Nevada § 164.720 - Trust having two or more beneficiaries; impartial administration of trust or estate
Full text of Nevada Nevada Revised Statutes § 164.720 — Trust having two or more beneficiaries; impartial administration of trust or estate, with citation guidance and answers to common questions.
§ 164.720. Trust having two or more beneficiaries; impartial administration of trust or estate
1. If a trust has two or more beneficiaries, the trustee shall act impartially in
investing and managing the trust property, taking into account any differing interests
of the beneficiaries. 2. In exercising the power to adjust under NRS 164.795 or 164.796 or a discretionary power of administration regarding a matter within the scope of NRS 164.780 to 164.925 , inclusive, whether granted by the terms of a trust, a will or NRS 164.780 to 164.925 , inclusive, a fiduciary shall administer a trust or estate impartially, based on
what is fair and reasonable to all the beneficiaries, except to the extent that the
terms of the trust or the will clearly manifest an intention that the fiduciary shall
or may favor one or more of the beneficiaries. A determination in accordance with NRS 164.780 to 164.925 , inclusive, is presumed to be fair and reasonable to all the beneficiaries.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.720
What does Nevada Revised Statutes § 164.720 cover?
Section 164.720 ("Trust having two or more beneficiaries; impartial administration of trust or estate") 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 § 164.720?
A common citation format is "Nevada Revised Statutes § 164.720" (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 § 164.720 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.