Nevada § 159A.193 - Winding up affairs

§ 159A.193. Winding up affairs

1. The guardian of the estate is entitled to retain possession of the protected minor's

property already in the control of the guardian and is authorized to perform the duties

of the guardian to wind up the affairs of the guardianship: (a) Except as otherwise provided in paragraph (b), (c) or (d), for not more than 180

days or a period that is reasonable and necessary as determined by the court after

the termination of the guardianship; (b) Except as otherwise provided in paragraph (d), for not more than 90 days after

the date of the appointment of a personal representative of the estate of a deceased

protected minor; (c) Except as otherwise provided in paragraph (d), for not more than 90 days after

the date of the appointment of a successor trustee of a trust of the deceased protected

minor and upon request by the trustee; or (d) Upon approval of the court, for more than 180 days or 90 days, as applicable,

if the guardian is awaiting certification from the appropriate authority acknowledging

that the guardian has no further liability for taxes on the estate. 2. To wind up the affairs of the guardianship, the guardian shall: (a) Pay all expenses of administration of the guardianship estate, including those

incurred in winding up the affairs of the guardianship. (b) Complete the performance of any contractual obligations incurred by the guardianship

estate. (c) With prior approval of the court, continue any activity that: (1) The guardian believes is appropriate and necessary; or (2) Was commenced before the termination of the guardianship. (d) If the guardianship is terminated for a reason other than the death of the protected

minor, examine and allow and pay, or reject, all claims presented to the guardian

before the termination of the guardianship for obligations incurred before the termination. 3. If the assets are transferred to a personal representative or a successor trustee

as provided for in paragraphs (b) and (c) of subsection 1, the court may authorize

the guardian to retain sufficient assets to pay any anticipated expenses and taxes

of the guardianship estate.