Nevada § 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
Full text of Nevada Nevada Revised Statutes § 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, with citation guidance and answers to common questions.
§ 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 agree
among themselves to alter the interests, shares or amounts to which they are entitled
under the terms of the will of the decedent, or under the laws of intestacy, in any
way that they provide in a written agreement executed by all who are affected by its
provisions. The personal representative shall abide by the terms of the agreement subject to his
or her obligation to administer the estate for the benefit of creditors, to pay all
taxes and costs of administration, and to carry out the responsibilities of the office
for the benefit of any distributees of the decedent who are not parties. Personal representatives of the estate of decedents are not required to oversee the
performance of trusts if the trustee thereof is another person who is willing to accept
the trust. Accordingly, trustees of a testamentary trust are distributees for the purposes of
this section. This section does not relieve trustees of any duties owed to beneficiaries of trusts.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 151.005
What does Nevada Revised Statutes § 151.005 cover?
Section 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") 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 § 151.005?
A common citation format is "Nevada Revised Statutes § 151.005" (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 § 151.005 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.