The personal representative who has limited authority or full authority has the power to purchase an annuity from an insurer admitted to do business in this State to satisfy a devise of an annuity or other direction in the will for periodic payments to a devisee.
(Added to NRS by 2011, 1446)
Structure Nevada Revised Statutes
Chapter 143 - Powers and Duties of Personal Representatives
NRS 143.020 - Right to possession of decedent’s property.
NRS 143.037 - Duty to close estate within 18 months after appointment; exceptions.
NRS 143.040 - Rights of surviving partner.
NRS 143.060 - Extent of power to sue and be sued.
NRS 143.065 - Statute of limitations for cause of action of decedent.
NRS 143.070 - Actions by personal representative for conversion or trespass.
NRS 143.080 - Actions against personal representative for conversion or trespass.
NRS 143.090 - Action on bond of former personal representative.
NRS 143.100 - Action for conversion before letters granted.
NRS 143.140 - Discharging debtor of estate, compromising claims and renewing obligations: Procedure.
NRS 143.150 - Action to recover fraudulently conveyed property for benefit of creditors.
NRS 143.160 - Costs; disposal of property recovered; proceeds.
NRS 143.170 - Purchase of property of estate by personal representative.
NRS 143.175 - Power to make certain investments.
NRS 143.187 - Power to hold stock in name of nominee; personal liability of personal representative.
NRS 143.210 - Necessary parties to actions.
NRS 143.310 - "Court supervision" defined.
NRS 143.315 - "Full authority" defined.
NRS 143.320 - "Limited authority" defined.
NRS 143.330 - Effect of provision in will that prohibits independent administration of estate.
NRS 143.335 - Independent administration of estate by special administrator.
NRS 143.345 - Notice of hearing on petition; persons required to receive notice; contents.
NRS 143.350 - Court authorized to grant requested authority; exceptions.
NRS 143.352 - Acceptance of or refusal to accept letters of administration or letters testamentary.
NRS 143.355 - Amount of bond of personal representative.
NRS 143.370 - Court approval or supervision required for certain actions; exceptions.
NRS 143.375 - Powers of personal representative granted independent administration authority.
NRS 143.400 - Requirements for exercise of powers by personal representative.
NRS 143.405 - Sale or exchange of real property.
NRS 143.410 - Sale or incorporation of business or joint venture.
NRS 143.415 - Abandonment of tangible personal property.
NRS 143.420 - Power to borrow and to encumber property of estate.
NRS 143.425 - Grant of option to purchase real property of estate.
NRS 143.430 - Transfer of property to person exercising option to purchase provided in will.
NRS 143.435 - Conveyance or transfer of real or personal property under certain circumstances.
NRS 143.440 - Determination of claims to property.
NRS 143.450 - Preliminary distributions authorized under certain circumstances.
NRS 143.455 - Actions concerning claims by, for the benefit of, or against the estate.
NRS 143.460 - Commencement and defense of certain actions and proceedings.
NRS 143.465 - Modification of terms of obligation to or in favor of decedent.
NRS 143.500 - Exercise of powers by personal representative; exceptions.
NRS 143.505 - Management and control of estate property.
NRS 143.510 - Power to enter contracts without notice; exception.
NRS 143.515 - Deposit and investment of money of estate.
NRS 143.520 - Continuation of partnership or other business.
NRS 143.525 - Payment of family allowance.
NRS 143.530 - Lease of property of estate.
NRS 143.535 - Sale or exchange of personal property.
NRS 143.540 - Grant of exclusive right to sell property.
NRS 143.600 - Exercise of powers by personal representative.
NRS 143.605 - Additional powers of personal representative.
NRS 143.610 - Conveyance or transfer of property under certain circumstances.
NRS 143.615 - Payment of taxes, assessments and expenses.
NRS 143.620 - Purchase of annuity under certain circumstances.
NRS 143.625 - Exercise of option.
NRS 143.630 - Purchase of securities or commodities to perform incomplete contract of sale.
NRS 143.635 - Holding securities in name of nominee or in any other form for certain purposes.
NRS 143.640 - Exercise of security subscription or conversion rights.
NRS 143.645 - Repairs and improvements to property of estate.
NRS 143.650 - Acceptance of deed or deed of trust in lieu of foreclosure or trustee’s sale.
NRS 143.655 - Partial satisfaction of mortgage or partial reconveyance under deed of trust.
NRS 143.700 - Circumstances pursuant to which notice of proposed action is required or authorized.
NRS 143.705 - Persons to whom notice of proposed action is required to be given.
NRS 143.710 - Consent to proposed action.
NRS 143.720 - Revocation of consent to proposed action or waiver of notice of proposed action.
NRS 143.725 - Contents of notice of proposed action.
NRS 143.730 - Requirements for delivery of notice of proposed action.
NRS 143.800 - Letters testamentary or letters of administration.
NRS 143.805 - Notice of proposed action.