Nevada § 150.340 Present and future estates: Charge of tax against corpus without apportionment

Nevada Statutes

§ 150.340 — Present and future estates: Charge of tax against corpus without apportionment

Nevada § 150.340

Title 12WILLS AND ESTATES OF DECEASED PERSONS

Ch. 150Compensation

APPORTIONMENT OF FEDERAL ESTATE TAX

This text of Nevada § 150.340 (Present and future estates: Charge of tax against corpus without apportionment) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 150.340 (2026).

Text

1.In cases where a trust is created, or other provision made whereby any person is given any interest in income, or an estate for years, or for life, or other temporary interest in any property or fund, the tax on both such temporary interest and on the remainder thereafter shall be charged against and paid out of the corpus of such property or fund without apportionment between remainders and temporary estates.

2.The provisions of subsection 1 shall apply notwithstanding that the holder of a temporary interest is given rights to the corpus, but shall not apply to a common-law annuity.

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1. In cases where a trust is created, or other provision made whereby any person is given any interest in income, or an estate for years, or for life, or other temporary interest in any property or fund, the tax on both such temporary interest and on the remainder thereafter shall be charged against and paid out of the corpus of such property or fund without apportionment between remainders and temporary estates.
2. The provisions of subsection 1 shall apply notwithstanding that the holder of a temporary interest is given rights to the corpus, but shall not apply to a common-law annuity.