Nevada § 162B.520 - Power to withdraw
Full text of Nevada Nevada Revised Statutes § 162B.520 — Power to withdraw, with citation guidance and answers to common questions.
§ 162B.520. Power to withdraw
1. For purposes of NRS 162B.500 to 162B.530 , inclusive, and except as otherwise provided in subsection 2, a power to withdraw
property from a trust is treated, during the time the power may be exercised, as a
presently exercisable general power of appointment to the extent of the property subject
to the power to withdraw. 2. On the lapse, release or waiver of a power to withdraw property from a trust, the
power is treated as a presently exercisable general power of appointment only to the
extent the value of the property affected by the lapse, release or waiver exceeds
the greater of the amount specified in 26 U.S.C. § 2041(b)(2) and 26 U.S.C. § 2514(e) or the amount specified in 26 U.S.C. § 2503(b) , as that section existed on October 1, 2017.
Frequently Asked Questions About Nevada § 162B.520
What does Nevada Revised Statutes § 162B.520 cover?
Section 162B.520 ("Power to withdraw") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 162B.520?
A common citation format is "Nevada Revised Statutes § 162B.520" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 162B.520 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.