Except as otherwise provided in a will establishing a testamentary trust, a person holding a power of appointment pursuant to a testamentary trust does not owe a fiduciary duty to any person and is not liable to any person with respect to the exercise or nonexercise of the power of appointment.
(Added to NRS by 2011, 1458)
Structure Nevada Revised Statutes
Chapter 153 - Administration of Trusts; Estates for Life and Years
NRS 153.010 - Applicability of chapter.
NRS 153.020 - Retention of jurisdiction by court after final distribution.
NRS 153.041 - Accounting by trustee.
NRS 153.050 - Accountings by life tenants and tenants for years.
NRS 153.070 - Expenses and compensation of trustees.
NRS 153.080 - Conclusiveness of order.
NRS 153.090 - Declination or resignation of person named or designated trustee: Procedure.
NRS 153.100 - Appointment to fill vacancy.