Nevada § 159.076 - Summary administration

§ 159.076. Summary administration

1. The court may grant a summary administration if, at any time, it appears to the

court that after payment of all claims and expenses of the guardianship the value

of the property of the protected person does not exceed $10,000. 2. If the court grants a summary administration, the court may authorize the guardian

of the estate or special guardian who is authorized to manage the property of the

protected person to convert the property to cash and sell any of the property, with

or without notice, as the court may direct. After the payment of all claims and the expenses of the guardianship, the guardian

shall deposit the money in savings accounts or invest the money as provided in NRS 159.117 , and hold the investment and all interest, issues, dividends and profits for the

benefit of the protected person. The court may dispense with annual accountings and all other proceedings required

by this chapter. 3. Whether the court grants a summary administration at the time the guardianship

is established or at any other time, the guardian shall file an inventory and record

of value with the court. 4. If, at any time, the net value of the estate of the protected person exceeds $10,000: (a) The guardian shall file an amended inventory and accounting with the court; (b) The guardian shall file annual accountings; and (c) The court may require the guardian to post a bond.