NRS 163.5536
“Directing trust adviser” defined.

“Directing trust adviser” means a trust adviser, trust protector or other person designated in the trust instrument who has the authority to give directives that must be followed by the fiduciary. The term does not include a trust adviser, trust protector or other person who gives recommendations, counsel or advice that the fiduciary is not required to follow under the terms of the trust instrument.

Source: Section 163.5536 — “Directing trust adviser” defined., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5536.

163.553
Definitions. 163.554
“Fiduciary” defined. 163.555
Action authorized upon incapacity or death of settlor. 163.556
Circumstances under which trustee is authorized to appoint property of one testamentary trust or irrevocable trust to another trust. 163.5533
“Custodial account” defined. 163.5535
“Custodial account owner” defined. 163.5536
“Directing trust adviser” defined. 163.5537
“Distribution trust adviser” defined. 163.5539
“Excluded fiduciary” defined. 163.5541
“Instrument” defined. 163.5543
“Investment trust adviser” defined. 163.5545
“Trust adviser” defined. 163.5547
“Trust protector” defined. 163.5548
Circumstances under which fiduciary is “directed fiduciary.” 163.5549
Limitations on liability of directed fiduciary. 163.5551
Circumstances in which trust advisers are considered fiduciaries. 163.5553
Powers of trust protector. 163.5555
Trust protector and trust adviser: Submission to jurisdiction of courts of this State. 163.5557
Powers of investment trust adviser and distribution trust adviser. 163.5559
Claims of creditors against settlor.

Last Updated

Jun. 24, 2021

§ 163.5536’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_163.5536

Original Source: Section 163.5536 — “Directing trust adviser” defined., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5536 (last accessed Jun. 24, 2021).