Nevada Revised Statutes 163.4175 – Trustee not required to consider certain factors with regard to distribution of trust assets
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Except as otherwise provided in the trust instrument, the trustee is not required to consider a beneficiary‘s assets or resources in determining whether to make a distribution of trust assets.
Terms Used In Nevada Revised Statutes 163.4175
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.