Nevada § 163.006 Creation: Beneficiary

Nevada Statutes

§ 163.006 — Creation: Beneficiary

Nevada § 163.006

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 163Trusts

CREATION AND VALIDITY OF TRUSTS

This text of Nevada § 163.006 (Creation: Beneficiary) 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. § 163.006 (2026).

Text

A trust is created only if there is a beneficiary. This requirement is satisfied if the trust instrument provides for:

1.A beneficiary or class of beneficiaries that is ascertainable with reasonable certainty or that is sufficiently described so that it can be determined whether a person meets the description or is within the class;

2.A grant of power to the trustee or some other person to select the beneficiary based on a standard or in the discretion of the trustee or other person;

3.A charitable trust as defined in NRS 163.460 ;

4.A trust for the care of one or more animals created pursuant to NRS 163.0075 ;

5.A public benefit trust as defined in NRS 163.551 ; or

6.A noncharitable trust without an ascertainable beneficiary pursuant to NRS 163.5505 .

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A trust is created only if there is a beneficiary. This requirement is satisfied if the trust instrument provides for:
1. A beneficiary or class of beneficiaries that is ascertainable with reasonable certainty or that is sufficiently described so that it can be determined whether a person meets the description or is within the class;
2. A grant of power to the trustee or some other person to select the beneficiary based on a standard or in the discretion of the trustee or other person;
3. A charitable trust as defined in NRS 163.460 ;
4. A trust for the care of one or more animals created pursuant to NRS 163.0075 ;
5. A public benefit trust as defined in NRS 163.551 ; or
6. A noncharitable trust without an ascertainable beneficiary pursuant to NRS 163.5505 .