A Nevada Trust Account Application is a form used in the creation of a trust in the state of Nevada. It is used to provide the necessary information to open the trust and to designate a trustee to manage it. It can also be used to establish a variety of different types of trusts, such as revocable, irrevocable, living, testamentary, special needs, and charitable trusts. The application typically requires the trust or (the person creating the trust) to provide information about their identity, the beneficiaries of the trust, the assets to be held within the trust, and the trustee’s duties and powers. Once the application is approved, the trust can be created, and the trustee can then begin managing the assets within it. There are two main types of Nevada Trust Account Applications: the Nevada Domestic Trust Application and the Nevada Foreign Trust Application. The former is used when the trust or and all beneficiaries are residents of Nevada, while the latter is used when either the trust or the beneficiary is a non-resident of Nevada.