Nevada Revised Statutes 166.020 – ‘Spendthrift trust’ defined
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‘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.
Terms Used In Nevada Revised Statutes 166.020
- 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