Executor Duties in Nevada

The personal representative must file a true inventory and appraisement (or record of value) of the estate's assets with the clerk within 120 days after letters issue, unless the court extends the time or all interested persons waive it in writing, and mail a copy to heirs or devisees within 10 days after filing. Notice to creditors is published and mailed; creditors must file claims within 90 days after first publication or mailing (or 30 days after a mailed notice, if later). A first verified account showing money received and spent and the claims filed is due within 6 months after appointment, and the estate ends with a final account and request for settlement and distribution.

Probate is opened in the district court by a petition for probate of the will and issuance of letters (or for letters of administration), stating the heirs and devisees, the estate's character and estimated value, and who should receive letters. Before letters issue, the personal representative must take and file an oath to perform the duties according to law. Requiring a bond is up to the court, whether or not the will requires one; the court may dispense with bond if unnecessary or if estate assets are placed in a blocked account. Nevada issues 'letters testamentary' to executors and 'letters of administration' to administrators.

Creditors must file claims within 90 days after the first published notice. A creditor who is mailed notice has 30 days after the mailing or 90 days after first publication, whichever is later. In summary administration the 90 days is shortened to 60. Late claims are generally barred, unless the creditor had no notice and files before the final account.