Nev. Rev. Stat. § 159.089

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 159.089 - Possession of and title to property of protected person; guardian to secure certain documents
1. A guardian of the estate shall take possession of:
(a) All of the property of substantial value of the protected person;
(b) Rents, income, issues and profits from the property, whether accruing before or after the appointment of the guardian; and
(c) The proceeds from the sale, mortgage, lease or other disposition of the property.
2. The guardian may permit the protected person to have possession and control of the personal property and funds as are appropriate to the needs and capacities of the protected person.
3. The title to all property of the protected person is in the protected person and not in the guardian.
4. A guardian shall secure originals, when available, or copies of any:
(a) Contract executed by the protected person;
(b) Power of attorney executed by the protected person;
(c) Estate planning document prepared by the protected person, including, without limitation, a last will and testament, durable power of attorney and revocable trust of the protected person;
(d) Revocable or irrevocable trust in which the protected person has a vested interest as a beneficiary; and
(e) Writing evidencing a present or future vested interest in any real or intangible property.

NRS 159.089

Added to NRS by 1969, 419; A 2003, 1788
Added to NRS by 1969, 419; A 2003, 1788