Nev. Rev. Stat. § 164.673 — NV Code / Title 13 / Chapter 164 / Section 164.673
Release or modification of restrictions on management, investment or purpose
Status: in_force

1. If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment or purpose of an institutional fund. A release or modification may not allow a fund to be used for a purpose other than a charitable purpose of the institution.

2. The court, upon application of an institution, may modify a restriction contained in a gift instrument regarding the management or investment of an institutional fund if the restriction has become impracticable or wasteful, if it impairs the management or investment of the fund or if, because of circumstances not anticipated by the donor, a modification of a restriction will further the purposes of the fund. The institution shall notify the Attorney General of the application, and the Attorney General must be given an opportunity to be heard. To the extent practicable, any modification must be made in accordance with the donor's probable intention.

3. If a particular charitable purpose or a restriction contained in a gift instrument on the use of an institutional fund becomes unlawful, impracticable, impossible to achieve or wasteful, the court, upon application of an institution, may modify the purpose of the fund or the restriction on the use of the fund in a manner consistent with the charitable purposes expressed in the gift instrument. The institution shall notify the Attorney General of the application, and the Attorney General must be given an opportunity to be heard.

4. If an institution determines that a restriction contained in a gift instrument on the management, investment or purpose of an institutional fund is unlawful, impracticable, impossible to achieve or wasteful, the institution, 60 days after notification to the Attorney General, may release or modify the restriction, in whole or part, if: (a) The institutional fund subject to the restriction has a total value of less than $25,000; (b) More than 20 years have elapsed since the fund was established; and (c) The institution uses the property in a manner consistent with the charitable purposes expressed in the gift instrument.
Nev. Rev. Stat. § 163.5559 — NV Code / Title 13 / Chapter 163 / Section 163.5559
Claims of creditors against settlor
Status: in_force

1. Except as otherwise provided in subsection 2, a creditor of a settlor may not seek to satisfy a claim against the settlor from the assets of a trust because of the existence of: (a) A discretionary power granted to a person other than the settlor by the terms of the trust or by operation of law or to reimburse the settlor for any tax on trust income or principal which is payable by the settlor under the law imposing such tax; (b) A power allowing the settlor to reacquire the trust corpus by substituting other property of an equivalent value; or (c) A power allowing the settlor to borrow trust corpus or income, directly or indirectly, without adequate interest or without adequate security.

2. The provisions of subsection 1 do not preclude a creditor from seeking to satisfy a claim against the settlor of a spendthrift trust from trust property transferred by the settlor to the extent the creditor can prove by clear and convincing evidence that the transfer was fraudulent as to that creditor pursuant to chapter 112 of NRS or violates a legal obligation owed to that creditor under a contract or a valid court order that is legally enforceable by that creditor.

3. For purposes of this section, a beneficiary of a trust shall be deemed to not be a settlor of a trust because of a lapse, waiver or release of the beneficiary's right to withdraw part or all of the trust property if the value of the property which could have been withdrawn by exercising the right of withdrawal in any calendar year does not, at the time of the lapse, waiver or release, exceed the greater of the amount provided in 26 U.S.C. § 2041(b)(2) , 26 U.S.C. § 2503(b) or 26 U.S.C. § 2514(e) , as amended, or any successor provision.
Nev. Rev. Stat. § 162A.290 — NV Code / Title 13 / Chapter 162A / Section 162A.290
Reimbursement of agent
Status: in_force

Unless the power of attorney otherwise provides, an agent is entitled to reimbursement of expenses reasonably incurred on behalf of the principal.
Nev. Rev. Stat. § 159.0523 — NV Code / Title 13 / Chapter 159 / Section 159.0523
Temporary guardian for proposed protected person who is unable to respond to substantial and immediate risk of physical harm or to need for immediate medical attention: Petition for appointment; conditions; required notice; extension; limited authority
Status: in_force

1. A petitioner may request the court to appoint a temporary guardian for a proposed protected person who is unable to respond to a substantial and immediate risk of physical harm or to a need for immediate medical attention. To support the request, the petitioner must set forth in a petition and present to the court under oath: (a) Documentation which shows the proposed protected person faces a substantial and immediate risk of physical harm or needs immediate medical attention and lacks capacity to respond to the risk of harm or obtain the necessary medical attention. Such documentation must include, without limitation, a certificate signed by a physician who is licensed to practice medicine in this State or who is employed by the Department of Veterans Affairs, a letter signed by any governmental agency in this State which conducts investigations or a police report indicating: (1) That the proposed protected person is unable to respond to a substantial and immediate risk of physical harm or to a need for immediate medical attention; (2) Whether the proposed protected person presents a danger to himself or herself or others; and (3) Whether the proposed protected person is or has been subjected to abuse, neglect, exploitation, isolation or abandonment; and (b) Facts which show that: (1) The petitioner has tried in good faith to notify the persons entitled to notice pursuant to NRS 159.047 by telephone or in writing before the filing of the petition; (2) The proposed protected person would be exposed to an immediate risk of physical harm if the petitioner were to provide notice to the persons entitled to notice pursuant to NRS 159.047 before the court determines whether to appoint a temporary guardian; or (3) Giving notice to the persons entitled to notice pursuant to NRS 159.047 is not feasible under the circumstances.

2. The court may appoint a temporary guardian to serve for 10 days if the court: (a) Finds reasonable cause to believe that the proposed protected person is unable to respond to a substantial and immediate risk of physical harm or to a need for immediate medical attention; and (b) Is satisfied that the petitioner has tried in good faith to notify the persons entitled to notice pursuant to NRS 159.047 or that giving notice to those persons is not feasible under the circumstances, or determines that such notice is not required pursuant to subparagraph (2) of paragraph (b) of subsection 1.

3. Except as otherwise provided in subsection 4, after the appointment of a temporary guardian, the petitioner shall attempt in good faith to notify the persons entitled to notice pursuant to NRS 159.047 , including, without limitation, notice of any hearing to extend the temporary guardianship. If the petitioner fails to make such an effort, the court may terminate the temporary guardianship.

4. If, before the appointment of a temporary guardian, the court determined that advance notice was not required pursuant to subparagraph (2) of paragraph (b) of subsection 1, the petitioner shall notify the persons entitled to notice pursuant to NRS 159.047 without undue delay, but not later than 48 hours after the appointment of the temporary guardian or not later than 48 hours after the petitioner discovers the existence, identity and location of the persons entitled to notice pursuant to that section. If the petitioner fails to provide such notice, the court may terminate the temporary guardianship.

5. Not later than 10 days after the date of the appointment of a temporary guardian pursuant to subsection 2, the court shall hold a hearing to determine the need to extend the temporary guardianship. Except as otherwise provided in subsection 7, the court may extend the temporary guardianship until a general or special guardian is appointed pursuant to subsection 8 if: (a) The court finds by clear and convincing evidence that the proposed protected person is unable to respond to a substantial and immediate risk of physical harm or to a need for immediate medical attention; and (b) The extension of the temporary guardianship is necessary and in the best interests of the proposed protected person.

6. If the court appoints a temporary guardian or extends the temporary guardianship pursuant to this section, the court shall limit the authority of the temporary guardian to that which is necessary to perform any actions required to ensure the health, safety or care of a proposed protected person, including, without limitation: (a) Responding to the substantial and immediate risk of physical harm or to a need for immediate medical attention; and (b) Applying for Medicaid or other appropriate assistance, coverage or support for the proposed protected person for the purpose of providing adequate care for and ensuring the appropriate placement of the proposed protected person.

7. The court may not extend a temporary guardianship pursuant to subsection 5 beyond the initial period of 10 days unless the petitioner demonstrates that: (a) The provisions of NRS 159.0475 have been satisfied; or (b) Notice by publication pursuant to the Nevada Rules of Civil Procedure is currently being undertaken.

8. The court may extend the temporary guardianship, for good cause shown, for not more than two successive 60-day periods, except that the court shall not cause the temporary guardianship to continue longer than 5 months unless extraordinary circumstances are shown.

9. If a court is making a determination regarding the extension of a temporary guardianship or the issuance of any ex parte or emergency order, the court may consider the actions taken by a temporary guardian to carry out any requested activities for the benefit of a proposed protected person during the temporary guardianship.
Nev. Rev. Stat. § 159A.076 — NV Code / Title 13 / Chapter 159A / Section 159A.076
Summary administration
Status: in_force

1. The court may grant a summary administration if, at any time, it appears to the court that after payment of all claims and expenses of the guardianship the value of the protected minor's property does not exceed $10,000.

2. If the court grants a summary administration, the court may: (a) Authorize the guardian of the estate who is authorized to manage the protected minor's property to convert the property to cash and sell any of the property, with or without notice, as the court may direct. After the payment of all claims and the expenses of the guardianship, the guardian shall deposit the money in savings accounts or invest the money as provided in NRS 159A.117 , and hold the investment and all interest, issues, dividends and profits for the benefit of the protected minor. The court may dispense with annual accountings and all other proceedings required by this chapter. (b) Terminate the guardianship of the estate and direct the guardian to deliver the protected minor's property to the custodial parent or parents, guardian or custodian of the protected minor to hold, invest or use as the court may order.

3. Whether the court grants a summary administration at the time the guardianship is established or at any other time, the guardian shall file an inventory and record of value with the court.

4. If, at any time, the net value of the estate of the protected minor exceeds $10,000: (a) The guardian shall file an amended inventory and accounting with the court; (b) The guardian shall file annual accountings; and (c) The court may require the guardian to post a bond.
Nev. Rev. Stat. § 162B.325 — NV Code / Title 13 / Chapter 162B / Section 162B.325
Appointment to deceased appointee or permissible appointee’s descendant
Status: in_force

1. Subject to NRS 133.200 , an appointment to a deceased appointee is ineffective.

2. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.
Nev. Rev. Stat. § 159.166 — NV Code / Title 13 / Chapter 159 / Section 159.166
Bond and actions required upon court order to enter into agreement
Status: in_force

1. If the court orders the guardian to enter into the agreement pursuant to NRS 159.1657 , the court shall order the guardian to provide an additional bond and specify the amount of the bond in the court order.

2. The guardian is not entitled to receive any of the proceeds from the agreement until the guardian provides the bond and the court approves the bond.

3. When the court order is entered, the guardian shall execute, acknowledge and deliver an agreement which: (a) Contains the conditions specified in the court order; (b) States that the agreement or option is approved by court order; and (c) Provides the date of the court order.
Nev. Rev. Stat. § 159A.134 — NV Code / Title 13 / Chapter 159A / Section 159A.134
Selling real property of protected minor
Status: in_force

1. All sales of real property of a protected minor must be confirmed by the court pursuant to NRS 159A.146 before escrow closes for the sale and title to the real property passes to the purchaser.

2. A petition for confirmation of the sale must be filed with the court not later than 30 days after the date of the sale, which is the date on which the contract for the sale was signed.

3. The court shall set the date of the hearing for confirmation of the sale and give notice of the hearing in the manner required pursuant to NRS 159A.115 or as the court may order.

4. An interested person may file written objections to the confirmation of the sale before the hearing for confirmation of the sale. If such objections are filed, the court shall conduct a hearing regarding those objections during which the interested person may offer witnesses in support of the objections. The court may, in its discretion, allow oral objections to the confirmation of the sale on the date of the hearing for confirmation of the sale.

5. Before the court confirms a sale, the court must find that notice of the sale was given in the manner required pursuant to NRS 159A.1425 and 159A.144 , unless the sale was exempt from notice pursuant to NRS 159A.123 .
Nev. Rev. Stat. § 159A.112 — NV Code / Title 13 / Chapter 159A / Section 159A.112
Authorized actions by guardian of the person if guardian of the estate has not been appointed; payment of excess money to appointed guardian of the estate; certain compensation authorized
Status: in_force

1. If a guardian of the estate has not been appointed, a guardian of the person may: (a) Institute proceedings to compel any person under a duty to support the protected minor or to pay for the welfare of the protected minor to perform that duty; and (b) Receive money and tangible property deliverable to the protected minor and apply such money and property for the support, care and education of the protected minor. The guardian shall not use any money from the estate of the protected minor to cover the cost of any room and board that the guardian or the spouse, parent or child of the guardian furnishes to the protected minor unless a charge for the service is approved by a court order, after notice to at least one adult relative in the nearest degree of consanguinity to the protected minor in which there is an adult. The guardian shall exercise care to conserve any excess money for the needs of the protected minor.

2. If a guardian of the estate has been appointed, any money received by the guardian of the person that is in excess of the money expended to pay for the support, care and education of the protected minor must be paid to the guardian of the estate for management of the estate. The guardian of the person shall account to the guardian of the estate for any money expended.

