Title 12

NRS 153.050 Accountings by life tenants and tenants for years. 1. If by law, or by the terms of an instrument creating a life estate or an estate for years, the tenant is required to account for use of the property of the estate, then the provisions of this chapter concerning acc…

NRS 153.060 Petition for distribution of residue of trust estate, estate for life or estate for years: Notice. If a petition is filed for distribution of the residue of the trust estate, estate for life or estate for years to those entitled thereto, the clerk shall set the petiti…

NRS 153.070 Expenses and compensation of trustees. The expenses and compensation of a trustee of a testamentary trust must initially be governed by the terms of the will which created the testamentary trust or as otherwise ordered by the court at the time the testamentary trust i…

NRS 153.080 Conclusiveness of order. An order entered under the provisions of this chapter, when it becomes final, is conclusive upon all interested persons, whether or not they are competent or in being. [247:107:1941; 1931 NCL § 9882.247]—(NRS A 1999, 2353)

NRS 153.090 Declination or resignation of person named or designated trustee: Procedure. 1. A person named or designated as a trustee of a testamentary trust in a will may, at any time before distribution of any of the estate to the person, decline to act as trustee, and an order…

NRS 153.100 Appointment to fill vacancy. 1. The court in which the administration is pending may, at any time before final distribution of the trust, appoint a qualified person to fill a vacancy in the office of trustee under the will, whether resulting from death, declination, r…

NRS 153.120 Bond of trustee. The court may require a person appointed as trustee, before acting as a trustee, to give a bond as is required of a personal representative. If a bond is required, the trustee must be allowed the cost of the bond out of the trust estate. [251:107:1941…

NRS 153.130 Effect of power of appointment. Except as otherwise provided in a will establishing a testamentary trust, a person holding a power of appointment pursuant to a testamentary trust does not owe a fiduciary duty to any person and is not liable to any person with respect …