“Spendthrift trust” means a trust in which by the terms thereof a valid restraint on the voluntary and involuntary transfer of the interest of the beneficiary is imposed. It is an active trust not governed or executed by any use or rule of law of uses.
NRS 166.020
“Spendthrift trust” defined
Applied in 3 court decisions — leading case Ambrose v. First National Bank of Nevada (1971)
Most recently applied in IN RE: FREI IRREVOCABLE TRUST (March 2017)
[1:86:1939; 1931 NCL § 6880]—(NRS A 2019, 1874)
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.