A trust is created only if there is a beneficiary. This requirement is satisfied if the trust instrument provides for: 1. A beneficiary or class of beneficiaries that is ascertainable with reasonable certainty or that is sufficiently described so that it can be determined whether a person meets the description or is within the class; 2. A grant of power to the trustee or some other person to select the beneficiary based on a standard or in the discretion of the trustee or other person; 3. A charitable trust as defined in NRS 163.460; 4. A trust for the care of one or more animals created pursuant to NRS 163.0075; 5. A public benefit trust as defined in NRS 163.551; or 6. A noncharitable trust without an ascertainable beneficiary pursuant to NRS 163.5505. (Added to NRS by 1991, 1704; A 2015, 3542; 2017, 1688)
Nevada Legal Code