Nevada Revised Statutes 159A.127 – Purposes for which property of protected minor 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 minor:
Terms Used In Nevada Revised Statutes 159A.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
1. For the purpose of paying claims against the protected minor, 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 minor.
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 minor.