76-3402. Definitions.

227 words·~1 min read·/ne/chapter-76/76-3402

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.