Nevada Revised Statutes 111.663 – ‘Designated beneficiary’ defined
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‘Designated beneficiary‘ means a person designated to receive property in a deed upon death.
Terms Used In Nevada Revised Statutes 111.663
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Deed: The legal instrument used to transfer title in real property from one person to another.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039