Nevada § 163.006 - Creation: Beneficiary
Full text of Nevada Nevada Revised Statutes § 163.006 — Creation: Beneficiary, with citation guidance and answers to common questions.
§ 163.006. Creation: Beneficiary
A trust is created only if there is a beneficiary. This requirement is satisfied if the trust instrument provides for: 1. A beneficiary or class of beneficiaries that is ascertainable with reasonable certainty
or that is sufficiently described so that it can be determined whether a person meets
the description or is within the class; 2. A grant of power to the trustee or some other person to select the beneficiary
based on a standard or in the discretion of the trustee or other person; 3. A charitable trust as defined in NRS 163.460 ; 4. A trust for the care of one or more animals created pursuant to NRS 163.0075 ; 5. A public benefit trust as defined in NRS 163.551 ; or 6. A noncharitable trust without an ascertainable beneficiary pursuant to NRS 163.5505 .
Frequently Asked Questions About Nevada § 163.006
What does Nevada Revised Statutes § 163.006 cover?
Section 163.006 ("Creation: Beneficiary") 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 § 163.006?
A common citation format is "Nevada Revised Statutes § 163.006" (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 § 163.006 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.