NRS609.540. Certain amount of net earnings to be set aside for minor; modification of amount to be set aside; disposition, upon termination of contract, of amount set aside.

      1.  At the time of issuing an order appointing a special guardian pursuant to NRS 609.530, the court shall fix and include in the order the amount or percentage of the net earnings of the minor to be set aside for the benefit of the minor that the court determines is in the best interests of the minor. The amount or percentage of the net earnings to be set aside must not be less than 15 percent or more than 50 percent of the net earnings.

      2.  Any time following the issuance of an order fixing or modifying the amount or percentage of the net earnings to be set aside pursuant to this section:

      (a) Upon the request of the minor, the special guardian shall move the court for an order modifying the amount or percentage of the net earnings to be set aside.

      (b) Upon his or her own initiative, the special guardian may move the court for an order modifying the amount or percentage of the net earnings to be set aside.

      3.  The court may grant a motion and modify the amount or percentage of the net earnings to be set aside if the court finds that, because of changed circumstances, modification of the amount or percentage of the net earnings to be set aside is in the best interests of the minor.

      4.  Upon termination of a contract approved by the court pursuant to NRS 609.400 to 609.570, inclusive, the special guardian shall immediately transfer all remaining money that has been received and held for the benefit of the minor, together with an accounting of all money that has been collected, disbursed and expended, to:

      (a) The guardian of the property of the minor, if the minor has not reached the age of majority and has not been emancipated.

      (b) The minor, if the minor has reached the age of majority or has been emancipated.

      (Added to NRS by 2003, 1591)