Nevada § 163.405 Apportionment or allocation of receipts and expenses

Nevada Statutes

§ 163.405 — Apportionment or allocation of receipts and expenses

Nevada § 163.405

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 163Trusts

TRUST POWERS WHICH MAY BE INCLUDED IN A WILL OR AGREEMENT BY REFERENCE

This text of Nevada § 163.405 (Apportionment or allocation of receipts and expenses) 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. § 163.405 (2026).

Text

A fiduciary may determine:

1.What is principal and what is income of any estate or trust and may allocate or apportion receipts and expenses as between principal and income in the exercise of the fiduciary’s discretion, and, by way of illustration and no limitation of the fiduciary’s discretion, may charge premiums on securities purchased at a premium against principal or income or partly against each.

2.Whether to apply stock dividends and other noncash dividends to income or principal or apportion them as the fiduciary deems advisable.

3.What expenses, costs, taxes (other than estate, inheritance and succession taxes) and other governmental charges shall be charged against principal or income or apportioned between principal and income and in what proportions.

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A fiduciary may determine:
1. What is principal and what is income of any estate or trust and may allocate or apportion receipts and expenses as between principal and income in the exercise of the fiduciary’s discretion, and, by way of illustration and no limitation of the fiduciary’s discretion, may charge premiums on securities purchased at a premium against principal or income or partly against each.
2. Whether to apply stock dividends and other noncash dividends to income or principal or apportion them as the fiduciary deems advisable.
3. What expenses, costs, taxes (other than estate, inheritance and succession taxes) and other governmental charges shall be charged against principal or income or apportioned between principal and income and in what proportions.