Nevada Revised Statutes 163.400 – Payment to or for minor or incapacitated person
A fiduciary may:
Terms Used In Nevada Revised Statutes 163.400
- 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.
- 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. Make payments in money, or in property in lieu of money, to or for a minor or incapacitated person in any one or more of the following ways:
(a) Directly to the minor or incapacitated person.
(b) To apply directly in payment for the support, maintenance, education and medical, surgical, hospital or other institutional care of the minor or incapacitated person.
(c) To the legal or natural guardian of the minor or incapacitated person.
(d) To any other person, whether or not appointed guardian of the person by any court, who has, in fact, the care and custody of the person of the minor or incapacitated person.
2. The fiduciary has no duty to see to the application of the payments so made, if the fiduciary exercised due care in the selection of the person, including the minor or incapacitated person, to whom the payments were made, and the receipt of that person is full acquittance to the fiduciary.