{"data":{"id":"us-nv/nrs-164.799","jurisdiction":"us-nv","citation":"NRS 164.799","heading":"Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust.","body":"A trustee or a beneficiary of a unitrust may petition the court to:\n1. Select an income distribution percentage different from 3 to 5 percent.\n2. Provide for a distribution of net income as would be determined if the trust were not a unitrust, in excess of the unitrust distribution if such distribution is necessary to preserve a tax benefit.\n3. Average the value of the trust assets over a period other than 3 years.\n4. Reconvert a unitrust to a trust.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 164 - ADMINISTRATION OF TRUSTS","MANAGEMENT AND INVESTMENT OF PROPERTY","Principal and Income (Uniform Act)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-164.html#NRS164Sec799","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"452dfefdd8c7da31b1966a144ad8f0063044239133f0a13186fed9791ac57a3a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.798","next":"us-nv/nrs-164.800"},"notice":"GroundRules: Original legal text. Not legal advice."}