NRS 163.006
Creation: Beneficiary.

A trust is created only if there is a beneficiary. This requirement is satisfied if the trust instrument provides for:

1.

A beneficiary or class of beneficiaries that is ascertainable with reasonable certainty or that is sufficiently described so that it can be determined whether a person meets the description or is within the class;

2.

A grant of power to the trustee or some other person to select the beneficiary based on a standard or in the discretion of the trustee or other person;

3.

A charitable trust as defined in NRS 163.460;

4.

A trust for the care of one or more animals created pursuant to NRS 163.0075;

5.

A public benefit trust as defined in NRS 163.551; or

6.

A noncharitable trust without an ascertainable beneficiary pursuant to NRS 163.5505.

Source: Section 163.006 — Creation: Beneficiary., https://www.­leg.­state.­nv.­us/NRS/NRS-163.­html#NRS163Sec006.

Last Updated

Feb. 5, 2021

§ 163.006’s source at nv​.us