Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER163. Trusts |
CREATION AND VALIDITY OF TRUSTS |
NRS163.002. Creation: Methods.
Latest version.
- Except as otherwise provided by specific statute, a trust may be created by any of the following methods:
1. A declaration by the owner of property that he or she holds the property as trustee.
2. A transfer of property by the owner during his or her lifetime to another person as trustee.
3. A testamentary transfer of property by the owner to another person as trustee.
4. An exercise of a power of appointment in trust.
5. An enforceable promise to create a trust.
(Added to NRS by 1991, 1704; A 2009, 792)