Nevada Revised Statutes 163.430 – Declaration of policy
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The legislature hereby declares that the policy of the State is to maximize the funds available for charitable purposes by minimizing, to the greatest extent practicable, the imposition of federal income and excise taxes upon trust assets otherwise available for charitable purposes.
Terms Used In Nevada Revised Statutes 163.430
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.