Nevada Revised Statutes 669A.133 – Standards for administration and management of trust
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While acting as the fiduciary of a trust, a family trust company or licensed family trust company:
Terms Used In Nevada Revised Statutes 669A.133
- Fiduciary: A trustee, executor, or administrator.
1. Shall administer and manage the trust in accordance with the terms of the trust;
2. Shall administer and manage the trust in the interest of the beneficiaries of the trust;
3. Shall administer and manage the trust in accordance with the provisions of this chapter; and
4. May administer and manage the trust by the exercise of discretionary power of administration given to the fiduciary by the terms of the trust instrument.