™Your Policy Risk Impact Agent
15 chapters · 942 sections in this title.
NRS 162B.325 Appointment to deceased appointee or permissible appointee’s descendant.
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NRS 162B.325 Appointment to deceased appointee or permissible appointee’s descendant. 1. Subject to NRS 133.200, an appointment to a deceased appointee is ineffective. 2. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder …
NRS 162B.330 Impermissible appointment.
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NRS 162B.330 Impermissible appointment. 1. Except as otherwise provided in NRS 162B.325, an exercise of a power of appointment in favor of an impermissible appointee is ineffective. 2. An exercise of a power of appointment in favor of a permissible appointee is ineffective to the…
NRS 162B.335 Selective allocation doctrine.
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NRS 162B.335 Selective allocation doctrine. If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the…
NRS 162B.340 Capture doctrine: Disposition of ineffectively appointed property under general power.
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NRS 162B.340 Capture doctrine: Disposition of ineffectively appointed property under general power. To the extent a powerholder of a general power of appointment, other than a power to withdraw property from, revoke or amend a trust, makes an ineffective appointment: 1. The gift-…