{"data":{"id":"us-nv/nrs-164.710","jurisdiction":"us-nv","citation":"NRS 164.710","heading":"Administration of trust or estate by fiduciary in accordance with its terms or in accordance with provisions of NRS.","body":"In performing his or her duties under NRS 164.700 to 164.925, inclusive, a fiduciary:\n1. Shall administer a trust or estate in accordance with the terms of the trust or the will, even if there is a different provision in NRS 164.700 to 164.925, inclusive;\n2. May administer a trust or estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will, even if the exercise of the power produces a result different from a result required or permitted by NRS 164.700 to 164.925, inclusive; and\n3. Shall administer a trust or estate in accordance with NRS 164.700 to 164.925, inclusive, if the terms of the trust or the will do not contain a different provision or do not give the fiduciary a discretionary power of administration.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 164 - ADMINISTRATION OF TRUSTS","MANAGEMENT AND INVESTMENT OF PROPERTY","Prudent Investor (Uniform Act)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-164.html#NRS164Sec710","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"029d65a72046993659a3122333445dd687f77933865bccba150256b97e7f1980","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.705","next":"us-nv/nrs-164.715"},"notice":"GroundRules: Original legal text. Not legal advice."}