Petition by trustee or beneficiary concerning affairs of trust: Purposes of petition; contents; notice and hearing.
1. A trustee or beneficiary may petition the court regarding any aspect of the affairs of the trust, including:
(a) Determining the existence of the trust;
(b) Determining the construction of the trust instrument;
(c) Determining the existence of an immunity, power, privilege, right or duty;
(d) Determining the validity of a provision of the trust;
(e) Ascertaining beneficiaries and determining to whom property is to pass or be delivered upon final or partial termination of the trust, to the extent not provided in the trust instrument;
(f) Settling the accounts and reviewing the acts of the trustee, including the exercise of discretionary powers;
(g) Instructing the trustee;
(h) Compelling the trustee to report information about the trust or account, to the beneficiary;
(i) Granting powers to the trustee;
(j) Fixing or allowing payment of the trustee’s compensation, or reviewing the reasonableness of his compensation;
(k) Appointing or removing a trustee;
(l) Accepting the resignation of a trustee;
(m) Compelling redress of a breach of the trust;
(n) Approving or directing the modification or termination of the trust;
(o) Approving or directing the combination or division of trusts; and
(p) Amending or conforming the trust instrument in the manner required to qualify the estate of a decedent for the charitable estate tax deduction under federal law, including the addition of mandatory requirements for a charitable-remainder trust.
2. A petition under this section must state the grounds of the petition and the name and address of each interested person, including the attorney general if the petition relates to a charitable trust, and the relief sought by the petition. Except as otherwise provided in this chapter, the clerk shall set the petition for hearing and the petitioner shall give notice for the period and in the manner provided in NRS 155.010. The court may order such further notice to be given as may be proper.
Last modified: February 25, 2006