2022 Nevada Revised Statutes
Chapter 159A - Guardianship of Minors
NRS 159A.089 - Possession of and title to property of protected minor; guardian to secure certain documents.
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.
(Added to NRS by 2017, 839)
