Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 164.798. Administration of unitrust: Powers of trustee; manner of distributions

1. A trustee of a unitrust may, in the trustee's discretion, determine:

2. Expenses which would be deducted from income if the trust were not a unitrust may not be deducted from the unitrust distribution. Unless otherwise provided by the trust instrument, the unitrust distribution must be paid from income. To the extent income is insufficient to pay a distribution, the distribution must be paid from realized short-term capital gains. To the extent income and realized short-term capital gains are insufficient, the distribution must be paid from realized long-term capital gains. To the extent none of these funds are sufficient, the distribution must be paid from the principal of the trust.