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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 111.721. “Nonprobate transfer” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-111-721/
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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