Nevada § 162A.550 Estates, trusts and other beneficial interests

Nevada Statutes

§ 162A.550 — Estates, trusts and other beneficial interests

Nevada § 162A.550

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 162APower

Authority

This text of Nevada § 162A.550 (Estates, trusts and other beneficial interests) 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. § 162A.550 (2026).

Text

1. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to estates, trusts and other beneficial interests authorizes the agent to:

(a)Accept, receive, receipt for, sell, assign, pledge or exchange a share in or payment from the fund;

(b)Demand or obtain money or another thing of value to which the principal is, may become or claims to be entitled by reason of the fund, by litigation or otherwise;

(c)Exercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;

(d)Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to ascertain the meaning, validity or effect of a deed, will,

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1. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to estates, trusts and other beneficial interests authorizes the agent to:
(a) Accept, receive, receipt for, sell, assign, pledge or exchange a share in or payment from the fund;
(b) Demand or obtain money or another thing of value to which the principal is, may become or claims to be entitled by reason of the fund, by litigation or otherwise;
(c) Exercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;
(d) Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to ascertain the meaning, validity or effect of a deed, will, declaration of trust, or other instrument or transaction affecting the interest of the principal;
(e) Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to remove, substitute or surcharge a fiduciary;
(f) Conserve, invest, disburse or use anything received for an authorized purpose; and
(g) Transfer an interest of the principal in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities and other property to the trustee of a revocable trust created by the principal as settlor or grantor.
2. As used in this section, “estates, trusts and other beneficial interests” means a trust, probate estate, escrow, custodianship or fund from which the principal is, may become or claims to be entitled to a share or payment.