3. A guardian of the person of a protected minor for whom a guardian of the estate also has been appointed may receive reasonable sums for any room and board furnished to the protected minor if the guardian of the person presents a claim to the guardian of the estate pursuant to NRS 159A.107 and 159A.109 .

4. A guardian of the person may request the guardian of the estate to make a payment from the estate of the protected minor to another person or entity for the care and maintenance of the protected minor in accordance with NRS 159A.107 and 159A.109 .
Nev. Rev. Stat. § 159A.166 — NV Code / Title 13 / Chapter 159A / Section 159A.166
Bond and actions required upon court order to enter into agreement
Status: in_force

1. If the court orders the guardian to enter into the agreement pursuant to NRS 159A.1657 , the court shall order the guardian to provide an additional bond and specify the amount of the bond in the court order.

2. The guardian is not entitled to receive any of the proceeds from the agreement until the guardian provides the bond and the court approves the bond.

3. When the court order is entered, the guardian shall execute, acknowledge and deliver an agreement which: (a) Contains the conditions specified in the court order; (b) States that the agreement or option is approved by court order; and (c) Provides the date of the court order.
Nev. Rev. Stat. § 164.925 — NV Code / Title 13 / Chapter 164 / Section 164.925
Adjustments between principal and income to offset shifting economic interests or tax benefits between income beneficiaries and remainder beneficiaries; reimbursement of principal if estate taxes are increased and income taxes are decreased under certain circumstances
Status: in_force

1. A fiduciary may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries which arise from: (a) Elections and decisions, other than those described in subsection 2, that the fiduciary makes from time to time regarding tax matters; (b) An income tax or any other tax that is imposed upon the fiduciary or a beneficiary as a result of a transaction involving or a distribution from the estate or the trust; or (c) The ownership by an estate or trust of an interest in an entity whose taxable income, whether or not distributed, is includable in the taxable income of the estate, the trust or a beneficiary.

2. If the amount of an estate tax marital deduction or charitable contribution deduction is reduced because a fiduciary deducts an amount paid from principal for income tax purposes instead of deducting it for estate tax purposes, and as a result estate taxes paid from principal are increased and income taxes paid by an estate, trust or beneficiary are decreased, each estate, trust or beneficiary that benefits from the decrease in income tax shall reimburse the principal from which the increase in estate tax is paid. The total reimbursement must equal the increase in the estate tax to the extent that the principal used to pay the increase would have qualified for a marital deduction or charitable contribution deduction but for the payment. The proportionate share of the reimbursement for each estate, trust or beneficiary whose income taxes are reduced must be the same as its proportionate share of the total decrease in income tax. An estate or trust shall reimburse principal from income.
Nev. Rev. Stat. § 159.0475 — NV Code / Title 13 / Chapter 159 / Section 159.0475
Manner of serving citation
Status: in_force

1. A copy of the citation issued pursuant to NRS 159.047 , together with a copy of the petition filed under NRS 159.044 , must be served: (a) Except as otherwise ordered by the court, on a proposed protected person by personal service in the manner provided pursuant to the Nevada Rules of Civil Procedure at least 10 days before the date set for the hearing; and (b) On each person required to be served pursuant to NRS 159.047 other than a proposed protected person by: (1) Certified mail, with a return receipt requested, at least 20 days before the hearing; or (2) Personal service in the manner provided pursuant to the Nevada Rules of Civil Procedure at least 10 days before the date set for the hearing.

2. If none of the persons on whom the citation and petition is to be served can, after due diligence, be served by certified mail or personal service, as applicable, and this fact is proven by affidavit to the satisfaction of the court, service of the citation must be made by publication in the manner provided by the Nevada Rules of Civil Procedure. In all such cases, the citation must be published at least 20 days before the date set for the hearing.

3. A citation and petition need not be served on a person or an officer of the care provider who has signed the petition or a written waiver of service of the citation and petition or who makes a general appearance.

4. The court may find that notice is sufficient if: (a) The citation and petition have been served by personal service on the proposed protected person and an affidavit of such service has been filed with the court pursuant to subsection 3 of NRS 159.047 ; (b) The citation and petition have been served by certified mail, with a return receipt requested, or by personal service on the care provider or public guardian required to be served pursuant to NRS 159.047 ; and (c) At least one relative of the proposed protected person who is required to be served pursuant to NRS 159.047 has been served, as evidenced by the return receipt or the certificate of service. If the court finds that at least one relative of the proposed protected person has not received notice that is sufficient, the court will require the citation to be published pursuant to subsection 2.
Nev. Rev. Stat. § 162A.110 — NV Code / Title 13 / Chapter 162A / Section 162A.110
“Principal” defined
Status: in_force

“ Principal ” means an individual who grants authority to an agent in a power of attorney.
Nev. Rev. Stat. § 164.800 — NV Code / Title 13 / Chapter 164 / Section 164.800
Applicable rules after death of decedent or end of income interest in trust
Status: in_force

After a decedent dies, in the case of an estate, or after an income interest in a trust ends, the following rules apply:

1. A fiduciary of an estate or of a terminating income interest shall determine the amount of net income and net principal receipts received from property specifically given to a beneficiary under the rules in NRS 164.810 to 164.925 , inclusive, which apply to trustees and the rules in subsection 5. The fiduciary shall distribute the net income and net principal receipts to the beneficiary who is to receive the specific property.

2. A fiduciary shall determine the remaining net income of a decedent's estate or a terminating income interest under the rules in NRS 164.810 to 164.925 , inclusive, which apply to trustees and by: (a) Including in net income all income from property used to discharge liabilities; (b) Paying from income or principal, in his or her discretion, fees of attorneys, accountants and fiduciaries, court costs and other expenses of administration, and interest on death taxes, but the fiduciary may pay those expenses from income of property passing to a trust for which the fiduciary claims an estate tax marital or charitable deduction only to the extent that the payment of those expenses from income will not cause the reduction or loss of the deduction; and (c) Paying from principal all other disbursements made or incurred in connection with the settlement of a decedent's estate or the winding up of a terminating income interest, including debts, funeral expenses, disposition of remains, family allowances, and death taxes and related penalties that are apportioned to the estate or terminating income interest by the will, the terms of the trust, or applicable law.

3. A fiduciary shall distribute to a beneficiary who receives a pecuniary amount outright the interest or any other amount provided by the will, the terms of the trust, or applicable law from net income determined under subsection 2 or from principal to the extent that net income is insufficient. If a beneficiary is to receive a pecuniary amount outright from a trust after an income interest ends and no interest or other amount is provided for by the terms of the trust or applicable law, the fiduciary shall distribute the interest or other amount to which the beneficiary would be entitled under applicable law if the pecuniary amount were required to be paid under a will.

4. A fiduciary shall distribute the net income remaining after distributions required by subsection 3 in the manner described in NRS 164.805 to all other beneficiaries, including a beneficiary who receives a pecuniary amount in trust, even if he or she holds an unqualified power to withdraw assets from the trust or other presently exercisable general power of appointment over the trust.

5. A fiduciary may not reduce principal or income receipts from property described in subsection 1 because of a payment described in NRS 164.900 or 164.905 to the extent that the will, the terms of the trust, or applicable law requires the fiduciary to make the payment from assets other than the property or to the extent the fiduciary recovers or expects to recover the payment from a third party. The net income and principal receipts from the property are determined by including all the amounts the fiduciary receives or pays with respect to the property, whether those amounts accrued or became due before, on, or after the date of a decedent's death or an income interest's terminating event, and by making a reasonable provision for amounts that the fiduciary believes the estate or terminating income interest may become obligated to pay after the property is distributed.
Nev. Rev. Stat. § 166A.120 — NV Code / Title 13 / Chapter 166A / Section 166A.120
“Member of the beneficiary's family” defined
Status: in_force

“ Member of the beneficiary's family ” means a beneficiary's spouse, descendant, stepchild, parent, stepparent, grandparent, brother, sister, uncle or aunt, whether of the whole or half blood or by adoption.
Nev. Rev. Stat. § 163.040 — NV Code / Title 13 / Chapter 163 / Section 163.040
Corporate trustee may deposit with self certain money held in trust
Status: in_force

1. A corporate trustee which is subject to regulation and supervision by state or federal authorities may deposit with itself trust funds which are being held necessarily pending investment, distribution, or the payment of debts, provided it pays into the trust for the deposit such interest as it is required by statute to pay on uninvested trust funds, or, if there is no statute, the same rate of interest it pays upon similar nontrust deposits, and maintains in its trust department as security for those deposits a separate fund consisting of securities legal for trust investments and at all times equal in total market value to the amount of the deposits. No security may be required to the extent that the deposit is insured or given a preference by any state or federal law.

2. The separate fund of securities must be marked as such. Withdrawals from or additions to it may be made from time to time, as long as the required value is maintained. The income of the securities belongs to the corporate trustee. In all statements of its financial condition published, or delivered to the Commissioner of Financial Institutions, the corporate trustee shall show as separate items the amount of trust funds which it has deposited with itself and the amount of securities which it holds as security for the payment of those deposits.
Nev. Rev. Stat. § 163.540 — NV Code / Title 13 / Chapter 163 / Section 163.540
Amendment of trust instrument: Procedure
Status: in_force

1. A court of this state having jurisdiction over any trust to which NRS 163.420 to 163.550 , inclusive, apply may amend any trust instrument to conform to the provisions of NRS 163.420 to 163.550 , inclusive.

2. Any such amendment must be effected by the trustee filing a petition with the court. The clerk of the court shall set a date for the hearing of the petition, and the trustee shall cause notice of the hearing of the petition to be: (a) Personally served on the settlor or settlors of the trust, if living, and on all named beneficiaries of the trust, if any, for the period and in the manner provided in NRS 155.010 ; (b) Published on three dates of publication before the hearing, and if the newspaper is published more than once each week, there must be at least 10 days from the first to last date of publication, including both the first and the last days; and (c) Delivered, together with a copy of the petition, to the Attorney General of the State of Nevada at the time of the filing of the petition.

3. At the hearing of the petition, the court may authorize the trustee to amend, revise, delete or add provisions to the trust instrument to conform to NRS 163.420 to 163.550 , inclusive, to avoid the penalties and liabilities described in Sections 4941(a), 4942(a), 4943(a), 4944(a) and 4945(a), but if the settlor or settlors of the trust are living and competent to act, written consent of the settlor or settlors must first be obtained.
Nev. Rev. Stat. § 159A.045 — NV Code / Title 13 / Chapter 159A / Section 159A.045
Appointment of attorney to represent protected minor or proposed protected minor; duties; compensation
Status: in_force

1. On or after the date of the filing of a petition to appoint a guardian: (a) The court may appoint an attorney to represent the protected minor or proposed protected minor; and (b) The attorney must represent the protected minor or proposed protected minor until relieved of that duty by court order.

2. The attorney is entitled to reasonable compensation from the estate of the protected minor or proposed protected minor. If the court finds that a person has unnecessarily or unreasonably caused the appointment of an attorney, the court may order the person to pay to the estate of the protected minor or proposed protected minor all or part of the expenses associated with the appointment of the attorney.

3. An attorney who is appointed pursuant to subsection 1 may not serve as a guardian ad litem or an advocate for the best interests of a protected minor or proposed protected minor.
Nev. Rev. Stat. § 166.160 — NV Code / Title 13 / Chapter 166 / Section 166.160
Settlor may make different provisions
Status: in_force

The principles stated in NRS 166.080 to 166.150 , inclusive, shall not prevent the creator of any spendthrift trust, by will or other writing, from making other or different provisions provided he or she uses express, specific language to that end.
Nev. Rev. Stat. § 166A.320 — NV Code / Title 13 / Chapter 166A / Section 166A.320
Limitations of action against custodial trustee
Status: in_force

1. Except as otherwise provided in subsection 3, unless previously barred by adjudication, consent or limitation, a claim for relief against a custodial trustee for accounting or breach of duty is barred as to a beneficiary, a person to whom custodial trust property is to be paid or delivered or the legal representative of an incapacitated or deceased beneficiary or payee: (a) Who has received a final account or statement fully disclosing the matter unless an action or proceeding to assert the claim is commenced within 2 years after receipt of the final account or statement; or (b) Who has not received a final account or statement fully disclosing the matter unless an action or proceeding to assert the claim is commenced within 3 years after the termination of the custodial trust.

2. Except as otherwise provided in subsection 3, a claim for relief to recover from a custodial trustee for fraud, misrepresentation or concealment related to the final settlement of the custodial trust or concealment of the existence of the custodial trust is barred unless an action or proceeding to assert the claim is commenced within 5 years after the termination of the custodial trust.

