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Code · Nevada · CHAPTER 132 - GENERAL PROVISIONS

NRS 132.050 “Beneficiary” defined.

140 words·~1 min read·/nv/chapter-132-general-provisions/132-050

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NRS 132.050 “Beneficiary” defined. “Beneficiary,” as it relates to:
1. A trust, includes a person who has a present or future interest, vested or contingent, and the owner of an interest by assignment or other transfer;
2. A charitable trust, includes any person entitled to enforce the trust;
3. An instrument designating a beneficiary, includes a beneficiary of any nonprobate transfer; and
4. A beneficiary designated in a governing instrument, includes a grantee of a deed, a devisee, a beneficiary of a trust, a beneficiary under a designation, a donee, an appointee or a taker in default under a power of appointment, or a person in whose favor a power of attorney or a power held in any individual, fiduciary or representative capacity is exercised,
Ê but does not include a person who receives less than $100 under a will.
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