Nevada Revised Statutes
Nev. Rev. Stat. § 153.070 (2026)
Expenses and compensation of trustees
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NRS 153.070 Expenses and compensation of trustees. The
expenses and compensation of a trustee of a testamentary trust must initially
be governed by the terms of the will which created the testamentary trust or as
otherwise ordered by the court at the time the testamentary trust is
established. Thereafter, subject to any contrary terms of the testamentary
trust or an order of the court, the court shall allow the trustee his or her
proper expenses and such compensation for services as are just and reasonable. Where
there are several trustees, compensation must be apportioned among the trustees
according to the respective services rendered, and such compensation may be a
fixed yearly compensation for each trustee, a set amount for the term of
service, an hourly rate for services rendered or pursuant to a standard
schedule of fees. The provisions of this section must not be interpreted to
abridge the authority of a court having jurisdiction over a testamentary trust
pursuant to NRS 153.020 or 164.010 to review and settle the expenses
and compensation of the trustee of a testamentary trust upon the petition of
any interested person.
[246:107:1941; 1931 NCL § 9882.246]—(NRS A 1987, 511; 2017, 1684)
Notes of Decisions
Cited in 1
case, 1965–1965 · leading case: Harvey v. Streeter, 400 P.2d 761 (Nev. 1965).
Harvey v. Streeter, 400 P.2d 761 (Nev. 1965). “Our own statutes on the administration of trusts provide, NRS 153.070: “On the settlement of each account of a trustee the court shall allow the trustee his proper expenses and such compensation for services as the court shall deem just and reasonable.”
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