Nevada Revised Statutes 163.4187 – Support interest: Beneficiary has enforceable right to distribution; court review
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1. A beneficiary of a support interest has an enforceable right to distribution thereof and may petition a court for review of the distribution.
Terms Used In Nevada Revised Statutes 163.4187
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
2. A court may review a trustee‘s decision to distribute a support interest for unreasonableness, dishonesty, improper motivation or failure to act.