3. A claim for relief is not barred by this section if the claimant: (a) Is a minor, until the earlier of 2 years after the claimant becomes an adult or dies; (b) Is an incapacitated adult, until the earliest of 2 years after: (1) The appointment of a conservator; (2) The removal of the incapacity; or (3) The death of the claimant; or (c) Was an adult, now deceased, who was not incapacitated, until 2 years after the claimant's death.
Nev. Rev. Stat. § 159.069 — NV Code / Title 13 / Chapter 159 / Section 159.069
Bond: Filing; remedy for breach
Status: in_force

Every bond given by a guardian shall be filed and preserved in the office of the clerk of the district court of the county in which the guardianship proceeding is conducted. In case of the breach of any condition of such bond, an action may be maintained in behalf of the protected person or protected persons jointly if all are interested, or of any person interested in the estate, and such bond shall not be void on the first recovery. If the action on the bond is in behalf of one protected person on a bond given to more than one protected person, the other protected persons mentioned in the bond need not be united in or made parties to such action. As used in this section, “ protected person ” includes a protected minor.
Nev. Rev. Stat. § 159.341 — NV Code / Title 13 / Chapter 159 / Section 159.341
State Guardianship Compliance Office: Creation; State Guardianship Compliance Officer
Status: in_force

1. The State Guardianship Compliance Office is hereby created.

2. The State Guardianship Compliance Officer is: (a) Appointed by the Supreme Court and serves at the pleasure of the Court; and (b) Entitled to receive an annual salary set by the Supreme Court within the limits of legislative appropriations.

3. The State Guardianship Compliance Officer may hire two accountants and two investigators to provide auditing and investigative services to the district courts during the administration of guardianship proceedings pursuant to chapters 159 and 159A of NRS.

4. The State Guardianship Compliance Officer shall not act as a guardian for any protected person or protected minor.
Nev. Rev. Stat. § 159A.0617 — NV Code / Title 13 / Chapter 159A / Section 159A.0617
Court or master of court or special master authorized to allow certain persons to testify at hearing to determine person most qualified and suitable to serve as guardian
Status: in_force

If the court or a master of the court or special master appointed pursuant to NRS 159A.0615 finds that a parent or other relative, teacher, friend or neighbor of a proposed protected minor or any other interested person:

1. Has a personal interest in the well-being of the proposed protected minor; or

2. Possesses information that is relevant to the determination of who should serve as guardian for the proposed protected minor,

the court or a master of the court or special master appointed pursuant to NRS 159A.0615 may allow the person to testify at any hearing held pursuant to this chapter to determine the person most qualified and suitable to serve as guardian for the proposed protected minor.
Nev. Rev. Stat. § 162B.510 — NV Code / Title 13 / Chapter 162B / Section 162B.510
Certain property exempt from creditor claims
Status: in_force

1. Appointive property subject to a general power of appointment created by a person other than the powerholder is not subject to a claim of any creditor, unless the power of appointment was actually exercised in favor of the decedent or the decedent's estate pursuant to subparagraph (1) of paragraph (a) of subsection 12 of NRS 111.779 .

2. Subject to subsection 3 of NRS 162B.530 , a power of appointment created by a person other than the powerholder which is subject to an ascertainable standard relating to an individual's health, education, support or maintenance within the meaning of 26 U.S.C. § 2041(b)(1)(A) or 26 U.S.C. § 2514(c)(1) , as those provisions existed on October 1, 2017, is treated for purposes of NRS 162B.500 to 162B.530 , inclusive, as a nongeneral power.
Nev. Rev. Stat. § 162A.590 — NV Code / Title 13 / Chapter 162A / Section 162A.590
Retirement plans
Status: in_force

1. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to: (a) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan; (b) Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another; (c) Establish a retirement plan in the principal's name and name one or more beneficiaries in accordance with the principal's established estate plan and any restrictions to designate beneficiaries contained within the power of attorney; (d) Make contributions to a retirement plan; (e) Exercise investment powers available under a retirement plan; and (f) Borrow from, sell assets to or purchase assets from a retirement plan.

2. As used in this section, “ retirement plan ” means a plan or account created by an employer, the principal or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary or owner, including a plan or account under the following sections of the Internal Revenue Code: (a) An individual retirement account under section 408 of the Internal Revenue Code , 26 U.S.C. § 408 , as amended; (b) A Roth individual retirement account under section 408A of the Internal Revenue Code , 26 U.S.C. § 408A , as amended; (c) A deemed individual retirement account under section 408(q) of the Internal Revenue Code , 26 U.S.C. § 408(q) , as amended; (d) An annuity or mutual fund custodial account under section 403(b) of the Internal Revenue Code , 26 U.S.C. § 403(b) , as amended; (e) A pension, profit-sharing, stock bonus or other retirement plan qualified under section 401(a) of the Internal Revenue Code , 26 U.S.C. § 401(a) , as amended; (f) A plan under section 457(b) of the Internal Revenue Code , 26 U.S.C. § 457(b) , as amended; and (g) A nonqualified deferred compensation plan under section 409A of the Internal Revenue Code , 26 U.S.C. § 409A , as amended.
Nev. Rev. Stat. § 163.4165 — NV Code / Title 13 / Chapter 163 / Section 163.4165
“Reserved power” defined
Status: reserved

“ Reserved power ” means a power concerning a trust held by the settlor.
Nev. Rev. Stat. § 163.003 — NV Code / Title 13 / Chapter 163 / Section 163.003
Creation: Requirements
Status: in_force

A trust is created only if:

1. The settlor properly manifests an intention to create a trust; and

2. There is trust property, except as otherwise provided in NRS 163.230 .
Nev. Rev. Stat. § 164.440 — NV Code / Title 13 / Chapter 164 / Section 164.440
Failure to demand certification not improper act; liability
Status: in_force

A person's failure to demand a certification of trust may not be considered to be an improper act by the person and no inference as to whether the person has acted in good faith may be drawn from the failure to demand a certification of trust. This section creates no implication that a person is liable for acting in reliance upon a certification of trust under circumstances where the requirements of NRS 164.400 to 164.430 , inclusive, are not satisfied.
Nev. Rev. Stat. § 159A.169 — NV Code / Title 13 / Chapter 159A / Section 159A.169
Advice, instructions and approval of acts of guardian
Status: in_force

1. A guardian of the estate may petition the court for advice and instructions in any matter concerning: (a) The administration of the protected minor's estate; (b) The priority of paying claims; (c) The propriety of making any proposed disbursement of funds; (d) Exercising for or on behalf of the protected minor: (1) Any options or other rights under any policy of insurance or annuity; and (2) The right to take under a will, trust or other devise; (e) The propriety of exercising any right exercisable by owners of property; and (f) Matters of a similar nature.

2. Any act done by a guardian of the estate after securing court approval or instructions with reference to the matters set forth in subsection 1 is binding upon the protected minor or those claiming through the protected minor, and the guardian is not personally liable for performing any such act.

3. If any interested person may be adversely affected by the proposed act of the guardian, the court shall direct the issuance of a citation to that interested person, to be served upon the person at least 20 days before the hearing on the petition. The citation must be served in the same manner that summons is served in a civil action and must direct the interested person to appear and show cause why the proposed act of the guardian should not be authorized or approved. All interested persons so served are bound by the order of the court which is final and conclusive, subject to any right of appeal.
Nev. Rev. Stat. § 159.0235 — NV Code / Title 13 / Chapter 159 / Section 159.0235
“Person of natural affection” defined
Status: in_force

“ Person of natural affection ” means a person who is not a family member of a protected person but who shares a relationship with the protected person that is similar to the relationship between family members.
Nev. Rev. Stat. § 162.160 — NV Code / Title 13 / Chapter 162 / Section 162.160
Definitions
Status: in_force

As used in NRS 162.150 to 162.250 , inclusive, unless the context otherwise requires:

1. “Assignment” includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.

2. “Claim of beneficial interest” includes a claim of any interest by a decedent's legatee, distributee, heir or creditor, a beneficiary under a trust, a protected person, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his or her behalf, and includes a claim that the transfer would be in breach of fiduciary duties.

3. “Corporation” means a private or public corporation, association or trust issuing a security.

4. “Fiduciary” means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee.

5. “Person” includes a government, a governmental agency and a political subdivision of a government.

6. “Security” includes any share of stock, bond, debenture, note or other security issued by a corporation which is registered as to ownership on the books of the corporation.

7. “Transfer” means a change on the books of a corporation in the registered ownership of a security.

8. “Transfer agent” means a person employed or authorized by a corporation to transfer securities issued by the corporation.
Nev. Rev. Stat. § 162.260 — NV Code / Title 13 / Chapter 162 / Section 162.260
Succession to powers and duties of original fiduciary
Status: in_force

A successor or substitute fiduciary succeeds to all the powers and duties which the will, deed or other instrument conferred on the original fiduciary with respect to the estate or trust unless the instrument expressly prohibits a successor or substitute from succeeding to those powers and duties.
Nev. Rev. Stat. § 162A.250 — NV Code / Title 13 / Chapter 162A / Section 162A.250
Nomination of guardian of estate; relation of agent to court-appointed guardian
Status: in_force

1. In a power of attorney, a principal may nominate a guardian of the principal's estate for consideration by the court if guardianship proceedings for the principal's estate or person are begun after the principal executes the power of attorney.

2. If, after a principal properly executes a nondurable power of attorney pursuant to NRS 162A.220 , a court appoints a guardian of the principal's estate, the nondurable power of attorney is terminated.

3. If, after a principal properly executes a durable power of attorney pursuant to NRS 162A.220 , a court appoints a guardian of the principal's estate, the durable power of attorney is suspended and the agent's authority is not exercisable unless the court orders the termination of the guardianship, and the power of attorney has not otherwise been terminated pursuant to NRS 162A.270 . Upon the court ordering such a termination of the guardianship, the durable power of attorney is effective and no longer suspended pursuant to this subsection and the agent's authority is exercisable.

4. Except as otherwise provided in subsection 3, the court may issue an order allowing the agent to retain specific powers conferred by the power of attorney. In the event the court allows the agent to retain specific powers, the agent shall file an accounting with the court and the guardian on a quarterly basis or such other period as the court may designate.
Nev. Rev. Stat. § 163.005 — NV Code / Title 13 / Chapter 163 / Section 163.005
Creation: Consideration
Status: in_force

Consideration is not required to create a trust, but a promise to create a trust in the future is enforceable only if it meets the requirements for enforcement as a contract.
Nev. Rev. Stat. § 164.715 — NV Code / Title 13 / Chapter 164 / Section 164.715
Acting in interest of beneficiaries
Status: in_force

A trustee shall invest and manage the trust property solely in the interest of the beneficiaries.
Nev. Rev. Stat. § 163.007 — NV Code / Title 13 / Chapter 163 / Section 163.007
Validity of trust providing for one or more successor beneficiaries
Status: in_force

If a trust provides for one or more successor beneficiaries after the death of the settlor, the trust is not invalidated, merged or terminated because:

1. There is one settlor who is the sole trustee and the sole beneficiary during the lifetime of the settlor; or

2. There are two or more settlors, one or more of whom are trustees, and the beneficial interest in the trust is in one or more of the settlors during the lifetime of the settlors.
Nev. Rev. Stat. § 159.176 — NV Code / Title 13 / Chapter 159 / Section 159.176
Review of guardianship by court
Status: in_force

Every guardianship established pursuant to this chapter must be reviewed by the court annually.
Nev. Rev. Stat. § 159.1873 — NV Code / Title 13 / Chapter 159 / Section 159.1873
Petition tendering resignation
Status: in_force

1. A guardian of the person, of the estate, or of the person and the estate, may file with the court a petition tendering the resignation of the guardian.

2. If the guardian files a petition to resign, the court shall serve notice upon any person entitled to notice pursuant to NRS 159.047 .
Nev. Rev. Stat. § 163.600 — NV Code / Title 13 / Chapter 163 / Section 163.600
Appointment of successor trustee under certain circumstances
Status: in_force

1. If a trust has no serving trustee because of the death, incapacity or resignation of the last serving trustee of the trust, and if the provisions of the trust instrument do not include any provisions which can be effectively used to appoint a successor trustee, then the current beneficiaries of the trust, by unanimous vote, may name and appoint a successor trustee of the trust without the approval of the court so long as the successor trustee of the trust is not a person described in NRS 138.020 and is not a “related or subordinate person” with respect to the settlor of the trust or any beneficiary thereof within the meaning of section 672(c) of the Internal Revenue Code , 26 U.S.C. § 672(c) , as amended.

2. If a current beneficiary is a minor, the minor's guardian or guardian ad litem may vote on the minor's behalf.

3. NRS 164.038 shall apply with respect to the appointment of a trustee under this section.

4. For the purposes of this section, the person entitled to vote with respect to a beneficiary which is another trust, which has a serving trustee, is the trustee or trustees of such trust.
Nev. Rev. Stat. § 167.040 — NV Code / Title 13 / Chapter 167 / Section 167.040
Effect of transfer
Status: in_force

1. A transfer made in a manner prescribed in this chapter is irrevocable and conveys to the minor indefeasibly vested legal title to the custodial property, but the custodian has any right, power, duty or authority provided in this chapter and neither the minor nor the minor's legal representative has any right, power, duty or authority with respect to the custodial property except as provided in this chapter.

