Nevada Revised Statutes
Chapter 166A - Custodial Trusts (Uniform Act)
NRS 166A.220 - Multiple beneficiaries; separate custodial trusts; survivorship.


1. Beneficial interests in a custodial trust created for multiple beneficiaries are deemed to be separate custodial trusts of equal undivided interests for each beneficiary. Except in a transfer or declaration for use and benefit of a married couple, for whom survivorship is presumed, a right of survivorship does not exist unless the instrument creating the custodial trust specifically provides for survivorship or survivorship is required as to community or marital property.
2. Custodial trust property held under this chapter by the same custodial trustee for the use and benefit of the same beneficiary may be administered as a single custodial trust.
3. A custodial trustee of custodial trust property held for more than one beneficiary shall separately account to each beneficiary pursuant to NRS 166A.230 and 166A.310 for the administration of the custodial trust.
(Added to NRS by 2007, 287; A 2017, 786)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 166A - Custodial Trusts (Uniform Act)

NRS 166A.010 - Short title.

NRS 166A.020 - Definitions.

NRS 166A.030 - Adult" defined.

NRS 166A.040 - Beneficiary" defined.

NRS 166A.050 - Conservator" defined.

NRS 166A.060 - Court" defined.

NRS 166A.070 - Custodial trust property" defined.

NRS 166A.080 - Custodial trustee" defined.

NRS 166A.090 - Guardian" defined.

NRS 166A.100 - Incapacitated" defined.

NRS 166A.110 - Legal representative" defined.

NRS 166A.120 - Member of the beneficiary’s family" defined.

NRS 166A.130 - Person" defined.

NRS 166A.140 - Personal representative" defined.

NRS 166A.150 - State" defined.

NRS 166A.160 - Transferor" defined.

NRS 166A.170 - Trust company" defined.

NRS 166A.180 - Custodial trust; general.

NRS 166A.190 - Custodial trustee for future payment or transfer.

NRS 166A.200 - Form and effect of receipt and acceptance by custodial trustee; jurisdiction.

NRS 166A.210 - Transfer to custodial trustee by fiduciary or obligor; facility of payment.

NRS 166A.220 - Multiple beneficiaries; separate custodial trusts; survivorship.

NRS 166A.230 - General duties of custodial trustee.

NRS 166A.240 - General powers of custodial trustee.

NRS 166A.250 - Use of custodial trust property.

NRS 166A.260 - Determination of incapacity; effect.

NRS 166A.270 - Exemption of third person from liability.

NRS 166A.280 - Liability to third person.

NRS 166A.290 - Declination, resignation, incapacity, death or removal of custodial trustee; designation of successor custodial trustee.

NRS 166A.300 - Expenses, compensation and bond of custodial trustee.

NRS 166A.310 - Reporting and accounting by custodial trustee; determination of liability of custodial trustee.

NRS 166A.320 - Limitations of action against custodial trustee.

NRS 166A.330 - Distribution on termination.

NRS 166A.340 - Methods and forms for creating custodial trusts.

NRS 166A.350 - Applicable law.

NRS 166A.360 - Uniformity of application and construction.