Nevada § 144.020 - Appraisers: When appointment authorized; compensation; record of value in lieu of appraisement; exceptions
Full text of Nevada Nevada Revised Statutes § 144.020 — Appraisers: When appointment authorized; compensation; record of value in lieu of appraisement; exceptions, with citation guidance and answers to common questions.
§ 144.020. Appraisers: When appointment authorized; compensation; record of value in lieu of appraisement; exceptions
1. A personal representative may engage a qualified and disinterested appraiser to
ascertain the fair market value, as of the decedent's death, of any asset the value
of which is subject to reasonable doubt. Different persons may be engaged to appraise different kinds of assets included
in the estate. 2. Any such appraiser is entitled to a reasonable compensation for the appraisal and
may be paid the compensation by the personal representative out of the estate at any
time after completion of the appraisal. 3. Except as otherwise provided in NRS 144.010 , if there is no reasonable doubt as to the value of assets, such as money, deposits
in banks or credit unions, bonds, policies of life insurance, or securities for money
or evidence of indebtedness, and the asset is equal in value to cash, the personal
representative shall file a verified record of value in lieu of the appraisement. 4. If it appears beyond reasonable doubt that there will be no need to sell assets
of the estate to pay the debts of the estate or expenses of administration, or to
divide assets for distribution in kind to the devisees or heirs, the personal representative
may petition the court for an order allowing a verified record of value to be filed
in lieu of the appraisement or, if no interested person is prejudiced thereby, an
order waiving the requirement for filing an appraisement or verified record of value,
and the court may enter such an order with or without notice. 5. If the personal representative reasonably believes that the value of the household
furniture and furnishings of the estate is less than $30,000, the personal representative
may file a verified record of value in lieu of the appraisement. Notwithstanding the provisions of this subsection, any interested person may petition
the court to require the personal representative to obtain an appraisement on some
or all of such household furniture and furnishings. Upon a showing of good cause, the court shall order the appraisement.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 144.020
What does Nevada Revised Statutes § 144.020 cover?
Section 144.020 ("Appraisers: When appointment authorized; compensation; record of value in lieu of appraisement; exceptions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 144.020?
A common citation format is "Nevada Revised Statutes § 144.020" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 144.020 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.