2. By making a transfer in a manner prescribed in this chapter, the transferor incorporates in his or her disposition all the provisions of this chapter and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights and immunities provided in this chapter.
Nev. Rev. Stat. § 165.170 — NV Code / Title 13 / Chapter 165 / Section 165.170
Power of beneficiary
Status: in_force

Any beneficiary, if of full age and sound mind, may, if acting upon full information, by written instrument delivered to the trustee, excuse the trustee as to such beneficiary from performing any of the duties imposed on the trustee by this chapter or exempt the trustee from liability to such beneficiary for failure to perform any of the duties imposed upon the trustee by the terms of this chapter.
Nev. Rev. Stat. § 162C.050 — NV Code / Title 13 / Chapter 162C / Section 162C.050
“Person” defined
Status: in_force

“ Person ” means a natural person, health care facility, provider of health care, corporation, partnership, limited-liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality, or any other legal or commercial entity.
Nev. Rev. Stat. § 162A.075 — NV Code / Title 13 / Chapter 162A / Section 162A.075
“Nondurable” defined
Status: in_force

“ Nondurable ,” with respect to a power of attorney, means terminated by the principal's incapacity.
Nev. Rev. Stat. § 159.0617 — NV Code / Title 13 / Chapter 159 / Section 159.0617
Court or master of court or special master authorized to allow certain persons to testify at hearing to determine person most qualified and suitable to serve as guardian
Status: in_force

If the court or a master of the court or special master appointed pursuant to NRS 159.0615 finds that a parent or other relative, teacher, friend or neighbor of a proposed protected person or any other interested person:

1. Has a personal interest in the well-being of the proposed protected person; or

2. Possesses information that is relevant to the determination of who should serve as guardian for the proposed protected person,

the court or a master of the court or special master appointed pursuant to NRS 159.0615 may allow the person to testify at any hearing held pursuant to this chapter to determine the person most qualified and suitable to serve as guardian for the proposed protected person.
Nev. Rev. Stat. § 164.033 — NV Code / Title 13 / Chapter 164 / Section 164.033
Petition concerning conveyance, transfer or delivery of property of trust; notice of hearing; order; appeal
Status: in_force

1. The trustee or an interested person may petition the court to enter an order: (a) If the trustee is in possession of, or holds title to, property and the property or an interest in it is claimed by another. (b) If the trustee has a claim to property and another holds title to or is in possession of the property. (c) If property of the trust is subject to a claim of a creditor of the settlor of the trust.

2. The court shall not grant a petition under this section if it determines that the matter should be determined by civil action.

3. The petition must state facts showing that it is authorized under this section, the grounds of the petition, and the name and address of each person entitled to notice of the petition.

4. Upon the filing of the petition, the clerk shall set it for hearing and the petitioner shall give notice of the hearing, at least 30 days before the time set, to: (a) All interested persons, including the Attorney General if the petition relates to a charitable trust, in the manner provided in NRS 155.010 . (b) Each person claiming an interest in, or having title to or possession of the property, and any other person whose right, title or interest in or to the property would be affected by the granting of the petition, in the manner provided in NRS 155.040 . (c) Any other person, and in the manner, directed by the court.

5. Except as otherwise provided in subsection 2, if the court is satisfied that a conveyance, transfer, delivery or other disposition should be made, the court shall enter an order directing the trustee or other person having title to or possession of the property to convey, transfer or deliver it to the person entitled thereto or granting other appropriate relief.

6. Any person aggrieved by an order entered pursuant to this section may appeal to the appellate court of competent jurisdiction pursuant to the rules fixed by the Supreme Court pursuant to Section 4 of Article 6 of the Nevada Constitution within 30 days after the notice of the entry of the order by filing a notice of appeal with the clerk of the district court. The appellant shall mail a copy of the notice to each person who has appeared of record.
Nev. Rev. Stat. § 164.650 — NV Code / Title 13 / Chapter 164 / Section 164.650
“Gift instrument” defined
Status: in_force

“ Gift instrument ” means a record or records, including, without limitation, an institutional solicitation, under which property is granted to, transferred to or held by an institution as an institutional fund.
Nev. Rev. Stat. § 166A.060 — NV Code / Title 13 / Chapter 166A / Section 166A.060
“Court” defined
Status: in_force

“ Court ” means a district court of this State.
Nev. Rev. Stat. § 166.045 — NV Code / Title 13 / Chapter 166 / Section 166.045
Powers of settlor
Status: in_force

The settlor of a spendthrift trust has only those powers and rights that are conferred to the settlor by the trust instrument. An agreement or understanding, express or implied, between the settlor and the trustee that attempts to grant or permit the retention of greater rights or authority than is stated in the trust instrument is void.
Nev. Rev. Stat. § 166A.080 — NV Code / Title 13 / Chapter 166A / Section 166A.080
“Custodial trustee” defined
Status: in_force

“ Custodial trustee ” means a person designated as trustee of a custodial trust under this chapter or a substitute or successor to the person designated.
Nev. Rev. Stat. § 162B.610 — NV Code / Title 13 / Chapter 162B / Section 162B.610
Relation to Electronic Signatures in Global and National Commerce Act
Status: in_force

This chapter modifies, limits or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001 et seq., but does not modify, limit or supersede Section 101(c) of that act, 15 U.S.C. § 7001(c) or authorize electronic delivery of any of the notices described in Section 103(b) of that act, 15 U.S.C. § 7003(b) .
Nev. Rev. Stat. § 164.850 — NV Code / Title 13 / Chapter 164 / Section 164.850
Allocation of interest on obligation to pay money to trustee to income; allocation of amount received from disposition of certain obligations to principal; applicability of provisions
Status: in_force

1. An amount received as interest, whether determined at a fixed, variable or floating rate, on an obligation to pay money to the trustee, including an amount received as consideration for prepaying principal, must be allocated to income without any provision for amortization of premium.

2. A trustee shall allocate to principal an amount received from the sale, redemption or other disposition of an obligation to pay money to the trustee more than 1 year after it is purchased or acquired by the trustee, including an obligation whose purchase price or value when it is acquired is less than its value at maturity. If the obligation matures within 1 year after it is purchased or acquired by the trustee, an amount received in excess of its purchase price or its value when acquired by the trust must be allocated to income.

3. This section does not apply to an obligation to which NRS 164.865 , 164.870 , 164.875 , 164.880 , 164.890 or 164.895 applies.
Nev. Rev. Stat. § 163.570 — NV Code / Title 13 / Chapter 163 / Section 163.570
Powers of trustee concerning gifts made by surviving spouse of decedent
Status: in_force

A trustee may:

1. Join with a decedent's surviving spouse or the personal representative of the decedent's estate in the execution and filing of a joint income tax return for any period before the decedent's death for which the decedent had not filed an income tax or gift tax return on gifts made by the spouse;

2. Consent to treat such gifts as having been made one-half by the decedent for any period before the decedent’s death; and

3. Pay such taxes thereon as are chargeable to the decedent.
Nev. Rev. Stat. § 159.0805 — NV Code / Title 13 / Chapter 159 / Section 159.0805
Approval of court required before guardian may consent to certain treatment of or experiment on protected person; conditions for approval
Status: in_force

1. Except as otherwise provided in subsection 2, a guardian shall not consent to: (a) The experimental medical, biomedical or behavioral treatment of a protected person; or (b) The participation of a protected person in any biomedical or behavioral experiment.

2. The guardian may consent to and commence any treatment or experiment described in subsection 1 if the guardian applies to and obtains from the court authority to consent to and commence the treatment or experiment.

3. The court may authorize the guardian to consent to and commence any treatment or experiment described in subsection 1 only if the treatment or experiment: (a) Is of direct benefit to, and intended to preserve the life of or prevent serious impairment to the mental or physical health of, the protected person; or (b) Is intended to assist the protected person to develop or regain the abilities of the protected person.
Nev. Rev. Stat. § 159A.1657 — NV Code / Title 13 / Chapter 159A / Section 159A.1657
Hearing on petition; court order; recording of court order
Status: in_force

1. At the time appointed and if the court finds that due notice of the hearing concerning an agreement has been given, the court shall hear a petition filed pursuant to NRS 159A.1653 and any objection to the petition that is filed or presented.

2. After the hearing, if the court is satisfied that the agreement will be to the advantage of the estate of the protected minor, the court: (a) Shall order the guardian to enter into the agreement; and (b) May prescribe in the order the terms and conditions of the agreement.

3. A certified copy of the court order must be recorded in the office of the county recorder of each county in which the property affected by the agreement, or any portion of the property, is located.
Nev. Rev. Stat. § 162C.070 — NV Code / Title 13 / Chapter 162C / Section 162C.070
“Support services” defined
Status: in_force

“ Support services ” means a coordinated system of social and other services that are supplied by private, state as defined in NRS 162A.150 , institutional or community providers and are designed to help maintain the independence of an adult, including, without limitation:

1. Homemaker services, such as house repair, cleaning, laundry, shopping and providing meals.

2. Companion services, such as transportation and the facilitation of written, oral and electronic communication.

3. Medical services.

4. Visiting nurse and attendant care.

5. Physical and psychosocial assessments.

6. Financial assessments and advisement relating to banking, taxes, loans, investments or the management of real property.

7. Legal assessments and advisement.

8. Educational services, including, without limitation, educational assessments and advisement.

9. Personal care services, including, without limitation, assistance with daily activities such as bathing, dressing and eating.

10. Care planning.

11. Residential, employment or day program services and supports, including, without limitation, training or career planning.

12. Other services necessary to maintain the independence of an adult.
Nev. Rev. Stat. § 162A.160 — NV Code / Title 13 / Chapter 162A / Section 162A.160
“Stocks and bonds” defined
Status: in_force

“ Stocks and bonds ” means stocks, bonds, mutual funds, and all other types of securities and financial instruments, whether held directly or indirectly, or in any other manner. The term does not include commodity futures contracts and call or put options on stocks or stock indexes.
Nev. Rev. Stat. § 164.400 — NV Code / Title 13 / Chapter 164 / Section 164.400
Presentation; effect; form
Status: in_force

1. Except in connection with an application for benefits pursuant to chapter 422 or 422A of NRS, a trustee may present a certification of trust to any person, in lieu of a copy of any trust instrument, to establish the existence or terms of the trust. The trustee may present the certification voluntarily or at the request of the person with whom the trustee is dealing.

2. Such a certification must be in the form of an affidavit signed and acknowledged by all of the currently acting trustees of the trust.
Nev. Rev. Stat. § 166A.200 — NV Code / Title 13 / Chapter 166A / Section 166A.200
Form and effect of receipt and acceptance by custodial trustee; jurisdiction
Status: in_force

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 trustee's acceptance, express or implied, of the custodial trust property.

2. The custodial trustee's acceptance may be evidenced by a writing stating in substance: CUSTODIAL TRUSTEE'S 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.
Nev. Rev. Stat. § 159A.1853 — NV Code / Title 13 / Chapter 159A / Section 159A.1853
Petition for removal
Status: in_force

1. The following persons may petition the court to have a guardian removed: (a) The protected minor; (b) Any relative who is within the second degree of consanguinity to the protected minor; (c) A public guardian; or (d) Any other interested person.

2. The petition must: (a) State with particularity the reasons for removing the guardian; and (b) Show cause for the removal.

3. If the court denies the petition for removal, the petitioner shall not file a subsequent petition unless a material change of circumstances warrants a subsequent petition.

4. If the court finds that the petitioner did not file a petition for removal in good faith or in furtherance of the best interests of the protected minor, the court may: (a) Disallow the petitioner from petitioning the court for attorney's fees from the estate of the protected minor; and (b) Impose sanctions on the petitioner in an amount sufficient to reimburse the estate of the protected minor for all or part of the expenses incurred by the estate of the protected minor in responding to the petition and for any other pecuniary losses which are associated with the petition.
Nev. Rev. Stat. § 159A.0255 — NV Code / Title 13 / Chapter 159A / Section 159A.0255
“Secured residential long-term care facility” defined
Status: in_force

“Secured residential long-term care facility” has the meaning ascribed to it in NRS 159.0255 .
Nev. Rev. Stat. § 162A.733 — NV Code / Title 13 / Chapter 162A / Section 162A.733
“Guardian” defined
Status: in_force

“ Guardian ” means a person appointed under other law by a court to make decisions regarding the personal affairs of an individual, including, without limitation, health care decisions. The term does not include a guardian ad litem.
Nev. Rev. Stat. § 159A.085 — NV Code / Title 13 / Chapter 159A / Section 159A.085
Inventory, supplemental inventory and appraisal of property of protected minor
Status: in_force

1. Not later than 60 days after the date of the appointment of a guardian of the estate or, if necessary, such further time as the court may allow, the guardian shall make and file in the guardianship proceeding a verified inventory of all of the property of the protected minor which comes to the possession or knowledge of the guardian, including, without limitation, the existence of any trust of which the protected minor is currently a beneficiary who is receiving or is entitled to receive distributions.

