NRS 166A.330
Distribution on termination.


1.

Upon termination of a custodial trust, the custodial trustee shall transfer the unexpended custodial trust property:

(a)

To the beneficiary, if not incapacitated or deceased;

(b)

To the conservator or other recipient designated by the court for an incapacitated beneficiary; or

(c)

Upon the beneficiary’s death, in the following order:

(1)

As last directed in a writing signed by the deceased beneficiary while not incapacitated and received by the custodial trustee during the life of the deceased beneficiary;

(2)

To the survivor of multiple beneficiaries if survivorship is provided for pursuant to NRS 166A.220;

(3)

As designated in the instrument creating the custodial trust; or

(4)

To the estate of the deceased beneficiary.

2.

If, when the custodial trust would otherwise terminate, the distributee is incapacitated, the custodial trust continues for the use and benefit of the distributee as beneficiary until the incapacity is removed or the custodial trust is otherwise terminated.

3.

Death of a beneficiary does not terminate the power of the custodial trustee to discharge obligations of the custodial trustee or beneficiary incurred before the termination of the custodial trust.

Source: Section 166A.330 — Distribution on termination., https://www.­leg.­state.­nv.­us/NRS/NRS-166A.­html#NRS166ASec330.

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.330’s source at nv​.us