What it asks for
List all the property that has come into your hands or to your knowledge. That includes a trust that pays her, or owes her, distributions. NRS 159.085(1) (opens in a new tab)
| Section | What goes there |
|---|---|
| Financial accounts | Bank, brokerage and retirement accounts, cash-value life insurance and trust interests, by institution and last four digits |
| Real estate | Each property by address, its value, loan, net value, the estate’s share and its condition |
| Vehicles | Year, make and model, value, loan and the estate’s share |
| Miscellaneous personal property | Household goods, art, jewelry, safe deposit box and storage unit contents |
| Trusts | Whether she is a trust beneficiary, and whether you ask the court to take over the trust |
| Debts/claims | Any claim she has against you, and money someone owes her but is not paying |
| Total estate value | The sum of every “Value of Estate’s Interest” |
| Record of value, oath, verification | Your statement of the values, your oath that the list is complete, and your signature under penalty of perjury |
| Certificate of service | How and when you served the protected person, her attorney and any guardian ad litem |
Each row ends with the value of the estate’s interest: the balance or net value times the share she owns. Mark that share (C) for community property or (S) for separate property, for example “50% (C)”.
An appraiser, accountant or valuation expert values each asset. You may state the value yourself for cash, bank deposits and similar assets, and for personal property worth $5,000 or less in all. Above that, the form requires an appraisal. For real estate you are not selling, the county assessor’s value will do. NRS 159.086 (opens in a new tab)
Common mistakes
The whole value of a shared asset
A house she owns half of goes in at its full value and loan. The last column carries only her half.
A trust left off
If she receives or may receive trust distributions, list the trust. Serve the trustee with a copy of the inventory. NRS 159.339(1) (opens in a new tab)
Property found later, reported nowhere
File a supplemental inventory within 30 days of finding it, or put it on your next accounting. The court may say which. NRS 159.085(5)–(6) (opens in a new tab)
Filing late
The court may revoke your letters, and you may be held liable. NRS 159.085(8) (opens in a new tab)
Your first account
The first Accounting begins on the day you were appointed. Its Worksheet A start column is based on this inventory, with the date you filed it.
Sources
- NV Inventory (opens in a new tab), Nevada Supreme Court Self-Help Center
- NRS 159.085, 159.086, 159.339 (opens in a new tab), when the inventory is due, how to value it, and trusts
- NRS 159A.085 (opens in a new tab), a minor’s estate
Also for Nevada: NV Accounting, Accounting
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