1. A personal representative or trustee may make an irrevocable transfer pursuant to the provisions of this chapter to a custodian for the benefit of a minor as authorized in the governing will or trust.
2. If the testator or settlor has nominated a custodian to receive the custodial property, the transfer must be made to that person.
3. If the testator or settlor has not nominated a custodian, or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, the personal representative or the trustee shall designate the custodian from among those eligible to serve as custodian for property of that kind.
(Added to NRS by 1985, 67)
Structure Nevada Revised Statutes
Chapter 167 - Transfers to Minors (Uniform Act)
NRS 167.021 - Applicability; custodian subject to personal jurisdiction.
NRS 167.023 - Transfer by gift or exercise of power of appointment.
NRS 167.025 - Transfer authorized in will or trust.
NRS 167.027 - Transfer not authorized in will or trust; transfer by conservator.
NRS 167.029 - Transfer by debtor or person holding property of minor.
NRS 167.030 - Creation of custodial property; manner of making transfer.
NRS 167.033 - Nomination of custodian to serve upon future event.
NRS 167.034 - Delay of time for certain transfers; requirements.
NRS 167.035 - Validity of transfer.
NRS 167.040 - Effect of transfer.
NRS 167.043 - Acknowledgment of delivery of custodial property.
NRS 167.045 - Rights of custodian.
NRS 167.050 - Duties and powers of custodian.
NRS 167.055 - Delivery, payment or expenditure of custodial property for benefit of minor.
NRS 167.060 - Expenses, compensation and bond of custodian.
NRS 167.070 - Exemption of third persons from liability.
NRS 167.085 - Claims against custodial property; liability of custodian and minor.