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)
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