1. Except as otherwise provided by the terms of the trust instrument, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts if the combination or division does not:
(a) Impair the rights of any beneficiary;
(b) Substantially affect the accomplishment of the purposes of the trust or trusts; or
(c) Violate the rule against perpetuities applicable to the trust or trusts.
2. The combination or division of trusts must be made only after giving notice of the proposed action and following the procedure set forth in NRS 164.725. The notice of the proposed action must include a summary of the anticipated tax consequences, if any, of the proposed combination or division.
(Added to NRS by 2015, 3538)