2. A temporary guardian of the estate shall file an inventory with the court by not later than the date on which the temporary guardian files a final accounting as required pursuant to NRS 159A.177 .

3. The guardian shall take and subscribe an oath, which must be endorsed or attached to the inventory, before any person authorized to administer oaths, that the inventory contains a true statement of: (a) All of the estate of the protected minor which has come into the possession of the guardian; (b) All of the money that belongs to the protected minor; and (c) All of the just claims of the protected minor against the guardian.

4. A copy of the inventory filed with the court and a notice of the filing must be served on the protected minor, his or her attorney and any guardian ad litem representing the protected minor.

5. Whenever any property of the protected minor not mentioned in the inventory comes to the possession or knowledge of a guardian of the estate, the guardian shall: (a) Make and file in the proceeding a verified supplemental inventory not later than 30 days after the date the property comes to the possession or knowledge of the guardian; or (b) Include the property in the next accounting.

6. The court may order which of the two methods described in subsection 5 the guardian shall follow.

7. The court may order all or any part of the property of the protected minor appraised as provided in NRS 159A.0865 and 159A.305 .

8. If the guardian neglects or refuses to file the inventory within the time required pursuant to subsection 1, the court may, for good cause shown and upon such notice as the court deems appropriate: (a) Revoke the letters of guardianship and the guardian is liable on the bond for any loss or injury to the estate caused by the neglect of the guardian; or (b) Enter a judgment for any loss or injury to the estate caused by the neglect of the guardian.
Nev. Rev. Stat. § 164.960 — NV Code / Title 13 / Chapter 164 / Section 164.960
Applicability of NRS 111.781 to transfers of property made pursuant to trust
Status: in_force

The provisions of NRS 111.781 concerning the revocation of certain transfers based upon divorce or annulment apply to transfers of property made pursuant to a trust.
Nev. Rev. Stat. § 164.665 — NV Code / Title 13 / Chapter 164 / Section 164.665
Standard of conduct in managing and investing institutional fund
Status: in_force

1. Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund.

2. In addition to complying with the duty of loyalty imposed by law other than NRS 164.640 to 164.680 , inclusive, each person responsible for managing and investing an institutional fund shall manage and invest the fund in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

3. In managing and investing an institutional fund, an institution: (a) May incur only costs that are appropriate and reasonable in relation to the assets, the purposes of the institution and the skills available to the institution; and (b) Shall make a reasonable effort to verify facts relevant to the management and investment of the fund.

4. An institution may pool two or more institutional funds for purposes of management and investment.

5. Except as otherwise provided by a gift instrument, the following rules apply: (a) In managing and investing an institutional fund, the following factors, if relevant, must be considered: (1) General economic conditions; (2) The possible effect of inflation or deflation; (3) The expected tax consequences, if any, of investment decisions or strategies; (4) The role that each investment or course of action plays within the overall investment portfolio of the fund; (5) The expected total return from income and the appreciation of investments; (6) Other resources of the institution; (7) The needs of the institution and the fund to make distributions and to preserve capital; and (8) An asset's special relationship or special value, if any, to the charitable purposes of the institution. (b) Management and investment decisions about an individual asset must be made not in isolation but rather in the context of the institutional fund's portfolio of investments as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the fund and to the institution. (c) Except as otherwise provided by law other than NRS 164.640 to 164.680 , inclusive, an institution may invest in any kind of property or type of investment consistent with this section. (d) An institution shall diversify the investments of an institutional fund unless the institution reasonably determines that, because of special circumstances, the purposes of the fund are better served without diversification. (e) Within a reasonable time after receiving property, an institution shall make and carry out decisions concerning the retention or disposition of the property or to rebalance a portfolio, in order to bring the institutional fund into compliance with the purposes, terms and distribution requirements of the institution or necessary to meet other circumstances of the institution and the requirements of NRS 164.640 to 164.680 , inclusive. (f) A person that has special skills or expertise, or is selected in reliance upon the person's representation that the person has special skills or expertise, has a duty to use those skills or that expertise in managing and investing institutional funds.
Nev. Rev. Stat. § 162B.440 — NV Code / Title 13 / Chapter 162B / Section 162B.440
Power to contract: Presently exercisable power of appointment
Status: in_force

A powerholder of a presently exercisable power of appointment may contract:

1. Not to exercise the power; or

2. To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
Nev. Rev. Stat. § 159.197 — NV Code / Title 13 / Chapter 159 / Section 159.197
Delivery of physical possession of property of protected person; petition to modify title to such property; handling property of deceased protected person
Status: in_force

1. After the winding up of the affairs of the guardianship, the guardian shall deliver physical possession of all of the property of the protected person to the protected person, the personal representative or the successor guardian, as the case may be, and obtain a receipt of the delivery of the property.

2. Before the guardian delivers physical possession of the property of the protected person to the personal representative and upon sufficient evidence of prior title, the guardian may petition the court to have the title to the property modified, on a pro rata basis, to reflect the manner in which title was held before the guardianship was established so that the property is distributed to the intended beneficiary or former joint owner of the property.

3. If the guardianship has terminated by reason of the death of the protected person, the court, by order, may authorize the guardian to handle the property of the deceased protected person in the same manner as authorized by NRS 146.070 or 146.080 , if the gross value of the property, less encumbrances, and less fees, costs and expenses that are approved by the court, remaining in the hands of the guardian does not exceed the amount authorized pursuant to NRS 146.070 or 146.080 .
Nev. Rev. Stat. § 159A.0235 — NV Code / Title 13 / Chapter 159A / Section 159A.0235
“Person of natural affection” defined
Status: in_force

“ Person of natural affection ” means a person who is not a family member of a protected minor but who shares a relationship with the protected person that is similar to the relationship between family members.
Nev. Rev. Stat. § 159.195 — NV Code / Title 13 / Chapter 159 / Section 159.195
Disposition of claims of creditor after termination of guardianship by death of protected person
Status: in_force

1. If the guardianship is terminated by reason of the death of the protected person: (a) Except as otherwise provided in NRS 159.197 , the guardian shall report to the personal representative claims which are presented to the guardian, or which have been presented to the guardian but have not been paid, except those incurred in paying the expenses of administration of the guardianship estate and in winding up the affairs of the guardianship estate. (b) Claims which have been allowed by the guardian, but not paid, shall be paid by the personal representative in the course of probate in the priority provided by law for payment of claims against a decedent, and shall have the same effect and priority as a judgment against a decedent. (c) Claims which have been presented and not allowed or rejected shall be acted upon by the personal representative in the same manner as other claims against a decedent.

2. The personal representative shall be substituted as the party in interest for the guardian in any action commenced or which may be commenced by the creditor pursuant to NRS 159.107 , including summary determination, on any claim rejected by the guardian.
Nev. Rev. Stat. § 162A.530 — NV Code / Title 13 / Chapter 162A / Section 162A.530
Operation of entity or business
Status: in_force

Subject to the terms of a document or an agreement governing an entity or an entity ownership interest, and unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to operation of an entity or business authorizes the agent to:

1. Operate, buy, sell, enlarge, reduce or terminate an ownership interest.

2. Perform a duty or discharge a liability and exercise in person or by proxy a right, power, privilege or option that the principal has, may have or claims to have.

3. Enforce the terms of an ownership agreement.

4. Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to which the principal is a party because of an ownership interest.

5. Exercise in person or by proxy, or enforce by litigation or otherwise, a right, power, privilege or option the principal has or claims to have as the holder of stocks and bonds.

6. Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to which the principal is a party concerning stocks and bonds.

7. With respect to an entity or business owned solely by the principal: (a) Continue, modify, renegotiate, extend and terminate a contract made by or on behalf of the principal with respect to the entity or business before execution of the power of attorney; (b) Determine: (1) The location of its operation; (2) The nature and extent of its business; (3) The methods of manufacturing, selling, merchandising, financing, accounting and advertising employed in its operation; (4) The amount and types of insurance carried; and (5) The mode of engaging, compensating and dealing with its employees and accountants, attorneys or other advisors; (c) Change the name or form of organization under which the entity or business is operated and enter into an ownership agreement with other persons to take over all or part of the operation of the entity or business; and (d) Demand and receive money due or claimed by the principal or on the principal's behalf in the operation of the entity or business and control and disburse the money in the operation of the entity or business.

8. Put additional capital into an entity or business in which the principal has an interest.

9. Join in a plan of reorganization, consolidation, conversion, domestication or merger of the entity or business.

10. Sell or liquidate all or part of an entity or business.

11. Establish the value of an entity or business under a buy-out agreement to which the principal is a party.

12. Prepare, sign, file and deliver reports, compilations of information, returns or other papers with respect to an entity or business and make related payments.

13. Pay, compromise or contest taxes, assessments, fines or penalties and perform any other act to protect the principal from illegal or unnecessary taxation, assessments, fines or penalties with respect to an entity or business, including attempts to recover, in any manner permitted by law, money paid before or after the execution of the power of attorney.
Nev. Rev. Stat. § 160.180 — NV Code / Title 13 / Chapter 160 / Section 160.180
Liberal construction
Status: in_force

This chapter must be construed liberally to secure the beneficial intents and purposes thereof and applies only to beneficiaries of the Department of Veterans Affairs.
Nev. Rev. Stat. § 159.2021 — NV Code / Title 13 / Chapter 159 / Section 159.2021
Proceedings in more than one state
Status: in_force

Except for a petition for the appointment of a guardian in an emergency, if a petition for the appointment of a guardian is filed in this State and in another state and neither petition has been dismissed or withdrawn, the following rules apply:

1. If the court of this State has jurisdiction under NRS 159.1991 to 159.2029 , inclusive, it may proceed with the case unless a court of another state acquires jurisdiction under provisions similar to NRS 159.1991 to 159.2029 , inclusive, before the appointment.

2. If the court of this State does not have jurisdiction under NRS 159.1991 to 159.2029 , inclusive, whether at the time the petition is filed or at any time before the appointment or issuance of the order, the court shall stay the proceeding and communicate with the court of the other state. If the court of the other state has jurisdiction, the court of this State shall dismiss the petition unless the court of the other state determines that the court of this State is a more appropriate forum.
Nev. Rev. Stat. § 159.156 — NV Code / Title 13 / Chapter 159 / Section 159.156
Sale of interest in partnership, interest in personal property pledged to protected person and choses in action of estate of protected person
Status: in_force

The following interests of the estate of the protected person may be sold in the same manner as other personal property:

1. An interest in a partnership;

2. An interest in personal property that has been pledged to the protected person; and

3. Choses in action.
Nev. Rev. Stat. § 159.2023 — NV Code / Title 13 / Chapter 159 / Section 159.2023
Transfer of jurisdiction of guardianship to another state
Status: in_force

1. A guardian appointed in this State may petition the court to transfer the jurisdiction of the guardianship to another state. Notice of the petition must be given to the persons that would be entitled to notice of a petition in this State for the appointment of a guardian.

2. The court shall issue an order provisionally granting the petition to transfer a guardianship and shall direct the guardian or other interested party to petition for guardianship in the other state if the court finds that: (a) The protected person is physically present in, or is reasonably expected to move permanently to, the other state; (b) An objection to the transfer has not been made or, if an objection has been made, the objector has not established that the transfer would be contrary to the interests of the protected person; and (c) The plans for care and services for the protected person in the other state are reasonable and sufficient.

3. The court shall issue a final order confirming the transfer and terminating the guardianship upon a petition for termination pursuant to NRS 159.1905 or 159.191 and filing of a provisional order accepting the proceeding from the court to which the proceeding is to be transferred.
Nev. Rev. Stat. § 163.605 — NV Code / Title 13 / Chapter 163 / Section 163.605
Incapacity of trustee: Removal; determination of incapacity; certification; restoration; burden of proof
Status: in_force

1. A person determined pursuant to this section to lack capacity or to be incapacitated shall be deemed to no longer have the authority to serve as a trustee, and the person having priority to serve as or to appoint the successor trustee upon resignation, death or incapacity of the trustee under the trust instrument shall immediately assume such authority.

2. A person who would have authority to serve as the trustee but for the fact that he or she has been determined to be incapacitated pursuant to subsection 3 and who later regains capacity as determined in accordance with subsection 7 is immediately restored to such authority.

