Administration of Trusts

  1. Law
  2. Nevada Revised Statutes
  3. Administration of Trusts

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Section
164.005

Applicability of provisions of chapters 132, 153 and 155 of NRS regulating matters of estates.

Section
164.010

Petition for assumption of jurisdiction; circumstances in which trust is domiciled in this State; determination of venue; powers of court; petition for removal of trust from jurisdiction of court.

Section
164.015

Petition concerning internal affairs of nontestamentary trust; jurisdiction of court; procedure for contests of certain trusts; final order; appeal.

Section
164.021

Notice by trustee to beneficiary concerning change of revocable trust to irrevocable trust; contents of notice; limitation of action to contest validity of trust.

Section
164.025

Notice of death of settlor; filing of claim against settlor or trust estate; effect of failure to file claim; notice to Department of Health and Human Services; notice of rejected claim; effect of failure to bring suit after notice of rejected claim.

Section
164.030

Petition for instructions: Notice; hearing; final order; appeal.

Section
164.033

Petition concerning conveyance, transfer or delivery of property of trust; notice of hearing; order; appeal.

Section
164.037

Petitions: Notice and hearing.

Section
164.038

Circumstances under which certain persons are authorized to be represented by persons with similar interests in proceedings concerning administration of trust; binding results; representation by powerholder for permissible appointee or taker in default of appointment; representation by parent or guardian of beneficiary.

Section
164.040

Power or jurisdiction of court not abridged; court may take action necessary or proper to dispose of matter presented by petition.

Section
164.043

Expenses and compensation of trustees.

Section
164.045

Circumstances under which laws of this State govern trusts; change of situs to this State.

Section
164.067

Power to sell, convey or encumber.

Section
164.070

Short title.

Section
164.080

Establishment; investments; management.

Section
164.090

Accountings.

Section
164.100

Uniformity of interpretation.

Section
164.130

Transfer by court to district court in this State or court outside Nevada.

Section
164.400

Presentation; effect; form.

Section
164.410

Contents.

Section
164.420

Dispositive provisions not required; person presented with certification may request excerpts from trust instrument designating trustee.

Section
164.430

Reliance upon facts contained in certification; enforceability.

Section
164.440

Failure to demand certification not improper act; liability.

Section
164.640

Short title.

Section
164.643

Definitions.

Section
164.645

"Charitable purpose" defined.

Section
164.647

"Endowment fund" defined.

Section
164.650

"Gift instrument" defined.

Section
164.653

"Institution" defined.

Section
164.655

"Institutional fund" defined.

Section
164.657

"Person" defined.

Section
164.660

"Program-related asset" defined.

Section
164.663

"Record" defined.

Section
164.665

Standard of conduct in managing and investing institutional fund.

Section
164.667

Appropriation for expenditure or accumulation of endowment fund; rules of construction.

Section
164.670

Delegation of management and investment functions.

Section
164.673

Release or modification of restrictions on management, investment or purpose.

Section
164.675

Reviewing compliance.

Section
164.677

Relation to Electronic Signatures in Global and National Commerce Act.

Section
164.680

Uniformity of application and construction.

Section
164.700

Definitions.

Section
164.705

Short title.

Section
164.710

Administration of trust or estate by fiduciary in accordance with its terms or in accordance with provisions of NRS.

Section
164.715

Acting in interest of beneficiaries.

Section
164.720

Trust having two or more beneficiaries; impartial administration of trust or estate.

Section
164.725

Notice of proposed action: Authorized; to whom notice must be sent; content; objection to proposed action; limitations on liability; court order to take action over objection; burden of proof; notice when action not taken.

Section
164.730

No duty to make adjustment between principal and income; trustee immunity from liability.

Section
164.735

Applicability.

Section
164.740

Duty to comply with prudent investor rule; circumstances under which trustee is immune from liability.

Section
164.745

Satisfaction of prudent investor standard; evaluation of decisions; consideration of circumstances; verification of facts; types of investments; special skills or expertise of trustee.

Section
164.750

Diversification of investments.

Section
164.755

Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time.

Section
164.760

Incurring costs.

Section
164.765

Determination of compliance with prudent investor rule.

Section
164.770

Delegation of functions by trustee; standard of care owed by agent; trustee immunity from liability; jurisdiction over agent.

