Title 10

NRS 111.673 Designation of beneficiary. The owner of an interest in property who creates a deed upon death may designate in the deed: 1. Multiple beneficiaries who will take title to the property upon his or her death as joint tenants with right of survivorship, tenants in common…

NRS 111.675 Requirements for property held as joint tenancy or community property with right of survivorship. If the owner of the property which is the subject of a deed upon death holds the interest in the property as a joint tenant with right of survivorship or as community pro…

NRS 111.677 Void if interest in property transferred before death; last recorded deed upon death is effective. 1. If an owner of an interest in property who creates a deed upon death transfers his or her interest in the property to another person during his or her lifetime, the d…

NRS 111.679 Capacity to make or revoke. The capacity required to make or revoke a deed upon death is the same as the capacity required to make a will. (Added to NRS by 2011, 1349)

NRS 111.681 Execution and recordation. A deed upon death is valid only if executed and recorded as provided by law in the office of the county recorder of the county where the property is located before the death of the owner or the death of the last surviving owner. (Added to NR…

NRS 111.683 Effective without notice or consideration. A deed upon death is effective without: 1. Notice or delivery to or acceptance by the beneficiary or beneficiaries; or 2. Consideration. (Added to NRS by 2011, 1349)

NRS 111.685 Effect of deed upon death during owner’s lifetime. During the owner’s lifetime, a deed upon death does not: 1. Affect an interest or right of the owner, including, without limitation, the right to transfer or encumber the property; 2. Affect any method of transferring…

NRS 111.687 Disclaimer by beneficiary. A beneficiary may disclaim all or part of the beneficiary’s interest under a deed upon death by recording a disclaimer in the office of the county recorder of the county in which the property is located, as provided by chapter 120 of NRS. (A…

NRS 111.689 Enforcement of liabilities against property transferred pursuant to deed upon death; notice to certain persons required; filing of claims; recovery of public assistance; time for filing suit. 1. To the extent the grantor’s probate estate is insufficient to satisfy an …

NRS 111.691 Property transferred by deed upon death subject to prior lien. A beneficiary or beneficiaries under a deed upon death inherit the property subject to any liens on the property in existence on the date of the death of the grantor. (Added to NRS by 2011, 1350)

NRS 111.693 Limitations concerning Medicaid payments. The provisions of NRS 111.655 to 111.699, inclusive, must not be construed to limit the recovery of benefits paid for Medicaid. (Added to NRS by 2011, 1350)

NRS 111.695 Form of deed upon death. A deed upon death must be in substantially the following form: DEED UPON DEATH I (We)................... (here insert name of owner(s)) hereby convey to................... (here insert name of beneficiary or beneficiaries), effective on my (ou…

NRS 111.697 Form of revocation of deed upon death. A deed upon death may be revoked at any time by the owner or, if there is more than one owner, by any of the owners who created the deed even if the deed or other instrument contains a contrary provision. The revocation is valid …

NRS 111.699 Form of Death of Grantor Affidavit; required documents upon death of grantor. Upon the death of the last grantor of a deed upon death, a declaration of value of property pursuant to NRS 375.060 and a copy of the death certificate of each grantor must be attached to a …

NRS 111.700 Definitions. As used in NRS 111.700 to 111.815, inclusive, unless the context otherwise requires, the words and terms defined in NRS 111.701 to 111.749, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2011, 1418)

NRS 111.701 “Account” defined. “Account” means an agreement of deposit between a depositor and a financial institution and includes a checking account, savings account, certificate of deposit and share account. (Added to NRS by 2011, 1418)

NRS 111.703 “Agent” defined. “Agent” has the meaning ascribed to it in NRS 132.045. (Added to NRS by 2011, 1418)

NRS 111.705 “Beneficiary” defined. “Beneficiary” has the meaning ascribed to it in NRS 132.050. (Added to NRS by 2011, 1418)

NRS 111.707 “Contract” defined. “Contract” includes an insurance policy, contract of employment, bond, mortgage, promissory note, certificated or uncertificated security, account, custodial agreement, deposit agreement, compensation agreement, deferred compensation plan, pension …

NRS 111.709 “Devisee” defined. “Devisee” has the meaning ascribed to it in NRS 132.100. (Added to NRS by 2011, 1418)

NRS 111.711 “Financial institution” defined. “Financial institution” means an organization authorized to do business under state or federal laws relating to financial institutions and includes a bank, thrift company, trust company, savings bank, building and loan association, sav…

NRS 111.713 “Governing instrument” defined. “Governing instrument” has the meaning ascribed to it in NRS 132.155. (Added to NRS by 2011, 1418)

