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Current as of January 01, 2021 | Updated by FindLaw Staff
1. A guardian of the estate shall take possession of:
(a) All of the property of substantial value of the protected minor;
(b) Rents, income, issues and profits from the property, whether accruing before or after the appointment of the guardian; and
(c) The proceeds from the sale, mortgage, lease or other disposition of the property.
2. The guardian may allow the protected minor to have possession and control of the personal property and funds as are appropriate to the needs and capacities of the protected minor.
3. The title to all property of the protected minor is in the protected minor and not in the guardian.
4. A guardian shall secure originals, when available, or copies of any:
(a) Contract executed by the protected minor;
(b) Revocable or irrevocable trust in which the protected minor has a vested interest as a beneficiary; and
(c) Writing evidencing a present or future vested interest in any real or intangible property.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 159A.089. Possession of and title to property of protected minor; guardian to secure certain documents - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-13-guardianships-conservatorships-trusts/nv-rev-st-159a-089/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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