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Nevada Revised Statutes 163.4177 - Factors which must not be considered exercising improper dominion or control over trust

Nevada Revised Statutes > Title 13 > Chapter 163 > Control Of Trusts > § 163.4177. Factors which must not be considered exercising improper dominion or control over trust


Current as of: 2009

 If a party asserts that a beneficiary or settlor is exercising improper dominion or control over a trust, the following factors, alone or in combination, must not be considered exercising improper dominion or control over a trust:

      1.  A beneficiary is serving as a trustee.

      2.  The settlor or beneficiary holds unrestricted power to remove or replace a trustee.

      3.  The settlor or beneficiary is a trust administrator, general partner of a partnership, manager of a limited-liability company, officer of a corporation or any other manager of any other type of entity and all or part of the trust property consists of an interest in the entity.

      4.  The trustee is a person related by blood, adoption or marriage to the settlor or beneficiary.

      5.  The trustee is the settlor or beneficiary’s agent, accountant, attorney, financial adviser or friend.

      6.  The trustee is a business associate of the settlor or beneficiary.

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Nevada Laws: Trusts

Nevada Revised Statutes > Chapter 153 - Administration of Trusts; Estates for Life and Years
Nevada Revised Statutes > Chapter 163 - Trusts
Nevada Revised Statutes > Chapter 164 - Administration of Trusts
Nevada Revised Statutes > Chapter 165 - Trustees’ Accounting (Uniform Act)
Nevada Revised Statutes > Chapter 166 - Spendthrift Trusts
Nevada Revised Statutes > Chapter 166A - Custodial Trusts (Uniform Act)

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