Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust.

Nev. Rev. Stat. § 164.799
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A trustee or a beneficiary of a unitrust may petition the court to: 1. Select an income distribution percentage different from 3 to 5 percent. 2. Provide for a distribution of net income as would be determined if the trust were not a unitrust, in excess of the unitrust distribution if such distribution is necessary to preserve a tax benefit. 3. Average the value of the trust assets over a period other than 3 years. 4. Reconvert a unitrust to a trust.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-164.htmlFetched: 10/4/2026

Starting a business in Nevada? Nevada LLC guide: costs and requirements