NRS 120.240
Disclaimer of rights of survivorship in jointly held property.

1.

Upon the death of a holder of jointly held property, a surviving holder may disclaim, in whole or part, the greater of:

(a)

A fractional share of the property determined by dividing the number 1 by the number of joint holders alive immediately before the death of the holder to whose death the disclaimer relates; or

(b)

All of the property except that part of the value of the entire interest attributable to the contribution furnished by the disclaimant.

2.

A disclaimer under subsection 1 takes effect as of the death of the holder of jointly held property to whose death the disclaimer relates.

3.

An interest in jointly held property disclaimed by a surviving holder of the property passes as if the disclaimant predeceased the holder to whose death the disclaimer relates.

Source: Section 120.240 — Disclaimer of rights of survivorship in jointly held property., https://www.­leg.­state.­nv.­us/NRS/NRS-120.­html#NRS120Sec240.

Last Updated

Feb. 5, 2021

§ 120.240’s source at nv​.us