)

NRS 151.040 Order for distribution: Prerequisites to order; bond; assumption of personal liability by heir or devisee. 1. Subject to the provisions of subsection 3, if it appears at the hearing that the estate has little debt and that the share or shares of the party or parties p…

NRS 151.050 Order of repayment: Action on bond or other security; action against distributee if no bond or other security given. 1. If a bond or other security has been executed and delivered as prescribed in NRS 151.040, and the personal representative ascertains that it is nece…

NRS 151.060 Partition when partial distribution ordered. If, in the execution of the order, partition is necessary between two or more of the parties, it must be made in the manner prescribed in chapter 152 of NRS. [240:107:1941; 1931 NCL § 9882.240]—(NRS A 1999, 2343)

NRS 151.070 Costs. The costs of proceedings for a partial distribution must be paid by the heir or devisee or, if there are more than one, must be prorated among them. [241:107:1941; 1931 NCL § 9882.241]—(NRS A 1999, 2343) FINAL DISTRIBUTION

NRS 151.080 Petition for final distribution. 1. If a personal representative files his or her final account with a petition requesting the allowance and confirmation thereof, the personal representative may also include in the petition a request for the distribution of the estate…

NRS 151.090 Notice of hearing of petition. 1. When a petition for final distribution is filed, 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. 2. The court may order such further notice as…

NRS 151.095 Manner of distribution; distribution without proration. 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 affec…

NRS 151.110 Order and distribution; recording of copy of order conveying real property. 1. After the accounts of a personal representative have been settled and an order for the distribution of the estate entered by the court, the personal representative shall, without any unnece…

NRS 151.120 When gift before death not deemed advancement. No gift or grant shall be deemed to have been made as an advancement unless: 1. So expressed in the gift or grant; 2. Charged in writing by the decedent as an advancement; or 3. Acknowledged in writing by the donee to be …

NRS 151.130 Computation of share of estate if heir or devisee received advancement. 1. Any property given by a decedent during the lifetime of the decedent as an advancement to a donee must be considered as part of the estate for the sole purpose of computing the respective share…

NRS 151.140 Value of property advanced. If the value of the advancement is expressed in the conveyance, or in the charge thereof made by the decedent, or in the acknowledgment of the person receiving it, that value must be used in the distribution and division of the estate. Othe…

NRS 151.150 Predeceased heir or devisee. If a child or other lineal descendant so advanced dies before the person making the advancement, leaving issue, the advancement must be taken into consideration in the distribution and division of the estate as if the advancement had been …

NRS 151.160 Determination of questions as to advancements. All questions as to advancements made, or alleged to have been made, by a decedent to heirs or devisees may be heard and determined by the court, and must be specified in the order distributing the estate, and in the warr…

NRS 151.161 When gift before death not deemed satisfaction of testamentary gift. No gift or grant by the decedent shall be deemed to have been made as satisfaction of a testamentary gift unless: 1. So expressed in the instrument providing for the gift or grant; 2. Charged in a wr…

NRS 151.162 Value of gift in satisfaction of testamentary gift. If the value of the gift is expressed in the instrument providing for the gift or grant, or in a writing of the decedent, or in an acknowledgment of the donee, that value must be used in the distribution and division…

NRS 151.163 Effect of abatement. 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. (Added…

NRS 151.167 Property sold to pay debts, expenses or family allowances: Contribution between devisees. 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 pro…

NRS 151.170 Payments to county treasurer for person who cannot be found, minor or incapacitated person without guardian, and others. If property is assigned or distributed to a person who cannot be found or who refuses to accept the property or to give a proper voucher therefor, …

NRS 151.180 Distribution to guardians of nonresident minors and incapacitated persons. If an assignee or distributee is a nonresident minor or incapacitated person who has a guardian of his or her estate legally appointed under the laws of a foreign jurisdiction, the distribution…

NRS 151.190 Sale of unclaimed personal property; disposition of proceeds. 1. If personal property remains in the possession of a personal representative unclaimed for 1 year, or if the distributee refuses to accept or give a proper receipt for the property, or is a minor or incap…

NRS 151.210 Claim of money paid into State Treasury; order of court. If any person appears and claims the money paid into the State Treasury, the court making the distribution shall inquire into the claim, and, if satisfied of the right of the person thereto, shall enter an order…

NRS 151.220 Specific devise of personal property for life only. If a specific devise of personal property is for life only, the life tenant must sign and deliver to the remainderman or, if there is none, to the personal representative, an inventory of the property, acknowledging …

NRS 151.230 Order of discharge; court may excuse filing of receipt; order for distribution of estate from recovery of distributed property. 1. If an estate has been fully administered, and it is shown by the personal representative, by the production of satisfactory receipts, tha…

NRS 151.240 Subsequent administration; limitation on reopening estate. 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…

NRS 151.250 Petition; hearing and notice. An heir, devisee, creditor or other interested person may petition for the reopening of an estate upon the grounds provided in NRS 151.240. The petition must set forth the names of all heirs, devisees and creditors and their addresses, if…

NRS 151.260 Supplemental orders. 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. Enter any necessary orders to correct errors made in the description of the estate …

NRS 152.010 Petition for partition. If two or more heirs or devisees are entitled to the distribution of undivided interests in any property of the decedent, and they have not agreed among themselves, before distribution, to a partition, allotment or other division thereof, any o…

NRS 152.020 Partition authorized even though portion of original share previously assigned or conveyed to others. Partition may be made as provided in this chapter, although some of the original heirs or devisees may have assigned or conveyed their share to other persons, and tho…

NRS 152.030 Contents of petition; contents and service of citation. 1. 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…

NRS 152.040 Appointment of guardians and attorneys before partition. Before any partition may be made, as provided in this chapter, guardians must be appointed for all minor, unborn or incapacitated persons interested in the estate to be divided, and an attorney may be appointed …