Nevada Code § 144.020

Appraisers: When appointment authorized; compensation; record of value in lieu of appraisement; exceptions
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1. A personal representative may engage a
qualified and disinterested appraiser to ascertain the fair market value, as of
the decedents death, of any asset the value of which is subject to reasonable
doubt. Different persons may be engaged to appraise different kinds of assets
included in the estate.
2. Any such appraiser is entitled to a
reasonable compensation for the appraisal and may be paid the compensation by
the personal representative out of the estate at any time after completion of
the appraisal.
3. Except as otherwise provided in NRS 144.010 , if there is no reasonable
doubt as to the value of assets, such as money, deposits in banks or credit
unions, bonds, policies of life insurance, or securities for money or evidence
of indebtedness, and the asset is equal in value to cash, the personal
representative shall file a verified record of value in lieu of the
appraisement.
4. If it appears beyond reasonable doubt
that there will be no need to sell assets of the estate to pay the debts of the
estate or expenses of administration, or to divide assets for distribution in
kind to the devisees or heirs, the personal representative may petition the
court for an order allowing a verified record of value to be filed in lieu of
the appraisement or, if no interested person is prejudiced thereby, an order
waiving the requirement for filing an appraisement or verified record of value,
and the court may enter such an order with or without notice.
5. If the personal representative
reasonably believes that the value of the household furniture and furnishings
of the estate is less than $30,000, the personal representative may file a
verified record of value in lieu of the appraisement. Notwithstanding the
provisions of this subsection, any interested person may petition the court to
require the personal representative to obtain an appraisement on some or all of
such household furniture and furnishings. Upon a showing of good cause, the
court shall order the appraisement.

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