Nev. Rev. Stat. ch. 166 – Spendthrift Trusts | Midpage

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Nevada Revised Statutes

Chapter 166

Nev. Rev. Stat. ch. 166

Spendthrift Trusts

166.010Short title 166.015Applicability of chapter; requirement of trustee if settlor is beneficiary of trust 166.016Definitions 166.018“Settlor” defined 166.020“Spendthrift trust” defined 166.025Terms: “Writing” or “written.”166.040Competency of settlor; writing required; circumstances when writing meets requirements for trust to be created for benefit of settlor; settlor’s ability to hold other powers 166.045Powers of settlor 166.050No specific language necessary for creation of trust 166.070Principles enumerated in NRS 166.080 to 166.150, inclusive 166.080Beneficiaries to be named 166.090Provision for support 166.100Income 166.110Discretion of trustee 166.120Restraints on alienation; exclusive jurisdiction of court 166.130Legal estate of beneficiary in corpus 166.140Perpetuities 166.150Accumulation of income 166.160Settlor may make different provisions 166.170Limitation of actions with respect to transfer of property to trust; certain transfers of property disregarded; limitation of actions against advisers to settlors or trustees and against trustees; transfers to trust 166.180Trust administered under laws of another state or foreign jurisdiction