Nevada § 150.020 - General compensation
Full text of Nevada Nevada Revised Statutes § 150.020 — General compensation, with citation guidance and answers to common questions.
§ 150.020. General compensation
1. If no compensation is provided by the will, or the personal representative renounces
all claims thereto, fees must be allowed upon the whole amount of the estate which
has been accounted for, less liens and encumbrances, as follows: (a) For the first $15,000, at the rate of 4 percent. (b) For the next $85,000, at the rate of 3 percent. (c) For all above $100,000, at the rate of 2 percent. 2. The same fees must be allowed to the personal representative if there is no will. 3. If there are two or more personal representatives, the compensation must be apportioned
among them by the court according to the services actually rendered by each. 4. In addition to the fees described in subsection 1, the court may allow such fees
as it deems just and reasonable if the fees authorized pursuant to subsection 1 are
not sufficient to reasonably compensate the personal representative.
Frequently Asked Questions About Nevada § 150.020
What does Nevada Revised Statutes § 150.020 cover?
Section 150.020 ("General compensation") 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 § 150.020?
A common citation format is "Nevada Revised Statutes § 150.020" (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 § 150.020 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.