Nevada Revised Statutes 159.127 – Purposes for which property of protected person may be sold, leased or placed in trust
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A guardian of the estate, with prior approval of the court by order, may sell, lease or place in trust any of the property of the protected person:
Terms Used In Nevada Revised Statutes 159.127
- 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
1. For the purpose of paying claims against the protected person, the guardianship estate or the guardian of the estate.
2. For the purpose of providing for the proper care, maintenance, education and support of the protected person and any person to whom the protected person owes a legal duty of support.
3. For the purpose of investing the proceeds.
4. To obtain income through rentals or royalties.
5. For any other purpose that is in the best interests of the protected person.