Nev. Rev. Stat. § 163.025
Combining or dividing certain trusts
Nevada · Nevada Revised Statutes Chapter 163 — Trusts · Status: effective
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- Nev. Rev. Stat. § 163.025, Combining or dividing certain trusts, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086456
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1. Except as otherwise provided by the terms of the trust instrument, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts if the combination or division does not:
(a) Impair the rights of any beneficiary;
(b) Substantially affect the accomplishment of the purposes of the trust or trusts; or
(c) Violate the rule against perpetuities applicable to the trust or trusts.
2. If the terms of the trust instrument do not expressly authorize the combination or division of trusts, then the combination or division of trusts must be made by court order or after giving notice of the proposed action and following the procedure set forth in NRS 164.725. The notice of the proposed action must include a summary of the anticipated tax consequences, if any, of the proposed combination or division.