Nevada § 163.590 - Disposition of trust property by reference to statement or list; requirements for admissibility of statement or list as evidence of intended disposition; uses of statement or list

§ 163.590. Disposition of trust property by reference to statement or list; requirements for admissibility of statement or list as evidence of intended disposition; uses of statement or list

1. Whether or not the provisions relating to electronic trusts apply, a trust may

refer to a written statement or list, including, without limitation, a written statement

or list contained in an electronic record, to dispose of items of trust property not

otherwise specifically disposed of by the trust. 2. To be admissible as evidence of the intended disposition, the statement or list

must contain: (a) The date of its execution. (b) A title indicating its purpose. (c) A reference to the trust to which it relates. (d) A reasonably certain description of the items to be disposed of and the beneficiaries. (e) The handwritten signature or electronic signature of the settlor. 3. The statement or list may be: (a) Referred to as a writing to be in existence at the death of the settlor. (b) Prepared before or after the execution of the trust instrument. (c) Altered by the settlor after its preparation. (d) A writing which has no significance apart from its effect upon the dispositions

made by the trust. 4. Except as otherwise provided in this subsection, the statement or list may be used

to dispose of all items of trust property, regardless of whether the trust property

is real or personal property or tangible or intangible property. The trust instrument may limit the use of the statement or list so that the statement

or list: (a) Is expressly limited to tangible personal property; (b) Cannot be used to direct the disposition of trust property that is above a value

specified by the trust instrument; or (c) Is not applicable to certain types of property, including, without limitation: (1) Money; (2) Evidences of indebtedness; (3) Documents of title; (4) Securities; and (5) Property used in a trade or business.