Nevada Revised Statutes 160.040 – Limitation on number of wards; exceptions
1. Except as otherwise provided in this section, it is unlawful for any person to accept appointment as guardian of any ward if the proposed guardian is at that time acting as guardian for five wards. In any case, upon presentation of a petition by an attorney of the Department of Veterans Affairs pursuant to this section alleging that a guardian is acting in a fiduciary capacity for more than five wards and requesting his or her discharge for that reason, the court, upon proof substantiating the petition, shall require a final accounting from the guardian and shall discharge the guardian in the case.
Terms Used In Nevada Revised Statutes 160.040
- Department of Veterans Affairs: means the Department of Veterans Affairs, its predecessors or successors. See Nevada Revised Statutes 160.020
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Guardian: means any person acting as a fiduciary for a ward. See Nevada Revised Statutes 160.020
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Ward: means a beneficiary of the Department of Veterans Affairs. See Nevada Revised Statutes 160.020
2. The limitations of this section do not apply where the guardian is a bank or trust company acting for the wards’ estates only.
3. An individual may be guardian of more than five wards if they are all members of the same family.
4. The limitations of this section do not apply to a public guardian.