If the value of the gift is expressed in the instrument providing for the gift or grant, or in a writing of the decedent, or in an acknowledgment of the donee, that value must be used in the distribution and division of the estate. Otherwise, the gift or grant must be valued as of the time the donee came into possession or enjoyment of the property or as of the time of death of the decedent, whichever occurs first.
(Added to NRS by 2003, 2514)
Structure Nevada Revised Statutes
Chapter 151 - Adjustments; Distribution and Discharge
NRS 151.003 - Order of priority for payment of devises.
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 151.060 - Partition when partial distribution ordered.
NRS 151.080 - Petition for final distribution.
NRS 151.090 - Notice of hearing of petition.
NRS 151.095 - Manner of distribution; distribution without proration.
NRS 151.110 - Order and distribution; recording of copy of order conveying real property.
NRS 151.120 - When gift before death not deemed advancement.
NRS 151.130 - Computation of share of estate if heir or devisee received advancement.
NRS 151.140 - Value of property advanced.
NRS 151.150 - Predeceased heir or devisee.
NRS 151.160 - Determination of questions as to advancements.
NRS 151.161 - When gift before death not deemed satisfaction of testamentary gift.
NRS 151.162 - Value of gift in satisfaction of testamentary gift.
NRS 151.163 - Effect of abatement.
NRS 151.180 - Distribution to guardians of nonresident minors and incapacitated persons.
NRS 151.190 - Sale of unclaimed personal property; disposition of proceeds.
NRS 151.210 - Claim of money paid into State Treasury; order of court.
NRS 151.220 - Specific devise of personal property for life only.
NRS 151.240 - Subsequent administration; limitation on reopening estate.