163.565 - Effect of divorce or annulment of marriage of settlor on revocable inter vivos trust. - Nevada Statutes

163.565  Effect of divorce or annulment of marriage of settlor on revocable inter vivos trust.  Divorce or annulment of the marriage of a settlor revokes every devise, beneficial interest or designation to serve as trustee given by the settlor to the former spouse of the settlor in a revocable inter vivos trust executed before the entry of the decree of divorce or annulment unless otherwise:

      1.  Provided in a property or separation agreement that is approved by the court in the divorce or annulment proceedings; or

      2.  Ordered by the court in the divorce or annulment proceedings,

Ê and the revocable inter vivos trust provisions take effect in the same manner as if the spouse had predeceased the trustor.

      (Added to NRS by 2003, 342)