3. A person serving as a trustee is incapacitated for purposes of this section if the person: (a) Is determined to lack capacity pursuant to subsection 4; or (b) Is: (1) Missing; or (2) Detained, including, without limitation, incarcerated.

4. The incapacity of a person serving as a trustee may be established by: (a) A method provided in the trust instrument of the person, including, without limitation, a method that does not require a physician or a court to determine incapacity; (b) A licensed physician who has personally examined the person, unless the trust instrument provides otherwise; or (c) A court of competent jurisdiction.

5. The successor trustee may certify under penalty of perjury that the incapacity of a person has been determined pursuant to this section by a signed affidavit that is acknowledged by all the currently acting trustees of the trust other than the incapacitated trustee. A person who acts in reliance upon such a certification of incapacity without knowledge that the representations contained therein are incorrect is not liable to any person for so acting and may assume without inquiry that the person who has been certified as incapacitated lacks capacity.

6. Any interested person may petition a court of competent jurisdiction pursuant to NRS 164.015 for an order declaring a person serving as a trustee to lack capacity within the meaning of this section and for the removal as a trustee.

7. A person who would have priority to serve as the trustee but for the fact that he or she has been determined to be incapacitated, who later regains capacity, may establish his or her capacity by: (a) Using a method in the trust instrument to establish the capacity of the trustee; (b) If the person is incapacitated pursuant to paragraph (b) of subsection 3, a signed affidavit acknowledged by the person that the individual is no longer incapacitated and that is delivered to the currently acting trustees of the trust; or (c) Petitioning a court of competent jurisdiction under NRS 164.015 for an order declaring that the person is not incapacitated.

8. A written determination of the successor trustee or licensed physician provided pursuant to paragraph (a) or (b) of subsection 4 must be provided under penalty of perjury.

9. Incapacity pursuant to paragraph (c) of subsection 4 must be established by a preponderance of the evidence.
Nev. Rev. Stat. § 164.700 — NV Code / Title 13 / Chapter 164 / Section 164.700
Definitions
Status: in_force

As used in NRS 164.700 to 164.925 , inclusive:

1. “ Fiduciary ” means a trustee or, to the extent that NRS 164.780 to 164.925 , inclusive, apply to an estate, a personal representative.

2. “ Terms of a trust ” means the manifestation of the intent of a settlor or decedent with respect to the trust, expressed in a manner that admits of its proof in a judicial proceeding, whether by written or spoken words or by conduct.

3. “ Unitrust ” means a trust in which a certain percentage of annually assessed fair market value of trust property is paid to a trust beneficiary.
Nev. Rev. Stat. § 159A.099 — NV Code / Title 13 / Chapter 159A / Section 159A.099
Liability of guardian of estate on contracts for protected minor
Status: in_force

A guardian of the estate is not personally liable on any written or oral contract entered into for or on behalf of the protected minor where the guardian is acting within his or her authority as such guardian. Any action, suit or proceeding on any such contract must be brought against the guardian in his or her fiduciary capacity only, and any judgment or decree obtained in such action, suit or proceeding must be satisfied only from property of the protected minor.
Nev. Rev. Stat. § 159.1365 — NV Code / Title 13 / Chapter 159 / Section 159.1365
Application of money from sale of real property of protected person that is subject to mortgage or other lien
Status: in_force

If real property of the estate of a protected person is sold that is subject to a mortgage or other lien which is a valid claim against the estate, the money from the sale must be applied in the following order:

1. To pay the necessary expenses of the sale.

2. To satisfy the mortgage or other lien, including, without limitation, payment of interest and any other lawful costs and charges. If the mortgagee or other lienholder cannot be found, the money from the sale may be paid as ordered by the court and the mortgage or other lien shall be deemed to be satisfied.

3. To the estate of the protected person, unless the court orders otherwise.
Nev. Rev. Stat. § 159A.339 — NV Code / Title 13 / Chapter 159A / Section 159A.339
Assumption of jurisdiction by court of trust of which protected minor is beneficiary
Status: in_force

1. If the inventory filed pursuant to NRS 159A.085 includes the existence of a trust of which the protected minor is currently a beneficiary who is receiving or is entitled to receive distributions, the trustee must be served with a copy of the inventory for the purpose of alerting the trustee that the court may assume jurisdiction of the trust pursuant to this section or that supervision of the trust may be transferred to the court pursuant to NRS 164.130 .

2. The guardian of the protected minor or attorney of the protected minor may demand a copy of the trust and an accounting of the assets of the trust from the trustee. Such a demand must be served on the trustee and all parties and include notice that failure to comply with the demand may result in the court assuming jurisdiction of the trust.

3. If the trustee fails to comply with the demand made pursuant to subsection 2 within 30 days after being served with the demand, the guardian of the protected minor or attorney of the protected minor may petition the court to assume jurisdiction of the trust. Such a petition must be served on the trustee and all parties.

4. Not later than 30 days after being served with a petition pursuant to subsection 3, the trustee may object to the court assuming jurisdiction of the trust. If no objection is filed or if the court does not find good cause as to why it should not assume jurisdiction of the trust, the court may assume jurisdiction of the trust.

5. Not later than 30 days after the court assumes jurisdiction of the trust pursuant to this section or supervision of the trust is transferred to the court pursuant to NRS 164.130 , the trustee shall file a copy of the trust and an accounting of the assets of the trust with the court.

6. The provisions of chapters 162 to 167, inclusive, of NRS apply to a trust of which a court has jurisdiction.
Nev. Rev. Stat. § 159.152 — NV Code / Title 13 / Chapter 159 / Section 159.152
Sale of security of protected person by guardian
Status: in_force

A guardian may sell any security of the protected person if:

1. The guardian petitions the court for confirmation of the sale;

2. The clerk sets the date of the hearing;

3. The guardian gives notice in the manner required pursuant to NRS 159.034 unless, for good cause shown, the court shortens the period within which notice must be given or dispenses with notice; and

4. The court confirms the sale.
Nev. Rev. Stat. § 162.100 — NV Code / Title 13 / Chapter 162 / Section 162.100
Deposit in personal account of fiduciary
Status: in_force

If a fiduciary makes a deposit in a bank to his or her personal credit of checks drawn by the fiduciary upon an account in his or her own name as fiduciary, or of checks payable to him or her as fiduciary, or of checks drawn by the fiduciary upon an account in the name of his or her principal if the fiduciary is empowered to draw checks thereon, or of checks payable to his or her principal and endorsed by the fiduciary, if the fiduciary is empowered to endorse such checks, or if the fiduciary otherwise makes a deposit of funds held by him or her as fiduciary, the bank receiving such deposit is not bound to inquire whether the fiduciary is committing thereby a breach of his or her obligation as fiduciary; and the bank is authorized to pay the amount of the deposit or any part thereof upon the personal check of the fiduciary without being liable to the principal, unless the bank receives the deposit or pays the check with actual knowledge that the fiduciary is committing a breach of his or her obligation as fiduciary in making such deposit or in drawing such check, or with knowledge of such facts that its action in receiving the deposit or paying the check amounts to bad faith.
Nev. Rev. Stat. § 163.026 — NV Code / Title 13 / Chapter 163 / Section 163.026
Giving name to or changing name of certain trusts
Status: in_force

Except as otherwise specifically provided in the trust instrument and except to the extent it would be materially detrimental to the administration of the trust or to the furtherance of its purposes, a trustee may change the name of an irrevocable trust or give a name to an irrevocable trust that does not have one.
Nev. Rev. Stat. § 167.033 — NV Code / Title 13 / Chapter 167 / Section 167.033
Nomination of custodian to serve upon future event
Status: in_force

1. A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substance by the words: “as custodian for ________________ (name of minor) under Nevada's Uniform Act on Transfers to Minors.” The nomination may name one or more persons as substitute custodians to whom the property must be transferred, in the order named, if the first nominated custodian dies before the transfer or is unable, declines or is ineligible to serve. The nomination may be made in a will, a trust, a deed, an instrument exercising a power of appointment, or in a writing designating a beneficiary of contractual rights which is registered with or delivered to the payor, issuer or other obligor of the contractual rights.

2. A custodian nominated under this section must be a person to whom a transfer of property of that kind may be made under subsection 1 of NRS 167.030 .

3. The nomination of a custodian under this section does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under the provisions of this chapter. Unless the nomination of a custodian has been revoked, upon the occurrence of the future event, the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to the provisions of this chapter.
Nev. Rev. Stat. § 162B.300 — NV Code / Title 13 / Chapter 162B / Section 162B.300
Requisites for exercise of power of appointment
Status: in_force

A power of appointment is exercised only:

1. If the instrument exercising the power is valid under applicable law;

2. If the terms of the instrument exercising the power: (a) Manifest the powerholder's intent to exercise the power; and (b) Subject to NRS 162B.315 , satisfy the requirements of exercise, if any, imposed by the donor; and

3. To the extent the appointment is a permissible exercise of the power.
Nev. Rev. Stat. § 159A.0475 — NV Code / Title 13 / Chapter 159A / Section 159A.0475
Manner of serving citation
Status: in_force

1. A copy of the citation issued pursuant to NRS 159A.047 , together with a copy of the petition filed under NRS 159A.044 , must be served: (a) Except as otherwise ordered by the court, on a proposed protected minor who is 14 years of age or older by personal service in the manner provided pursuant to the Nevada Rules of Civil Procedure at least 10 days before the date set for the hearing; and (b) On each person required to be served pursuant to NRS 159A.047 other than a proposed protected minor by: (1) Certified mail, with a return receipt requested, at least 20 days before the hearing; or (2) Personal service in the manner provided pursuant to the Nevada Rules of Civil Procedure at least 10 days before the date set for the hearing.

2. If none of the persons on whom the citation and petition is to be served can, after due diligence, be served by certified mail or personal service, as applicable, and this fact is proven by affidavit to the satisfaction of the court, service of the citation must be made by publication in the manner provided by the Nevada Rules of Civil Procedure. In all such cases, the citation must be published at least 20 days before the date set for the hearing.

3. A citation and petition need not be served on a person or an officer of the care provider who has signed the petition or a written waiver of service of the citation and petition or who makes a general appearance.

4. The court may find that notice is sufficient if: (a) The citation and petition have been served by personal service on the proposed protected minor and an affidavit of such service has been filed with the court pursuant to subsection 3 of NRS 159A.047 ; (b) The citation and petition have been served by certified mail, with a return receipt requested, or by personal service on the care provider or guardian required to be served pursuant to NRS 159A.047 ; and (c) At least one relative of the proposed protected minor who is required to be served pursuant to NRS 159A.047 has been served, as evidenced by the return receipt or the certificate of service. If the court finds that at least one relative of the proposed protected minor has not received notice that is sufficient, the court will require the citation to be published pursuant to subsection 2.
Nev. Rev. Stat. § 159A.071 — NV Code / Title 13 / Chapter 159A / Section 159A.071
Bond: Limitations on action
Status: in_force

No action may be maintained against the sureties on any bond given by a guardian unless it is commenced within 3 years after the time the guardian is discharged, unless at the time of such discharge the person entitled to bring the action is under any legal disability to sue, in which case the action may be brought at any time within 3 years after the disability is removed.
Nev. Rev. Stat. § 163.5555 — NV Code / Title 13 / Chapter 163 / Section 163.5555
Trust protector and trust adviser: Submission to jurisdiction of courts of this State
Status: in_force

If a person accepts an appointment to serve as a trust protector or a trust adviser of a trust subject to the laws of this State, the person submits to the jurisdiction of the courts of this State, regardless of any term to the contrary in an agreement or instrument. A trust protector or a trust adviser may be made a party to an action or proceeding arising out of a decision or action of the trust protector or trust adviser.
Nev. Rev. Stat. § 162.230 — NV Code / Title 13 / Chapter 162 / Section 162.230
Application of NRS 162.150 to 162.250, inclusive
Status: in_force

The provisions of NRS 162.150 to 162.250 , inclusive, apply to the rights and duties of a person other than the issuing corporation and its transfer agents with regard to acts and omission in this state in connection with the acquisition, disposition, assignment or transfer of a security by or to a fiduciary and of a person who guarantees in this state the signature of a fiduciary in connection with such a transaction.
Nev. Rev. Stat. § 163.580 — NV Code / Title 13 / Chapter 163 / Section 163.580
Duty of third person to ensure proper application of trust property
Status: in_force

A third person who acts in good faith is not bound to ensure the proper application of trust property paid or delivered to a trustee.
Nev. Rev. Stat. § 162B.400 — NV Code / Title 13 / Chapter 162B / Section 162B.400
Disclaimer
Status: in_force

As provided by chapter 120 of NRS:

1. A powerholder may disclaim all or part of a power of appointment.

2. A permissible appointee, appointee or taker in default of appointment may disclaim all or part of an interest in appointive property.
Nev. Rev. Stat. § 159.202 — NV Code / Title 13 / Chapter 159 / Section 159.202
Declination of jurisdiction by reason of conduct
Status: in_force

1. If at any time a court of this State determines that it acquired jurisdiction to appoint a guardian because of unjustifiable conduct by the guardian or the petitioner, the court may: (a) Decline to exercise jurisdiction; (b) Exercise jurisdiction for the limited purpose of fashioning an appropriate remedy to ensure the health, safety and welfare of the protected person or the protection of the property of the protected person or to prevent a repetition of the unjustifiable conduct, including staying the proceeding until a petition for the appointment of a guardian is filed in a court of another state having jurisdiction; or (c) Continue to exercise jurisdiction after considering: (1) The extent to which the protected person and all persons required to be notified of the proceedings have acquiesced in the exercise of the court's jurisdiction; (2) Whether it is a more appropriate forum than the court of any other state; and (3) Whether the court of any other state would have jurisdiction under factual circumstance in substantial conformity with the jurisdictional standard.

