Nevada Revocable Living Trust Form

4.8 Stars | 10 Ratings

Updated June 29, 2022

The Nevada revocable living trust form enables the creator (referred to as the Grantor) to place their assets into a Trust so that their heirs can avoid probate at the time of the estate’s distribution. While in some cases it can be more cost-effective to use a standard Will than to opt for a living trust, the legal costs of maintaining a trust are often dramatically lower than the percentages demanded by the executors of a Will. During the Grantor’s lifetime, they will continue to benefit from their assets and income, and only at the time of their death or incapacitation the Trust Estate will be divided amongst the Beneficiaries. In addition to bypassing the probate process, the division of a living trust, unlike that of a Will, is kept private. Furthermore, a revocable living trust may be revoked or amended by the Grantor at any time.

Laws – NRS 163.004

 How to Write

Step 1 – Download in Adobe PDFMicrosoft Word (.docx), or Open Document Text (.odt).

Step 2 – Once you have opened the document, you can either print it off to be completed by hand or fill it out on your computer. Provide the following information into the indicated fields on the first page of the document:

  • Grantor’s name
  • Date
  • Grantor’s name
  • Grantor’s mailing address
  • Trustee’s name
  • Trustee’s mailing address

Step 3 – Enter the “Name of the Trust” and select the appropriate checkbox to indicate whether or not this is a new Living Trust.

Step 4 – On Page 3 of the form, under “Article 4,” section “A,” enter any “Specific Distributions” that will be made in the Trust by describing each applicable property and provide the name of the individual or organization to which it will be distributed.

Step 5 – Next, in section “B,” indicate whether all personal property will be given to “The Beneficiaries” or to a specific individual. If the personal property is being given to one individual, enter their name, address, and SSN or TIN.

Step 6 – For trusts that include one or more pets, the names and addresses of a Pet Caretaker and an Alternate Pet Caretaker must be given under “Article 4,” section “C.”

Step 7 – If there is a Pet Trust, under “ii,” you will have to indicate whether any funding is going to be provided for the Pet Caretaker. If funding is being provided by the Trust, the dollar amount allotted for said funding and the duration of time that the pet must be cared for must be provided.

Step 8 – For any Trusts which include pets, a “3rd Party Enforcer” should be appointed to monitor the Pet Trust and their name and address provided under “iii.”

Step 9 – Next, under section “D” of “Article 4,” you will need to enter the name, SSN (or TIN), and address of the Trust’s Beneficiaries. You may include up to four (4) Beneficiaries.

Step 10 – Moving on to Page 11 of the document, locate “Article 10.” There, you will need to enter the amount of time that Beneficiaries must wait after the Trust’s creation to have an accounting of the Trust’s assets.

Step 11 – On the next page, beneath “Article 13,” provide the names and addresses for the appointed Successor Trustee and the 2nd Successor Trustee.

Step 12 – At the bottom of page 14, in section “I,” select the appropriate checkbox to indicate whether the Trustee will be paid a reasonable fee or not.

Step 13 – On the next page, enter the number of days after the Grantor’s death that survivors must wait to claim or benefit from the Trust.

Step 14 – In “Article 17,” you will have to indicate whether or not the Grantor is married, and if so, what the name of the Grantor’s Spouse is.

On the following page (page 16), you are asked to decide which estate will benefit from the other in the event that neither the Grantor nor the Grantor’s Spouse can be identified as having died first. Select “Grantor Dies First” if the spouse’s estate is to benefit and “Grantor Dies Second” if the Grantor’s estate is to benefit.

Step 15 – In “Article 18,” you will need to provide the names of the Grantor’s children (if they have any).

Step 16 – If there are any individuals and/or organizations which are to be excluded from this Trust, enter their name(s) beneath “Article 21.”

Step 17 – Next, on page 17, the signature, printed name, and the date of signing must be provided by the Grantor, the Trustee, and the Successor Trustee.

Step 18 – On the next page, you will need to complete the “Self-Proving Affidavit” by having the following information and credentials provided:

  • State
  • County
  • Grantor’s signature plus the date
  • Trustee’s signature plus the date
  • Successor Trustee’s signature plus the date
  • 2nd Successor Trustee’s signature plus the date
  • Witness signature plus the date
  • 2nd Witness signature plus the date

Step 19 – The “Notary Acknowledgement” beneath that, is optional, but recommended. This section must be completed by a Notary Public in order for the Trust to be notarized.

  • Date of witness
  • Name of Grantor
  • Commission expiry date
  • Notary’s signature
  • Notary’s printed name

Step 20 – On the final page of the Trust document, provide a list of all of the assets which are to be included in the Trust Estate.