{"data":{"id":"us-nv/nrs-162a.550","jurisdiction":"us-nv","citation":"NRS 162A.550","heading":"Estates, trusts and other beneficial interests.","body":"1. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to estates, trusts and other beneficial interests authorizes the agent to:\n(a) Accept, receive, receipt for, sell, assign, pledge or exchange a share in or payment from the fund;\n(b) Demand or obtain money or another thing of value to which the principal is, may become or claims to be entitled by reason of the fund, by litigation or otherwise;\n(c) Exercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;\n(d) Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to ascertain the meaning, validity or effect of a deed, will, declaration of trust, or other instrument or transaction affecting the interest of the principal;\n(e) Initiate, participate in, submit to alternative dispute resolution, settle, oppose, propose or accept a compromise with respect to litigation to remove, substitute or surcharge a fiduciary;\n(f) Conserve, invest, disburse or use anything received for an authorized purpose; and\n(g) Transfer an interest of the principal in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities and other property to the trustee of a revocable trust created by the principal as settlor or grantor.\n2. As used in this section, “estates, trusts and other beneficial interests” means a trust, probate estate, escrow, custodianship or fund from which the principal is, may become or claims to be entitled to a share or payment.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 162A - POWER OF ATTORNEY FOR FINANCIAL MATTERS AND DURABLE POWER OF ATTORNEY FOR HEALTH CARE DECISIONS","POWER OF ATTORNEY (UNIFORM ACT)","Authority"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-162A.html#NRS162ASec550","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"0a9610ede63945600628b065f3cb37e60fabe12a58066016bcb14e394ecc8714","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-162a.540","next":"us-nv/nrs-162a.560"},"notice":"GroundRules: Original legal text. Not legal advice."}