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SB 404 Nevada Senate · 2025 Regular Session

Revises provisions relating to personal financial administration. (BDR 12-901)

SB 404 revises Nevada's laws governing the administration of trusts and estates, directly affecting residents with estates or trusts. Key changes include raising the estate value threshold for simplified summary administration from $300,000 to $500,000, increasing the set-aside amount without full administration from $100,000 to $150,000, and updating the affidavit limit for surviving spouses. The bill also revises the priority order for appointing estate administrators, allowing courts to appoint qualified individuals based on "good cause" (e.g., after proving due diligence to locate heirs), and repeals a preference for relatives of "whole blood" over "half blood" in estate matters. These updates streamline estate processing while clarifying administrative procedures for courts and personal representatives.
Bill status signed all 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Senate Passage
May 2025
Assembly Passage
May 2025
Signed into Law
Jun 2025
Introduced Mar 20, 2025 Signed Jun 5, 2025
Maddy AI version diff · 3 comparisons

What changed between versions

Reprint 2 → As Enrolled · 6 edits · Jun 5, 2025
MODERATE
This bill updates Nevada's laws on managing estates and trusts by increasing financial thresholds for simplified estate administration, clarifying who can serve as an administrator, and adjusting time limits for legal challenges against fiduciaries. It also modernizes trust provisions to allow for specific distributions and tax reimbursements while removing outdated preferences regarding bloodline relatives.
Scope change
The bill expands the scope of simplified estate administration by raising monetary limits, thereby allowing more estates to be settled without full court supervision. It also broadens eligibility for serving as an estate administrator by allowing courts to appoint individuals based on 'good cause' rather than strictly following a rigid priority list.
FISCAL

Increased the maximum gross value of an estate eligible for summary administration from $300,000 to $500,000.

Raised the monetary limit for estates that can be settled without administration from $100,000 to $150,000.

ELIGIBILITY

Revised the priority order for appointing an estate administrator and allowed courts to appoint individuals based on 'good cause' if no one else is qualified.

Repealed the legal preference given to relatives of the whole blood over relatives of the half blood in estate administration.

TIMELINE

Extended the time limit to file a lawsuit against a fiduciary for breach of duty (excluding fraud) from the previous period to 2 years.

REQUIREMENT

Authorized trustees to make direct distributions to beneficiaries and reimburse the settlor for tax payments under specific circumstances.

Floor votes · Senate Apr 22, 2025 · Assembly May 22, 2025

How they voted

20–0
Passed
Total votes 20
Apr 22, 2025
D Democratic12
12 Yea
100% Yea
R Republican8
8 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
12
Key actions
7
Committee
3
Jun 5, 2025
Signed into law
Approved by the Governor.
executive
May 30, 2025
Upper · Passed
Assembly Amendment No. 652 concurred in. To enrollment.
upper
May 22, 2025
Upper · Passed
From printer. To reengrossment. Reengrossed. Second reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.) To Senate. In Senate.
upper
May 20, 2025
Upper · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 652.) To printer.
upper
Apr 22, 2025
Upper · Passed
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 21, Nays: None.) To printer.
upper
Apr 21, 2025
Upper · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 258.) Reprinting dispensed with.
upper
Mar 21, 2025
Upper · Passed
From printer. To committee.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.