Nevada § 163.610 Trustee authorized to include certain capital gains in distributable net income in certain circumstances

Nevada Statutes

§ 163.610 — Trustee authorized to include certain capital gains in distributable net income in certain circumstances

Nevada § 163.610

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 163Trusts

MISCELLANEOUS PROVISIONS

This text of Nevada § 163.610 (Trustee authorized to include certain capital gains in distributable net income in certain circumstances) 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. § 163.610 (2026).

Text

Unless otherwise provided by the trust instrument, a trustee may include capital gains from the sale or exchange of capital assets in distributable net income to the extent the gains are, in a reasonable and impartial exercise of discretion by the trustee, allocated to:

1.Income pursuant to the power of the trustee to adjust between principal and income pursuant to NRS 164.795 ;

2.Principal and treated consistently by the trustee in the books, records and tax returns of the trust as part of the distribution to a beneficiary; or

3.Principal but distributed to a beneficiary or utilized by the trustee in determining the amount that is distributed or required to be distributed to a beneficiary.

Free access — add to your briefcase to read the full text and ask questions with AI

Unless otherwise provided by the trust instrument, a trustee may include capital gains from the sale or exchange of capital assets in distributable net income to the extent the gains are, in a reasonable and impartial exercise of discretion by the trustee, allocated to:
1. Income pursuant to the power of the trustee to adjust between principal and income pursuant to NRS 164.795 ;
2. Principal and treated consistently by the trustee in the books, records and tax returns of the trust as part of the distribution to a beneficiary; or
3. Principal but distributed to a beneficiary or utilized by the trustee in determining the amount that is distributed or required to be distributed to a beneficiary.