Nevada Guardianships; Conservatorships; Trusts

Sec. § 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.


1.

When a revocable trust becomes irrevocable because of the death of a settlor or by the express terms of the trust, the trustee may, after the trust becomes irrevocable, provide notice to any beneficiary of the irrevocable trust, any heir of the settlor or to any other interested person.

2.

The notice provided by the trustee must contain:

(a)

The identity of the settlor of the trust and the date of execution of the trust instrument;

(b)

The name, mailing address and telephone number of any trustee of the trust;

(c)

Any provision of the trust instrument which pertains to the beneficiary or notice that the heir or interested person is not a beneficiary under the trust;

(d)

Any information required to be included in the notice expressly provided by the trust instrument; and

(e)

A statement set forth in a separate paragraph, in 12-point boldface type or an equivalent type which states: “You may not bring an action to contest the trust more than 120 days from the date this notice is served upon you.”

3.

The trustee shall serve the notice pursuant to the provisions of NRS 155.010.

4.

No person upon whom notice is served pursuant to this section may bring an action to contest the validity of the trust more than 120 days from the date the notice is served upon the person, unless the person proves that he or she did not receive actual notice.
Source

Last accessed
Feb. 5, 2021