As personal representative you have very few general powers. Most actions must be authorized by the probate court. You cannot assume that you can take action without court approval because the Will says so. Even if you have the power to take certain actions, getting prior court authorization may be advisable if the action will cause controversy among the heirs or Will beneficiaries.
(a) After your official appointment, you may, without further court authority:
(1) Collect the decedent’s personal property and place them in your possession;
(2) Collect the decedent’s cash and cash accounts and place them in one or more federally-insured accounts in your name as executor or administrator for the estate;
(3) Keep real estate in good “tenantable” repair, and rent out the property for periods of less than one year;
(4) Collect interest, dividends, rents, and other income due the decedent, to be deposited in federally-insured accounts belonging to the estate in your name as executor or administrator.
(b) Unless previously authorized by the probate court, you should NEVER:
(1) Do anything in the estate’s behalf before “Letters” are issued by the probate court;
(2) Carry on the decedent’s business or perform the decedent’s contracts;
(3) Make any contracts or agreements binding on the estate;
(4) Sell, lease, abandon, or give away estate assets;(5) Borrow money; sign a promissory note, mortgage, trust deed, or other lien document affecting estate property;
(6) Distribute estate property to a beneficiary;
(7) Act without the consent of any co-executor or co-administrator (or a majority of such, if there are more than two);
(8) Pay any debt or claim against the estate; or
(9) Sign a release or otherwise compromise any debts or claims against the estate;
(c) Under Nevada law, you can NEVER:
(1) Deposit estate funds into a personal account;
(2) Place estate assets into a personal safe deposit box;
(3) Co-mingle the assets of the estate with those of any person;
(4) Take title to assets in your own name without reflecting your capacity as an executor or administrator;
(5) Distribute assets to a beneficiary without prior court approval.