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Current as of January 01, 2024 | Updated by Findlaw Staff
For purposes of the Nebraska Uniform Real Property Transfer on Death Act:
(1)Beneficiary means a person that receives property under a transfer on death deed;
(2)Designated beneficiary means a person designated to receive property in a transfer on death deed;
(3) Disinterested witness to a transfer on death deed means any individual who acts as a witness to a transfer on death deed at the date of its execution and who is not a designated beneficiary or an heir, a child, or a spouse of a designated beneficiary;
(4)Joint owner means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant. The term does not include a tenant in common without a right of survivorship;
(5)Person means an individual, a corporation, an estate, a trustee of a trust, a partnership, a limited liability company, an association, a joint venture, a public corporation, a government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;
(6)Property means an interest in real property located in this state which is transferable on the death of the owner;
(7)Transfer on death deed means a deed authorized under the Nebraska Uniform Real Property Transfer on Death Act; and
(8)Transferor means an individual who makes a transfer on death deed.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 76. Real Property § 76-3402. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-76-real-property/ne-rev-st-sect-76-3402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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