NRS 166A.190
Custodial trustee for future payment or transfer.

1.

A person having the right to designate the recipient of property payable or transferable upon a future event may create a custodial trust upon the occurrence of the future event by designating in writing the recipient, followed in substance by: “as custodial trustee for _______________ (name of beneficiary) under the Nevada Uniform Custodial Trust Act.”

2.

Persons may be designated as substitute or successor custodial trustees to whom the property must be paid or transferred in the order named if the first designated custodial trustee is unable or unwilling to serve.

3.

A designation under this section may be made in a will, a trust, a deed, a multiple-party account, an insurance policy, an instrument exercising a power of appointment or a writing designating a beneficiary of contractual rights. Otherwise, to be effective, the designation must be registered with or delivered to the fiduciary, payor, issuer or obligor of the future right.

Source: Section 166A.190 — Custodial trustee for future payment or transfer., https://www.­leg.­state.­nv.­us/NRS/NRS-166A.­html#NRS166ASec190.

166A.010
Short title. 166A.020
Definitions. 166A.030
“Adult” defined. 166A.040
“Beneficiary” defined. 166A.050
“Conservator” defined. 166A.060
“Court” defined. 166A.070
“Custodial trust property” defined. 166A.080
“Custodial trustee” defined. 166A.090
“Guardian” defined. 166A.100
“Incapacitated” defined. 166A.110
“Legal representative” defined. 166A.120
“Member of the beneficiary’s family” defined. 166A.130
“Person” defined. 166A.140
“Personal representative” defined. 166A.150
“State” defined. 166A.160
“Transferor” defined. 166A.170
“Trust company” defined. 166A.180
Custodial trust 166A.190
Custodial trustee for future payment or transfer. 166A.200
Form and effect of receipt and acceptance by custodial trustee 166A.210
Transfer to custodial trustee by fiduciary or obligor 166A.220
Multiple beneficiaries 166A.230
General duties of custodial trustee. 166A.240
General powers of custodial trustee. 166A.250
Use of custodial trust property. 166A.260
Determination of incapacity 166A.270
Exemption of third person from liability. 166A.280
Liability to third person. 166A.290
Declination, resignation, incapacity, death or removal of custodial trustee 166A.300
Expenses, compensation and bond of custodial trustee. 166A.310
Reporting and accounting by custodial trustee 166A.320
Limitations of action against custodial trustee. 166A.330
Distribution on termination. 166A.340
Methods and forms for creating custodial trusts. 166A.350
Applicable law. 166A.360
Uniformity of application and construction.
Last Updated

Jun. 24, 2021

§ 166A.190’s source at nv​.us