Nev. Rev. Stat. § 163.405
Apportionment or allocation of receipts and expenses
Nevada · Nevada Revised Statutes Chapter 163 — Trusts · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 163.405, Apportionment or allocation of receipts and expenses, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086515
- Permanent ID
ys:prov:2086515@1- SHA-256
535303f2530b793cf2c7ea4233654b228ba306141f2738d82c7aaf87b6bcc023
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A fiduciary may determine:
1. What is principal and what is income of any estate or trust and may allocate or apportion receipts and expenses as between principal and income in the exercise of the fiduciary’s discretion, and, by way of illustration and no limitation of the fiduciary’s discretion, may charge premiums on securities purchased at a premium against principal or income or partly against each.
2. Whether to apply stock dividends and other noncash dividends to income or principal or apportion them as the fiduciary deems advisable.
3. What expenses, costs, taxes (other than estate, inheritance and succession taxes) and other governmental charges shall be charged against principal or income or apportioned between principal and income and in what proportions.