163.4177 - Factors which must not be considered exercising improper dominion or control over trust. - Nevada Statutes

163.4177  Factors which must not be considered exercising improper dominion or control over trust.  If a party asserts that a beneficiary or settlor is exercising improper dominion or control over a trust, the following factors, alone or in combination, must not be considered exercising improper dominion or control over a trust:

      1.  A beneficiary is serving as a trustee.

      2.  The settlor or beneficiary holds unrestricted power to remove or replace a trustee.

      3.  The settlor or beneficiary is a trust administrator, general partner of a partnership, manager of a limited-liability company, officer of a corporation or any other manager of any other type of entity and all or part of the trust property consists of an interest in the entity.

      4.  The trustee is a person related by blood, adoption or marriage to the settlor or beneficiary.

      5.  The trustee is the settlor or beneficiary’s agent, accountant, attorney, financial adviser or friend.

      6.  The trustee is a business associate of the settlor or beneficiary.

      (Added to NRS by 2009, 786)