Nevada § 164.043 - Expenses and compensation of trustees
Full text of Nevada Nevada Revised Statutes § 164.043 — Expenses and compensation of trustees, with citation guidance and answers to common questions.
§ 164.043. Expenses and compensation of trustees
1. The expenses and compensation of a trustee of a nontestamentary trust must initially
be governed by the terms of the nontestamentary trust. Thereafter, subject to any contrary terms of the nontestamentary trust, the court
shall allow the trustee his or her proper expenses and such compensation for services
as are just and reasonable. 2. Where there are several trustees, compensation must be apportioned among the trustees
according to the respective services rendered, and such compensation may be: (a) A fixed yearly compensation for each trustee; (b) A set amount for the term of service; (c) An hourly rate for services rendered; or (d) Pursuant to a standard schedule of fees. 3. The provisions of this section must not be interpreted to abridge the authority
of a court having jurisdiction over a testamentary trust pursuant to NRS 153.020 or 164.010 to review and settle the expenses and compensation of the trustee of a testamentary
trust upon the petition of any interested person. 4. As used in this section, “nontestamentary trust” has the meaning ascribed to it
in NRS 163.0016 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.043
What does Nevada Revised Statutes § 164.043 cover?
Section 164.043 ("Expenses and compensation of trustees") 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 § 164.043?
A common citation format is "Nevada Revised Statutes § 164.043" (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 § 164.043 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.