Section
164.775

Terms and language of trust which authorize certain investments or strategies.

Section
164.780

Short title.

Section
164.785

Definitions.

Section
164.790

Allocation of receipt or disbursement to principal when terms of trust and provisions of NRS do not provide rule.

Section
164.795

Adjustment between principal and income; consideration of factors; adjustment prohibited under certain circumstances; release of power to adjust; effect of terms of trust that limit power to adjust.

Section
164.796

Circumstances under which trustee authorized to convert trust into unitrust; effect of such conversion on certain terms of trust; liability of trustee or disinterested person.

Section
164.797

Administration of unitrust: Duties of trustee; valuation of assets of trust.

Section
164.798

Administration of unitrust: Powers of trustee; manner of distributions.

Section
164.799

Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust.

Section
164.800

Applicable rules after death of decedent or end of income interest in trust.

Section
164.805

Distribution of net income to beneficiaries; rules for determining share of net income.

Section
164.810

Date on which income interest begins; date on which asset becomes subject to trust or successive income interest; date on which income interest ends.

Section
164.815

Allocation of certain income receipts and disbursements; due dates for certain payments and distributions.

Section
164.820

Payment of undistributed income upon end of mandatory income interest; prorating final payment upon end of obligation to pay fixed annuity or fixed fraction of value of trust’s assets.

Section
164.825

Allocation of money received from entity to income; allocation of receipts from entity to principal; determination of money as return of capital; reliance upon financial statements and other information about character of distribution or source of funds from which distribution is made.

Section
164.830

Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity.

Section
164.835

Accounting separately for business or other activity.

Section
164.840

Allocation of assets, money, property and other receipts to principal.

Section
164.845

Allocation of receipts from rental property to income; treatment of refundable deposit.

Section
164.850

Allocation of interest on obligation to pay money to trustee to income; allocation of amount received from disposition of certain obligations to principal; applicability of provisions.

Section
164.855

Allocation of proceeds of life insurance policy and certain contracts to principal; allocation of dividends on insurance policy to income or principal.

Section
164.860

Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial.

Section
164.865

Allocation of certain payments received because of services rendered or property transferred to payor in exchange for future payments to income or principal, or both; certain exceptions for trusts that qualify for marital deduction under federal law.

Section
164.870

Allocation of receipts from liquidating assets to income and principal.

Section
164.875

Allocation of receipts from interest in minerals to income or to income and principal; allocation of receipts from interest in water to income or to income and principal; applicability.

Section
164.880

Allocation of net receipts from sale of timber and related products to income or principal, or both; applicability.

Section
164.885

Request of spouse if marital deduction is allowed and amounts transferred from principal to income and distributed are insufficient to obtain marital deduction; proceeds from sale or disposition of assets generally principal.

Section
164.890

Allocation of receipts from and disbursements made in connection with transactions in derivatives to principal; allocation of amount received for granting certain options to principal.

Section
164.895

Allocation from proceeds of collateral financial assets to income and principal; allocation of payments in exchange for interest in asset-backed security to principal or to principal and income.

Section
164.900

Disbursements required to be made from income; reduction of amount charged against income.

Section
164.905

Disbursements required to be made from principal.

Section
164.910

Transfer of net cash receipts from principal asset subject to depreciation to principal.

Section
164.915

Transfer of amount from income to principal to make certain principal disbursements.

Section
164.920

Payment of taxes required to be paid by trustee.

Section
164.925

Adjustments between principal and income to offset shifting economic interests or tax benefits between income beneficiaries and remainder beneficiaries; reimbursement of principal if estate taxes are increased and income taxes are decreased under certain circumstances.

Section
164.930

Enforceability of certain arbitration provisions; presumption in favor of binding arbitration; appointment of guardian ad litem; contents of arbitration provisions.

Section
164.940

Nonjudicial settlement agreements: Enforceability; when void; matters that may be resolved.

Section
164.942

Nonjudicial settlement agreements: When effective; providing objections; notice of proposed action; failure to object constitutes acceptance; petitioning court for approval.

Section
164.950

Distribution by trustee of community property in nontestamentary trust established by married settlors.

Section
164.960

Applicability of NRS 111.781 to transfers of property made pursuant to trust.