NRS 111.715 “Heirs” defined. “Heirs” has the meaning ascribed to it in NRS 132.165. (Added to NRS by 2011, 1418)

NRS 111.717 “Held in beneficiary form” defined. “Held in beneficiary form” means the holding of property which has been registered in beneficiary form or another writing that names the owner of the property followed by a transfer-on-death direction and the designation of a benefi…

NRS 111.719 “Multiple-party account” defined. “Multiple-party account” means an account payable on request to one or more of two or more parties, whether or not a right of survivorship is mentioned. (Added to NRS by 2011, 1418)

NRS 111.721 “Nonprobate transfer” defined. 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 limi…

NRS 111.723 “Party” defined. “Party” means a person who, by the terms of an account, has a present right, subject to request, to payment from the account other than as a beneficiary or agent. (Added to NRS by 2011, 1419)

NRS 111.725 “Payment” defined. “Payment,” as it relates to sums on deposit, includes withdrawal, payment to a party or third person pursuant to a check or other request and a pledge of sums on deposit by a party, or a set-off, reduction or other disposition of all or part of an a…

NRS 111.727 “Personal representative” defined. “Personal representative” has the meaning ascribed to it in NRS 132.265. (Added to NRS by 2011, 1419)

NRS 111.729 “POD designation” defined. “POD designation” means the designation of: 1. A beneficiary in an account payable on request to one party during the party’s lifetime and on the party’s death to one or more beneficiaries, or to one or more parties during their lifetimes an…

NRS 111.731 “Receive” defined. “Receive,” as it relates to notice to a financial institution, means receipt in the office or branch office of the financial institution in which the account is established or, if the terms of the account require notice at a particular place, in the…

NRS 111.733 “Register in beneficiary form” defined. “Register in beneficiary form” means to title an account record, certificate or other written instrument evidencing ownership of property in the name of the owner followed by a transfer-on-death direction as described in NRS 111…

NRS 111.735 “Request” defined. “Request” means a request for payment complying with all terms of the account, including special requirements concerning necessary signatures and regulations of the financial institution. For the purposes of NRS 111.700 to 111.815, inclusive, if the…

NRS 111.737 “State” defined. “State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico and any territory or possession subject to the jurisdiction of the United States. (Added to NRS by 2011, 1419)

NRS 111.739 “Sums on deposit” defined. “Sums on deposit” means the balance payable on an account, including interest and dividends earned, whether or not included in the current balance, and any deposit life insurance proceeds added to the account by reason of the death of a part…

NRS 111.741 “Terms of the account” defined. “Terms of the account” includes the deposit agreement and other terms and conditions, including the form, of the deposit. (Added to NRS by 2011, 1420)

NRS 111.743 “Transferring entity” defined. “Transferring entity” means a person who owes a debt or is obligated to pay money or benefits, render contract performance, deliver or convey property, or change the record of ownership of property on the books, records and accounts of a…

NRS 111.745 “Trust” defined. “Trust” has the meaning ascribed to it in NRS 132.350. (Added to NRS by 2011, 1420)

NRS 111.747 “Trustee” defined. “Trustee” has the meaning ascribed to it in NRS 132.355. (Added to NRS by 2011, 1420)

NRS 111.749 “Will” defined. “Will” has the meaning ascribed to it in NRS 132.370. (Added to NRS by 2011, 1420) General Personal and Miscellaneous Property

NRS 111.751 Provision for nonprobate transfer in contract. 1. A provision for a nonprobate transfer on death in a contract is nontestamentary and includes any written provision that: (a) Money or other benefits due to, controlled by or owned by a decedent before death must be pai…

NRS 111.753 Authority of agent to make nonprobate transfer of property after death of owner. For the purpose of discharging its duties under NRS 111.751 to 111.779, inclusive, the authority of a transferring entity acting as agent for an owner of property subject to a nonprobate …

NRS 111.755 Agreement between owner and transferring entity; authorized content of contract concerning such agreement; effective date of designation of beneficiary when transferring entity’s acceptance required. 1. Provision for a nonprobate transfer is a matter of agreement betw…

NRS 111.757 Transfer to designated beneficiary according to beneficiary designation or other direction. When a transferring entity accepts a beneficiary designation or beneficiary assignment or registers in beneficiary form certain property, the acceptance or registration constit…

NRS 111.759 Proper execution and delivery required for transfer of property upon death of owner. A beneficiary designation, under a written instrument or law, that authorizes a transfer of property pursuant to a written designation of beneficiary transfers the right to receive th…