2. If a court of this State determines that it acquired jurisdiction to appoint a guardian because a party seeking to invoke its jurisdiction engaged in unjustifiable conduct, the court may assess against that party necessary and reasonable expenses, including, without limitation, attorney's fees, investigative fees, court costs, communication expenses, witness fees and expenses, and travel expenses.
Nev. Rev. Stat. § 163.320 — NV Code / Title 13 / Chapter 163 / Section 163.320
Borrowing money; renewing existing loans
Status: in_force

A fiduciary may:

1. Borrow money for such periods of time and upon such terms and conditions as to rates, maturities, renewals and security as the fiduciary deems advisable, including the power of a corporate fiduciary to borrow from its own banking department, for the purpose of paying debts, taxes or other charges against the estate or any trust, or any part thereof;

2. Provide a guarantee by the trust or mortgage, pledge or otherwise encumber such portion of the estate or any trust as may be required to obtain loan or loans; and

3. Renew existing loans either as maker or endorser.
Nev. Rev. Stat. § 163.260 — NV Code / Title 13 / Chapter 163 / Section 163.260
Incorporation by reference of powers enumerated in NRS 163.265 to 163.410, inclusive; restriction on exercise of such powers
Status: in_force

1. Except as otherwise expressly provided by a testator in a will or by a settlor in a trust instrument, all of the powers enumerated in NRS 163.265 to 163.410 , inclusive, as they exist at the time that the testator signs the will or places his or her electronic signature on the will, if it is an electronic will, or at the time that the first settlor signs the trust instrument or places his or her electronic signature on the trust instrument, if it is an electronic trust, must be incorporated in such will or trust instrument as to the fiduciaries appointed under that will or trust with the same effect as though such language were set forth verbatim in the instrument. Incorporation of the powers contained in NRS 163.265 to 163.410 , inclusive, must be in addition to and not in limitation of the common-law or statutory powers of the fiduciary.

2. A fiduciary shall not have or exercise any power or authority conferred as provided in NRS 163.260 to 163.410 , inclusive, in such a manner as, in the aggregate, to deprive the trust or the estate involved of an otherwise available tax exemption, deduction or credit, expressly including the marital deduction, or operate to impose a tax upon a donor or testator or other person as owner of any portion of the trust or estate involved. Notwithstanding any other provision of law, any power purportedly granted to a personal representative or a trustee, either in a will or a trust instrument, is void if having or exercising such power would deprive the will or trust of the intended tax consequences. “ Tax ” includes, but is not limited to, any federal income, gift, estate, generation skipping transfer or inheritance tax.

3. The powers enumerated in NRS 163.265 to 163.410 , inclusive, may be incorporated by reference as to any fiduciary appointed in any other kind of instrument or agreement where a fiduciary is appointed.

4. As used in this section, “ electronic will ” has the meaning ascribed to it in NRS 132.119 .
Nev. Rev. Stat. § 159A.013 — NV Code / Title 13 / Chapter 159A / Section 159A.013
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 159A.014 to 159A.0265 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 159.1375 — NV Code / Title 13 / Chapter 159 / Section 159.1375
Sale of real property of protected person to holder of mortgage or lien on such property
Status: in_force

At a sale of real property that is subject to a mortgage or lien, the holder of the mortgage or lien may become the purchaser. The receipt for the amount owed to the holder from the proceeds of the sale is a payment pro tanto.
Nev. Rev. Stat. § 162A.570 — NV Code / Title 13 / Chapter 162A / Section 162A.570
Personal and family maintenance
Status: in_force

Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to personal and family maintenance authorizes the agent to perform the acts necessary to maintain the customary standard of living of the principal, including, but not limited to, authorizing the agent to:

1. Make periodic payments of child support and other family maintenance required by a court or governmental agency or an agreement to which the principal is a party;

2. Provide normal domestic help, usual vacations and travel expenses, and funds for shelter, clothing, food, appropriate education, including postsecondary and vocational education, and other current living costs for the principal;

3. Pay expenses for necessary health care and custodial care on behalf of the principal;

4. Act as the principal's personal representative pursuant to the Health Insurance Portability and Accountability Act of 1996, Public Law 104-191 , as amended, and applicable regulations, in making decisions related to the past, present or future payment for the provision of health care consented to by the principal or anyone authorized under the law of this State to consent to health care on behalf of the principal;

5. Continue any provision made by the principal for automobiles or other means of transportation, including registering, licensing, insuring and replacing them;

6. Maintain credit and debit accounts for the convenience of the principal and open new accounts; and

7. Continue payments incidental to the membership or affiliation of the principal in a religious institution, club, society, order or other organization or to continue contributions to those organizations.
Nev. Rev. Stat. § 159.333 — NV Code / Title 13 / Chapter 159 / Section 159.333
Petition for order restricting communication, visitation or interaction between protected person and relative or person of natural affection; issuance of order; petition to modify or rescind order
Status: in_force

1. For good cause, a guardian may petition a court to issue an order restricting the ability of a relative or person of natural affection to communicate, visit or interact with a protected person.

2. After a petition is filed by a guardian pursuant to subsection 1, a court: (a) May appoint a person to meet with the protected person to determine his or her wishes regarding communication, visitation or interaction with the relative or person of natural affection; (b) Shall give notice and an opportunity to be heard to the guardian, the protected person and the relative or person of natural affection; (c) Shall preserve the right of the protected person to be present at the hearing on the petition; and (d) May order supervised communication, visitation or interaction between the protected person and the relative or person of natural affection before the hearing on the petition.

3. Upon a showing of good cause by a guardian, a court may issue an order restricting the communication, visitation or interaction between a protected person and a relative or person of natural affection pursuant to this section. When determining whether to issue an order, a court shall consider the following factors: (a) Whether any protective order has been issued to protect the protected person from the relative or person of natural affection; (b) Whether the relative or person of natural affection has been charged with abuse, neglect or financial exploitation of the protected person; (c) Whether the protected person has expressed to the court or to the guardian and at least one other independent witness who is not affiliated with or related to the guardian or the protected person a desire to or a desire not to communicate, visit or interact with the relative or person of natural affection; (d) If the protected person is unable to communicate, whether a properly executed living will, durable power of attorney or other written instrument contains a preference by the protected person regarding his or her communication, visitation or interaction with the relative or person of natural affection; and (e) Any other factor deemed relevant by the court.

4. If a protected person is unable to communicate verbally, the guardian shall provide the court with documentation of any physical reactions or manifestations of agitation, distress or combative or overly emotional behavior by the protected person during or following any contact with a relative or person of natural affection or any opposition by the protected person to any communication, visitation or interaction with a relative or person of natural affection for the purpose of allowing the court to consider whether the protected person has expressed a desire not to communicate, visit or interact with the relative or person of natural affection, as set forth in paragraph (c) of subsection 3. Such documentation may include, without limitation, any nursing notes, caregiver records, medical records or testimony of witnesses.

5. A guardian, protected person, relative or person of natural affection may petition the court to modify or rescind any order issued pursuant to this section.
Nev. Rev. Stat. § 159A.055 — NV Code / Title 13 / Chapter 159A / Section 159A.055
Burden of proof; order appointing guardian; notice of entry of order
Status: in_force

1. The petitioner has the burden of proving by clear and convincing evidence that the appointment of a guardian of the person, of the estate, or of the person and estate is necessary.

2. If it appears to the court that the allegations of the petition are sufficient and that a guardian should be appointed for the proposed protected minor, the court shall enter an order appointing a guardian. The order must: (a) Specify whether the guardian appointed is guardian of the person, of the estate, or of the person and estate; (b) Specify whether the proposed protected minor is a resident or nonresident of this State; (c) Specify the amount of the bond to be executed and filed by the guardian; (d) Designate the names and addresses, so far as may be determined, of: (1) The relatives of the proposed protected minor upon whom notice must be served pursuant to NRS 159A.047 ; and (2) Any other interested person; and (e) Specify whether the proposed protected minor will require a guardianship after reaching 18 years of age.

3. A notice of entry of the court order must be sent to: (a) The relatives of the proposed protected minor upon whom notice must be served pursuant to NRS 159A.047 ; and (b) Any other interested person.
Nev. Rev. Stat. § 164.655 — NV Code / Title 13 / Chapter 164 / Section 164.655
“Institutional fund” defined
Status: in_force

“ Institutional fund ” means a fund held by an institution exclusively for charitable purposes. The term does not include:

1. Program-related assets;

2. A fund held for an institution by a trustee that is not an institution; or

3. A fund in which a beneficiary that is not an institution has an interest, other than an interest that could arise upon violation or failure of the purposes of the fund.
Nev. Rev. Stat. § 163.460 — NV Code / Title 13 / Chapter 163 / Section 163.460
“Charitable trust” defined
Status: in_force

“Charitable trust” means an organization described in Section 4947(a)(1).
Nev. Rev. Stat. § 164.830 — NV Code / Title 13 / Chapter 164 / Section 164.830
Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity
Status: in_force

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and a trustee shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, NRS 164.825 or 164.895 applies to a receipt from the trust.
Nev. Rev. Stat. § 159A.039 — NV Code / Title 13 / Chapter 159A / Section 159A.039
Proceedings commenced in more than one county
Status: in_force

1. If proceedings for the appointment of a guardian for the same proposed protected minor are commenced in more than one county in this State, and the proposed protected minor's home state is this State, the proceedings must be stayed, except in the county where first commenced, until final determination of venue in that county. If the proper venue is finally determined to be in another county, the court shall cause a transcript of the proceedings and all original papers filed therein, all certified by the clerk of the court, to be sent to the clerk of the court of the proper county.

2. A proceeding is considered commenced by the filing of a petition.

3. The proceedings first legally commenced for the appointment of a guardian of the estate or of the person and estate extend to all the property of the proposed protected minor which is in this State.
Nev. Rev. Stat. § 163.430 — NV Code / Title 13 / Chapter 163 / Section 163.430
Declaration of policy
Status: in_force

The legislature hereby declares that the policy of the State is to maximize the funds available for charitable purposes by minimizing, to the greatest extent practicable, the imposition of federal income and excise taxes upon trust assets otherwise available for charitable purposes.
Nev. Rev. Stat. § 162C.030 — NV Code / Title 13 / Chapter 162C / Section 162C.030
“Adult” defined
Status: in_force

“ Adult ” means a natural person who is 18 years of age or older.
Nev. Rev. Stat. § 164.090 — NV Code / Title 13 / Chapter 164 / Section 164.090
Accountings
Status: in_force

Unless ordered by a court of competent jurisdiction, the bank or trust company operating common trust funds is not required to render a court accounting with regard to those funds, but it may, by petition to the court, secure approval of such an accounting on such conditions as the court may establish.
Nev. Rev. Stat. § 159A.176 — NV Code / Title 13 / Chapter 159A / Section 159A.176
Review of guardianship by court
Status: in_force

Every guardianship established pursuant to this chapter must be reviewed by the court annually.
Nev. Rev. Stat. § 159.0795 — NV Code / Title 13 / Chapter 159 / Section 159.0795
Supervisory authority and powers of special guardian
Status: in_force

1. A special guardian shall exercise supervisory authority over the protected person in a manner which is least restrictive of the personal freedom of the protected person and which is consistent with the need of the protected person for supervision and protection.

2. A special guardian has the powers set forth in the order appointing the special guardian and any other powers given to the special guardian in an emergency which are necessary and consistent to resolve the emergency or protect the protected person from imminent harm.
Nev. Rev. Stat. § 159A.047 — NV Code / Title 13 / Chapter 159A / Section 159A.047
Issuance of citation upon filing of petition for appointment of guardian; persons required to be served; filing of affidavit of service
Status: in_force

1. Except as otherwise provided in NRS 159A.0475 , 159A.049 , 159A.052 and 159A.053 , upon the filing of a petition under NRS 159A.044 , the clerk shall issue a citation setting forth a time and place for the hearing and directing the persons or care provider referred to in subsection 2 to appear and show cause why a guardian should not be appointed for the proposed protected minor.

