Nevada Revised Statutes 159.057 – Appointment of guardian for two or more proposed protected persons; powers, duties and termination of such guardianships
1. Where the appointment of a guardian is sought for two or more proposed protected persons who are children of a common parent, parent and child or married couple, it is not necessary that separate petitions, bonds and other papers be filed with respect to each proposed protected person or protected persons.
Terms Used In Nevada Revised Statutes 159.057
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- 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
2. If a guardian is appointed for such protected persons, the guardian:
(a) Shall keep separate accounts of the estate of each protected person;
(b) May make investments for each protected person;
(c) May compromise and settle claims against one or more protected persons; and
(d) May sell, lease, mortgage or otherwise manage the property of one or more protected persons.
3. The guardianship may be terminated with respect to less than all the protected persons in the same manner as provided by law with respect to a guardianship of a single protected person.