NRS143.037. Duty to close estate within 18 months after appointment; exceptions.

      1.  Except as otherwise provided in this section, a personal representative shall close an estate within 18 months after appointment.

      2.  If a claim against the estate is in litigation or in summary determination pursuant to subsection 5 of NRS 145.060 or subsection 2 of NRS 147.130 or the amount of federal estate tax has not been determined, the court, upon petition of a devisee, creditor or heir, shall order that:

      (a) A certain amount of money, or certain other assets, be retained by the personal representative to:

             (1) Satisfy the claim or tax; and

             (2) Pay any fees or costs related to the claim or tax, including fees for appraisals, attorney’s fees and court costs; and

      (b) The remainder of the estate be distributed.

      3.  If a contest of the will or a proceeding to determine heirship is pending, the court which appointed the personal representative:

      (a) Shall order that a certain amount of money, or certain other assets, be retained and the remainder of the estate distributed; or

      (b) May, for good cause shown, order that the entire distributable estate be retained pending disposition of the contest or proceeding.

      (Added to NRS by 1997, 335; A 1999, 2291; 2001, 2344)