143.037 - Duty to close estate within 18 months after appointment; exceptions.
143.037 Duty to close estate within 18 months after appointment; exceptions.
1. Except as otherwise provided in this section, a personal representative shall close an estate within 18 months after appointment.
2. If a claim against the estate is in litigation or in summary determination pursuant to subsection 5 of NRS 145.060 or subsection 2 of NRS 147.130 or the amount of federal estate tax has not been determined, the court, upon petition of a devisee, creditor or heir, shall order that:
(a) A certain amount of money, or certain other assets, be retained by the personal representative to:
(1) Satisfy the claim or tax; and
(2) Pay any fees or costs related to the claim or tax, including fees for appraisals, attorney’s fees and court costs; and
(b) The remainder of the estate be distributed.
3. If a contest of the will or a proceeding to determine heirship is pending, the court which appointed the personal representative:
(a) Shall order that a certain amount of money, or certain other assets, be retained and the remainder of the estate distributed; or
(b) May, for good cause shown, order that the entire distributable estate be retained pending disposition of the contest or proceeding.
(Added to NRS by 1997, 335; A 1999, 2291; 2001, 2344)