Full Statute Name:  West's Nevada Revised Statutes Annotated. Title 13. Guardianships; Conservatorships; Trusts. Chapter 163. Trusts. Creation and Validity of Trusts. 163.0075. Validity of trust providing for care of one or more animals

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Primary Citation:  N. R. S. 163.0075 Country of Origin:  United States Last Checked:  December, 2014 Alternate Citation:  NV ST 163.0075 Date Adopted:  2001
Summary:

This Nevada statute allows for a trust created for the care of one or more animals that are alive at the time of the settlor's death (note the statute does not state "domestic" or "pet" animal). Such a trust terminates upon the death of all animals covered by the terms of the trust. It further provides that a settlor's expression of intent must be liberally construed in favor of the creation of such a trust.

Statute Text: 

1. A trust created for the care of one or more animals that are alive at the time of the settlor's death is valid. Such a trust terminates upon the death of all animals covered by the terms of the trust. A settlor's expression of intent must be liberally construed in favor of the creation of such a trust.

2. Except as otherwise provided in this subsection, property of a trust described in subsection 1 may not be used in a manner inconsistent with its intended use. Except as otherwise directed by the terms of the trust, if a court determines that the value of a trust described in subsection 1 exceeds the amount required to care for the animal beneficiary, the excess amount must be distributed to the person who would have taken the trust property if the trust had terminated on the date of the distribution.

3. The intended use of a trust described in subsection 1 may be enforced by the trustee or, if a trustee was not designated, by a person appointed by the court to act as the trustee. A person having a demonstrated interest in the welfare of the animal beneficiary may petition the court for an order to appoint himself as trustee or to remove the trustee. The court shall give preference for appointment to a person who demonstrates such an interest.

CREDIT(S)

Added by Laws 2001, c. 203, ยง 1, eff. Oct. 1, 2001.

 

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