Nevada § 163.230 - Testamentary addition to trust

§ 163.230. Testamentary addition to trust

1. A devise, the validity of which is determinable by the law of this state, may be

made by a will to a trustee or trustees of a trust established or created by the testator,

or by the testator and some other person or persons, or by some other person or persons,

including a funded or unfunded life insurance trust, although the settlor has reserved

any or all rights of ownership of the insurance contracts, if the trust is identified

in the testator's will and the terms are set forth in a written instrument other than

a will, executed before or concurrently with the execution of the testator's will,

or in the valid last will of a person who has predeceased the testator, regardless

of the existence, size or character of the corpus of the trust. 2. The devise is not invalid because the trust is amendable or revocable, or both,

or because the trust was amended after the execution of the will or after the death

of the testator. 3. Unless the testator's will provides otherwise, the property so devised: (a) Shall not be deemed to be held under a testamentary trust of the testator but

is a part of the trust to which it is given; and (b) Must be administered and disposed of in accordance with the provisions of the

instrument or will setting forth the terms of the trust, including any amendments

thereto made before the death of the testator, regardless of whether made before or

after the execution of the testator's will, or any modifications or amendments whenever

made, which are made pursuant to the Charitable Trust Act of 1971, and, if the testator's

will so provides, including any amendments to the trust made after the death of the

testator. 4. A revocation or termination of the trust before the death of the testator causes

the devise to lapse.