If a decedent leaves property having a situs in this state, and leaves other property having a situs in another state, the portion of the federal credit which is attributable to the property having a situs in Nevada must be determined in the following manner:

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Terms Used In Nevada Revised Statutes 375A.105

  • Decedent: A deceased person.

1.  For the purpose of apportioning the federal credit, the gross value of the property must be that value finally determined for the purposes of the federal estate tax.

2.  The federal credit must be multiplied by the percentage which the gross value of property having a situs in Nevada bears to the gross value of the entire estate subject to federal estate tax.

3.  The product determined pursuant to subsection 2 must be the portion of the federal credit which is attributable to property having a situs in Nevada.

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