Nevada Code § 164.025

Notice of death of settlor; filing of claim against settlor, trust estate or settlor and trust estate; effect of failure to file claim; notice to Nevada Health Authority and Department of Human Services under certain circumstances; notice of rejected claim; effect of failure to bring suit after notice of rejected claim
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1. Regardless of the filing of a petition
under NRS 164.010 , the trustee of a
nontestamentary trust may after the death of the settlor of the trust cause to
be published a notice in the manner specified in paragraph (b) of subsection 1
of NRS 155.020 and mail a copy of the
notice to known or readily ascertainable creditors.
2. The notice must be in substantially the
following form:
(a) For a claim against the settlor:
NOTICE
TO CREDITORS
Notice is hereby given that
the undersigned is the duly appointed and qualified trustee of the
................ trust. ................, the settlor of that trust died on
................. A creditor having a claim against the settlor must file a
claim with the undersigned at the address given below within 90 days after the
first publication of this notice.
Dated.........................................
...........................................................................
Trustee
...........................................................................
Address
(b) For a claim against the trust:
NOTICE
TO CREDITORS
Notice is hereby given that
the undersigned is the duly appointed and qualified trustee of the
................ trust. ................, the settlor of that trust died on
................. A creditor having a claim against the trust estate must file
a claim with the undersigned at the address given below within 90 days after
the first publication of this notice.
Dated.........................................
...........................................................................
Trustee
...........................................................................
Address
(c) For a claim against the settlor and the
trust:
NOTICE
TO CREDITORS
Notice is hereby given that
the undersigned is the duly appointed and qualified trustee of the
................ trust. ................, the settlor of that trust died on
................. A creditor having a claim against the settlor and against the
trust estate must file a claim with the undersigned at the address given below
within 90 days after the first publication of this notice.
Dated.........................................
...........................................................................
Trustee
...........................................................................
Address
3. Except as otherwise provided in
subsection 4, a person having a claim, due or to become due, against a settlor
or the trust, as applicable, must file the claim with the trustee within 90
days after the mailing, for those required to be mailed, or 90 days after
publication of the first notice to creditors. A claim filed within the
applicable period is presumed timely filed if it contains on the first page of
the claim a title stating it is a Claim Pursuant to NRS 164.025 in a minimum 12-point bold
type and it is mailed to the trustee at the address set forth in the notice
with a return receipt or the creditor obtains written confirmation of receipt
signed by the trustee or trustees counsel. Any claim against a settlor or the
trust estate, as applicable, that is not timely filed is forever barred. After
the expiration of the time to file a claim as provided in this subsection or,
if applicable, subsection 4, the trustee may distribute the assets of the trust
to its beneficiaries without personal liability for any claim which has not
been timely filed with the trustee. A claim not complying with the requirements
of this subsection is rebuttably presumed to be untimely.
4. Notwithstanding the provisions of
subsection 3, if the existence of an additional creditor who was not known or
readily ascertainable at the time of the first publication of the notice to
creditors is discovered by the trustee before the last day that creditors who
were provided such notice may file a claim with the trustee pursuant to
subsection 3, the trustee shall immediately mail a copy of the notice to the
additional creditor, who must file a claim with the trustee in accordance with
the provisions of subsection 3 within the applicable time period set forth in
subsection 3 or 30 days from the date the trustee mailed such subsequent notice
to the creditor, whichever is later.
5. If the trustee knows or has reason to
believe that the settlor received public assistance during the lifetime of the
settlor, the trustee shall, whether or not the trustee gives notice to other
creditors, give notice within 30 days after the death to the Department of
Human Services in the manner provided in NRS
155.010 . If the settlor received Medicaid during the lifetime of the
settlor, the notice required by this subsection must be given to the Nevada
Health Authority. If notice to the Department is required by this subsection
but is not given, the trust estate and any assets transferred to a beneficiary
remain subject to the right of the Department to recover public assistance
received.
6. If a claim is rejected by the trustee,
in whole or in part, the trustee must, within 10 days after the rejection,
notify the claimant of the rejection by written notice forwarded by registered
or certified mail to the mailing address of the claimant. The claimant must
bring suit in the proper court against the trustee within 60 days after the
notice is given, whether the claim is due or not, or the claim is barred
forever and the trustee may distribute the assets of the trust to its
beneficiaries without personal liability to any creditor whose claim is barred
forever.
7. As used in this section,
nontestamentary trust has the meaning ascribed to it in NRS 163.0016 .

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