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Nevada Revised Statutes Title 10. Property Rights and Transactions § 111.787. Type and form of account; governing law for other types of accounts

Current as of January 01, 2025 | Updated by Findlaw Staff

1. An agreement of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of NRS 111.783 to 111.815, inclusive, applicable to an account of that type:

UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM

PARTIES [Name one or more parties]: _________________________________________________________.

OWNERSHIP [Select one and initial]:

______

SINGLE-PARTY ACCOUNT

______

MULTIPLE-PARTY ACCOUNT

Parties own the account in proportion to net contributions, unless there is clear and convincing evidence of a different intent.

RIGHTS AT DEATH [Select one and initial]:

______

SINGLE-PARTY ACCOUNT

At death of party, ownership passes as part of party's estate.

______

SINGLE-PARTY ACCOUNT WITH POD (PAY-ON-DEATH) DESIGNATION

[Name one or more beneficiaries]:

___________________________________________

__________________________________________

At death of party, ownership passes to POD beneficiaries and is not part of party's estate but may be subject to party's creditors.

______

MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP

At death of party, ownership passes to surviving parties.

______

MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY-ON-DEATH) DESIGNATION

[Name one or more beneficiaries]:

___________________________________________

__________________________________________

At death of last surviving party, ownership passes to POD beneficiaries and is not part of last surviving party's estate.

______

MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP

At death of party, deceased party's ownership passes as part of deceased party's estate.

AGENCY (POWER OF ATTORNEY) DESIGNATION [Optional]

Agents may make account transactions for parties but have no ownership or rights at death unless named as POD beneficiaries.

[To add agency designation to account, name one or more agents]:

___________________________________________

__________________________________________

[Select one and initial]:

______

AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES

______

AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES

2. An agreement of deposit that does not contain provisions in substantially the form provided in this section is governed by the provisions of NRS 111.783 to 111.815, inclusive, applicable to the type of account that most nearly conforms to the depositor's intent.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 111.787. Type and form of account; governing law for other types of accounts - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-111-787/

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