1. 1. A guardian of the estate shall:

   1. (a) Protect, preserve, manage and dispose of the estate of the protected minor according to law and for the best interests of the protected minor;
   2. (b) Responsibly invest the property of the protected minor pursuant to NRS 159A.117;
   3. (c) File an annual accounting pursuant to NRS 159A.176 to 159A.184, inclusive; and
   4. (d) Take any other action authorized or required by law.

2. 2. Upon approval of the court, a guardian of the estate may:

   1. (a) Expend money from the estate of the protected minor if it is necessary to meet any extraordinary needs of the protected minor, considering the routines and needs of the protected minor before the establishment of the guardianship of the estate and the expenditures prescribed in an annual budget approved by the court pursuant to NRS 159A.0445;
   2. (b) Manage any property right on behalf of the protected minor;

   3. (c) Establish:

      1. (1) A special needs trust;
      2. (2) A trust for the benefit of the protected minor which is payable over the lifetime of the minor or over a reasonable shorter period; and
      3. (3) A structured settlement which is payable over the lifetime of the protected minor or over a reasonable shorter period of time; and
   4. (d) Invest money, including, without limitation, with the assistance of a financial advisor, for the purposes of growing the estate of the protected minor, as appropriate given the age and needs of the minor and the size of the estate.

3. 3. As used in this section:

   1. (a) “Estate of the protected minor” does not include any payment assigned to a guardian for the support of the protected minor, including, without limitation, child support payments that are processed pursuant to Part D of Title IV of the Social Security Act, 42 U.S.C. §§ 651 et seq., and any supplemental security income benefit.
   2. (b) “Special needs trust” has the meaning ascribed to it in NRS 163.556.
   3. (c) “Structured settlement” has the meaning ascribed to it in NRS 42.275.

(Added to NRS by 2017, 837; A 2025, 1710)