2. A citation issued under subsection 1, together with a copy of the petition filed under NRS 159A.044 , must be served upon: (a) A proposed protected minor who is 14 years of age or older, regardless of whether the proposed protected minor is considered to have the capacity to understand or appreciate the contents of the citation and petition; (b) All known relatives of the proposed protected minor who are: (1) Fourteen years of age or older; and (2) Within the second degree of consanguinity; (c) The parents and custodian of the proposed protected minor; (d) Any person or officer of a care provider having the care, custody or control of the proposed protected minor; (e) The proposed guardian, if the petitioner is not the proposed guardian; and (f) The Director of the Department of Health and Human Services if the proposed protected minor has received or is receiving any benefits from Medicaid.

3. A person who serves notice upon a proposed protected minor pursuant to paragraph (a) of subsection 2 shall file with the court an affidavit stating that he or she served notice upon the proposed protected minor in accordance with the provisions of NRS 159A.0475 .
Nev. Rev. Stat. § 163.355 — NV Code / Title 13 / Chapter 163 / Section 163.355
Continuation of obligation
Status: in_force

A fiduciary may continue any obligation, whether secured or unsecured, upon and after maturity with or without renewal or extension upon such terms as the fiduciary deems advisable, without regard to the value of the security, if any, at the time of such continuance.
Nev. Rev. Stat. § 164.653 — NV Code / Title 13 / Chapter 164 / Section 164.653
“Institution” defined
Status: in_force

“ Institution ” means:

1. A person, other than an individual, organized and operated exclusively for charitable purposes;

2. A government or governmental subdivision, agency or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; and

3. A trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated.
Nev. Rev. Stat. § 163.5533 — NV Code / Title 13 / Chapter 163 / Section 163.5533
“Custodial account” defined
Status: in_force

“Custodial account” means an account:

1. Established by a person with a bank, as defined in 26 U.S.C. § 408(n) , or with a person approved by the Internal Revenue Service as satisfying the requirements to be a nonbank trustee or nonbank passive trustee pursuant to regulations established by the United States Treasury pursuant to 26 U.S.C. § 408 ; and

2. Governed by an instrument concerning the establishment or maintenance of an individual retirement account, qualified retirement plan, an Archer medical savings account, health savings account, a Coverdell education savings account or any similar retirement or savings account permitted under the Internal Revenue Code of 1986.
Nev. Rev. Stat. § 162A.080 — NV Code / Title 13 / Chapter 162A / Section 162A.080
“Person” defined
Status: in_force

“ Person ” means an individual, corporation, business trust, estate, trust, partnership, limited-liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality, or any other legal or commercial entity.
Nev. Rev. Stat. § 159A.1505 — NV Code / Title 13 / Chapter 159A / Section 159A.1505
Periods of limitation for actions to recover or set aside sale of real property
Status: in_force

The periods of limitation prescribed in NRS 11.260 apply to all actions:

1. For the recovery of real property sold by a guardian in accordance with the provisions of this chapter; and

2. To set aside a sale of real property.
Nev. Rev. Stat. § 163.115 — NV Code / Title 13 / Chapter 163 / Section 163.115
Removal of trustee; maintenance of proceeding for breach of trust by trustee; permissible purposes for maintenance of proceeding; penalties for not filing petition in good faith; nonexclusivity of remedies; method of commencing proceeding
Status: in_force

1. A settlor, cotrustee or beneficiary of the trust may request the court to remove a trustee, or a trustee may be removed by the court on its own motion pursuant to subsection 2.

2. The court may remove a trustee if: (a) The trustee commits or threatens to commit a breach of trust; (b) Lack of cooperation between cotrustees substantially impairs the administration of the trust; or (c) Because of unfitness, unwillingness or persistent failure of the trustee to administer the trust effectively, the court determines that removal of the trustee best serves the interests of the settlor or beneficiaries.

3. If a trustee commits or threatens to commit a breach of trust, a beneficiary or cotrustee of the trust may maintain a proceeding for any of the following purposes that is appropriate: (a) To compel the trustee to perform his or her duties. (b) To enjoin the trustee from committing the breach of trust. (c) To compel the trustee to redress the breach of trust by payment of money or otherwise. (d) To appoint a receiver or temporary trustee to take possession of the trust property and administer the trust. (e) To remove the trustee. (f) To set aside acts of the trustee. (g) To reduce or deny compensation of the trustee. (h) To impose an equitable lien or a constructive trust on trust property. (i) To trace trust property that has been wrongfully disposed of and recover the property or its proceeds.

4. If the court determines that a proceeding instituted pursuant to subsection 1 by a settlor, cotrustee or beneficiary of the trust against a trustee was not instituted in good faith and based on probable cause, the court may order that the settlor, cotrustee or beneficiary who is maintaining the proceeding against a trustee pay all or part of the costs of the proceeding, including, without limitation, reasonable attorney's fees. The provisions of this subsection do not preclude any other remedy available.

5. The provisions of subsections 2 and 3 do not preclude resort to any other appropriate ground or remedy provided by statute or common law.

6. A proceeding under this section must be commenced by filing or bringing in conjunction with the filing of a petition under NRS 164.010 and 164.015 .
Nev. Rev. Stat. § 162B.335 — NV Code / Title 13 / Chapter 162B / Section 162B.335
Selective allocation doctrine
Status: in_force

If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the powerholder's intent.
Nev. Rev. Stat. § 165.180 — NV Code / Title 13 / Chapter 165 / Section 165.180
Accountability of trustees at other times
Status: in_force

This chapter does not abridge the power of any court of competent jurisdiction to require testamentary or nontestamentary trustees to file an inventory, to account, to exhibit the trust property, or to give beneficiaries information or the privilege of inspection of trust records and papers, at times other than those prescribed in this chapter, or abridge the power of the court for cause shown to excuse a trustee from performing any or all of the duties imposed on the trustee by this chapter. This chapter does not preclude the trustee from accounting voluntarily even if he or she is not required to do so by this chapter or by court order.
Nev. Rev. Stat. § 159A.067 — NV Code / Title 13 / Chapter 159A / Section 159A.067
Bond: Court may require increase, decrease or other change; exoneration of former sureties
Status: in_force

1. The court may at any time, for good cause and after notice to the guardian, increase or decrease the amount of the bond required of a guardian.

2. The court may at any time, if the bond or the sureties are determined to be insufficient or for other good cause, require a guardian to execute and file a new or additional bond. The court may exonerate the sureties on a former bond from any liabilities thereunder arising from the acts or omissions of their principal after such exoneration.
Nev. Rev. Stat. § 162B.420 — NV Code / Title 13 / Chapter 162B / Section 162B.420
Method of release
Status: in_force

A powerholder of a releasable power of appointment may release the power in whole or in part:

1. By substantial compliance with a method provided in the terms of the instrument creating the power; or

2. If the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.
Nev. Rev. Stat. § 162.010 — NV Code / Title 13 / Chapter 162 / Section 162.010
Short title
Status: in_force

NRS 162.010 to 162.140 , inclusive, may be cited as the Uniform Fiduciaries Act.
Nev. Rev. Stat. § 158.200 — NV Code / Title 13 / Chapter 158 / Section 158.200
“Spouse” defined
Status: in_force

“ Spouse ” includes a domestic partner as set forth in NRS 122A.200 .
Nev. Rev. Stat. § 159.1998 — NV Code / Title 13 / Chapter 159 / Section 159.1998
General provisions governing jurisdiction and special jurisdiction
Status: in_force

1. A court of this State has jurisdiction to appoint a guardian if: (a) This State is the home state of the proposed protected person; (b) The proposed protected person holds property within this State and a court of the home state of the proposed protected person has declined to exercise jurisdiction because this State is a more appropriate forum; (c) The proposed protected person has a significant connection with this State and a court of the home state of the proposed protected person has declined to exercise jurisdiction because this State is a more appropriate forum; or (d) The proposed protected person does not have a home state.

2. A court of this State lacking jurisdiction under subsection 1 has special jurisdiction to appoint a temporary guardian for a protected person: (a) To facilitate transfer of the guardianship proceedings from another state pursuant to NRS 159.1991 to 159.2029 , inclusive. (b) In an emergency if the protected person is physically present in this State, and such temporary guardianship will be terminated at the request of a court of the home state of the protected person before or after the emergency appointment.

3. Except as otherwise provided in this section, a court that has appointed a guardian consistent with NRS 159.1991 to 159.2029 , inclusive, has exclusive and continuing jurisdiction over the proceedings until it is terminated by the court pursuant to NRS 159.1905 or 159.191 .
Nev. Rev. Stat. § 162A.850 — NV Code / Title 13 / Chapter 162A / Section 162A.850
Agents: Prohibited acts; decisions concerning use or nonuse of life-sustaining treatment
Status: in_force

1. The agent may not consent to: (a) Commitment or placement of the principal in a facility for treatment of mental illness; (b) Convulsive treatment; (c) Psychosurgery; (d) Sterilization; (e) Abortion; (f) Aversive intervention, as that term is defined in NRS 449A.203 ; (g) Experimental medical, biomedical or behavioral treatment, or participation in any medical, biomedical or behavioral research program; or (h) Any other treatment to which the principal, in the power of attorney for health care, states that the agent may not consent.

2. The agent must make decisions concerning the use or nonuse of life-sustaining treatment which conform to the known desires of the principal. The principal may make these desires known in the power of attorney for health care.
Nev. Rev. Stat. § 162A.710 — NV Code / Title 13 / Chapter 162A / Section 162A.710
Definitions
Status: in_force

As used in NRS 162A.700 to 162A.870 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 162A.715 to 162A.780 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 162B.330 — NV Code / Title 13 / Chapter 162B / Section 162B.330
Impermissible appointment
Status: in_force

1. Except as otherwise provided in NRS 162B.325 , an exercise of a power of appointment in favor of an impermissible appointee is ineffective.

2. An exercise of a power of appointment in favor of a permissible appointee is ineffective to the extent the appointment is a fraud on the power.
Nev. Rev. Stat. § 163.365 — NV Code / Title 13 / Chapter 163 / Section 163.365
Insurance
Status: in_force

A fiduciary may carry such insurance coverage, including public liability, for such hazards and in such amounts, either in stock companies or in mutual companies, as the fiduciary deems advisable.
Nev. Rev. Stat. § 162A.510 — NV Code / Title 13 / Chapter 162A / Section 162A.510
Commodities and options
Status: in_force

Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to commodities and options authorizes the agent to:

1. Buy, sell, exchange, assign, settle and exercise commodity futures contracts and call or put options on stocks or stock indexes traded on a regulated option exchange; and

2. Establish, continue, modify and terminate option accounts.
Nev. Rev. Stat. § 162B.015 — NV Code / Title 13 / Chapter 162B / Section 162B.015
“Appointee” defined
Status: in_force

“ Appointee ” means a person to which a powerholder makes an appointment of appointive property.
Nev. Rev. Stat. § 162A.470 — NV Code / Title 13 / Chapter 162A / Section 162A.470
Construction of authority generally
Status: in_force

Except as otherwise provided in the power of attorney, by executing a power of attorney that incorporates by reference a subject described in NRS 162A.200 to 162A.660 , inclusive, or that grants to an agent authority to do all acts that a principal could do pursuant to this chapter, a principal authorizes the agent to:

1. Demand, receive and obtain, by litigation or otherwise, money or another thing of value to which the principal is, may become or claims to be entitled, and conserve, invest, disburse or use anything so received or obtained for the purposes intended;

2. Contract in any manner with any person, on terms agreeable to the agent, to accomplish a purpose of a transaction and perform, rescind, cancel, terminate, reform, restate, release or modify the contract or another contract made by or on behalf of the principal;

3. Execute, acknowledge, seal, deliver, file or record any instrument or communication the agent considers desirable to accomplish a purpose of a transaction, including creating at any time a schedule listing some or all of the principal's property and attaching it to the power of attorney;

4. Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to a claim existing in favor of or against the principal or intervene in litigation relating to the claim;

5. Seek on the principal's behalf the assistance of a court or other governmental agency to carry out an act authorized in the power of attorney;

6. Engage, compensate and discharge an attorney, accountant, discretionary investment manager, expert witness or other advisor;

7. Prepare, execute and file a record, report or other document to safeguard or promote the principal's interest under a statute or regulation;

8. Communicate with any representative or employee of a government or governmental subdivision, agency or instrumentality on behalf of the principal;

9. Access communications intended for, and communicate on behalf of, the principal, whether by mail, electronic transmission, telephone or other means; and

10. Do any lawful act with respect to the subject and all property related to the subject.