2017 Nevada Revised Statutes
Chapter 163 - Trusts
NRS 163.002 - Creation: Methods; certain property deemed trust property.
1. A declaration by the owner of property that he or she holds the property as trustee. In the absence of a contrary declaration by the owner of the property or of a transfer of the property to a third party and regardless of formal title to the property:
(a) Property declared to be trust property, together with all income therefrom and the reinvestment thereof, must remain trust property; and
(b) If the property declared to be trust property includes an account, contract, certificate, note, judgment, business interest, contents of a safe deposit box or other property interest that is subject to additions or contributions, all subsequent additions and contributions to the property are also trust property.
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; 2015, 3541)