Nevada Guardianships; Conservatorships; Trusts
Sec. § 166A.200
Form and effect of receipt and acceptance by custodial trustee; jurisdiction.


1.

Obligations of a custodial trustee, including, without limitation, the obligation to follow the directions of the beneficiary, arise under this chapter upon the custodial trustees acceptance, express or implied, of the custodial trust property.

2.

The custodial trustees acceptance may be evidenced by a writing stating in substance:
CUSTODIAL TRUSTEES RECEIPT AND ACCEPTANCE
I, ____________ (name of custodial trustee), acknowledge receipt of the custodial trust property described below or in the attached instrument and accept the custodial trust as custodial trustee for _________ (name of beneficiary) under the Nevada Uniform Custodial Trust Act. I undertake to administer and distribute the custodial trust property pursuant to the Nevada Uniform Custodial Trust Act. My obligations as custodial trustee are subject to the directions of the beneficiary unless the beneficiary is designated as, is or becomes incapacitated. The custodial trust property consists of _________________________.
Dated:______________________
(Signature of Custodial Trustee)

3.

Upon accepting custodial trust property, a person designated as custodial trustee under this chapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.
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Last accessed
Nov. 12, 2019