NRS 166A.210
Transfer to custodial trustee by fiduciary or obligor

  • facility of payment.

1.

Unless otherwise directed by an instrument designating a custodial trustee pursuant to NRS 166A.190, a person, including, without limitation, a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator may make a transfer to an adult member of the beneficiary’s family or to a trust company as custodial trustee for the use and benefit of the incapacitated individual. If the value of the property or the debt exceeds $20,000, the transfer is not effective unless authorized by the court.

2.

A written acknowledgment of delivery, signed by a custodial trustee, is a sufficient receipt and discharge for property transferred to the custodial trustee pursuant to this section.

Source: Section 166A.210 — Transfer to custodial trustee by fiduciary or obligor; facility of payment., https://www.­leg.­state.­nv.­us/NRS/NRS-166A.­html#NRS166ASec210.

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.210’s source at nv​.us