159.0895 - Assets retained to pay expenses of funeral and disposal of remains of ward: Amount exempt from all claims; placement in account or trust; reversion of excess to estate of ward. - Nevada Statutes

State Codes and Statutes

Statutes > Nevada > Title-13 > Chapter-159 > Powers-and-duties-of-guardians > 159-0895

159.0895 Assets retained to pay expenses of funeral and disposal of remains of ward: Amount exempt from all claims; placement in account or trust; reversion of excess to estate of ward.

1. The guardian may retain assets for the anticipated expense of the ward’s funeral and the disposal of his or her remains. Of the amount so retained, $3,000 is exempt from all claims, including those of this state.

2. The guardian may place assets so retained in a pooled account or trust. If the assets are invested in a savings account or other financial account, they are not subject to disposition as unclaimed property during the lifetime of the ward.

3. Assets so retained may be disbursed for the ward’s funeral or the disposal of his or her remains without prior authorization of the court. An amount not so disbursed becomes part of the ward’s estate.

(Added to NRS by 1999, 1396; A 2009, 1657)

State Codes and Statutes

Statutes > Nevada > Title-13 > Chapter-159 > Powers-and-duties-of-guardians > 159-0895

159.0895 Assets retained to pay expenses of funeral and disposal of remains of ward: Amount exempt from all claims; placement in account or trust; reversion of excess to estate of ward.

1. The guardian may retain assets for the anticipated expense of the ward’s funeral and the disposal of his or her remains. Of the amount so retained, $3,000 is exempt from all claims, including those of this state.

2. The guardian may place assets so retained in a pooled account or trust. If the assets are invested in a savings account or other financial account, they are not subject to disposition as unclaimed property during the lifetime of the ward.

3. Assets so retained may be disbursed for the ward’s funeral or the disposal of his or her remains without prior authorization of the court. An amount not so disbursed becomes part of the ward’s estate.

(Added to NRS by 1999, 1396; A 2009, 1657)

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State Codes and Statutes

Statutes > Nevada > Title-13 > Chapter-159 > Powers-and-duties-of-guardians > 159-0895

159.0895 Assets retained to pay expenses of funeral and disposal of remains of ward: Amount exempt from all claims; placement in account or trust; reversion of excess to estate of ward.

1. The guardian may retain assets for the anticipated expense of the ward’s funeral and the disposal of his or her remains. Of the amount so retained, $3,000 is exempt from all claims, including those of this state.

2. The guardian may place assets so retained in a pooled account or trust. If the assets are invested in a savings account or other financial account, they are not subject to disposition as unclaimed property during the lifetime of the ward.

3. Assets so retained may be disbursed for the ward’s funeral or the disposal of his or her remains without prior authorization of the court. An amount not so disbursed becomes part of the ward’s estate.

(Added to NRS by 1999, 1396; A 2009, 1657)