LegalFix
Sign In

NRS 111.721 - “Nonprobate transfer” defined.

NV Rev Stat § 111.721 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. “Nonprobate transfer” means a transfer of any property or interest in property from a decedent to one or more other persons by operation of law or by contract that is effective upon the death of the decedent and includes, without limitation:

(a) A transfer by right of survivorship, including a transfer pursuant to subsection 1 of NRS 115.060;

(b) A transfer by deed upon death pursuant to NRS 111.655 to 111.699, inclusive; and

(c) A security registered as transferable on the death of a person.

2. The term does not include:

(a) Property that is subject to administration in probate of the estate of the decedent;

(b) Property that is set aside, without administration, pursuant to NRS 146.070;

(c) Property transferred pursuant to an affidavit as authorized by NRS 146.080; and

(d) Property transferred from an estate or a trust pursuant to a power of appointment granted under a will or trust, as applicable.

(Added to NRS by 2011, 1418; A 2017, 1665)

Previous Section
NRS 111.719 - “Multiple-party account” defined.
Next Section
NRS 111.723 - “Party” defined.