The settlor of a spendthrift trust has only those powers and rights that are conferred to the settlor by the trust instrument. An agreement or understanding, express or implied, between the settlor and the trustee that attempts to grant or permit the retention of greater rights or authority than is stated in the trust instrument is void.
(Added to NRS by 2011, 1480)
Structure Nevada Revised Statutes
Chapter 166 - Spendthrift Trusts
NRS 166.015 - Applicability of chapter; requirement of trustee if settlor is beneficiary of trust.
NRS 166.018 - "Settlor" defined.
NRS 166.020 - "Spendthrift trust" defined.
NRS 166.025 - Terms: "Writing" or "written."
NRS 166.045 - Powers of settlor.
NRS 166.050 - No specific language necessary for creation of trust.
NRS 166.070 - Principles enumerated in NRS 166.080 to 166.150, inclusive.
NRS 166.080 - Beneficiaries to be named.
NRS 166.090 - Provision for support.
NRS 166.110 - Discretion of trustee.
NRS 166.120 - Restraints on alienation; exclusive jurisdiction of court.
NRS 166.130 - Legal estate of beneficiary in corpus.
NRS 166.150 - Accumulation of income.
NRS 166.160 - Settlor may make different provisions.
NRS 166.180 - Trust administered under laws of another state or foreign jurisdiction.