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NRS 166.100

Income

Applied in 2 court decisions — leading case Ambrose v. First National Bank of Nevada (1971)

Most recently applied in In Re Shuman (December 1986)

[Part 5:86:1939; 1931 NCL § 6880.04]

Provision for the beneficiary will extend to all of the income from the trust estate, devoted for that purpose by the creator of the trust, without exception or deduction, other than for:

1. Costs or fees regularly earned, paid or incurred by the trustee for administration of or protection of the trust estate;

2. Taxes on the same; or

3. Taxes on the interest of the beneficiary thereof.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.