NRS 166.010 – Short title.
This chapter may be referred to by the short title of Spendthrift Trust Act of Nevada, and such reference will be sufficient for all purposes. [7:86:1939; 1931 NCL § 6880.06]
NRS 166.015 – Applicability of chapter; requirement of trustee if settlor is beneficiary of trust.
1. Unless the writing declares to the contrary, expressly, this chapter governs the construction, operation and enforcement, in this State, of all spendthrift trusts created in or outside this State if: (a) All or part of the land, rents, issues or profits affected are in this State; (b) All or part of the personal property, […]
NRS 166.016 – Definitions.
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 166.018 and 166.020 have the meanings ascribed to them in those sections. (Added to NRS by 2019, 1874)
NRS 166.018 – “Settlor” defined.
“Settlor” means: 1. The person who creates a spendthrift trust however described in the trust instrument; or 2. Any person who contributes assets to the spendthrift trust as to the assets he or she contributed to the spendthrift trust except to the extent of consideration received therefor by that person. (Added to NRS by 2019, […]
NRS 166.020 – “Spendthrift trust” defined.
“Spendthrift trust” means a trust in which by the terms thereof a valid restraint on the voluntary and involuntary transfer of the interest of the beneficiary is imposed. It is an active trust not governed or executed by any use or rule of law of uses. [1:86:1939; 1931 NCL § 6880]—(NRS A 2019, 1874)
NRS 166.025 – Terms: “Writing” or “written.”
As used in this chapter, unless the context otherwise requires, when the term “writing” or “written” is used in reference to a will, trust or instrument, the term includes an electronic will as defined in NRS 132.119 and an electronic trust as defined in NRS 163.0015. (Added to NRS by 2001, 2353)