2014 Nevada Revised Statutes
Chapter 164 - Administration of Trusts
NRS 164.799 - Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust.
A trustee or a beneficiary of a unitrust may petition the court to:
1. Select an income distribution percentage different from 3 to 5 percent.
2. Provide for a distribution of net income as would be determined if the trust were not a unitrust, in excess of the unitrust distribution if such distribution is necessary to preserve a tax benefit.
3. Average the value of the trust assets over a period other than 3 years.
4. Reconvert a unitrust to a trust.
(Added to NRS by 2009, 798)
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