Nevada Guardianships; Conservatorships; Trusts

Sec. § 167.027
Transfer not authorized in will or trust; transfer by conservator.


1.

A personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to the provisions of this chapter, in the absence of a will or under a will or trust that does not contain an authorization to do so.

2.

A conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to the provisions of this chapter.

3.

A transfer made pursuant to this section may be made only if:

(a)

The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;

(b)

The transfer is not prohibited by or inconsistent with the provisions of the applicable will, trust agreement or other governing instrument; and

(c)

The transfer is authorized by the court if it exceeds $10,000 in value.
Source

Last accessed
Feb. 5, 2021