Nevada § 159.086 Guardian of estate to cause appraisal or valuation of assets of guardianship estate; record or statement in lieu of appraisal

Nevada Statutes

§ 159.086 — Guardian of estate to cause appraisal or valuation of assets of guardianship estate; record or statement in lieu of appraisal

Nevada § 159.086

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 159Guardianship

POWERS AND DUTIES OF GUARDIANS

This text of Nevada § 159.086 (Guardian of estate to cause appraisal or valuation of assets of guardianship estate; record or statement in lieu of appraisal) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 159.086 (2026).

Text

1. Except as otherwise provided in subsection 2, the guardian of an estate shall cause an appraisal or valuation of any asset of a guardianship estate to be conducted by a disinterested appraiser, certified public accountant or expert in valuation and file the appraisal or valuation with the court. 2. In lieu of an appraisal, the guardian may file:

(a)A verified record of value of an asset where the value of the asset can be determined with reasonable certainty, including, without limitation:

(1)Money, deposits in banks, bonds, policies of life insurance or securities for money, when equal in value to cash; and

(2)Personal property, including, without limitation, household goods, if the combined value of the personal property does not exceed $5,000.

(b)A statement of the assessed value

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1. Except as otherwise provided in subsection 2, the guardian of an estate shall cause an appraisal or valuation of any asset of a guardianship estate to be conducted by a disinterested appraiser, certified public accountant or expert in valuation and file the appraisal or valuation with the court.
2. In lieu of an appraisal, the guardian may file:
(a) A verified record of value of an asset where the value of the asset can be determined with reasonable certainty, including, without limitation:
(1) Money, deposits in banks, bonds, policies of life insurance or securities for money, when equal in value to cash; and
(2) Personal property, including, without limitation, household goods, if the combined value of the personal property does not exceed $5,000.
(b) A statement of the assessed value of real property as determined by the county assessor for tax purposes, except that if the real property is to be sold, the guardian must file an appraisal.