163.002 - Creation: Methods. - Nevada Statutes

163.002  Creation: Methods.  Except as otherwise provided by specific statute, a trust may be created by any of the following methods:

      1.  A declaration by the owner of property that he or she holds the property as trustee.

      2.  A transfer of property by the owner during his or her lifetime to another person as trustee.

      3.  A testamentary transfer of property by the owner to another person as trustee.

      4.  An exercise of a power of appointment in trust.

      5.  An enforceable promise to create a trust.

      (Added to NRS by 1991, 1704; A 2009, 792)