2013 Nevada Revised Statutes
Chapter 163 - Trusts
NRS 163.002 - Creation: Methods.


NV Rev Stat § 163.002 (2013) What's This?

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)

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