Nevada Revised Statutes
Chapter 151 - Adjustments; Distribution and Discharge
NRS 151.130 - Computation of share of estate if heir or devisee received advancement.

1. Any property given by a decedent during the lifetime of the decedent as an advancement to a donee must be considered as part of the estate for the sole purpose of computing the respective shares of the distributees and must be taken by the donee toward his or her share of the estate of the decedent.
2. If the amount of the advancement exceeds the share of the heir or devisee so advanced, the heir or devisee is excluded from any further portion in the distribution and division of the estate, but he or she is not required to refund any part of the advancement. If the amount so received is less than the share of the heir or devisee, he or she is entitled to as much more as will give the heir or devisee his or her full share of the estate of the decedent.
[301:107:1941; 1931 NCL § 9882.301] + [302:107:1941; 1931 NCL § 9882.302]—(NRS A 1999, 2344)

<< Previous

Next >>

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 151 - Adjustments; Distribution and Discharge

NRS 151.003 - Order of priority for payment of devises.

NRS 151.005 - Agreement by distributees to alter interests, shares or amounts to which they are otherwise entitled under terms of will: Requirements; exceptions; personal representative to abide by terms.

NRS 151.010 - Petition for partial distribution; bond.

NRS 151.020 - Petition for hearing and notice of hearing.

NRS 151.030 - Contest of petition.

NRS 151.040 - Order for distribution: Prerequisites to order; bond; assumption of personal liability by heir or devisee.

NRS 151.050 - Order of repayment: Action on bond or other security; action against distributee if no bond or other security given.