Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 165.148. Personal liability of trustee for failing to provide account; exceptions

1. Unless the court determines that the trustee was acting in good faith, a trustee who fails to provide an account pursuant to the terms of the trust instrument, or when required pursuant to the provision of this chapter, is personally liable to each person entitled to receive an account who demanded the account in writing pursuant to this chapter or all costs reasonably incurred by each such person to enforce the terms of the trust or this chapter, including, without limitation, reasonable attorney's fees and court costs. The trustee shall not expend trust funds to satisfy the trustee's personal liability imposed under this subsection.

2. Notwithstanding subsection 1, if the trustee's failure to account is based upon good cause due to the trustee's reasonable uncertainty as to the beneficiary's right to an account or by a provision in the trust instrument that specifically restricts or prohibits the trustee from providing an account to a beneficiary who is otherwise entitled to an account, then the trustee may, at the expense of the trust estate, bring a petition for instructions before the court to confirm: